Sildenafil Citrate Market size is forecast to reach $1.79 billion by 2025, growing at a CAGR of 5.8% during the forecast period 2020-2025. Sildenafil, sold under the brand name Viagra among others, is a medication used to treat erectile dysfunction and pulmonary arterial hypertension. It is unclear if it is effective for treating sexual dysfunction in women. It is taken by mouth or injection into a vein. It belongs to a group of medicines called phosphodiesterase 5 (PDE5) inhibitors. These medicines prevent an enzyme called phosphodiesterase type-5 from working too quickly. Sildenafil has no direct relaxant effect on isolated human corpus cavernosum, but enhances the effect of nitric oxide (NO) by inhibiting phosphodiesterase type 5 (PDE5), which is responsible for degradation of cyclic guanosine monophosphate (cGMP) in the corpus cavernosum. Sildenafil is also used in both men and women to treat the symptoms of pulmonary arterial hypertension. This is a type of high blood pressure that occurs between the heart and the lungs. Growing prevalence of erectile dysfunction owing to harmful lifestyle, rising public awareness about health and sex related problems, rapid product developments by key market players and increasing initiatives by government and NGOs for awareness and treatment campaigns of sex related disorders are driving the market growth in recent years. In addition, major product launches of key players like Lupin Limited are other factors driving the growth of the market.
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Application Type – Segment Analysis
Medical uses held the largest share in the application type segment of Sildenafil Citrate Market in 2019 and is estimated to grow at a CAGR of 6.27% during the forecast period 2020-2025. Sildenafil (Revatio) is used to improve the ability to exercise in adults with pulmonary arterial hypertension (PAH; high blood pressure in the vessels carrying blood to the lungs, causing shortness of breath, dizziness, and tiredness). In recent years, prescription by doctors and more advancement in medications with efficiency and advantages for consumers has resulted in the growth of medical uses of Sildenafil. Non-Medical uses held the second largest share in 2019. Viagra can reduce pulmonary artery pressure at high altitude and improve the ability to exercise in low oxygen conditions. In affected individuals, exposure to the cold triggers spasm of the small arteries that supply blood to the fingers, toes, or both, which become pale, cold, and painful. Medical uses is set to be the fastest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025, owing to increasing investments in innovations of medical applications of Sildenafil drug by key market players.
Disorder Type – Segment Analysis
Erectile Dysfunction holds the major share in the disorders segment of Sildenafil Citrate Market in 2019. About 5 percent of men that are 40 years old have complete erectile dysfunction, and that number increases to about 15 percent of men at age 70. Mild and moderate erectile dysfunction affects approximately 10 percent of men per decade of life (i.e., 50 percent of men in their 50s, 60 percent of men in their 60s). In accordance with increasing awareness, people are opting for drugs and other medications, which drives the market growth. Erectile Dysfunction is forecast to continue growing at the fastest rate with the highest CAGR during the forecast period 2020-2025, owing to an estimated increase in cases of the disease in upcoming years, and increasing awareness programs for treatment of the disease.
Geography – Segment Analysis
North America dominated the geography segment of Sildenafil Citrate Market in 2019 with a share of more than 36.71% in 2019, followed by Europe. Rising incidence of diseases like erectile dysfunction and hypertension, presence of key market players in the region and availability of well-established key market players in this region have helped in the growth of Sildenafil Citrate Market infrastructure. Europe held the second place in the geography segment share of the market, owing to presence of robust healthcare infrastructure and increasing favorable government policies for drug market.
However, Asia-Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025. This is owing to growth of healthcare sector, increasing awareness about treatment of sexual disorders and increasing average income of the masses.
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Drivers – Sildenafil Citrate Market
Poor diet, smoking, sedentary lifestyle, excessive drinking, stress, relationship issues and psychological issues in the modern lifestyle have caused much problems in sexual health of the common person. In order to treat this, the demand for the drug has substantially increased within a few years.
Sexual desire disorders are under-recognized, under-treated disorders leading to a great deal of morbidity in relationships. Owing to massive awareness campaigns, people are finding easier to talk about their sexual health and disorders. As a result, demand for medications increases and this is projected to drive the Infusion Market growth during the forecast period 2020-2025.
Challenges – Sildenafil Citrate Market
Presence of pills, herbal remedies and other medications have taken away a significant chunk of the revenue of Sildenafil in the sexual diseases drugs market. For instance, Vardenafil and Tadalafil are two such drugs which have significantly gained popularity in recent times. It is anticipated to hamper the market growth during the forecast period 2020-2025.
Sildenafil Citrate Industry Outlook
Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Sildenafil Citrate Market. In 2019, Sildenafil Citrate Market share is consolidated by the top players present in the market. Sildenafil Citrate Market top 10 companies are Aglowmed Pharmaceutical Ltd, Alembic Chemical Work Co. Ltd, Atlas Laboratory Pvt Ltd, H L Healthcare Pvt Ltd, Ind-Swift Limited, Lupin Laboratory Ltd, Ranbaxy Laboratory Ltd, Sun Rise International Lab Ltd, Torrent Pharmaceutical Ltd and Wisdom Pharmaceutical Co., Ltd among others.
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