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Performance-enhancing drugs are substances intended to improve performance in athletic activities. Muscle development and increase in oxygen-carrying capacity of the blood are a few of the important impacts instigated by the utilization of performance-enhancing drugs. As per the Health Research Funding, in 2015, approximately 1,084,000 people in North America were found to include performance-enhancing drugs in their daily routine for some reason. Along with such a pattern of the utilization of performance-enhancing drugs, rising adoption is driving the performance-enhancing drugs market currently. Approximately 57% of the steroid consumers mentioned that they would keep on using steroids regardless of whether it shortens their lifespan. In addition, rising utilization of performance-enhancing drugs, also called anabolic steroids, for the treatment of disease conditions is projected to fuel the performance-enhancing drugs market in the near future. These conditions include weakness associated with anemia and certain types of breast malignancy.

The performance-enhancing drugs market is anticipated to expand at the maximum pace in developed countries with high per capita income, where these drugs are also employed for the treatment of breast cancer. The utilization of these medications leads to different adverse reactions. A few of the most common adverse reactions among men are decreased sperm generation and acne. In women, the most commonly found adverse reactions are masculinization and cardiac arrest. Additionally, as indicated by the Health Research Funding, the level of positive tests for anabolic medications doping in the world was around 50.6% in 2014. Such instances of doping forced the legal authorities to take steps and form strict rules regarding the sale and consumption of performance-enhancing drugs. This factor is estimated to restrict the performance-enhancing drugs market in the near future.

The global performance-enhancing drugs market can be segmented based on type of drug product, dosage form, and end-user. Based on type of drug product, the performance-enhancing drugs market can be segmented into nootropic, ergogenic aids, and others. The nootropic segment can be sub-segmented into ampakines, racetams, choline & acetylcholine intermediates, and others. The ergogenic aids segment can be sub-divided into dehydroepiandrosterone (DHEA), anabolic steroids, human growth hormone (HGH), and others. Based on dosage form, the global performance-enhancing drugs market can be classified into tablets, injections, patches, pills, and others. Based on end-user, the performance-enhancing drugs market can be divided into body builders, athletic persons, military professionals, students, and others.

Geographically, the global performance-enhancing drugs market has been segregated into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominates the global performance-enhancing drugs market followed by Europe. The U.S. and Canada hold a major share of the market in the region, as these are developed countries with high per capita income. Growth of the market in Europe is attributable to increased research and development activities and easy adoption of performance-enhancing drugs in the region. On the other hand, the market in Asia Pacific is expected to expand rapidly during the forecast period, owing to rising awareness about fitness, presence of continuously developing economies, and immense growth opportunities in the region. The market in Middle East & Africa is expected to witness sluggish growth during the forecast period, due to poor economy of the Africa sub-region.

The global performance-enhancing drugs market is dominated by key players such as Balkan Pharmaceuticals, AstraZeneca, BrainAlert, LLC, Taj Pharmaceuticals Limited, Novo Nordisk A/S, Eli Lilly and Company, Douglas Laboratories, and Bayer AG.

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Performance Enhancing Drugs Market