Albany, NY -- (SBWIRE) -- 10/22/2018 -- 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.
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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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