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The global drugs for erectile dysfunction market is expected to decline from $5 billion in 2019 to $3.4 billion in 2020 at a compound annual growth rate (CAGR) of -32.5%. The decline is mainly due to the disruption caused by the lockdown measure across various countries to contain COVID-19 spread.
The erectile dysfunction (ED) drugs market consists of sales of erectile dysfunction (ED) drugs and related services. Erectile dysfunction is the inability to achieve or keep up penile erection in men.
Currently there is less demand for genito-urinary drugs mainly as people are staying at home and are less likely to get exposed to factors that might cause genito-urinary infections, or other hormonal diseases caused by lifestyle changes or eating habits. The market is then expected to recover and grow at a CAGR of 3.7% from 2021 and reach $5.7 billion in 2023.