Nootropics Market, By Type (Adrafinil and Modafinil), By User (Adults and Children), By Application

Published Date: | Report Code : FA1948508

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Nootropics are a combination of two Greek words – noos and tropein, which means mind and towards, respectively. Nootropics are supplements, which have newly emerged in the market. These supplements aim at enhancing brain performance as well as its functions and are called as smart drugs. They are used for the treatment of Alzheimer’s, dementia, attention deficit hyperactivity disorder, and Parkinson’s diseases. Awareness about mental health has also positively impacted the market growth.

Segment Analysis: 

The nootropics market has been segmented based on type, user, and application. Based on type, the market has been segmented into adrafinil and modafinil. Mostly, adrafinil, which is the strongest nootropics, is widely used, as it is much safer and legal than modafinil.
Based on the user, the market has been divided into adults and children. Modafinil is usually used for adolescents because it supplements the demands of an adult and a baby.  Adrafinil is prescribed to children, as it is safe for children.

Based on application, the market has been segmented into attention & focus, memory enhancement, mood & depression, sleep & anxiety, and others. There are several cases of depression and dementia being reported these days. According to the WHO, there are, approximately, 50 million people with dementia around the globe, and 10 million new cases are reported every year. These medical conditions have also impacted the market growth positively.

Key Factors Impacting Market Growth:

  • Improves the activity of neurotransmitters, such as dopamine, serotonin, and glutamate, among others
  • Widely used for curing Alzheimer’s, dementia, attention deficit hyperactivity disorder, and Parkinson’s
  • Increasing cases of people suffering from anxiety and other mental health issues
  • Aging population suffering from dementia

Regional Analysis: 

This report segments the nootropics market by region into North America, Asia Pacific, Western Europe, Eastern Europe, the Middle East, and the Rest of the World. North America, Asia Pacific, and Western Europe are estimated to be major regions for the nootropics market during the forecast period. North America and Western Europe have been one of the key regions with technological advancements in the Food & Agricultural sector. The use of the latest technologies in the agricultural activities and established processed food market is estimated to drive demand for the nootropics market in these regions. In addition to this, some of the major companies operating in this market are headquartered in these regions.

The Asia Pacific is estimated to be one of the fastest-growing markets for nootropics during the forecast period. The food & agriculture sector is one of the major contributors to economies in the region. In addition to this, government initiatives to promote technological advancements in this region are also one of the key factors in the growth of the nootropics market. The Middle East and the rest of the World are estimated to be emerging regions for nootropics market during the forecast period.

Companies Covered: 

Nootrobox, Inc., Cephalon, Inc., Purelife Bioscience Co. Ltd., Peak Nootropics, Nootrico, SupNootropic Biological Technology Co. Ltd., AlternaScript LLC, Accelerated Intelligence, Inc., Onnit Labs LLC, Powder City LLC, Ceretropic, Nootropic Source, and Clarity Nootropics 

Market Segmentation: 

By Type:

  • Adrafinil
  • Modafinil

By User:

  • Adults
  • Children

By Application:

  • Attention & focus
  • Memory Enhancement
  • Mood & Depression
  • Sleep & Anxiety
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By User
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By User
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By User
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By User
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By User
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By User
    • By Application

Reasons to Buy This Report:

  • Market size estimation of the global nootropics market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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