Erectile dysfunction is the inability to maintain a firm erection during sexual activity. It is a sign of a physical or psychological condition. Erectile dysfunction is caused by stress, age, depression, diabetes, Blood pressure issues or an unhealthy lifestyle. Various treatments are available for erectile dysfunction such as drugs, injections, and topical creams. Market players are indulged in research and development activities for developing drugs for effective results with minimum time consumption. Viagra is one of the most used drugs for erectile dysfunction. Many companies are engaged to receive approval from regulatory authorities for generic medicines which drives the growth of erectile dysfunction treatment market. For instance, in December 2017, Teva Pharmaceuticals which is pharmaceutical manufacturer of high quality generic medicines has received the U.S. Food and Drug Administration (U.S.FDA) approval of generic medicine for Viagra and another generic version of Vardenafil was approved by the U.S.FDA in October 2018.Vardenafill is class of medicine called Phosphodiesterase (PDE) inhibitors which helps in increasing the blood flow to penile tissue to cause erection.
Market Dynamics
Market players are engaged in providing advanced treatments for erectile dysfunction for effective and efficient results. This is expected to increase the growth of the global erectile dysfunction treatment market over the forecast period. For instance, an article published on January 25, 2019 by the National Center for Biotechnology Information (NCBI) states that advanced treatments are available for erectile dysfunction treatment such as penile prosthesis, vacuum-assisted erectile, intraurethral suppository, along with novel therapies such as stem cell therapy, external penile prosthesis, platelet-rich plasma, and penile shockwave therapy, which help to reduce erectile dysfunction in men.
Increasing awareness for the treatment as well as management of erectile dysfunction is expected to increase the growth of the global erectile dysfunction treatment market over the forecast period. For instance, on February 12, 2021, Sexual and Reproductive Health Awareness day was celebrated to raise the awareness for sexual health awareness. This program was started by Canadian government, and it has since spread around the globe. This program aims to provide information to socially and educationally backward population to avoid the serious issues cause due to erectile dysfunction as the prevalence of erectile dysfunction is increasing globally.
This programme was started by the Canadian government, and it has since spread around the world.
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