Erectile Dysfunction Drugs Market Trends, Scope, Application, Growth, Size, & Industry Experts by 2028
Erectile Dysfunction Drugs Market growth in the forecast period till 2028. Data Bridge Market Research analyses the market to account to USD 547.57 million by 2028 and will grow at a CAGR of 5.22% in the above-mentioned forecast period. Global Erectile Dysfunction Drugs Market analysis report endows with the list of principal competitors along with the strategic insights and analysis of the key factors influencing the healthcare industry. The global erectile dysfunction drugs market is driven by factors such as an Increase in the prevalence of erectile dysfunction due to diabetes, obesity, and sedentary lifestyle, easy accessibility of erectile dysfunction drugs, and surge in awareness about erectile dysfunction. However, side effects associated with erectile dysfunction drugs such as nasal congestion, blurred vision, and flushing are hampering the erectile dysfunction drugs market growth. On the contrary, an increase in R&D activities in erectile dysfunction treatment, high growth potential in developing countries, and a rise in new erectile dysfunction drugs launch are expected to offer remunerative opportunities for expansion of the erectile dysfunction drugs market during the forecast period.Asceses Full report@ https://www.databridgemarketresearch.com/reports/global-erectile-dysfunction-drugs-market
Several factors can affect the growth of the erectile dysfunction drugs market. Some of these factors include:
• Physiological factors: Market growth is expected to be influenced by physiological factors like high blood pressure, high cholesterol, obesity, smoking, and tobacco use which in turn leads to ED.
• Psychological factors: Psychological causes like stress, mental health issues, and depression results in ED and needs the treatment. Due to this the demand for ED drugs rises and in support the market growth.
• Prevalence of ED: Due to comorbid conditions like diabetes and obesity, the prevalence of ED is on the rise. Men with medication, neurologic, hormonal and vascular etiologies, are also at high risk of developing this condition.
• Availability of Affordable Medicines: Generic sildenafil is available at a cheaper price compared . Thus the demand for ED is rising due to this affordability which is expected to propel the market growth.
• Increasing investment on R&D: The innovations and development of drugs by manufacturers and researchers as well as increase in the number of the clinical trials for ED drugs are likely to expand the market for ED drugs.
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