The Inability to manage and improve an erection for acceptable sexual intercourse or activity denotes erectile dysfunction. The major causes of erectile dysfunction are great blood pressure, diabetes, high cholesterol, or depression. The symptoms of erectile dysfunction comprise trouble in managing an erection, difficulty in obtaining an erection, and a decreased interest in sex. There are several medications available to cure erectile dysfunction which is commonly known as erectile dysfunction drugs. Sildenafil (Viagra), tadalafil (Cialis), and vardenafil (Levitra) are some of the oral medications that opposite erectile dysfunction by advancing the effects of nitric oxide, a natural chemical that a body introduces that relaxes the muscles of the penis. This augments blood flow and enables them to get an erection in rejoinder to sexual stimulation.
According to the report analysis, ‘Erectile Dysfunction Drugs Market: Market Segments: By Drug Type (Viagra (sildenafil citrate), Cialis (Tadalafil), Staxyn/Levitra (vardenafil), Stendra/Spedra (avanafil), Zydena (udenafil), Vitaros (Alprostadil Cream) and Others); By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Sales); By Mode of Administration (Oral Medications, Topical Medications , Injections and Others) and Region – Global Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030’ states that owing to the effective increase in the healthcare expenditure on sexual wellness, the requirement for erectile dysfunction drugs is witnessing an escalating requirement. The improvement of novel drug formulations is influencing the market growth further. Additionally, there is a great requirement for these drugs from the elderly populace as they have hormonal imbalances such as a deduction in libido which is also witnessing the growth of the erectile dysfunction market.
In addition, the significant growth in adoption of a sedentary lifestyle is resulting in the great growth of obesity, cardiovascular syndromes, and diabetes, leading to complications such as erectile dysfunction. Poor lifestyle choices, smoking, alcoholism augments the risk of erectile dysfunction which in turn is boosting the entire growth of the erectile dysfunction drugs market. Besides, the aspects such as the augment in the geriatric populace and life expectancy are also propelling the requirement for erectile dysfunction drugs.
Not only has this, but several firms in the erectile dysfunction drugs industry are also introducing fresh drug delivery approaches such as the usage of pellets and creams. In curing erectile dysfunction, pellets and creams can have more efficiency and improved performance, and they are both more progressive and safer to usage. Furthermore, the advent of novel formulations comprising injectable and topical gels is projected to proliferate the market in the forthcoming years. As an alternative to oral tablets, these formulations are projected to appeal to a large number of patients.
Whereas, the worldwide Erectile Dysfunction Drugs Market in North America held the largest market share during the year 2020. North America will endure registering the global Erectile Dysfunction Drugs market due to growing healthcare expenditure, increasing geriatric populace, and high life expectancy. Also, growing consumer awareness and education in the region are projected to propel the growth of the market.
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Global Erectile Dysfunction Treatment Drugs Market 2019 by Company, Regions, Type and Application, Forecast to 2024
Ankur Gupta, Head Marketing & Communications