DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "World Erectile Dysfunction Drugs Market - Opportunities and Forecasts, 2014 - 2022" report to their offering.
The demand for erectile dysfunction therapeutics is highly increasing due to high incidence of chronic diseases including neurogenic disorders, hypertension, diabetes and psychological disorders. Additionally, increasing aged population, patient education and awareness are some of the factors which also fuel the growth of this market. Despite of increasing demand for erectile dysfunction drugs, this market is going to experience a decline in forecast period due to patent expiration of major brands. On contrary, it will provide the key opportunity for generic manufacturers to enter the market. Amongst erectile dysfunction drug users, there is high prevalence of sexually transmitted diseases (STDs) and it could restrain the growth of this market. Generic drugs are the promising opportunity for this market. Moreover, novel drug delivery techniques can also potentiate the market growth.
The global erectile dysfunction drugs market by therapeutics is segmented into two categories such as, existing drugs and pipeline drugs. Existing drugs includes the major drug brands namely, Viagra, Levitra/Staxyn, Cialis, Zydena, Helleva, Stendra/Spedra Avanafil and Mvix. Viagra was the blockbuster drug by Pfizer which has generated large revenue for the company. Levitra and Cialis are the major competitor for Viagra and these two brands has also captured a potential market share. Owing to the patent expiration of these major brands during forecast period, market is going to experience a decline in total revenue for erectile dysfunction drugs.
Geographically, global erectile dysfunction drugs market is segmented into North America, Europe, Asia-Pacific and LAMEA. North America dominates the global erectile dysfunction drugs market and it is expected to show the same results during forecast period due to the presence of Cialis and Viagra in U.S. market. Patent expiration of these brands outside the U.S. markets, would increase the influx of generics with cheaper prices.
The key players within global erectile dysfunction drugs market include Pfizer, Bayer AG, Eli Lilly & Co., Dong-A Pharmaceutical Co. Ltd, Vivus, Inc., Meda Pharmaceuticals and Apricus Biosciences. Competitors are focusing on novel product manufacturing which will show faster onset of action with minimal side effects as compared to existing therapies. Due to patent expiration of major brands in near future, would increase the competition for generic drugs with cheaper prices.
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