Oxiracetam is a nootropic drug and a part of the racetam family. It is one of the brain-booster and most popular nootropics. It is used to treat cognitive deficits of cerebrovascular origins and has the mild stimulant capability. The nootropic drug is well-known for its ability to boost mental energy, cognition, and memory. It is available in the form of injection and capsule. Injection form is widely used for stroke patients whose memories were affected, while the oral form is used for patients with Alzheimer's disease.
The "Global Oxiracetam Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the oxiracetam market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading oxiracetam market players and offers key trends and opportunities in the market.
Based on type, the global oxiracetam market is segmented into injection and capsule.
On the basis of application, the market is bifurcated into hospital, drug store and others.
MARKET DYNAMICS Drivers
Rising demand for brain boosters and high consumer awareness about brain health is anticipated to drive the growth of the oxiracetam market.
The rising prevalence of Alzheimer's disease, dementia, and other neurological problems boosts the market growth.
Factors such as the increasing aging population, alcohol and drug abuse, and other trauma resulting in short memory fuel the demand of the oxiracetam market.
Growing research and development activities and product innovation propel market growth.
Side effects such as elevated blood pressure (hypertension).
Hesitation to visit neurologist or psychiatrist in developing countries.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The oxiracetam market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the oxiracetam market in these regions.
IMPACT OF COVID-19 ON OXIRACETAM MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The pharmaceutical industry faced many challenges arising from disruption in supply chains, import and export of pharmaceuticals, and business shutdowns that affected each and every market. Furthermore, the worldwide lockdown created a stepping down approach for manufacturers. Although with new regulations and changed policies, the market may experience growth in the future.
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The report covers key developments in the oxiracetam market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from oxiracetam market are anticipated to have lucrative growth opportunities in the future with the rising demand for oxiracetam in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the oxiracetam market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Hunan Jianlang Pharmaceutical Co.,Ltd
Luna chemicals Co., Ltd
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