A Billion-Dollar Boom in Performance Enhancing Drug Motivates the Market Leaders

Posted by vinit sawant on April 23rd, 2021

Market Highlights

Performance enhancing drugs are the chemical agents that are used to enhance the athletic performance. The use of such drugs induces various effects on the body of the recipient, which includes muscle enlargement, increased blood’s oxygen carrying capacity, and many others. Majority of the performance enhancing drugs are used as ergogenic aids.

However, nootropic class of performance enhancing drugs are used to improve mental abilities. In 2015, according to Health Research Funding, ~1,084,000 Americans were reported to use anabolic performance enhancing drugs. Approximately 57% of the steroid users said that they wold continue to use steroids even if it shortens there life. Such trends in the usage and acceptance of the performance enhancing drugs are projected to drive the market growth during the forecasted period.

The global performance enhancing drugs market size is expected to grow at an approximate CAGR of 4.8% during the forecast period. 

Segmentation

The global performance enhancing drugs market size is segmented on the basis of types, products, and end users.

On the basis of types, the market is segmented into ergogenic aids, nootropic, and others. The ergogenic aids segment by types is sub-segmented into anabolic steroids, dehydroepiandrosterone (DHEA), human growth hormone, and others. The nootropic segment by types is further segmented into racetams, ampakines, choline & acetylcholine intermediates, and others. On the basis of the products, the market is categorized into pills, injections, patches, and others. On the basis of the end users, the market is segmented into athletes, body builders, students, militaries, and others. 

Key Players

The key players for the global performance enhancing drugs market are Taj Pharmaceuticals Limited. (India), Balkan Pharmaceuticals. (Europe), Bayer AG (Europe), AstraZeneca (Europe), Novo Nordisk A/S (Europe), BrainAlert, LLC (U.S.), Douglas Laboratories. (U.S.), Onnit Labs, LLC. (U.S.), Eli Lilly and Company. (U.S.), and others. 

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vinit sawant

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vinit sawant
Joined: July 4th, 2019
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