Erectile Dysfunction Drugs Market Overview
The most common problem found in men is erectile dysfunction. Erectile dysfunction refers to the non-functioning of sexual organs. This problem arises mainly due to the growing age. The more the man is getting old, the more problems he may face. The problems increase if the individual has medical issues like diabetes, hypertension, obesity, cardiovascular diseases, or chronic pulmonary diseases. Even though erectile dysfunction is a physical problem, it strongly affects the individuals’ thought process. Psychologically he becomes weak as he cannot disclose his problem openly due to shame, guilt, or ignorance. Sometimes he may not consider this problem seriously. The changing lifestyle, stressful life, alcoholism, smoking, and untimely intake of food, etc., increase the risk of erectile dysfunction.
Erectile dysfunction drugs help individuals having erectile dysfunction. The main reason for erectile dysfunction is following a bad lifestyle. The erectile dysfunction drugs market is growing at full speed as the number of individuals consuming these drugs is increasing day by day worldwide.
Like all other markets, even the erectile dysfunction drugs market was affected due to the pandemic situation- COVID’19. Several governments declared complete lockdowns, and several people died due to covid’19. Due to all these restrictions, the supply chain of the erectile dysfunction drugs market was affected and there was a decline in the market.
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Key Players
Some of the most renowned vendors in the market for erectile dysfunction drugs include Apricus Biosciences Inc., Cristalia Produtos Quimicos Farmaceuticos Ltd., Vivus, Inc., Pfizer, Inc., S.K. Chemicals Co. Ltd., Bayer AG, Teva Pharmaceutical Industries Ltd, Dong-A Pharmaceutical Co. Ltd., Meda Pharmaceuticals, Inc., Eli Lilly and Company, to name a few.
Segmental Analysis
The erectile dysfunction drugs market can be segmented on the product, distribution channel, and geography. Based on the product segmentation, it can be divided into Cialis (Tadalafil), Viagra (Sildenafil citrate), Zydena (Udenafil), Staxyn/Levitra(vardenafil), and Vitaros (Alprostadil cream). When distribution channel segmentation is considered, the erectile dysfunction drugs market can be further divided based on online, Hospital, and retail pharmacies. It can be divided into North America, Europe, Asia-Pacific, the Middle East, and Africa, South America based on geography segmentation.
Based on end-user, the global market for erectile dysfunction drugs has been segmented into hospital pharmacy, retail pharmacy, and online pharmacy. The retail pharmacy segment is projected to be the largest market because it is readily available in retail stores. The hospital pharmacy segment is projected to be the fastest-growing segment as an increasing patient pool due to increased awareness and patient education.
Regional Analysis
When geography segmentation is considered, the largest market is dominated by North America, followed by Asia-Pacific. Asia- Pacific is a growing market and has a bright future. Viagra is expected to dominate the erectile dysfunction drugs market in the coming years when product segmentation is considered. The effective outcome after using this product is successful. It is available in 25mg, 50mg, and 100 mg quantities.
Industry news
When analysed globally, the erectile dysfunction drugs market was expected to earn a revenue of 2948 million by 2026. Compared with the previous achievements of USD 3625 million in 2020, a clear -3.4% CAGR can be depicted. The main reason for this decline is the nonawareness of the seriousness of the disease. Sometimes, when many players are manufacturing the same product, the competition may dictate the erectile dysfunction drugs market. However, creating awareness of the disease and the healthcare products available in the market to cure it may increase the erectile dysfunction drugs market. A continuous effort in creating a good medicine to cure erectile dysfunction will increase the erectile dysfunction drugs market.
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