Global nootropics market has been witnessing growth, owing to the increasing awareness about mental health. Nootropics are supplements which aims 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
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On the basis of 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.
On the basis of 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. On the basis of 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.
The upcoming report from Quince Market Insights focuses on these key impact factors influencing the market, along with identifying major segments and companies operating in the market. The study is designed to provide a holistic view with a broad scope covering every possible segment influencing the demand for nootropics market.
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Attention & focus
Mood & Depression
Sleep & Anxiety
This upcoming study will be published shortly with a focus on key stakeholders in the market. Regions covered in the study include North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World.
Major companies operating in the market:
- Nootrobox, Inc
- Cephalon, Inc
- Purelife Bioscience Co. Ltd
- Peak Nootropics
- SupNootropic Biological Technology Co. Ltd
- AlternaScript LLC
- Accelerated Intelligence Inc
- Onnit Labs LLC
- Powder City LLC
- Nootropic Source
- Clarity Nootropics
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Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments pertaining to market opportunities that promise high growth in the future. The company also provides information on different research practices such as competitive analysis, product mapping, value chain analysis, etc., assisting clients in strategic decision-making.
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