Emergence of E-commerce Delivery is Driving the Global Erectile Dysfunction Market
According to the latest Arizton's market research report, the global erectile dysfunction market size to cross USD 4.7 billion by 2026.
Market Growth Analysis of the Global Erectile Dysfunction Market
With the increase in chronic conditions and comorbidities, the epidemiology of erectile dysfunction was also found to have increased. This, in turn, will boost the growth of the global erectile dysfunction market across the world in the upcoming years. The increase in side effects and less effectiveness of drug treatments for erectile dysfunction are boosting the demand for advanced treatment devices in the global market. The technological modalities are further anticipated to augment the growth of the erectile dysfunction treatment in the global market. The global erectile dysfunction market is observed to maintain sustainable growth with the presence of an increased number of generic companies, including Teva Pharmaceuticals, Aurobindo Pharma, and etc.
What’s Trending in the Market?
- The topical therapy treatment modality gained momentum post the launch of Apricus Biosciences’ Vitaros in 2013 in Europe through the European Decentralized Procedure (DCP).
- Coloplast is one of the leading vendors, offering advanced penile implants such as Titan OTR and Genesis for the treatment of erectile dysfunction.
- According to the published studies on erectile dysfunction, the overall prevalence in the APAC was observed to be in the range of 35% to 38%.
Easy internet access and the emergence of e-commerce delivery across the world are anticipated to drive the growth of the global ED treatment market during the forecast period. The increasing focus of vendors in manufacturing innovative technologies such as vibrators and magnetic therapy for the management of ED is also propelling the growth of the global erectile dysfunction market.
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Key Offerings:
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by product, drugs, devices, distribution, and geography
- Competitive Landscape – 9 Key Company Profiles and 37 Other Prominent Vendors
Geography Analysis of Global Erectile Dysfunction Market
In the year 2020, North America accounted for revenue over USD 1.7 billion in the global erectile dysfunction market. Better access to both erectile dysfunction prescription and generic drugs is one of the factors dominating the global market in the region. The US is a major revenue contributor in the region and accounted for about 92% of the market share in 2020. It was found that 50% and 51.3% of people with cardiovascular diseases and diabetes are likely to experience erectile dysfunction at some point in their life. The ED devices market is growing at a positive rate and is likely to grow at a CAGR of over 3% in North America.
Which Key Vendors Lead the Global Erectile Dysfunction Market?
The global erectile dysfunction market is observing an oligopoly in nature, where only a few sellers occupy the major share. Companies offering topical cream formulations, generic drugs, and non-invasive techniques are gaining extensive popularity than manufacturers offering oral branded drugs. The demand for erectile dysfunction treatment is anticipated to grow drastically in developing regions. This treatment is popular in APAC region due to large unmet demand, unsatisfied patient pool, and increase in disease awareness. Various players in the global erectile dysfunction market are expanding their businesses and investing a large amount in these regions owing to the considerable growth potential.
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