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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.
SEOUL: The 1,600% jump in a Covid-19 drugmaker loved by retail traders and big gains for electric-vehicle battery suppliers were among the top highlights this year in South Korea’s stock market.
Shin Poong Pharmaceutical Co, which is developing its malaria drug Pyramax as a treatment for the coronavirus, rose more than any other South Korean stock. Its 16-fold gain also topped the 1,573-member MSCI Asia Pacific Index.
With Tesla Inc’s S&P 500-best performance one of the other major stories of 2020, investors sought out EV plays worldwide. Tesla’s top battery supplier LG Chem Ltd climbed 160%, the second-largest contributor to gains in South Korea’s main stock index.
Covid Drug, EV Batteries Were Winning Korean Stock Bets in 2020
Bloomberg 12/30/2020
The 1,600% jump in a Covid-19 drugmaker loved by retail traders and big gains for electric-vehicle battery suppliers were among the top highlights this year in South Korea’s stock market.
Shin Poong Pharmaceutical Co., which is developing its malaria drug Pyramax as a treatment for the coronavirus, rose more than any other Korean stock. Its 16-fold gain also topped the 1,573-member MSCI Asia Pacific Index.
With Tesla Inc.’s S&P 500-best performance one of the other major stories of 2020, investors sought out EV plays worldwide. Tesla’s top battery supplier LG Chem Ltd. climbed 160%, the second-largest contributor to gains in South Korea’s main stock index.
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