The Drugs For Erectile Dysfunction Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Drugs For Erectile Dysfunction Global Market Report 2024, The drugs for erectile dysfunction market size has grown marginally in recent years. It will grow from $4.12 billion in 2023 to $4.17 billion in 2024 at a compound annual growth rate (CAGR) of 1.2%. The growth in the historic period can be attributed to introduction of pde5 inhibitors, pharmaceutical marketing and advertising, changing societal attitudes, rise in lifestyle-induced ed cases, generic medication availability.
The drugs for erectile dysfunction market size is expected to see marginal growth in the next few years. It will grow to $4.46 billion in 2028 at a compound annual growth rate (CAGR) of 1.7%. The growth in the forecast period can be attributed to focus on mental health integration, shift in consumer preferences, market expansion in emerging economies, regenerative medicine exploration, biopharmaceutical innovations. Major trends in the forecast period include development of novel therapies, increasing awareness and education, lifestyle changes and health awareness, telemedicine and online consultations, innovative delivery systems.
The drastic increase in the number of chronic diseases drives the erectile dysfunction drug market. Erectile dysfunction is mainly caused by chronic diseases resulting from a sedentary lifestyle such as cardiovascular diseases, diabetes, obesity, and high blood pressure. For instance, in September 2023, the World Health Organization (WHO) reported that chronic diseases kill 41 million people each year, equivalent to 74% of all deaths globally. Prevalence of chronic diseases increases the chances of erectile dysfunction among men, thereby driving the erectile dysfunction drug market.
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The drugs for erectile dysfunction market covered in this report is segmented –
1) By Drugs: Sildenafil Citrate, Mirodenafil , Vardenafil
2) By Mode of Administration: Oral, Topical, Injections
3) By End users: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
New drug delivery techniques such as the use of pellets and creams are being implemented by many companies in the erectile dysfunction drugs market. Pellets and creams will have more efficacy and performance in erectile dysfunction and these are also more effective and safer to use. These benefits from drug delivery techniques will increase the scope of the erectile dysfunction drug market. For example, In September 2022, Lupin, an India-based pharmaceutical company launched Sildenafil for oral suspension, 10 mg/mL with the approval of the United States Food and Drug Administration (FDA). This drug is for erectile dysfunction with unique dosages.
The drugs for erectile dysfunction market report table of contents includes:
1. Executive Summary
2. Drugs For Erectile Dysfunction Market Characteristics
3. Drugs For Erectile Dysfunction Market Trends And Strategies
4. Drugs For Erectile Dysfunction Market – Macro Economic Scenario
5. Global Drugs For Erectile Dysfunction Market Size and Growth
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31. Drugs For Erectile Dysfunction Market Other Major And Innovative Companies
32. Global Drugs For Erectile Dysfunction Market Competitive Benchmarking
33. Global Drugs For Erectile Dysfunction Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Drugs For Erectile Dysfunction Market
35. Drugs For Erectile Dysfunction Market Future Outlook and Potential Analysis
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