Lifestyle Drugs Market Is Expected To Witness Significant Growth Due To Growing Demand for People to Maintain Physical Fitness with Enhanced Functioning Of Body Parts
Overview:
The term “lifestyle drug” is defined by the FDA as “any medication that improves a person’s physical, mental, and sexual functions.” This term may not be a complete one, but it gives an idea of the range of treatments that can be available for those who want to enhance their quality of life. These medications are aimed at conditions that would otherwise be treated with behavioral modification and personal changes. In the past, many minor ailments, like menstrual cramps, were considered minor conditions and have now been medicalized. Similarly, the development of women’s Viagra-like treatments is a major concern for pharmaceutical companies. This is why many lifestyle drugs are made for specific groups of individuals.
˜”*°•.˜”*°• 𝐂𝐡𝐫𝐢𝐬𝐭𝐦𝐚𝐬 𝐒𝐚𝐥𝐞 𝐢𝐬 𝐋𝐢𝐯𝐞 •°*”˜.•°*”˜
𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐨 𝐀𝐯𝐚𝐢𝐥 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐅𝐫𝐨𝐦 𝟐𝟓-𝟑𝟎% 𝐭𝐢𝐥𝐥 𝟑𝟏-𝐃𝐞𝐜-𝟐𝟎𝟐𝟏
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Market Dynamics:
Increasing adoption of lifestyle drugs by all age groups is expected to propel growth of the global lifestyle drugs market during the forecast period. The lifestyle drugs have become more popular as they are used for increasing aesthetic appeal. Whereas these drugs are usually used for cutting down the chronic lifestyle habits such as alcoholism and smoking to reduce the risk of getting major disorders such as lung cancer and liver failure. For instance, in May 2021, Teva Pharmaceuticals launched the first generic version of THIOLA (tiopronin) tablets, indicated in combination with alkali, high fluid intake, and diet modification for preventing cysteine (kidney) stone formation in adults and children 9 years of age and older.
However, lack of proper reimbursement provision and studies related to use and abuse of lifestyle drugs is expected to hinder growth of the global lifestyle drugs market during the forecast period.
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Impact of COVID-19:
The global lifestyle drugs market witnessed par growth during the COVID-19 pandemic. Implementation of nationwide lockdown policies and strict regulations on physical distancing negatively impacted the manufacturing sector. However, the demand for lifestyle drugs increased due to lockdown. As people stayed home for longer time, cases of obesity increased. The pandemic caused change in lifestyle of many people increasing the adoption of lifestyle drugs.
Key Takeaways:
- The global lifestyle drugs market is growing demand from people to maintain physical fitness with normal and enhanced functioning of all body parts. For instance, in June 2021, Novo Nordisk received approval of the U.S. Food and Drug Administration (FDA) for Wegovy, once-weekly semaglutide 2.4 mg injection for chronic weight management. It is indicated as an assistant to exercise and diet in adults with overweight or obesity.
- North America is expected to witness strong growth in the global lifestyle drugs market during the forecast period due to increasing cases of obesity in the region.
- Key players active in the global lifestyle drugs market are Dr. Reddy’s Laboratories, Johnson & Johnson, Teva Pharmaceuticals, Sun Pharmaceuticals, Cipla Limited, Pfizer, Inc., Astrazenecaplc, and Novo Nordisk.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Porter’s Analysis
- Industry Trends
- Key Highlights
- Epidemiology
- Reimbursement Scenario
- Regulatory Scenario
- Product Launch and Approvals
- Acquisition and Collaboration Scenario
- Market Dynamics
- Global Lifestyle Drugs Market – Impact of Coronavirus (Covid-19) Pandemic
- COVID-19 Epidemiology
- Impact of COVID-19 on Demand and Supply of Lifestyle Drugs products
- Impact of COVID-19 on the overall Healthcare Sector
- Global Lifestyle Drugs Market, By Product, 2017-2028 (US$ Billion)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Anthrax
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Billion)
- Small Pox
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Billion)
- Botulism
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Billion)
- Radiation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Billion)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Billion)
- Introduction
- Global Lifestyle Drugs Market, By End User, 2017 – 2028 (US$ Billion)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Billion)
- Ambulatory Care Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Billion)
- Research Organizations
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Billion)
- Military
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Billion)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Billion)
- Introduction
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