Sildenafil market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market is growing at a CAGR of 4.80% and is expected to reach USD 2,096.19 million by 2028 in the above-mentioned research forecast period. Presence of branded drugs and increasing prevalence of erectile dysfunction worldwide.
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Key Growth Drivers:
Moreover, rising awareness and increasing prevalence of diabetes and obesity also boost up the market growth. Growing geriatric population and rising healthcare expenditure act as an opportunity for market growth. However, side effects caused by drugs and a strict regulatory framework may hamper the global sildenafil market.
Sildenafil is phosphodiesterase inhibitor and is indicated for the treatment of erectile dysfunction in men. This medicine improves the exercise ability in adults suffering from pulmonary arterial hypertension. It treats erectile dysfunction by enhancing the blood flow to the penis during sexual stimulation. This increase in blood flow leads to an erection. Sildenafil works by relaxing the blood vessels of lungs, which allows easy blood flow.
As per the studies conducted, this has been reported that erectile dysfunction is highly prevalent with 3-76.5% prevalence rate and it increases with an increase in age. This affected population is hugely dependent upon sildenafil to achieve better treatment, hence providing lucrative growth.
The report outlines the involvement of key players, including:
The major players covered in the sildenafil market are Pfizer Inc., Century Pharmaceuticals Ltd., Polpharma, Deva Holdings, Actavis, Inc., Accord-UK Ltd., Mantra Pharma, ANGITA, Apotex Inc., Bayer AG, Ritz Formulations Pvt. Ltd., Cipla, Abbott, Viatris Inc., Sandoz, Hetero Healthcare Limited, Delphis Pharma, Teva Pharmaceuticals USA, Inc., Lupin Pharmaceuticals, Inc., Amneal Pharmaceuticals LLC., Umang Pharmaceuticals among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Key Market Segmentation
- On the basis of product type, the sildenafil market is segmented into branded and generics.
- On the basis of application, the sildenafil market is segmented into peripheral vasodilator and erectile dysfunction.
- On the basis of end-users, the sildenafil market is segmented into clinics, hospitals, and others.
- On the basis of distribution channel, the sildenafil market is segmented into hospital pharmacy, retail pharmacy, online pharmacy and others.
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