ERECTILE DYSFUNCTION TREATMENT MARKET ANALYSIS

Market Challenges And Opportunities

Global Erectile Dysfunction Treatment Market - Drivers

• Increasing prevalence of erectile dysfunction: The increasing incidence of erectile dysfunction is expected to propel the growth of the global erectile dysfunction treatment market over the forecast period. For instance, according to an article published by Jobson Medical Information LLC which delivers comprehensive medical information and communications to the healthcare community,  in June 2022, annual erectile dysfunction incidence rate increased with each decade of age and was 12.4 cases per 1,000 man-years (95% CI 9.0 to 16.9), 29.8 (24.0 to 37.0) and 46.4 (36.9 to 58.4) for men 40 to 49, 50 to 59 and 60 to 69 years old, respectively.
• Increasing product launches for the treatment of erectile dysfunction by market players: Increasing product launches for the treatment of erectile dysfunction by market players which are expected to drive the global erectile dysfunction treatment market growth over the forecast period. For instance, in August 2023, Mangoceuticals, Inc., a company focused on developing, marketing, and selling, a variety of men’s health and wellness products via a secure telemedicine platform, including its uniquely formulated Erectile Dysfunction (ED) drug branded “Mango,” announced the official commercial launch of its second Mango ED product, which leverages the company’s existing custom compound alongside Sildenafil, the active ingredient found in Viagra.

Global Erectile Dysfunction Treatment Market – Impact of Coronavirus (COVID-19) Pandemic

• Since the COVID-19 virus outbreak in December 2019, the disease spread to over 100 countries across the globe, and the World Health Organization (WHO) declared it a public health emergency on January 30, 2020.
• COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, the U.A.E., Egypt, and others, are facing problems with the transportation of things from one place to another.
• However, the COVID-19 pandemic had a negative impact on the global erectile dysfunction. Economic uncertainties caused by the pandemic have influenced consumer spending behaviors, including spending on non-essential medications or treatments such as those for erectile dysfunction.

Global Erectile Dysfunction Treatment Market: Restraint

• Ban on erectile dysfunction drugs: Ban on erectile dysfunction drugs is expected to hinder the market growth over the forecast period. For instance, in August 2022, Indiana Representative proposed an amendment to Indiana's abortion law to outlaw the sale, prescription, or distribution of erectile dysfunction drugs and other male sexual incompetence drugs. Market players should collaborate closely with regulatory agencies to understand the specific reasons for the ban and work on addressing those concerns. Present clear evidence of the drug's benefits and the steps taken to mitigate any potential risks.