Sildenafil Citrate Market, Covid-19 Analysis, By Application Type (Medical, Non-Medical), By Disorder (angina pectoris, erectile dysfunction, pulmonary hypertension, others), By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting (2021-2030)

Global Sildenafil Citrate Market size is forecasted to reach USD xx. xx billion by 2030 growing at a CAGR of xx.xx% during the forecast period. Sildenafil is sold under the brand name viagra which is a medicine that is used for treating erectile dysfunction as well as pulmonary arterial hypertension.

It is still unknown whether it is effective for treating sexual dysfunction in women. The medicine is taken by mouth or injection into the vein. Sildenafil citrate belongs to a group of medicines known as phosphodiesterase 5 inhibitors. These medicines help in preventing an enzyme called phosphodiesterase type 5 from functioning too quickly.

Sildenafil is used on both men as well as women for treating symptoms related to pulmonary arterial hypertension. Due to the rising prevalence of erectile dysfunction owing to increasing public awareness about health and sex-related problems, sedentary lifestyle, rapid product launches by leading market players as well as rising initiatives taken by the government and NGOs for treatment campaigns of sexual disorders are increasing the sildenafil citrate market growth in the recent years.

Global Sildenafil Citrate Market

Covid-19 Impact

It is estimated that more than half of the global population is maintaining government protocols across the world. Not only this but also online pharmacies have mentioned that the sale of sildenafil citrate medicine has significantly increased which will lead the sildenafil citrate market growth.

DRIVING FACTORS

factors such as improper diet, excessive alcohol drinking, and relationship stress, smoking as well as psychological problems in the modern lifestyle have created various issues in the sexual health of the common people, and which is anticipated to drive the sildenafil citrate market.

In order to treat this problem, the demand for medicine has increased at a rapid pace within recent years. Apart from this, the rising awareness about sexual disorders and undertreated disorders created a great deal of morbidity in relationships. Due to the rising awareness campaigns, people are getting a space to discuss sexual health and issues. As a result, the market has witnessed significant demand for such medicines, which is anticipated to drive the sildenafil citrate market growth during the forecast period.

RESTRAINING FACTORS

On the other hand, the presence of herbal remedies, pills, and different other types of medicines cover significant revenue in the sildenafil citrate market. For instance, Tadalafil and Vardenafil are two drugs that have become popular in recent years that are estimated to hamper the overall market growth during the forecast period.

In addition, an increased risk of sexually transmitted diseases is anticipated to hamper the growth of the market.

SEGMENTATION

By Application Analysis

On the basis of application, the sildenafil citrate market is segmented into medical uses as well as non-medical uses. Among these, the medical uses segment holds the highest market share. Sildenafil citrate is used for improving the ability to function in adults with pulmonary arterial hypertension.

Currently, prescriptions by doctors as well as more advancements in medicines with efficiency and benefits for customers have witnessed significant growth related to the medical uses of Sildenafil.

On the other hand, the non-medical segment holds the second-largest share in the global market. Viagra helps in reducing the pulmonary artery pressure at high altitude as well as improve the ability for exercising even at a low oxygen level. Medical uses are known to be the fastest-growing segment and are anticipated to register the highest CAGR over the forecast period due to the rising investments in innovations of medical applications.

BY DISORDER ANALYSIS

Based on disorder, the sildenafil citrate market is segmented into angina pectoris, erectile dysfunction, pulmonary hypertension, and others. Among these erectile dysfunction is witnessing the highest growth. Due to the increasing awareness among people, they are opting for drugs and other medicines which are increasing the sildenafil citrate market growth.

Not only this but also erectile dysfunction is anticipated to continue fastest growth rate during the forecast period owing to the increasing number of diseases and rising awareness programs for the treatment of the diseases.

BY REGION ANALYSIS

On the basis of region, the sildenafil citrate market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. North America dominated the market by having a maximum number of shares. The main reason behind its dominance is the increasing incidence of diseases like hypertension, erectile dysfunction and the presence of the leading market players in the region which have helped them to grow the market infrastructure.

On the other hand, Europe ranks second in terms of geographical segmentation due to the presence of robust healthcare facilities as well as rising favorable government policies for the medication market.

However, Asia Pacific is anticipated to grow at the highest CAGR during the projected timeframe owing to the rapid growth of the healthcare sector, rising awareness among people about the treatment of sexual diseases as well as increasing average income among consumers.

KEY INDUSTRY PLAYERS

Product launches, joint ventures, acquisitions, and mergers are the important strategies that are adopted by the market players in the Sildenafil Citrate market.

LIST OF KEY COMPANIES PROFILED

  • Lupin Laboratory Ltd
  • Sun Rise International Lab Ltd
  • Alembic Chemical Work Co. Ltd.
  • Aglowmed Pharmaceutical Ltd
  • Ranbaxy Laboratory Ltd
  • Torrent Pharmaceutical Ltd
  • Atlas Laboratory Pvt Ltd
  • Wisdom Pharmaceutical Co. Ltd.

Global Sildenafil Citrate Market

KEY INDUSTRY DEVELOPMENTS

  • Lupin Limited launched Sildenafil Tablets USP, 25 mg, 50 mg as well as 100 mg that have got approval from the US Food and Drug Administration previously.

By Segmentation

By Application Type

  • Medical Uses
  • Non-Medical Uses

By Disorders

  • Angina Pectoris
  • Erectile Dysfunction
  • Pulmonary Hypertension
  • Others

By Region:

North America

  • North America, by Country
    • US
    • Canada
    • Mexico
  • North America, by Application Type
  • North America, by Disorder

Europe

  • Europe, by Country
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia           
    • Rest of Europe
  • Europe, by Application Type
  • Europe, by Disorder

Asia Pacific

  • Asia Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Asia Pacific, by Application Type
  • Asia Pacific, by Disorder

Middle East & Africa

  • Middle East & Africa, by Country
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
  • Middle East & Africa, by Application Type
  • Middle East & Africa, by Disorder

South America

  • South America, by Country
    • Brazil
    • Argentina
    • Rest of South America
  • Rest of South America, by Application Type
  • Rest of South America, by Disorder

FAQs Answered in the Report

  • In the sildenafil citrate industry, what are the most important regional markets?
  • What is the market segmentation based on application type?
  • What is the market segmentation based on disorder?
  • What are the different phases of the market’s value chain?
  • What are the major drivers and threats in the market?
  • Who are the main players in the market and what is their structure?
  • What level of rivalry does the sildenafil citrate market have?
  • What are the profit margins in the market?

Objectives of this report:

  • To estimate the market size for the sildenafil citrate market on a regional and global basis.
  • To identify major segments in the sildenafil citrate market and evaluate their market shares and demand.
  • To provide a competitive scenario for the sildenafil citrate market with major developments observed by key companies in the historic years.
  • To evaluate key factors governing the dynamics of the sildenafil citrate market with their potential gravity during the forecast period.

Reasons to Buy This Report:

  • It provides niche insights for a decision about every possible segment helping in the strategic decision-making process.
  • Market size estimation of the sildenafil citrate market on a regional and global basis.
  • A unique research design for market size estimation and forecast.
  • Identification of major companies operating in the market with related developments
  • Exhaustive scope to cover all the possible segments helping every stakeholder in the sildenafil citrate market.

Customization:

This study is customized to meet your specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country
  • Product Specific Competitive Analysis

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