Lifestyle style drugs are medicines used to treat lifestyle illnesses or habits such as smoking, alcoholism or unhealthy diet habits. In general, lifestyle medicines are designed to improve person's quality of life by treating conditions that are not lethal or non-painful which include baldness, wrinkles, impotence, acne, weight loss, insomnia, and others. Over the past few years, lifestyle drugs have become commercially attractive and one of the most dynamic industries across the globe.
MARKET SCOPE
The "Global Lifestyle Drugs Market Analysis to 2028" is a specialized and in-depth study of the pharmaceuticals industry with a special focus on the global market trend analysis. The report aims to provide an overview of the lifestyle drugs market with detailed market segmentation by type, form, end use, and geography. The report provides key statistics on the market status of the leading lifestyle drugs market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-Based on type, the global lifestyle drugs market is segmented into obesity, women's health, insomnia, sexual dysfunction, dermatology, smoking.
-On the basis of end form, the market is segmented into tablets, gels, oral syrups, parenteral, creams, chewing gums
-On the basis of end use, the market is segmented into hospital pharmacies, retail pharmacies, drug stores, clinics, e-commerce/online pharmacies, others.
MARKET DYNAMICS
Drivers
- Growing demand for physical fitness.
- Rise in awareness regarding lifestyle diseases.
Restraints
- The lack of adequate reimbursement provision is the major restraining factor for this market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The lifestyle drugs market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the lifestyle drugs market in these regions.
IMPACT OF COVID-19 ON LIFESTYLE DRUGS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the lifestyle drugs market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from lifestyle drugs market are anticipated to lucrative growth opportunities in the future with the rising demand for lifestyle drugs in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the lifestyle drugs market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Allergan
-BMS
-Eli Lilly
-Galderma
-Merck
-Pfizer
-Novartis
-AstraZeneca
-Sanofi
-Valeant Pharmaceuticals
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.