Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- In a new report titled 'Erectile Dysfunction Drugs Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019,' published by Transparency Market Research, research analysts state that the global erectile dysfunction drugs market is expected to decline at a CAGR of 4.5% in the forecast period 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.
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According to the data presented in this report, the global erectile dysfunction drugs market is anticipated to decline at a CAGR of -4.5% during the forecast period from 2013 to 2019. According to analysts at TMR, the global erectile dysfunction drugs market is primarily driven by the rising geriatric population in major regions of the world. The demand for erectile dysfunction drugs is also growing due to the rise in the incidence of various diseases, shifting consumer preference towards a sedentary lifestyle, and increasing focus on awareness and physical education regarding the drugs used for erectile dysfunction.
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The growing impact of clinical trials and tests for erectile dysfunction drugs also contribute to the growth in this market. Some of the current trends in the market are innovative drug delivery, new test techniques, blockbuster patent expirations, and molecule combinations - all offering plenty of growth opportunities in the global erectile dysfunction drugs market. Although various merits are propelling the erectile dysfunction drugs market, some factors also impede the acceptance of these drugs all around the world. The growing threat from counterfeit drugs in the market, prevalence of sexually transmitted diseases with ED drug users, and narrowing of insurance coverage for erectile dysfunction treatment are some of the major market restraints.In the recent past, the market witnessed an end of patent exclusivities, which has further cut down the revenue of the global erectile dysfunction drugs market. The market will also experience a low growth rate due to the weak pipeline development in terms of new drug formulations. Overall, the market is on the verge of suffering a big setback before the end of the forecast period.
Based on brand, this study report divides the market into Stendra/Spedra, Viagra, Cialis, MUSE, Mvix, Levitra/Staxyn, Zydena, and Helleva. Viagra accounted for the largest share in the overall market. By revenue, Viagra held a 45% share of the total erectile dysfunction drugs market. However, due to expiration of patents of the Viagra drug, especially outside the U.S. in 2013, the availability of Viagra has declined.
However, according to analysts at TMR, Viagra will continue to maintain a major revenue share in the U.S. erectile dysfunction drugs market due to extended patent exclusivity till 2020. The market for Cialis (tadalafil) is also estimated to witness a decline in terms of market revenue. In 2012, Cialis stood at US$1,926.8 million, accounting for the second largest share in the overall market. However, it is expected to decline at a CAGR of -12.6% in the forecast period 2013-2019.
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Source:Transparency Market Research