Global Central Nervous System (CNS) Stimulant Drugs Market Size To Grow At A CAGR Of 6% In The Forecast Period Of 2023-2028
The ‘Global Central Nervous System (CNS) Stimulant Drugs Market Scope, Share, Size, Outlook, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global central nervous system (CNS) stimulant drugs market, assessing the market on the basis of its segments like application and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Central Nervous System (CNS) Stimulant Drugs Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 6%
The global central nervous system (CNS) stimulant drugs market is expected to witness growth during the forecast period on account of the increasing cases of central nervous system disorders. The rising prevalence of asthma and sleeping disorders along with the increasing elderly population are some of the key aspects expected to boost the market growth of central nervous system (CNS) stimulant drugs across the globe.
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The increase in mood disorders along with post-traumatic stress are further expected to drive market growth. Prevalence of narcolepsy, which results in excessive and chronic drowsiness is on the rise, and with increasing awareness regarding the condition, more patients are seeking treatment, supporting the market for CNS stimulant drugs.
The rise in clinical research and development activities coupled with an upsurge in the demand for retail pharmacies is expected to influence the central nervous system (CNS) stimulant drugs market growth across the globe over the upcoming years. However, the potential side effects of CNS stimulant drugs such as anxiety and tachycardia coupled with the rise in their use for recreational purposes may hamper the market growth of central nervous system (CNS) stimulant drugs.
Central Nervous System (CNS) Stimulant Drugs Industry Definition and Major Segments
Central nervous system (CNS) stimulant drugs are such drugs that enhance the levels of certain chemicals in the brain which further boost attention, alertness, physical activity, and energy. Central nervous system stimulants increase blood pressure and raise heart rate as well as breathing rate.
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Based on application, the market is segmented into:
- Attention-Deficit Hyperactivity Disorder
On the basis of region, the market is divided into:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
Central Nervous System (CNS) Stimulant Drugs Market Trends
Geographically, the Asia Pacific is anticipated to gain momentum in the central nervous system (CNS) stimulant drugs market over the coming years. The rise in the demand for drugs for the treatment of depression and ADHD coupled with surging cases of mental illness is likely to push forward the market demand for the central nervous system (CNS) stimulant drugs across the region. The growing healthcare sector and increasing research and development activities are likely to aid the market growth over the upcoming years.
Meanwhile, North America accounts for a sizable share of the central nervous system (CNS) stimulant drugs market growth on account of the surging prevalence of unhealthy lifestyle habits along with the increase in drug abuse and depression.
The increasing prevalence of attention-deficit hyperactivity disorder among the young population along with the easy accessibility of treatment options such as drugs like CNS stimulants is further expected to enhance the market growth of central nervous system (CNS) stimulant drugs across the region. With an upsurge in the demand for drugs, the market demand for central nervous system (CNS) stimulant drugs is likely to fuel to increase in the cultivation of coca bush.
Key Market Players
The major players in the global central nervous system (CNS) stimulant drugs market report are :
- GlaxoSmithKline Plc
- Novartis AG
- Pfizer Inc.
- Teva Pharmaceutical Industries Ltd.
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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