The global ”erectile dysfunction market“ size is estimated to grow incrementally owing to the increasing prevalence of the condition on a global scale, states Fortune Business Insights™ in an upcoming report, titled, “Erectile Dysfunction Market Size, Share & Industry Analysis, By Treatment Type (Drugs [Sildenafil, Tadalafil, Vardenafil, Avanafil, Others] Penile Implants, Penis Pumps, Others), By End User (Hospitals & Clinics, Ambulatory Surgery Centers, Pharmacies, Others)and Regional Forecast, 2020-2027.” Common causes of erectile dysfunction could be health related conditions such as cardiovascular diseases, hypertension, diabetes, and others.
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The COVID-19 pandemic is growing to be the biggest health emergency of all times. The unprecedented spread of the novel coronavirus has led countries to enforce nationwide, prolonged lockdowns, due to which businesses across the world have come to a standstill. At Fortune Business Insights™, we closely study the market from various perspectives in order to identify new growth opportunities. We offer better decision making capabilities and actionable insights through our comprehensive market reports based on our expertise and experience in the field of market research.
Highlights of the Report:
While making the report we incorporated the market ranking of major players along with their new service/product launches, partnerships, business expansions, and acquisitions. The dynamics of the market were closely studied along with the growth opportunities in the years to come. Our next step included qualitative and quantitative analysis of the market based on segmentation, involving both economic as well as non-economic factors. In addition, we thoroughly observed the current, as well as future outlook of the industry with respect to the recent developments.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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Drivers & Restraints-
Sedentary Lifestyle of Working Population Worldwide to Drive Growth
According to a research by the International Journal of Impotence, the number of men suffering from erectile dysfunction is estimated to reach 322 million by 2025. The steady growth in these numbers is expected to increase the treatment rate of the disease, giving a robust boost to the growth of the global erectile dysfunction market. In addition, the prevalence of smoking and alcoholism in the current lifestyle of the working population worldwide is expected to further enhance growth. However, expensive treatment and the lack of awareness regarding the same are expected to hinder growth.
Increasing Cases of Erectile Dysfunction in U.S. to Help North America Dominate
North America is anticipated to account for the largest share of the global dysfunction market owing to the increasing number of men suffering from erectile dysfunction in the region. For instance, according to a report by Current Opinion in Nephrology and Hypertension, about 35 million men have been affected by the condition in the U.S.
The Europe erectile dysfunction market is set to deliver an impressive growth in the projected timeline. Increasingelderly population, coupled with the development in the treatment options of the condition is expected to drive the growth in the region.
Offering Innovative Products to Help Key Players Gain High Share
The global market for erectile dysfunction comprises various multinational and local players that are consistently expanding the industry across regions. They are focusing on launching innovative products in order to successfully expand their shares. For instance, in July 2019, Boston Scientific Corporation launched a natural-feeling implant to treat erectile dysfunction.
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- In February 2019, Dr. Reddy’s Laboratory launched Tadalafil tablets in the U.S. market. These pills are made for the treatment of erectile dysfunction.
- In September 2019, Lupin launched Sildenafil tablets for the treatment of erectile dysfunction in the U.S. market.
A List of Key Manufacturers Operating In the Global Erectile Dysfunction Market Report:
- Pfizer Inc.
- Bayer AG
- Eli Lilly and Company
- Apricus Biosciences, Inc.
- Mylan N.V.
- GlaxoSmithKline plc
- Boston Scientific Corporation
- Reddy’s Laboratory
What are the key segments in the market?
By Treatment Type
- Penile Implants
- Penis Pumps
By End User
- Hospitals & Clinics
- Ambulatory Surgery Centers
- North America (USA, Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
With tables and figures helping analyse worldwide Global erectile dysfunction Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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