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Nootropics Market

Nootropics Market Size, Share and Segmentation by Type (Over-the-counter (OTC), Prescription, Natural, Homemade, Others), by Indication (Productivity and Study, Socializing, Exercise and Health, Wellbeing, Others), by Dosage form (Tablets, Capsules, Injections, Others), by Route of Administration (Oral, Parenteral, Others), by End-Users (Hospitals, Specialty Clinics, Homecare, Others), by Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/F&B/1722 | June 2022 | Region: Global | 135 Pages

Report Scope & Overview:

Nootropics Market Size was esteemed at USD 8.9 billion out of 2021 and is supposed to arrive at USD 27.9 billion by 2028, and develop at a CAGR of 15.4% over the forecast period 2022-2028.

Nootropics are supplements, brilliant meds, mental enhancers, drugs, or different substances that can assist individuals with great well-being work on their mental capacity, explicitly chief capacities, inspiration, imagination, and memory. These are accessible in both solutions as well as non-remedy structures. Remedy nootropics are drugs that are utilized to treat conditions, for example, Alzheimer's infection, consideration shortfall hyperactivity jumble (ADHD), and narcolepsy. Non-physician recommended drugs are utilized to further develop focus and mind execution instead of to treat afflictions.

Nootropics Market Revenue Graph

Additionally, the quickly expanding interest for mind promoters and savvy drugs among the understudy populace is driving the development of the worldwide nootropics market in the impending five years. The understudies are leaned toward nootropics as these work on mental capacity, like leader capacities, memory, innovativeness, or inspiration. The rising mindfulness about these medications is supporting the development of the worldwide nootropics market in the following five years.

With the rising number of nootropic shoppers, all the more as of late, the medication modafinil has turned into the cerebrum supporter of decision. Modafinil is expected to further develop alertness in individuals with narcolepsy, obstructive rest apnea, or work condition change as per the FDA. Yet, when individuals take it without these elements, it has been connected with changes in readiness, strength, navigation, and focus. Other driving drug organizations in this space are centered around getting new items on the market with numerous capacities.

Market Dynamics:

Driving Factors:

  • Ascend in the predominance of COVID-19.

  • Expanding venture for medical care framework.

Restraining Factors:

  • Expanding interest in brilliant medications and mind promoters is probably going to increase the interest in nootropics.

Opportunities:

  • Expansion in the number of innovative work exercises.

  • The significant expense is related to drug advancement and conveyance.

Challenges:

  • The absence of medical care framework in creating economies.

  • Absence of mindfulness among individuals.

Impact of Covid-19:

The rising pervasiveness of COVID-19 across the globe is a central point driving the nootropics market's development rate. The COVID-19 pandemic contributed essentially to the expanding popularity of nootropics, as purchasers' inclinations for mental well-being upgrading enhancements, beverages, and bars to further develop their mental well-being advanced. Besides, because of the COVID-19 pandemic, different business people and retailers acquired from online nootropics deals.

Market Estimations:

Product type:

Over-the-counter medication, otherwise called OTC or nonprescription medication, alludes to medication that you can purchase without a remedy. It is the US Food and Drug Administration (FDA) decides if meds are remedies or nonprescription. The term medicine alludes to meds that are protected and successful when utilized under a specialist's consideration, though nonprescription or OTC medications are meds the FDA decides are protected and viable for use without a specialist's remedy.

Indication:

Upgrade perception and memory. Increment readiness and alertness. Further, develop rest quality. Help ability to focus and fixation. Help mind energy by animating the bloodstream to the synapses. Work on different parts of temperament and state of mind problems like despondency, uneasiness, stress, and others.

Dosage form:

The measurement structure is the actual type of a portion of the medication. Normal measurement structures incorporate tablets, cases, creams, balms, vapor sprayers, and patches. Every measurement structure may likewise have various particular structures like broadened discharge, buccal, dispersible, and enjoyable tablets. The strength is how much medication is in the dose structure or a unit of the measurement structure (for example 500 mg container, 250 mg/5 mL suspension).

Route of Administration:

The course of medication organization is characterized as the way by which medication is taken into the body for determination, counteraction, fix, or treatment of different illnesses and problems. For a medication to deliver its ideal helpful outcome, it should interact with the tissues of organs and cells of tissues by for sure; and for this to occur the medication should be regulated properly. The course of organization of a prescription straightforwardly influences the medication bioavailability, which decides both the beginning and the span of the pharmacological impact.

End-Users:

In light of the End Use, the market is bifurcated into Memory Enhancement, Mood and Depression, Sleep and Recovery, Longevity and Anti-maturing, Attention and Focus, and Anxiety. This section is overwhelmed by the memory improvement type nootropics.

Distribution Channel:

In light of appropriation channels, the worldwide nootropics market has been bifurcated into disconnected and on the web. Among these, the web-based portion held a significant piece of the pie in 2020 and is projected to enroll a hearty CAGR of practically 14% during the survey time frame. This is fundamentally ascribed to the developing inclination for nootropics by understudies. Simple installment stages that fit into administrative principles of different nations have made installment tasks more straightforward. Hence, key industry members center around online conveyance channels to extend their client base.

Key Market Segmentation:

By Type:

  • Over-the-counter (OTC)

    • L-theanine

    • Creatine

    • Phenotropil

    • Others

  • Prescription

    • Ritalin

    • Adderall

    • Provigil

    • Piracetam

    • Others

  • Natural

  • Homemade

  • Others

By Indication:

  • Productivity and Study

  • Socialising

  • Exercise and Health

  • Wellbeing

  • Others

By Dosage form:

  • Tablets

  • Capsules

  • Injections

  • Others

By Route of Administration:

  • Oral

  • Parenteral

  • Others

By End-Users:

  • Hospitals

  • Specialty Clinics

  • Homecare

  • Others

By Distribution Channel:

  • Hospital Pharmacy

  • Retail Pharmacy

  • Online Pharmacy

  • Others

Nootropics Market Segment Chart

Regional Analysis:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

By district, North America ruled the nootropics market and is projected to develop at a sound CAGR during the survey time frame. This can be ascribed to the presence of significant medical organizations, expanding buyer mindfulness about cerebrum wellbeing, and changing ways of life are supposed to support provincial development. Around half of the grown-up populace in the US consumes nutrient enhancements, this is a critical commitment to the territorial nootropic industry.

Key Players:

Accelerated Intelligence Inc., AlternaScript (The U.S), HVMN, Onnit Labs, Inc., Peak Nootropics, Teva Pharmaceutical Industries, Purelife Bioscience Co., Ltd., United Pharmacies, SupNootropic bio co.,ltd, Powder City.

Nootropics Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 8.9 Billion
Market Size by 2028 US$ 27.9 Billion
CAGR CAGR 15.4% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Type (Over-the-counter (OTC), Prescription, Natural, Homemade, Others)
• by Indication (Productivity and Study, Socializing, Exercise and Health, Wellbeing, Others)
• by Dosage form (Tablets, Capsules, Injections, Others)
• by Route of Administration (Oral, Parenteral, Others)
• by End-Users (Hospitals, Specialty Clinics, Homecare, Others)
• by Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Accelerated Intelligence Inc., AlternaScript (The U.S), HVMN, Onnit Labs, Inc., Peak Nootropics, Teva Pharmaceutical Industries, Purelife Bioscience Co., Ltd., United Pharmacies, SupNootropic bio co.,ltd, Powder City.
Key Drivers •Ascend in the predominance of COVID-19.
•Expanding venture for medical care framework.
Market Challenges: •The absence of medical care framework in creating economies.
•Absence of mindfulness among individuals.


Frequently Asked Questions (FAQ) :

 Ans: Tablets are projected to make a foothold in the worldwide Nootropics market.

Ans: The base year calculated in the Nootropics market report is 2021.

Ans: Accelerated Intelligence Inc., AlternaScript (The U.S), HVMN, Onnit Labs, Inc., Peak Nootropics, Teva Pharmaceutical Industries, Purelife Bioscience Co., Ltd., United Pharmacies, SupNootropic bio co.,ltd, Powder City.

Ans: Ascend in the predominance of COVID-19 and Expansion in the number of innovative work exercises are the elements driving and resulting in opportunities for the Nootropics Market.

Ans: The Global Nootropics Market Size is supposed to develop at a CAGR of 15.4% over the forecast period 2022-2028.


Table of Contents:

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 Covid 19 Impact Analysis

4.2 Impact of the Ukraine and Russia war

 

5. Value chain analysis

 

6. Porter’s 5 forces model

 

7. PEST analysis

 

8. Global Nootropics Market segmentation, by Product:

8.1 Over-the-counter (OTC)

8.1.1 L-theanine

8.1.2 Creatine

8.1.3 Phenotropil

8.1.4 Others

8.2 Prescription

8.2.1 Ritalin

8.2.2 Adderall

8.2.3 Provigil

8.2.4 Piracetam

8.2.5 Others

8.3Natural

8.4 Homemade

8.5 Others

 

9.  Global Nootropics Market segmentation, by Indication:

9.1 Productivity and Study

9.2 Socializing

9.3 Exercise and Health

9.4 Wellbeing

9.5 Others

 

10.  Global Nootropics Market segmentation, by Dosage form:

10.1 Tablets

10.2 Capsules

10.3 Injections

10.4 Others

 

11.  Global Nootropics Market segmentation, by Route of Administration:

11.1 Oral

11.2 Parenteral

11.3 Others

 

12.  Global Nootropics Market segmentation, by End-Users:

12.1 Hospitals

12.2 Specialty Clinics

12.3 Homecare

12.4 Others

 

13.  Global Nootropics Market segmentation, by Distribution Channel:

13.1 Hospital Pharmacy

13.2 Retail Pharmacy

13.3 Online Pharmacy

13.4 Others

 

14. Global Nootropics Market, by region/ country

14.1 Introduction

14.2 North America

14.2.1 USA

14.2.2 Canada

14.2.3 Mexico

14.3 Europe

14.3.1 Germany

14.3.2 UK

14.3.3 France

14.3.4 Italy

14.3.5 Spain

14.3.6 The Netherlands

14.3.7 Rest of Europe

14.4 Asia-Pacific

14.4.1 Japan

14.4.2 South Korea

14.4.3 China

14.4.4 India

14.4.5 Australia

14.4.6 Rest of Asia-Pacific

14.5 The Middle East & Africa

14.5.1 Israel

14.5.2 UAE

14.5.3 South Africa

14.5.4 Rest

14.6 Latin America

14.6.1 Brazil

14.6.2 Argentina

14.6.3 Rest of Latin America

 

15. Company profiles

15.1 Accelerated Intelligence Inc.

15.1.1 Financial

15.1.2 Products/ Services Offered

15.1.3 Swot Analysis

15.1.4 The SNS View

15.2 AlternaScript

15.3 HVMN

15.4 Onnit Labs, Inc.

15.5 Peak Nootropics

15.6 Teva Pharmaceutical Industries

15.7 Purelife Bioscience Co., Ltd.

15.8 United Pharmacies

15.9 SupNootropic bio co.,ltd

15.10 Powder City.

 

16. Competitive Landscape

16.1 Competitive Bench Marking

16.2 Market Share Analysis

16.3 Recent Developments

 

17. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

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