Central Nervous System (CNS) Stimulant Drugs Market Size

Central Nervous System (CNS) Stimulant Drugs Market Analysis

The central nervous system (CNS) stimulant drugs market is expected to register a CAGR of 5.5% over the forecast period.

• The COVID-19 pandemic substantially impacted the central nervous system (CNS) stimulant drugs. With the outbreak of COVID-19, the central nervous system stimulant drugs market experienced a decrease in its growth. With the increasing number of COVID-19 cases worldwide, healthcare services diverted all resources toward patients suffering from COVID-19 disease. Although COVID-19 severely affected the respiratory system, it was reported to have shown effects on central and peripheral systems.
• Supply chain disruption, government-imposed lockdowns, and trade bans in several countries significantly impacted the market of CNS stimulant drugs. The COVID-19 pandemic had three significant effects on the global market for major nervous system stimulant drugs: it directly affected the production and demand of central nervous system (CNS) stimulant drugs, it disrupted distribution channels, and it had a financial impact on firms and financial markets. However, during the pandemic, remote consultation emerged, which enabled doctors to assess ADHD patients.
• For instance, a European Child & Adolescent Psychiatry in February 2023 highlighted the potential of remote technologies to evaluate attention deficit hyperactivity disorder (ADHD) in children and adolescents. In the post-pandemic phase, COVID-19 cases decreased, and treatment for other diseases resumed. This has rebounded the growth pace of the central nervous system (CNS) Stimulant Drugs market as it was in the pre-pandemic phase. Thus, the COVID-19 outbreak impacted the market's growth in its preliminary stage. Moreover, the market is expected to grow at an average pace with the resumption of treating other diseases, including ADHD, sleeping disorders, and others.
• The significant factor attributing to this market's growth is CNS disorders such as sleep apnea, narcolepsy, and attention-deficit hyperactivity disorder, which have witnessed a substantial rise in recent years. According to a study published in the American Thoracic Society in 2022, obstructive sleep apnea (OSA) has a global prevalence of over 22.6%. The expanding senior population significantly impacts the CNS stimulant drugs market. The aged individual has a high risk of developing central nervous system issues such as sleeping disorders, ADHD, and others, which require CNS stimulant drugs for their effective management. Over 20% of the elderly population have a state of sleep apnea and daytime sleepiness.
• For instance, according to Sleep Care Online, the shape of sleep apnea in elderly patients aggravates the pre-existing medical conditions common in older patients, including hypertension, cardiovascular issues, and diabetes. For instance, as per the data published by Vikaspedia in 2021, the proportion of the elderly population has been increasing over several years, and it increased to 10.1% in 2021, which is further anticipated to increase to 13.1% by 2031. Thus, the expanding geriatric population is anticipated to boost the demand for CNS stimulant drugs, which will boost the growth of the market in the coming years.
• Therefore, owing to the factors above, the studied market is anticipated to grow over the analysis period. However, numerous side effects of drugs are expected to hinder the market's growth during the forecast period.