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Global Sildenafil Drug Market Growth Accelerated by Increased Usage to Treat Erectile Dysfunction

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Global Sildenafil Drug Market Growth Accelerated by Increased Usage to Treat Erectile Dysfunction

Sildenafil drug is commonly used for the treatment of erectile dysfunction and pulmonary arterial hypertension. It helps to treat erectile dysfunction by increasing blood flow to the penis during sexual stimulation. Sildenafil drugs improve erectile function by inhibiting phosphodiesterase type 5 (PDE5), an enzyme that promotes breakdown of cGMP, which regulates blood flow in the penis. The global Sildenafil Drug Market is estimated to be valued at US$ 2.9 Bn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends driving the growth of the Sildenafil Drug Market is the increased usage of Sildenafil drugs to treat erectile dysfunction. As per studies, nearly 30 million men in the US suffer from erectile dysfunction. Moreover, the percentage of men affected by erectile dysfunction increases with age. This has significantly boosted the demand for Sildenafil drugs in recent years. The approval and launch of generic versions of Sildenafil drugs have also made the treatment more affordable and accessible to men, thereby propelling the market growth. It is expected that widespread adoption of Sildenafil drugs for erectile dysfunction will continue driving the market over the forecast period.

Segment Analysis

The global Sildenafil Drug market is segmented by drug type and distribution channel. The drug type segment is further divided into orally administrated and topically applied. The orally administrated segment dominates the market as sildenafil drugs are majorly consumed orally in the form of tablets such as Viagra and other generic versions. Oral administration ensures maximum bioavailability of the drug and also allows convenient consumption.

Key Takeaways

The Global Sildenafil Drug Market Size is expected to witness high growth over the forecast period of 2023–2030. Regional analysis shows that North America dominates the global market due to increasing prevalence of erectile dysfunction and availability of advanced treatments. Asia Pacific is expected to witness the fastest growth owing to growing elderly population, rising lifestyle diseases, and increasing healthcare spending.

Key players operating in the Sildenafil Drug market are Synutra Inc., Darling Ingredients Inc., Archer Daniels Midland Company, BASF SE, Koninklijke DSM NV, Foodchem International Corporation, Glanbia PLC, Holista, Colltech Ltd, ESM Technologies LLC, Bergstorm Nutrition Inc., and Gelita AG.

Explore more information on this topic, Please visit -

https://www.insightprobing.com/sildenafil-drug-market-forecasts-and-outlook-analysis/ 

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