Product ID: SQSG35I2033
Global Erectile Dysfunction Market Size, Share, Growth Analysis, By Product(Viagra, Cialis) - Industry Forecast 2024-2031
Report ID:
SQSG35I2033 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
39 |
Figures:
73
Global Erectile Dysfunction Market Dynamics
Erectile Dysfunction Market Driver
- Diabetes, obesity, and cardiovascular disease are on the rise due to the rise in the adoption of an unhealthy lifestyle, which in turn causes issues like ED as people age. Young people's current lifestyles are particularly stressful in many emerging nations, which has led to an increase in fast food and ready-to-eat food consumption as well as drinking and smoking. These variables are compromising general health and fitness, which in turn raises the risk of ED. Additionally, the number of ED patients increases along with the senior population growth, which continues to be a major driver of the worldwide erectile dysfunction medications market during the projection period.
- Major and growing pharmaceutical brands have boosted their investments in developing nations like India, China, Africa, and important Middle Eastern nations during the past couple of years. This has had a huge impact on the cost of medicine as well as the availability and distribution of medicines within the nations, both of which are anticipated to be important. The global market for erectile dysfunction medications is also anticipated to grow dramatically as a result of increased advertising investments.
- Increasing research and development activities by the market players to provide new treatments for erectile dysfunction is expected to drive the growth of the market.
Erectile Dysfunction Market Restraint
- Drugs for erectile dysfunction are primarily sold in developed and emerging economies; but, low- and middle-income countries account for a smaller portion of their sales. This is primarily a result of people's lack of understanding of these types of treatments, their limited purchasing power, and their unwillingness to incorporate them into their daily lives. The slow growth of the market is partly attributed to the negative side effects of these medications, which include headache, upset stomach, flushing, nasal congestion, visual issues, dizziness, diarrhea, and rash.
- Two significant market challenges are the increased production of generic erectile dysfunction medications and the rising accessibility of fake erectile dysfunction medications. Due to the lucrative marketing of counterfeit erectile dysfunction medications at noticeably lower prices than either patented or generic pharmaceuticals, consumers frequently opt for less expensive generic erectile dysfunction pills over more expensive blockbuster varieties.
Global Erectile Dysfunction Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
