Pune, India -- (SBWire) -- 05/13/2019 --Our latest research report entitled Cognitive and Memory Enhancer Drugs Market (by drug type (adderall, provigil, razadyne, aricept, namenda, ritalin, exelon, and others), application (disease treatment, academic performance, athletic performance, and others)) provides complete and deep insights into the market dynamics and growth of cognitive and memory enhancer drugs. Latest information on market risks, industry chain structure cognitive and memory enhancer drugs cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Cognitive and Memory Enhancer Drugs growth factors. According to the report, the global cognitive and memory enhancer drugs market is projected to grow at a CAGR of 8.4% over the forecast period of 2018-2024.
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Cognitive and Memory Enhancer Drugs Market: Insight
Cognitive and memory enhancer are drugs that are used to increase mental alertness, concentration, and improve memory, as well as to boost energy levels and insomnia. Different types of cognitive enhancers are available. Patients suffering from diseases such as Alzheimer's diseases, stroke, schizophrenia, attention deficit hyperactivity disorder, and aging majorly use cognitive enhancers. Some pharmaceutical drugs used to improve attention and focus, and conditions such as sleepiness or narcolepsy. Some drugs can cause dependence and their effects only last as long as the drug remains in the body. Few drugs may have a range of side effects particularly to young people because their brains continue to develop into their mid-twenties.
Cognitive and Memory Enhancer Drugs Market: Drivers and Restraints
Increasing prevalence of neurological disorders such as brain tumors, stroke, dementia, and epilepsy drives the growth of cognitive and memory enhancer drugs Market. Benefits offered by cognitive and memory enhancer drugs include improved memory, physical and mental performance, and cognitive function. These offered benefits boosts the growth of cognitive and memory enhancer drugs Market. Now a day's increase in geriatric population leads to the increase in the incidence of Alzheimer's disease therefore, Cognitive and memory enhancer drugs are useful to treat Alzheimer's disease. However, Ethical and authorized security issues regarding cognitive drugs hinders the growth of cognitive and memory enhancer drugs Market. Moreover, ethical and legal safety issues regarding cognitive drugs may hinder the growth of cognitive and memory enhancer drugs Market. Increasing research and development activities regarding drugs and essential strength of the drugs are providing beneficial opportunities for cognitive and memory enhancer drugs Market. In addition, ongoing clinical trials about the benefits and side effects of drugs provide opportunities for cognitive and memory enhancer drugs Market.
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Cognitive and Memory Enhancer Drugs Market: Regional Analysis
Among the geographies, North America dominates the cognitive and memory enhancer drugs market owing to increase in geriatric population and rising number of Alzheimer's diseases in the region. According to Alzheimer's Research UK, around 2 in 100 people elderly 65-69 suffer from dementia. Increasing prevalence of neurological disorders in the region is expected to fuel the growth of cognitive and memory enhancer drugs market. Europe is expected to the second largest region to contribute to the growth of cognitive and memory enhancer drugs market.
Cognitive and Memory Enhancer Drugs Market: Segmentation
The report on global cognitive and memory enhancer drugs market covers segments such as drug type and application. On the basis of drug type, the sub-markets include adderall, provigil, razadyne, aricept, namenda, ritalin, exelon, and others. On the basis of application, the sub-markets include disease treatment, academic performance, athletic performance, and others.
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Cognitive and Memory Enhancer Drugs Market: Competitive Landscape
The report provides profiles of the companies in the market such as Eisai Co., Ltd., Pfizer Inc., Johnson & Johnson Services, Inc., Shire, WebMD LLC., Novartis AG, Bayer AG, Takeda Pharmaceutical Company Limited., ALLERGAN, and Sanofi.
Report Findings
1. Drivers
- Prevalence of Neurological Disorders.
- Improved Memory, Physical and Mental Performance and Cognitive Function.
- Increasing Geriatric Population.
2. Restraints
- High Capital Requirements for Drug Production.
- Ethical & Legal Safety Issues Regarding Cognitive Drugs.
3. Opportunities
- Untapped Market and Ongoing Clinical Trials.
- Essential Strength of The Drugs.
- Increasing R&D Activities.
