Inability to keep the firm erection firm enough during sexual intercourse is known as erectile dysfunction or impotence. This is a common disorder, and there are remedies to cure it due to the availability of various drugs. Market Research Future (MRFR) has published a research report about the global erectile dysfunction drugs market that predicts growth for this market with 6.5% CAGR between 2017 and 2023. In terms of cash, the market has been anticipated to rise to the US $ 2.95 bn by the end of the forecast period.
Analyzing the market structure, this report evaluates the future growth potential of the market. It observes the strategies of the key players in the market and follows the competitive developments such as joint ventures, new product developments, mergers and acquisitions, research and developments (R & D) in the market. The global medical sensors market is growing steadily and have a bright future. The significant technological advancement and demand for smart medical devices is the primary reason for the growth of this market.
The key factors that are aiding the growth of global erectile dysfunction drugs market include an increase in the competition among the major market players, increasing number of men suffering from erectile dysfunction, and a number of drugs available in the market. However, some factors that can harm the market growth include the availability of counterfeit drugs, the increasing manufactures of generic drugs in the market, and patent expiry of a number of blockbuster drugs.
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Global Erectile Dysfunction Drugs Market – Major Players
Key players in Erectile Dysfunction Drugs Market are: Pfizer Inc. (U.S), Bayer AG (Germany), Eli Lily & Co. (U.S), Dong–A Pharmaceutical Co. Ltd. (South Korea), Apricus Biosciences Inc. (U.S), S.K. Chemicals Co. Ltd. (South Korea), Apricus Biosciences Inc. (U.S).
In a first-to-file launch, Teva Pharmaceuticals has announced a generic version of Cialis® (Eli Lilly) tadalafil tablets (2.5 mg, 5 mg, 10 mg, 20 mg) for the US market. Tadalafil tablets are for the treatment of erectile dysfunction. 27 SEP 2018
A bid to make an erectile dysfunction drug sildenafil (including Viagra, Pfizer), available without a prescription has been rejected by the Therapeutic Goods Administration (TGA) on the basis it could delay the diagnosis of cardiovascular disease, which “cannot be diagnosed by a pharmacist.” 27 SEP 2018
Pfizer Inc. is an American global pharmaceutical corporation headquartered in New York City. It is among the world’s largest pharmaceutical companies. Pfizer develops and produces medicines and vaccines for a wide range of medical disciplines, including immunology, oncology, cardiology, diabetology/endocrinology, and neurology. Viagra drug for erectile dysfunction treatment manufactured by the company. In June 1, 2017, Pfizer Limited (India) acquired AstraZeneca’s Neksium.
Bayer AG is a chemical, pharmaceutical and life science company. It is one of the major players manufacturing drugs for erectile dysfunction. Levitra is a product offered by the company for this disorder. It is a major competitor for Pfizer in this market.
Eli Lilly and Company is an American global pharmaceutical company with headquarters located in Indianapolis, Indiana, in the United States. The company also has offices in Puerto Rico and 17 other countries. Its products are sold in approximately 125 countries. The company manufactures a drug named Cialis for erectile dysfunction. In January 2017, the Eli Lilly Company was awarded as world’s most ethical company.
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Global Erectile Dysfunction Drugs Market – Segmentation
Global Erectile dysfunction drugs market has been segmented on the basis of product which includes Viagra, Cialis, Levitra, Stendra, Zydena and other drugs and on the basis of end users the market is segmented into Hospitals, clinics, pharmaceutical companies and others.
Global Erectile Dysfunction Drugs Market – Regional Analysis
Globally, erectile dysfunction drugs market consists of four regions Americas, Europe, Asia-Pacific and Middle East and Africa. North America is the largest market. Europe is the second largest market. Asia Pacific shows fastest growth in this market. The market shows steady growth in Middle East and Africa.
Table of Contents
1. Report Prologue
2.2 Scope of the Study
2.2.1 Research Objective
2.3 Market Structure
2.4. Market Segmentation
3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4. Market Dynamic
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