According to FutureWise analysis the market for Sildenafil Drug in 2023 is US$ 2.9 billion, and is expected to reach US$ 4.99 billion by 2031 at a CAGR of 7.00%.
Erectile dysfunction (ED) is also called impotence, and it is characterized by inability to form a satisfactory erection of the penis during sexual stimulation. Sexual arousal initiates this process, which is signaled by an impulse mechanism sent from the brain to the penile nerve. Besides age-related factors, emotional and psychological factors are also factors that can trigger this condition. In addition to side effects of drugs, neurogenic disorders, Cavernosal disorders, Multiple Sclerosis, Diabetes, and changes in lifestyle such as smoking, sedentary lifestyle, Multiple sclerosis, and consumption of some drugs such as antihypertensive, antipsychotics, and antidepressants, etc., are also cause of erectile dysfunction. Often times, Sildenafil is prescribed for erectile dysfunction. It belongs to a class of drugs called phosphodiesterase type 5 inhibitors (PDE 5). The drug was previously used for some cardiovascular conditions and is now widely used for erectile dysfunction. A growing elderly population and increasing incidences of chronic diseases such as hypertension and hormonal insufficiencies will drive the market for sildenafil.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Sildenafil Drug Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Sildenafil Drug Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.