Erectile dysfunction is the incapability to maintain erection during sexual intercourse. It is also termed as impotence primarily caused by physical weakness .The three most common erectile dysfunction drugs available in the market are Viagra, Cialis, ED oral drugs and Levitra. The increasing number of chronic diseases such as hypertension, diabetes and coronary heart disease is expected to upsurge the number of erectile dysfunction patients and in turn increases the demand for the erectile dysfunction drugs. Increasing health awareness about the erectile dysfunction drugs among the patients is expected to fuel the market growth of erectile dysfunction drugs in the coming years.
Market Size and Forecast
The global erectile dysfunction drugs market is anticipated to expand at a CAGR around 5.0% during 2017-2027. The global erectile dysfunction drugs market is anticipated to value at significant market size during the forecast period. The rising awareness regarding the disease and growing geriatric population is the main reason for the expansion of the erectile dysfunction drugs market.
The global erectile dysfunction drugs market can be segmented on the basis of therapeutics, product type, and distribution channel. On the basis of therapeutics, global erectile dysfunction drugs market is further segmented into existing drugs and pipeline drugs. Existing drugs segment is anticipated to grow at the healthy rate over the forecast period .This is attributed to the fact that existing drugs includes the major drug brands such as Viagra,Cialis, Zydena, Mvix. Based on the mode of administration global erectile dysfunction drugs market is segmented into injections, oral Medications and topical medications
By region, global erectile dysfunction drugs market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to be the leading region in the global market of the erectile dysfunction market. The major factor that contributes to the high demand for the erectile dysfunction in the North America is presence of healthcare infrastructure, rising demand for drugs related to dysfunction and increasing R&D related to novel drugs molecules. However, Asia-Pacific region is expected to witness robust growth on the account of rising number of geriatric population, developing drug industry and growing occurrences of erectile dysfunction. The government is also taking various initiatives to boost market of erectile dysfunction.
Our in-depth analysis segmented the global erectile dysfunction drugs market in the following segments:
By Mode of Administration
By Distribution Channel
The global erectile dysfunction drugs market is further classified on the basis of region as follows:
Growth Drivers and Challenges
Various factors that are expected to drive the market growth of erectile dysfunction drugs are the increasing prevalence of the chronic diseases, rising geriatric population and changing lifestyle. Additionally, other factors that are expected to propel the erectile dysfunction drugs market are the increasing geriatric product launches by various companies and enhanced clinical development.
Some of the challenges for the erectile dysfunction drugs market are side effects related to drugs, availability of duplicate drugs, social customs that prohibits many patients to get cured by the drugs.
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