Growth Projected at a Rapid Pace over the Forecast Period for Lifestyle Drugs Market
A recent report published by Infinium Global Research on lifestyle drugs market provides an in-depth analysis of segments and sub-segments in the global as well as regional lifestyle drugs industry
Pune, India -- (SBWire) -- 12/02/2019 --Infinium Global Research has recently published a report on the "Lifestyle Drugs Market (Therapeutic Type - Obesity, Women's Health, Insomnia, Sexual Dysfunction, Dermatology, Smoking, and Other Therapeutic Types; Form - Tablets, Gels, Parenteral, Creams, Oral Syrups, and Other Forms; Distribution Channels - Hospital Pharmacies, Retail Pharmacies, and Online Channels): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025." The global lifestyle drugs market is projected to grow at a CAGR of 7.1% over the forecast period of 2019-2025.
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Lifestyle Drugs Market Anticipated Growth at a Substantial Rate Over the Forecast Period
The change in lifestyle particularly in the urban society gave rise to the marketing of lifestyle drugs. The lifestyle drugs market is a highly fragmented market with robust growth opportunities. The key players in the lifestyle drugs market are Pfizer Inc., Procter & Gamble Company, Eli Lilly and Company, Merck & Co., Inc., d.b.a., AstraZeneca plc, Johnson & Johnson, GlaxoSmithKline plc, Teva Pharmaceutical Industries Ltd., Amgen Inc., Biocon Limited, and Dr. Reddy's Laboratories among others.
Lifestyle Drugs Market Driven on the Basis of Growing Obesity and Changing Lifestyle
The changing lifestyle habits acts as a major driver for the growth of the lifestyle drugs market. This has led to an increase in obesity, erectile dysfunction, infertility and several others. Furthermore, the growing investments by the major pharma players as well as the increasing number of advertisements are increasing the use of lifestyle drugs. Additionally, the expiry of patented drugs are also anticipated to create huge growth opportunities in the market. However, counterfeit products may hamper the growth of the lifestyle drugs market. Moreover, increasing research and development is anticipated to create fruitful opportunities for the growth of the lifestyle drugs market.
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Lifestyle Drugs Market Surging Due to Sub Segment of Online Channels
The report on the global lifestyle drugs market is bifurcated into therapeutic type, form, and distribution channels. Based on the therapeutic type, the markets are further bifurcated into obesity, women's health, insomnia, sexual dysfunction, dermatology, smoking, and other therapeutic types. Based on form, the markets are further divided into tablets, gels, parenteral, creams, oral syrups, and other forms. Based on distribution channels, the markets are further classified into hospital pharmacies, retail pharmacies, and online channels. Among these distribution channels, the hospital pharmacies segment held a major market share in the lifestyle drugs market in 2017. However, online channels are growing at a rapid pace in the lifestyle drugs market.
Lifestyle drugs Market: Regional Insight
North America holds the largest share in the global lifestyle drugs market. The U.S. is the key country that contributes to the largest revenue in the North America lifestyle drugs market as a large part of the population is affected by lifestyle conditions. They are also the leading consumers of lifestyle drugs owing to the high disposable income and increased spending capacity on healthcare. In addition, favorable reimbursement policies by U.S. healthcare centers contribute heavily to the growth of the lifestyle drugs market. Furthermore, Asia Pacific is expected to grow at the highest CAGR over the forecast period owing to the growing prevalence of lifestyle diseases.
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Reasons to Buy this Report:
Comprehensive analysis of global as well as regional markets of lifestyle drugs.
Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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