Erectile Dysfunction Drugs Market Overview 2024 - 2033
Erectile Dysfunction Drugs Market is projected to grow to be worth USD 4,348 million in 2023. Based on a linear trend of market expansion, the market is expected to increase at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2033, reaching USD 7,237 million.
Erection dysfunction is the inability to get or keep an erection strong enough for sexual activity. Sometimes it's referred to as impotence. However, this expression is losing its traction. It is not unusual to have erectile dysfunction in rare circumstances. For guys, it's a typical reaction to stress. Periodic erectile dysfunction could indicate underlying medical issues that require attention. It could also indicate emotional or relational issues that require medical attention. Erectile dysfunction may result from problems that arise during the erection process. During an erection, more blood flows to the penis. Sexual thoughts or direct contact with the penis frequently cause blood flow to increase.
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COVID 19 Impact:
The COVID-19 pandemic raised the market for erectile dysfunction medications, which raised revenue. The University of Pittsburgh School of Medicine reports that sales of erectile dysfunction medications increased significantly in 2020 as a result of government-mandated lockdowns. In the US, the most widely prescribed drug for erectile dysfunction is Cialis (tadalafil). The accessibility of ED drugs is one of the other factors driving market expansion. Many medications are presently used to treat erectile dysfunction, including avanafil (Stendra), vardenafil (Levitra, Staxyn ODT), tadalafil (Adcirca, Cialis), and sildenafil (Revote, Viagra).
Erectile Dysfunction Drugs Market Factors:
Physical causes: Heart disease, diabetes, high blood pressure, obesity, hormone imbalances, and injuries are a few examples of these. Other lifestyle factors that may be involved include smoking, binge drinking, and inactivity.
Psychological Causes: Sexual performance can be impacted by marital problems, stress, anxiety, and depression. In particular, performance anxiety might start an ED cycle.
Medication: A number of drugs, particularly those used to treat depression or high blood pressure, can either induce or exacerbate ED.
Neurological Conditions: Conditions that impair blood flow and nerve function, such as multiple sclerosis or Parkinson's disease, can have an impact on erections.
Market Trends:
Some of the factors propelling the market for erectile dysfunction (ED) treatments are the aging population, the strain of a sedentary lifestyle, and the link between ED and heart disease and diabetes. The risk factors for erectile dysfunction are smoking, drinking alcohol, and leading a sedentary lifestyle. A study that was published in BMC Endocrine Disorders found that poor glycaemic control, age, alcohol consumption, and the duration of diabetes were all predictive variables for erectile dysfunction. The market is being driven by causes such as erectile dysfunction, which has been associated with poor glycaemic control, aging, diabetes, and alcohol consumption.
When compared to Viagra, which normally costs approximately USD 70 per pill, depending on the dose, generic sildenafil is frequently sold for far less money. Therefore, the market may grow and prescription rates may rise if reasonably priced medications become more widely available. As people age, the prevalence of ED is notably increasing because of comorbid conditions like diabetes, obesity, and other conditions. Infections caused by hormonal, neurological, vascular, and drug-related factors are also more common in men.
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Market Drivers:
Drivers:
Rising popularity of nicotine. The global demand for erectile dysfunction medications is rising as the world's population ages and chronic illnesses like kidney failure, hormone imbalance, diabetes, hypertension, and neurological issues become more common. Furthermore, growing patient knowledge of erectile dysfunction and therapy availability have a significant impact on the global growth of the erectile dysfunction drugs market.
Restriction:
Patent Expiration- The global market is falling due to the patent expiration of major blockbuster medications like Viagra.
Opportunities:
Generic Manufacturers- The patent expiration opens up a substantial opportunity for generic producers to enter the erectile dysfunction medicine market. Furthermore, businesses at various phases of the market are projected to create considerable potential in the worldwide erectile dysfunction drugs market.
Market Segments:
Market, By Drugs:
- Viagra
- Cialis
- Standard
- Zayden
- VI taros
Market, By End Users:
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
Market, By Drugs:
With approximately 38% of the erectile dysfunction drug market in 2022, Viagra is one of the top medications. Many things contribute to its domination. Above all, Viagra is renowned for its exceptional efficacy in treating erectile dysfunction, providing numerous patients with a dependable remedy. It is also well-tolerated, which makes it a safer option for people who might be worried about adverse consequences. Furthermore, compared to other treatments, the cost of Viagra is cheap, making it accessible to a wider demographic.
A significant benefit of Viagra is its high level of brand awareness. Ever since it hit the market, Viagra has been a household name and a reliable erectile dysfunction medication. Because of its solid reputation, Viagra has been able to maintain your market leadership and draw in new clients.
Leading Market Players in the Erectile Dysfunction Drugs Market:
- Alameda
- Cipla Ltd
- Bayer AG
- Tewa Pharmaceutical Industries Ltd
- Sanofi
- Sun Pharmaceutical Industries Ltd
- Glen mark Pharmaceuticals Limited
- Pfizer Inc.
- Virus LLC.
- Eli Lilly and Company
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The Business Research Company’s Erectile Dysfunction Drugs Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.The Business Research Company published its Drugs For Erectile Dysfunction Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global drugs for erectile dysfunction market.
The report covers the drugs for erectile dysfunction market’s segments- sildenafil citrate, mirodenafil, vardenafil, hospital pharmacies, retail pharmacies, online pharmacies, oral, topical, and injections.Read Full Report @ https://www.thebusinessresearchcompany.com/report/drugs-for-erectile-dysfunction-global-market-reportDrugs For Erectile Dysfunction Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 50+ geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
