The global erectile dysfunction treatment market is estimated to be valued at US$ 4.54 Bn in 2023 and is expected to exhibit a CAGR of 7.6% during the forecast period (2023-2030).
Analysts’ Views on the Global Erectile Dysfunction Treatment Market:
The global erectile dysfunction treatment market has been steadily growing due to factors such as an aging population, changing lifestyle patterns, increased awareness, and reduced stigma associated with seeking treatment for Erectile Dysfunction (ED). Research and development in the field of ED treatment have led to the exploration of new therapies. Some of these include stem cell therapy and gene therapy.
Figure 1. Global Erectile Dysfunction Treatment Market Share (%), By Product Type, 2023
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Global Erectile Dysfunction Treatment Market - Drivers
Figure 2. Global Erectile Dysfunction Treatment Market Share (%), By Region, 2023
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Global Erectile Dysfunction Treatment Market - Regional Analysis
Among regions, North America is estimated to hold a dominant position in the global erectile dysfunction treatment market over the forecast period. North America is estimated to hold 33.9% of the market share in 2023 owing to key players operating in the market focusing on product launches. For instance, in June 2023, Futura Medical, a research and development pharmaceutical company, had developed Eroxon, a topical gel for erectile dysfunction, which has been authorized for over-the-counter marketing in the U.S.
Global Erectile Dysfunction Treatment Market – Impact of Coronavirus (COVID-19) Pandemic
Erectile Dysfunction Treatment Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 4.54 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 to 2030 |
Forecast Period 2023 to 2030 CAGR: | 7.6% | 2030 Value Projection: | US$ 7.57 Bn |
Geographies covered: |
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Segments covered: |
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Companies covered: |
Mangoceuticals, Inc, Futura Medical, CURE Pharmaceutical Holding Corp, Glenmark Pharmaceuticals Ltd, Mylan Pharmaceuticals Inc., Boston Scientific, Cipla Ltd , Pfizer Inc., Coloplast CORP, Eli Lily & Co, Gust Inc, Altera, Promedon, Dr. Reddys Laboratories Ltd, Bayer Pharma AG, and Reflexonic LLC |
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Growth Drivers: |
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Restraints & Challenges: |
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Global Erectile Dysfunction Treatment Market Segmentation:
The global erectile dysfunction treatment market report is segmented into by drugs, by route of administration, by distribution channel, and by region.
Among all the segmentation, the product type segment is expected to dominate the market over the forecast period, and this is attributed to increasing inorganic and organic growth strategies by market players for the treatment of erectile dysfunction.
Global Erectile Dysfunction Treatment Market - Cross Sectional Analysis:
The key players focusing on organic growth strategies, such as product approvals for erectile dysfunction, is also expected to drive the market growth of in the North America region over the forecast period. For instance, in March 2022, Lupin Limited (Lupin) India based multinational pharmaceutical company, announced that it had received approval from the U.S. Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA), Sildenafil for Oral Suspension, 10 mg/mL to market a generic equivalent of Revatio for Oral Suspension, 10 mg/mL, of Viatris Specialty LLC, a global pharmaceutical company. Sildenafil is used to treat impotence or erectile dysfunction-ED
Global Erectile Dysfunction Treatment Market: Key Developments
In January 2020, Greenstone, is part of the Upjohn business and a wholly owned subsidiary of Pfizer Inc., and Roman, an innovative digital healthcare clinic for men, announced a supply agreement to offer Roman members access to the only U.S. FDA-approved authorized generic version of Viagra (sildenafil citrate).
In December 2020, Glenmark Pharmaceuticals Ltd. an India-based multinational pharmaceutical company, received final approval from the U.S. Food and Drug Administration (FDA) for Tadalafil tablets USP in the strengths of 2.5 mg, 5 mg, 10 mg, and 20 mg. Tadalafil tablets are used to treat erectile dysfunction by increasing blood flow to the penis during sexual stimulation.
Global Erectile Dysfunction Treatment Market: Key Trends
Global Erectile Dysfunction Treatment Market: Restraint
Global Erectile Dysfunction Treatment Market - Key Players
The major players operating in the global erectile dysfunction treatment market include Mangoceuticals, Inc, Futura Medical, CURE Pharmaceutical Holding Corp, Glenmark Pharmaceuticals Ltd, Mylan Pharmaceuticals Inc., Boston Scientific , Cipla Ltd , Pfizer Inc., Coloplast CORP, Eli Lily & Co, Gust Inc, Altera, Promedon, Dr. Reddys Laboratories Ltd, Bayer Pharma AG, and Reflexonic LLC.
*Definition: Erectile Dysfunction (ED) is a common type of male sexual dysfunction. It is when a man has trouble getting or keeping an erection. ED becomes more common as men get older. But it's not a natural part of aging.
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About Author
Ghanshyam Shrivastava - With over 20 years of experience in the management consulting and research, Ghanshyam Shrivastava serves as a Principal Consultant, bringing extensive expertise in biologics and biosimilars. His primary expertise lies in areas such as market entry and expansion strategy, competitive intelligence, and strategic transformation across diversified portfolio of various drugs used for different therapeutic category and APIs. He excels at identifying key challenges faced by clients and providing robust solutions to enhance their strategic decision-making capabilities. His comprehensive understanding of the market ensures valuable contributions to research reports and business decisions.
Ghanshyam is a sought-after speaker at industry conferences and contributes to various publications on pharma industry.
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