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Erectile Dysfunction Drugs Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023- 2028)

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  • 115 Pages
  • April 2023
  • Region: Global
  • Mordor Intelligence
  • ID: 4622437
UP TO OFF until Mar 31st 2024
The Erectile Dysfunction Drugs Market is expected to register a CAGR of 3.8% over the forecast period.

The COVID-19 pandemic positively impacted the market owing to the underlying disease caused by the adverse effects of COVID-19 leading to the rising prevalence of erectile dysfunction. According to an article published by WebMed, in April 2021, COVID-19 increases the risk of developing erectile dysfunction (ED) by nearly six times. The estimated risk of developing ED was 5.66 times higher in men with a history of COVID-19. Its prevalence in the male COVID-19 group was estimated to be 31.8%. Access to the delivery of elective and non-emergency medical treatment was hampered by COVID-19, particularly during times of significant SARS-CoV-2 community transmission. During the COVID-19 outbreak, numerous elective operations for benign urological disorders like ED were postponed. Additionally, a significant trend toward management providing largely virtual care for issues related to men's sexual health has been seen, with procedures only being offered for emergencies and urgent cancer situations. According to an article published by ScienceDirect, in June 2021, there were 4.4% of video visits of patients for ED in 2020 as compared to 4.5% of office visits in 2019. The article stated that the outpatient population for ED treatment was unaffected by the use of telemedicine. Thus, people opting for telemedicine for the treatment of ED increased substantially. However, currently, as there is better access to erectile dysfunction drugs as compared to the initial pandemic times due to the lockdown, the market is expected to gain its growth pace over the coming 3-4 years.

Factors driving the erectile dysfunction (ED) drugs market include the adoption of a sedentary lifestyle and associated stress, the rising geriatric population, and the comorbidity between erectile dysfunction and heart disease and diabetes. A sedentary lifestyle, alcoholism, and smoking greatly increase the risk of erectile dysfunction. According to the study published by BMC Endocrine Disorders, in July 2021, alcohol consumption, poor glycemic control, age, and diabetes duration were all found to be predictors of erectile dysfunction. Erectile dysfunction was found to be prevalent in 72.2% of people globally, in 2021. Thus, old age, diabetes, alcohol consumption, and poor glycemic control were found to have a significance on erectile dysfunction, thereby driving the market growth.

Erectile dysfunction is the most common risk factor in men, and its incidence increases with age. Aging and older men frequently have comorbidities, like diabetes mellitus, chronic obstructive pulmonary disease, hypertension, cardiovascular diseases, and many others; likewise, they concurrently refer to a clinician for impairments in sexual function, mostly for erectile dysfunction (ED). For instance, according to the article published by the NIH, in June 2021, sexual dysfunctions are common in people with diabetes and may arise from a variety of vascular, neurologic, and hormonal derangements. Furthermore, the rise in the number of ED cases is often correlated with the high growth of obesity, diabetes, and cardiovascular disorders. Hypertension is additionally another major illness linked to male erectile dysfunction. As reported by the WHO in 2021, the prevalence of hypertension has grown at a substantial rate and an estimated 1.28 billion adults aged 30 to 79 years have been affected by hypertension, with the majority (two-thirds) living in low- and middle-income countries. Hence, the increase in the prevalence of erectile dysfunction is likely to create a demand for drugs to treat the dysfunction, which is boosting the market growth.

However, the reluctance of patients to seek treatment and poor patient adherence to ED drugs are the factors restraining the market growth.

Erectile Dysfunction Drugs Market Trends

The Viagra (sildenafil citrate) Segment is Expected to Dominate the Market

Erectile dysfunction is treated with the drug sildenafil. It helps men get an erection by increasing blood flow to the penis. Viagra is the most common drug used as first-line therapy in the treatment of erectile dysfunction. Viagra is also used to treat pulmonary arterial hypertension, which causes ED. According to an article published by Hims & Hers Health, Inc., in June 2021, more than 95% of erectile dysfunctional males who used sildenafil said they were satisfied with the way it affected their erections.

Furthermore, according to an article published by Inverse, in February 2020, Sildenafil is a popular option for men seeking to treat erectile dysfunction as it helps erections last for three to five hours after taking the medication. Sildenafil is sold under the trade name Viagra, which is highly well-known and earns its parent company, Pfizer, an estimated USD 1.8 billion annually.

