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Report ID: SQMIG35I2259
Report ID:
SQMIG35I2259 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
65 |
Figures:
75
Global Erectile Dysfunction Drugs Market size was valued at USD 2.3 Billion in 2021 and is poised to grow from USD 2.50 Billion in 2022 to USD 4.79 Billion by 2030, at a CAGR of 8.5% during the forecast period (2023-2030).
The high prevalence of sedentary lifestyles and lifestyle diseases, including obesity, cardiovascular diseases, diabetes, and high blood pressure, are key contributors to the increased demand for erectile dysfunction drugs in the global market. The growing geriatric population, coupled with rising patient awareness and education levels, is also driving market growth. Government reforms and public awareness initiatives in developing regions are further fuelling market expansion. The availability of generic drugs, along with the sedentary lifestyle and associated stress, is boosting market growth. Additionally, the increasing number of men suffering from erectile dysfunction and the patent expiry of several blockbuster drugs are significant factors driving market growth. Investments in research and development (R&D) and clinical trials for new drug development are creating additional growth opportunities. However, challenges such as poor patient adherence, availability of cost-effective counterfeit drugs, and potential side effects may hinder market growth.
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Report ID: SQMIG35I2259