According to a new report published by Allied Market Research, titled, โCognitive and Memory Enhancer Drug Market by Product and Application: Global Opportunity Analysis and Industry Forecast, 2021โ2030,” the global cognitive and memory enhancer drug market size was valued at $5,079.86 million in 2020, and is projected to reach $8,689.74 million by 2030, registering a CAGR of 5.5% from 2021 to 2030.
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The major companies profiled in the report are Pfizer Inc., Biogen., Allergan, Inc., Novartis AG, Torrent Pharmaceutical Inc, Johnson & Johnson, Takeda Pharmaceutical Company Limited, AlternaScript LLC, Cephalon, Inc. (Teva Pharmaceutical Industries Ltd.), and Ceretropic.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.alliedmarketresearch.com/request-sample/4556
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- Aricept contributed for more than one-sixth share of the global cognitive and memory enhancer drugs market in 2016.
- Provigil is projected to grow at a significant CAGR of 7.1% from 2017 to 2023.
- Education segment is expected to grow at a significant CAGR of 5.6%.
- North America were the major shareholders in 2020, collectively accounting for more than one-third share of the global cognitive and memory enhancer drugs market.
๐๐ผ๐๐ถ๐ฑ-๐ญ๐ต ๐ฆ๐ฐ๐ฒ๐ป๐ฎ๐ฟ๐ถ๐ผ:
The overall impact of COVID-19 is negative on the global cognitive and memory enhancer drugs market, owing to decline in the number of visits to hospitals and clinics for the treatment of neurodegenerative, and these drugs are mainly used in the treatment of neurodegenerative disorders, which led to decline in demand of cognitive & enhancer drugs market. However, with the ongoing vaccinations and decreasing cases of COVID-19, the studied market is expected to regain its full potential over the forecast period. in the future
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๐จ๐ซ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ https://www.alliedmarketresearch.com/purchase-enquiry/4556
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share in the cognitive and memory enhancer drug market in 2020, and North America is expected to retain its dominance throughout the forecast period
By product, Aricept generated the maximum revenue in the global cognitive and memory enhancer drugs market in 2020, and is expected to dominate the market till 2030. The Provigil segment is expected to register the highest CAGR of 7.1 % during the forecast period, owing to increase in awareness among people toward improved physical performance.
By application, the disease treatment segment is expected to dominate the market in the future, owing to increase in the number of patients suffering from neurological diseases such as Alzheimer’s. On the other hand, the education performance segment is estimated to exhibit a CAGR of 5.6% during the forecast period.
๐๐ฒ๐ ๐๐ฒ๐๐ฎ๐ถ๐น๐ฒ๐ฑ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.alliedmarketresearch.com/cognitive-and-memory-enhancer-drugs-market
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