World Lifestyle Drugs Market to Grow at 2.87% CAGR to 2021
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ReportsnReports.com adds Global Lifestyle Drugs Market 2017-2021 latest research report; the analysts forecast global lifestyle drugs market to grow at a CAGR of 2.87% during the period 2017-2021. --
According to the global lifestyle drugs market report, one driver in the market is the lifestyle changes. Lifestyle changes such as physical inactivity, stress, consumption of fast foods, and limited intake of water can lead to the development of acne. Research studies report that people who are physically inactive are prone to develop insulin resistance compared with active individuals.
Complete report on lifestyle drugs market spread across 91 pages, analyzing 4 major companies and providing 51 data exhibits are now available at http://www.reportsnreports.com/reports/917357-global-lifestyle-drugs-market-2017-2021.html
The global lifestyle drugs market was valued at USD 29 billion in 2016 and is expected to surpass USD 34 billion by 2021.
Insulin resistance leads to the production of higher levels of sebum in the skin, resulting in acne development. Research studies also put forth that excess insulin can increase the levels of androgens in the body. High levels of androgens also lead to an increased production of sebum in the skin, resulting in acne development.
The following companies are the key players in the global lifestyle drugs market: Allergan, BMS, Eli Lilly, and Pfizer. Other prominent vendors in the market are: Acerus Pharmaceuticals, Alkermes, Amorepacific, AndroScience, Anterios, AstraZeneca, Avanir Pharmaceuticals, Avolynt, Celtaxsys, Cerecor, Corcept Therapeutics, Cosmo Pharmaceuticals, CTC Bio, Dermira, Dong-A ST, Euthymics Bioscience, Foamix, Follicum, Forendo Pharma, Futura Medical Developments, Galderma, Hanmi Pharmaceutical, Incyte, Intrepid Therapeutics, Ion Channel Innovations, iX Biopharma, Johnson & Johnson, Legacy Healthcare, LEO Pharma, H. Lundbeck, Luye America Pharmaceuticals, Merck, Minerva Neurosciences, MSI Methylation Sciences, Neuralstem, Novan, Novartis, Novo-Nordisk, Palatin Technologies, Paratek Pharmaceuticals, Photocure, Revance Therapeutics, Rhythm Pharmaceuticals, S1 Biopharma, Sage Therapeutics, Samumed, Sanofi, Sigma-Tau Pharmaceuticals, Strategic Science & Technologies, Sumitomo Dainippon Pharma, Takeda, TetraLogic Pharmaceuticals, TherapeuticsMD, Valeant Pharmaceuticals, VistaGen Therapeutics, VIVUS, XBiotech, Yuhan, and Zafgen. Order a copy of Global Lifestyle Drugs Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=917357
One trend in the lifestyle drugs market is the increase in M&A. The lifestyle drugs market has been witnessing an increase in M&A, which will lead to further consolidation. The vendors are pursuing inorganic growth strategies such as acquisitions and/or partnerships to expand their lifestyle drugs portfolio and to improve their presence in the market. For instance, in August 2015, Allergan completed the acquisition of Naurex. The acquisition enhanced Allergan's portfolio of depression drugs with the addition of rapastinel, a Phase III-ready molecule that demonstrated rapid and sustained efficacy in multiple Phase II clinical studies in depression. With the patent expires in the market place, vendors are also looking to enhance their portfolio through acquisition of generics.
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Further, the lifestyle drugs market report states that one challenge in the market is the patent expiries. The market is currently dominated by key drugs, namely Cymbalta by Eli Lilly, Abilify by Bristol Myers Squibb (BMS), Cialis (tadalafil) by Eli Lilly, Staxyn/Levitra (vardenafil) by Bayer, and Viagra (sildenafil citrate) by Pfizer. The depression drugs such as Cymbalta witnessed a patent expiry in 2013. Due to the patent expiry, Cymbalta reported a YoY decline of 36.36% in 2015. Also, Abilify reported a YoY decline of 63.07% in 2015 due to patent expiration in the US and EU. In addition, the erectile dysfunction drugs Viagra (approved in 1998), Cialis (approved in 2003), Staxyn/Levitra (approved in 2003) drugs were approved long back, and their patents are nearing expiration in the next few years.
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