Report ID: SQMIG35A2160
Report ID:
SQMIG35A2160 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|
Tables:
85 |
Figures:
81
Global Nootropics Market size was valued at USD 3.77 billion in 2022 and is poised to grow from USD 4.32 billion in 2023 to USD 12.87 billion by 2031, growing at a CAGR of 14.62% during the forecast period (2024-2031).
Nootropics are a class of cognitive enhancers that aim to improve mental functions such as memory, creativity, and focus. They include natural and synthetic compounds like caffeine, ginseng, and modafinil. Nootropics work by increasing blood flow to the brain, boosting neurotransmitter levels, and protecting brain cells from damage. They are popular among students, professionals, and athletes seeking to enhance their cognitive abilities. However, the long-term effects of some nootropics are still unclear, and their use should be approached with caution and under the guidance of a medical professional. It is projected that increasing consumer demand for brain enhancers and smart pharmaceuticals would drive market expansion. These smart medications are widely used by both professionals and students to enhance concentration and memory. Multivitamin tablets are frequently taken by adults in the United States to enhance mental functions like cognition, memory, alertness, concentration, creativity, and attention. Also, according to an article posted on dualdiagnosis.org in March 2021, smart medicines and nootropics are becoming more popular in the U.S. as more people use them to boost their mental capacity.
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Report ID: SQMIG35A2160