Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6 Million | USD 8.5 Million | 5.5% | 2021 |
FrequentlyAsked Questions
A steady increase in geriatric populations along with patients suffering from neurological diseases is seen to have a positive influence on the global market. The market has seen a rise owing to the increased awareness and acceptance of medical drugs and supplements. The upcoming cognitive and memory enhancer drugs show tremendous potential which is influencing the global market positively. Since the drugs have shown positive results, this has propelled the market towards growth.
According to Zion Market Research, the global cognitive and memory enhancer drugs market was at a value of $6 million in 2021 and is projected to reach over $8.5 million by 2030, at a compound annual growth rate of 5.5% over the forecast period
Currently, North America is leading with the maximum market share given its huge pool of older generations along with a higher number of patients needing cognitive and memory enhancer drugs. This is followed by Europe because of its extremely developed healthcare infrastructure. However, Asia-Pacific is reported to grow at a high CAGR in the coming years because of the investments made in R & D and production work. Middle-East and Latin America currently possess a moderate share of the global market.
Leaders dominating the global cognitive and memory enhancer drugs market are Johnson and Johnson Services, Teva Pharmaceutical Industries Ltd, AbbVie, Lundbeck, Eisai Co Ltd, Lilly, Sanofi, Takeda Pharmaceutical Company Ltd, Novartis AG, Pfizer, Biogen, Torrent Pharmaceutical, Inc.
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