New study titled “Lifestyle Drugs Market: Global Industry Analysis and Forecast 2017 – 2025” presents a comprehensive regional assessment and detailed segmental analysis
Lifestyle Drugs are the group of drugs or medications prescribed for treating life style disorders such as erectile dysfunction, acne, aging symptoms baldness, wrinkles etc. Also lifestyle drugs treat the conditions such as obesity, alcoholism, smoking, insomnia etc. many lifestyle drugs are available at OTC products. Popularity of the lifestyle drugs have increased as these drugs are used for increasing aesthetic appeal. Whereas these drugs are used for eliminating the chronic life style habits such as smoking and alcoholism, thus reducing the chances of getting major diseases such as liver failure and lung cancer. Lifestyle drugs market comprises of different drugs for therapeutic areas such as obesity, insomnia, dermatology, sexual dysfunction and others. However these drugs are available in various forms such as creams, gels, lotions, tablets etc. depending upon the therapeutic usage of the drug.
Lifestyle Drugs market revenue is growing with a significant rate, this is attributed to increasing usage of the drugs for obesity. In addition to this, increasing prevalence of insomnia and stress leads to increase in the revenue growth of life style drugs market over the forecast period. Also increase in looks consciousness leads to increasing number of people visiting dermatologists for curing acne, baldness and wrinkles. Growing healthcare expenditure and increasing inclination of patients to opt for lifestyle drugs drives the revenue growth of lifestyle drugs market over the forecast period. Increasing number of new drug launches for various ailments also drives the market for lifestyle drugs market. However higher pricing of some life style drugs along with availability of alternative treatment plans such as yoga for obesity is expected to hamper the growth of the lifestyle drugs market over the forecast period.
The lifestyle drugs market is segment based on the therapeutic type, form and end user
Lifestyle drugs market is segmented into following types:
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By Therapeutic Type Obesity Women’s Health Insomnia Sexual Dysfunction Dermatology Smoking
By Form Tablets Gels Oral Syrups Parenteral Creams Chewing Gums
By End User Hospital Pharmacies Retail Pharmacies Drug Stores Clinics e-Commerce/Online Pharmacies
Lifestyle drugs market revenue is expected to grow at a good growth rate, over the forecast period. The market is anticipated to perform well in the near future due to increasing awareness regarding various lifestyle drugs available in the market. Also the market is anticipated to grow with a fastest CAGR over the forecast period, attributed to increasing health and looks consciousness which in turn drives the revenue growth of life style drugs market. Increasing investment in R&D and increasing number of new product launches, collaborations, strategic tie-ups are the major factors estimated to drive the revenue growth of lifestyle drugs market over the forecast period.
Depending on geographic region, the Lifestyle Drugs market is segmented into five key regions: North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA).
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North America is occupying the largest regional market share in the global lifestyle drugs market owing to the presence of more number of market players, high awareness levels regarding the use of various life style drugs. Increasing healthcare expenditure and relatively larger number of R&D exercises pertaining to product manufacturing and marketing activities in the region. Also Europe is expected to perform well in the near future due to increasing number of people opting for drugs to increase their aesthetic appeal which in turn drives the revenue growth of dermatology segment of lifestyle drugs market.
Asia Pacific is expected to grow at the fastest CAGR because of increase in the prevalence of sexual disorders, also increase in the prevalence of baldness and premature aging drive the revenue growth of lifestyle drugs market over the forecast period.
Some of the key players of lifestyle drugs market includes Allergan, BMS, Eli Lilly, Galderma, Merck, Pfizer, Novartis, AstraZeneca, Sanofi, Valeant Pharmaceuticals, and Johnson & Johnson etc. Many companies have entered lifestyle drugs market to target the untapped areas in the market. The companies in lifestyle drugs market are increasingly engaged in strategic partnerships, collaborations and promotional activities to capture a greater pie of market share as the market is in the nascent stage.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report covers exhaustive analysis on: Market Segments Market Dynamics Market Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies involved Technology Value Chain
Regional analysis includes North America (U.S., Canada) Latin America (Argentina, Mexico, Brazil, Rest of Latin America) Europe (Germany, Italy, France, U.K., Spain, Russia, Rest of Europe) Asia Pacific (China, India, Japan, Rest of APAC) Middle East and Africa (Rest of MEA, S. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights: Detailed overview of parent market Changing market dynamics in the industry In-depth market segmentation Historical, current and projected market size in terms of volume and value Recent industry trends and developments Competitive landscape Strategies of key players and products offered Potential and niche segments, geographical regions exhibiting promising growth A neutral perspective on market performance Must-have information for market players to sustain and enhance their market footprint.
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