LONDON, Sept. 23, 2022 /PRNewswire/ — According to the report published by Brandessence Market Research, the Erectile Dysfunction Drugs Market generated $2319.8 million in 2021, and is projected to reach $4079.9 million by 2028, growing at a CAGR of 8.4% from 2021 to 2028.
Global Erectile Dysfunction Drugs Market Size, Share & Trends Analysis Report By Drug (Cialis, Stendra/Spedra, Staxyn/Levitra, Viagra), By Distribution Channel (Hospital Pharmacies, Online Pharmacies, Retail Pharmacies), Based On Region, And Segment Forecasts to 2022–2028, Increasing number of erectile dysfunctions, rising geriatric population, and growing number of chronic diseases are some of the major factors driving the growth of the Global Erectile Dysfunction Drugs Market.
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Erectile Dysfunction Drugs: Market Scope
The global erectile dysfunction drug market demand is going to see a large amount of growth in the coming years. the growth rate is going to be high due to the increase in burden of the lifestyle diseases and the rise in adoption of a sedentary lifestyle where the incidences of the erectile dysfunction are increasing all over the world. As per the World Health Organization, a huge portion of the male population was affected by the illness each year. Therefore, there is an increase in the disease prevention drugs is going to be imminent.
Erectile Dysfunction Drugs: Competitive Analysis
The pandemic too has had an important impact on the market. For those wanting to know how many drugs are on the market for erectile dysfunction, there are companies manufacturing drugs such as sildenafil (Revatio, Viagra), vardenafil (Levitra, Staxyn), tadalafil (Adcirca, Cialis), and avanafil (Stendra) in addition to a few others.
Some of the important companies in the market are Pfizer Inc., Eli Lilly and Company, Teva Pharmaceutical Industries Ltd, Sanofi, Sun Pharmaceutical Industries Ltd, Bayer AG, Petros Pharmaceuticals, Inc., VIVUS, Inc., Auxilium Pharmaceuticals, Inc. and Adamed. The companies are working on their product innovation and maintaining their health standards so that no recalls happen in the future.
On the basis of dose, the generic sildenafil is among the most dominant medication as it is frequently offered for a cost lesser than Viagra. Hence, the availability of the medications might lead to higher rates of prescription and the expansion of the market. As the prevalence of this disease is increased with the age because of the co-morbid conditions such as obesity, diabetes among others. The people with hormonal, medication, neurological and other illnesses are at a higher risk of this disease and they are leading to the erectile dysfunction drugs market growth.
The people who have diabetes which are in the low or the middle-income nations are going to face this difficulty quite a lot. The growth of the market is going to be hampered by a lack of the healthcare infrastructure and the manufacturing mistakes. There are recalls of the generic drugs which is happening due to the fault in production. This kind of recall will have a gap in the supply of the drugs which are used for treating erectile dysfunction.
Petros Pharmaceuticals Launched Two Self-Selection Studies for Erectile Dysfunction Drug STENDRA (avanafil)
On January 18th, 2022; Petros Pharmaceuticals, Inc., a leading provider of therapeutics for men’s health, initiated two self-selection studies for its erectile dysfunction (ED) drug STENDRA (avanafil). The results of these studies lead to potential over-the-counter (OTC) status for STENDRA (avanafil) in the US It is part of a more comprehensive data package the company plans to submit to the Food and Drug Administration (FDA).
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Increasing Number of Erectile Dysfunctions, Rising Geriatric Population, and Growing Number of Chronic Diseases are Some of the Major Factors Driving the Market Growth
One of the major factors driving the growth of the erectile dysfunction drug market is the increasing number of erectile dysfunctions (ED). Due to the increase in adopting a poor lifestyle, diabetes, obesity, and cardiovascular diseases are on the rise, leading to problems like ED as people age. The current lifestyle of young people in many emerging countries is very stressful, resulting in increased consumption of alcohol, smoking, and fast food or prepared food. Due to these factors, overall health and fitness are compromised which increases the chances of ED. Moreover, as the elderly population increases, so does the number of ED patients, which is a significant driver of the global erectile dysfunction drugs market throughout the forecast period. Forinstance; According to Johns Hopkins Medicine, by 2025, the prevalence of ED is estimated to be approximately 322 million worldwide.
Erectile Dysfunction Drugs: Segmentation Analysis
The other segment is going to be expected to witness the lucrative growth in the market in the coming years because of the larger base of applications and availability of the ED medicines such as the Mvix (mirodenafil) and Helleva (lodenafil carbonate) among others. These are used for treating adult patients with erectile dysfunction. Increase in the approval of the over-counter ED products offer the easy access to the patients of the disease. Innovation is going to be at the forefront of the market growth.
By Distribution Channel
- Hospital Pharmacy
- Online Pharmacy
- Retail Pharmacies
Erectile Dysfunction Drugs: Regional Analysis
The North American region has been dominating the market due to the presence of most companies in the market and the growth of a sedentary lifestyle. However, it is going to be the Asian-Pacific market is going to be the highest growing market because the region is going to see the cases of diabetes which causes this illness and increases the erectile dysfunction drugs market size.
On Special Requirement Erectile Dysfunction Drugs Market Report is also available for below region:
- Germany, France, UK, Italy, Spain, Sweden, Netherlands, Turkey, Switzerland, Belgium, Rest of Europe
- South_Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
- Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
Middle East and Africa
- saudi arabiaUAE, Egypt, South Africa, Rest of MEA
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