LIFESTYLE DRUGS MARKET ANALYSIS

Lifestyle Drugs MarketSize and Trends

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 may be 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.