Erectile Dysfunction Drug Market Declining

22 10 2015

According to a news site called Globe Newswire and from a report by the Transparency Market Research, the global erectile dysfunction drugs market is anticipated to decline at a CAGR of -4.5% during the forecast period from 2013 to 2019. This market was valued at US$4.3 billion in 2012 but is, however, expected to reach an estimated value of US$3.4 billion in 2019.

In the Overview section of the report it states, “Factors such as the growing elderly population, increasing awareness and patient education, elevated inclination towards a sedentary lifestyle, and growing incidence of several genitourinary diseases are expected to drive the growth of the global erectile dysfunction drugs market. Nevertheless, factors such as growing threat from counterfeit drugs, prevalence of STDs in ED drug users, and diminishing insurance coverage for ED treatment will greatly hamper the growth of the market.”

Basically, the market for erectile dysfunction will be going downhill because of counterfeit medications, the rising rate of STDs, and the lack of coverage for the pills. I normally write more exclusive pieces on counterfeiting, but I thought this was interesting because of the way counterfeits are messing up with the drug market.

The top three erectile dysfunction drugs in the market are Cialis (tadalafil), Staxyn/Levitra (vardenafil), and Viagra (sildenafil citrate). Please click HERE to read more about the report. Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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