Cognitive and memory enhancer drugs are also called as nootropics, smart drugs, brain boosters, memory boosters, drive drugs. Cognitive and memory enhancers are drugs that people use in for improving memory, increase mental alertness and concentration, as well as boost energy levels and wakefulness. Cognitive enhancers range from naturally sourced supplements to totally synthetic drugs supplements.
The global cognitive and memory enhancer drugs market is expected to register significant growth in the forecoming years. Major factors driving growth of the global target markets are neurological disorders such as Alzheimer’s across the globe. In addition, growing population, government initiatives, favorable reimbursement policies, rising healthcare expenditure are the other factors expected to drive the growth of the target market over the forecast period.
The global cognitive and memory enhancer drugs market report have been segmented on the product type, application, and region.
On the basis of product type, the global market has been segmented into aricept, exelon, namenda, razadyne, provigil, ritalin, adderall, and others. On the basis of application, the global market has been segmented into disease treatment, academic performance, athletic performance, and others. On the basis of region, the global markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
In 2018, North America cognitive and memory enhancer drugs market is expected to account for major share in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period. This is primarily attributed to developed medical facilities, rising health care expenditure, favorable reimbursement policies in country in the region. However, Asia Pacific cognitive and memory enhancer drugs market is projected to register highest CAGR in the next five years, due to increased health awareness among consumers and rising neurological disorders in countries in the region.
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Key players operating in the global cognitive and memory enhancer drugs market includes Pfizer Inc., Eisai Co., Ltd., Allergan, Inc., Novartis AG, Johnson & Johnson, Takeda Pharmaceutical Company Limited, AlternaScript LLC, Cephalon, Inc. (Teva Pharmaceutical Industries Ltd.), Shire Plc, and Bayer AG.
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