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.
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients