Global Nootropics Market (2022 to 2026) – by Type, Product Type, Distribution Channel, Application and Region – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Global Nootropics Market, by Type (Prescription vs. Over-the-Counter), by Product Type (Natural vs. Synthetic), by Distribution Channel (Online vs. Offline), by Application, by Region, Competition Forecast and Opportunities, 2026″ report has been added to from ResearchAndMarkets.com offer.

The global nootropics market is expected to achieve significant growth over the forecast period, 2022-2026, with an impressive CAGR. The growth of the market can be attributed to the growing demand for drugs and pharmaceuticals that support the cognitive functions of the brain.

Moreover, the growing demand for brain boosters and smart drugs among the student population is driving the growth of the global nootropics market over the next five years. Students are inclined towards nootropics because these improve cognitive functions, such as executive functions, memory, creativity or motivation. The growing awareness of these drugs is supporting the growth of the global nootropics market over the next five years.

However, ethical issues regarding the use of nootropic drugs by the healthy individual may restrain the growth of the global nootropics market in the future. During 2019, the United States Food and Drug Administration and Federal Trade Commission warned manufacturers and market participants involved in advertisements of the probable ad fraud and marketing scams related to nootropic substances. The addiction issue is also a major concern regarding drugs, though regulatory sales and prospective warnings are expected to support the future growth of the global nootropics market over the next five forecast years, till 2026.

Nootropics are the drugs, supplements, and related components that are expected to work effectively to increase and improve brain activities such as cognitive thinking, executive brain functioning, better memory retention, and creating feelings of healthy motivation for the individuals. Patients suffering from mood swings, depression, lack of attention and concentration, and sleep disturbances are often prescribed nootropics for their recovery. Nootropics are often associated with the term “smart drugs” for their functions and effects on patients.

The global nootropics market is segmented by type, product type, distribution channel, application, regional distribution, and competitive analysis. Based on type, the market is further divided into prescription and over-the-counter nootropic drugs. Prescription nootropics are expected to hold the largest share of market revenue and assert their dominance in the market over the next five years owing to the rapid increase in cases of depression, mood swings, anxiety, and stress. Patients suffering from such mental health issues are able to control their symptoms with these medications as they help ease their thoughts. Additionally, the legality and ethical issues involved have made it essential to produce a prescription to purchase the nootropics, thereby supporting the growth of the global nootropics market over the next five years.

Years considered for this report:

  • Historical years: 2016 – 2019

  • Reference year: 2020

  • Estimated year: 2021

  • Forecast period: 2022 – 2026

Goal of the study:

  • To analyze the historical market size growth of the global nootropics market from 2016 to 2020.

  • Estimate and forecast the global Nootropics market size from 2021 to 2026 and the growth rate till 2026.

  • To classify and forecast the global nootropics market based on type, product type, distribution channel, application, competitive landscape and regional distribution.

  • To identify the dominant region or segment in the global nootropics market.

  • Identify drivers and challenges in the global nootropics market.

  • Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the global nootropics market.

  • To identify and analyze the profile of key players operating in the global Nootropics Market.

  • To identify the key sustainable strategies adopted by market players in the global nootropics market.

Report Scope:

In this report, the global nootropics market has been segmented into the following categories, in addition to industry trends which have also been detailed below:

Global Nootropics Market, By Type:

  • Order

  • Over the counter

Global Nootropics Market, By Product Type:

Global Nootropics Market, By Distribution Channel:

Global Nootropics Market, By Application:

  • Memory improvement

  • mood and depression

  • Attention and focus

  • Longevity & Anti-Aging

  • Sleep and Recovery

  • Anxiety

  • Others

Global Nootropics Market, By Region:

  • North America

  • United States

  • Canada

  • Mexico

  • Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Middle East and Africa

  • South Africa

  • Saudi Arabia

  • United Arab Emirates

  • Kuwait

  • South America

  • Brazil

  • Argentina

  • Colombia

Companies cited

  • Accelerated Intelligence Inc

  • AlternaScript LLC

  • Onnit Labs, Inc.

  • Peak Nootropics LLC

  • Teva Pharmaceutical Industries Ltd

  • Bioscience Purelife Co,Ltd

  • SupNootropic bio co, Ltd

  • Cephalon, Inc.

  • United Pharmacies (UK) Ltd

  • Nootrobox Inc (HVMN)

For more information on this report, visit https://www.researchandmarkets.com/r/w40zu5

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