Erectile Dysfunction Market is projected to surpass US$2.5 bn in 2020

Monday 20 July 2020, Amsterdam

The global market for erectile dysfunction is anticipated to surpass US$2.5 billion in 2020 and is further projected to surpass US$ 3.5 billion in 2030 while growing at a CAGR of 2.7% over the forecast period from 2020 to 2030.

The growing awareness of erectile dysfunction is the main growth driver for the global market, as people who would otherwise be hesitant in purchasing ED products are now buying them without any restrictions. An increase in marketing efforts by drug manufacturers to sell their products across various geographies has further propelled the growth of global erectile dysfunction medications market in the past few years. Growing awareness of drugs over the forecast period will likely remain a key driver for the global market for erectile dysfunction drugs.

Increasing competition among manufacturers of generic erectile dysfunction drugs as well as the rise in availability of counterfeit erectile dysfunction drugs is likely to remain the key restraint of the global erectile dysfunction drugs market during the forecast period. Due to the patent expiry of blockbuster drugs, many generic variants have been launched in the market, with competitive pricing among these manufactures. This is expected to cause cannibalization of the erectile dysfunction drugs market for branded drugs in the coming years, with consumers often preferring lower-priced generic variants of erectile dysfunction drugs over expensive blockbuster varieties.

North America dominated the global market with over 40% market share which is anticipated to reach maintain its leadership over the forecast period, the North American market is projected to hold a 39.5% market share by 2030.

APAC is the second-largest market for erectile dysfunction market globally. Japan, ASEAN, China, and India are the major revenue contributors to the APAC ED treatment market. These four countries together accounted for a share of over 85% of the ED treatment market in APAC.

The market in the APAC region is growing at a steady pace, and this trend is expected to continue during the forecast period due to the high prevalence of ED in developing countries. Also, the healthcare industry in the region is undergoing a rapid transformation with favorable support from various government organizations and vendors to increase the uptake of therapeutics to treat various diseases.

The country-specific epidemiological surveys in the APAC region indicated that the prevalence of ED is increasing. In several APAC countries, awareness about ED drugs is rising steadily. The launch of many awareness campaigns, an increase in disposable income, and the availability of low-cost treatment are some of the factors that are fuelling the growth of the ED treatment market in this region.

This report will evaluate the market factors that act to drive and restrain the erectile dysfunction market, providing forecasts for the global market, regional markets, and associated submarkets. With the analysis of key market trends, this report will provide a detailed overview of the market.

Some of the prominent companies profiled in this report include Bayer AG, Eli Lilly and Company, Ferring B.V., GSK, Pfizer Inc., Teva Pharmaceuticals, Vivus Inc., Dong Pharmaceuticals, SK Chemicals Co Ltd., and Apricus Biosciences Inc. among other players.