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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Lifestyle drugs are the medicines that are used to treat lifestyle illness. These are the diseases that rise from our lifestyle choices, which include baldness, impotence, wrinkles, alcoholism or smoking. These conditions are mostly non-threatening and non-painful. Over-the-counter lifestyle drugs can be used to change not only one's appearance, but also one's physical and mental abilities.

Some examples of lifestyle drugs include Viagra (sildenafil citrate), which is used for erectile dysfunction, Latisse and Botox are used as cosmetic related drugs, Provigil (modafinil) used to enhance energy and focus, Yaz and Levora are the U.S. Food and drug administration approved birth control drugs, and Zyban or Chantix are smoking cessation drugs.

Global Lifestyle Drugs Market – Dynamics

The increasing product launches and approvals are expected to boost global lifestyle drugs market growth. For instance, on April 16, 2021, Mayne Pharma released a statement that the U.S. Food and Drug Administration (FDA) approved its Nextstellis, a contraceptive pill that contains E4, a naturally occurring estrogen, has an unusual mechanism of action that maybe more beneficial than other estrogens. Mayne Pharma is dedicated in creating new oral drug delivery systems to produce and distribute branded generic pharmaceuticals, offering better and more accessible medications to the patients.

The increase in use of tobacco and cigarettes among people is expected to drive the global lifestyle drugs market growth. For instance, according to the U.S. Centers for Disease Control and Prevention (CDC), in 2019, cigarettes were smoked by 14.0% of all adults (34.1 million people): 15.3% of men and 12.7% of women and every day, around 1,600 young people try their first cigarette in the U.S.

Rising mergers, agreements, and acquisitions by market players are expected to propel the global lifestyle drugs market over the forecast period. For instance, on  January 23, 2020, Greenstone, Upjohn's U.S.-based generics business and a wholly owned subsidiary of Pfizer Inc., and Roman, an innovative digital healthcare clinic for men, officially confirmed a purchase agreement that will provide Roman members with access to the only the U.S. FDA-approved generic form of Viagra (sildenafil citrate). These factors are expected to support global lifestyle drugs market growth over the forecast period.

Global Lifestyle Drugs Market – Regional Insights

Among regions, North America is expected to account for the largest share in global lifestyle drugs market during the forecast period, owing to the rising cases of obesity. For instance, according to the Centers for Disease Control and Prevention, the adult obesity rate in 2019 was 42.4%, which was probably the first time when the national rate surpassed the 40% mark and demonstrated the obesity crisis of the U.S.

Moreover, due to rising collaborations and sales partnerships, Europe region may witness a lucrative growth in global lifestyle drugs market over the forecast period. For instance, on May 3, 2018, Biesterfeld Spezialchemie expanded its extensive product portfolio and strengthened its sales partnership with Sytheon in Europe by adding a unique range of proprietary and patented active ingredients for the cosmetics industry. The areas of expertise primarily address acne, skin ageing, sun protection, and skin hydration. One of the active ingredient, SytenolA is a natural alternative to retinol that has much better skin tolerance, hydrolytic stability, and no photo toxicity. It functions as an anti-oxidant and is ideal for acne-prone skin and anti-aging products. Biesterfeld Spezialchemie GmbH is a leading, global marketer and distributor specialty chemicals in the fields of lifesicene, etc. Sytheon Ltd. is a supplier of active ingredients and an influencer in the personal care industry. These factors are expected to support global lifestyle drugs market growth over the forecast period.

Global Lifestyle Drugs Market    – Taxonomy

By Drug Class:

  • Phosphodiesterase (PDE) Inhibitors
  • 5-Alpha Reductase Inhibitors
  • Vasodilators
  • Prostamides
  • Neuromuscular Blocker
  • Stimulants
  • Contraceptives
  • Antidepressants

By Application:

  • Erectile Dysfunction
  • Baldness
  • Anti-ageing
  • Smart Drugs & Cognitive Enhancers
  • Energy Medication
  • Birth Control
  • Obesity
  • Smoking Cessation
  • Others

By Dosage Form:

  • Tablets
  • Oral Syrups
  • Gels
  • Creams
  • Parenteral
  • Chewing Gums

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Global Lifestyle Drugs Market – Competitive landscape

Key players operating in the global lifestyle drugs market include Pfizer Inc, Biesterfeld Spezialchemie GmbH, Roman Inc, Sytheon Ltd., Unilever plc, Johnson & Johnson, Neutrogena Corporation, Oriflame cosmetics, Eli Lily &co, Novo Nordisk A/S, AstraZeneca plc. GlaxoSmithKline plc., and Allergan plc.

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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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