Therefore, the above-mentioned factors are expected to drive segmental growth in the market during the forecast period.

North America is Expected to Dominate the Market over the Forecast Period

North America is expected to dominate the erectile dysfunction drugs market, owing to the rising geriatric population, increase in cases of ED, and the presence of better healthcare infrastructure. According to the September 2022 published article by MSD Manuals, in the United States, about 50% of men 40 to 70 years of age are somewhat affected by ED, and the percentage increases with aging. Furthermore, as per an article published by the National Institute of Diabetes and Digestive and Kidney Diseases, in 2021, ED affected approximately 30 million men in the United States. Besides, the country has the highest rate of self-reported ED which is expected to drive market growth over the forecast period.

Moreover, studies and product launches for the effective treatment of ED are also contributing to the market growth. For instance, in January 2022, Petros Pharmaceuticals, Inc., initiated two self-selection studies for its erectile dysfunction (ED) drug STENDRA (avanafil). Furthermore, in September 2022, Lupin Limited launched Sildenafil for oral suspension, 10 mg/mL, having received approval from the US FDA. Such advancements are driving the market.

Erectile Dysfunction Drugs Market Competitor Analysis

The erectile dysfunction drugs market is fragmented in nature due to the presence of several companies operating globally as well as regionally. The competitive landscape includes an analysis of a few international as well as local companies which hold market shares and are well known including Apricus Biosciences Inc., Bayer AG, Eli Lilly and Company, Ferring Pharmaceuticals, GlaxoSmithKline PLC, Metuchen Pharmaceuticals LLC, S.K. Chemicals Co. Ltd, Teva Pharmaceutical Industries Ltd, and VIVUS Inc., among others.

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Table of Contents

1.1 Study Assumptions and Market Defination
1.2 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Adoption of a Sedentary Lifestyle Along with the Associated Stress
4.2.2 Rising Geriatric Population
4.2.3 Comorbidity between Erectile Dysfunction and Heart Diseases and Diabetes
4.3 Market Restraints
4.3.1 Reluctance of Patients to Seek Treatment
4.3.2 Poor Patient Adherence to ED Drugs
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size in USD million)
5.1 Product
5.1.1 Viagra (sildenafil citrate)
5.1.2 Cialis (Tadalafil)
5.1.3 Levitra/Staxyn (vardenafil)
5.1.4 Stendra/Spedra (avanafil)
5.1.5 Zydena (udenafil)
5.1.6 Vitaros (Alprostadil Cream)
5.1.7 Other Products
5.2 Distribution Channel
5.2.1 Hospital Pharmacies
5.2.2 Retail Pharmacies
5.2.3 Online Pharmacies
5.3 Geography
5.3.1 North America United States Canada Mexico
5.3.2 Europe Germany United Kingdom France Italy Spain Rest of Europe
5.3.3 Asia-Pacific China Japan India Australia South Korea Rest of Asia-Pacific
5.3.4 Middle-East and Africa GCC South Africa Rest of Middle-East and Africa
5.3.5 South America Brazil Argentina Rest of South America
6.1 Company Profiles
6.1.1 Apricus Biosciences Inc.
6.1.2 Bayer AG
6.1.3 Eli Lilly and Company
6.1.4 GlaxoSmithKline PLC
6.1.5 Petros Pharmaceutical
6.1.6 Pfizer Inc.
6.1.7 S.K. Chemicals Co. Ltd
6.1.8 Teva Pharmaceutical Industries Ltd
6.1.9 VIVUS Inc.
6.1.10 Lupin Limited
6.1.11 Glenmark Pharmaceuticals Limited
6.1.12 Cipla Ltd

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Apricus Biosciences Inc.
  • Bayer AG
  • Eli Lilly and Company
  • GlaxoSmithKline PLC
  • Petros Pharmaceutical
  • Pfizer Inc.
  • S.K. Chemicals Co. Ltd
  • Teva Pharmaceutical Industries Ltd
  • VIVUS Inc.
  • Lupin Limited
  • Glenmark Pharmaceuticals Limited
  • Cipla Ltd