ERECTILE DYSFUNCTION TREATMENT MARKET ANALYSIS

Erectile Dysfunction Treatment MarketSize and Trends

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).

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.