Report Code: A13368 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Lifestyle Drugs Market
Request Now !Lifestyle drugs are the type of medications used in the treatment of non-threatening and non-painful condition such as baldness, erectile dysfunction, acne, and others. Non-medical problems and minor medical conditions can be treated with help of this drugs. Main goal of this drug is to improve quality of life and maintain healthy lifestyle. Moreover, these drugs are used in eliminating the chronic life style habits such as alcohol and smoking consumption. Hair loss reduction agents, smoking withdrawal, fat burner, anti-wrinkle drugs, and others are the types of lifestyle drugs.
COVID-19 Impact Analysis
COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industry is expected to witness a significant growth in the future owing to the demand for vaccine and treatment drugs for COVID-19. This in turn is expected to have a significant impact on the lifestyle drugs market.
Top Impacting Factors
Market Trends
New Product Launches to Flourish the Market
In 2021, Pacific Nature announced launch of vitamin and supplement product launch. This product is named as EpiCor which help to fulfil daily requirement of vitamins and minerals.
In 2021 Huel launched vegan protein powder. This powder is word’s first complete nutritional vegan protein powder which help to fulfil daily requirement of protein in vegan population.
In 2019, Dr. Reddy’s announced launch of Tadalafil product in U.S. market. This drugs is used in treatment of erectile dysfunction.
In 2018, Glenmark announced launch of hair loss treatment product named as Nourkrin in Russia. This product is used to stop hair loss in adults & aged persons.
Key Benefits of the Report
Questions Answered in the Lifestyle Drugs Market Report
Lifestyle Drugs Market Report Highlights
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Key Market Players | BMS, Dr. Reddy's Laboratories., Biocon Limited, Valeant Pharmaceuticals, Sanofi, Johnson and Johnson, AstraZeneca,, Pfizer, Eli Lilly, Novartis, Allergan, Merck, Galderma, Amgen Inc., Teva Pharmaceutical Industries Ltd. |
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