Sildenafil Citrate Market - Forecast(2024 - 2030)

Report Code: HCR 68774 Report Format: PDF + Excel

Sildenafil Citrate Market Overview

Sildenafil Citrate Market size is estimated to reach $2.3 billion by 2030, growing at a CAGR of 5.5% during the forecast period 2024-2030. Sildenafil is a prescription medication utilized to treat erectile dysfunction (impotence) in men. It performs by raising blood flow to the penis. This assists men to obtain or keep up an erection. It is classified among the class of medications recognized as phosphodiesterase type 5 (PDE 5) or phosphodiesterase 5 inhibitors. Phosphodiesterase type-5 (PDE-5) or phosphodiesterase 5 inhibitors are a novel class of vasoactive medications that have been established for the treatment of erectile dysfunction (ED). The technique of activity includes active inhibition of the PDE-5 enzyme and consequent boost in cyclic guanosine monophosphate (cGMP) and effortless muscle relaxation in the penis. Sildenafil citrate (Viagra) is a powerful and discriminatory PDE-5 inhibitor, which is the earliest medication in this class to be endorsed for the treatment of ED. Sildenafil citrate (Viagra) is a novel oral medicine that restricts phosphodiesterase 5 (PDE5) in the corpus cavernosum to expedite penile erection for the treatment of male impotence. Sildenafil enhances exercise capability, WHO functional class, and hemodynamics in patients with symptomatic pulmonary arterial hypertension. The surging population of the elderly is set to drive the Sildenafil Citrate. The soaring initiatives adopted by the government and non-governmental organizations to boost awareness of erectile dysfunction including phosphodiesterase 5 inhibitors like Sildenafil Citrate is set to propel the growth of the Sildenafil Citrate Market during the forecast period 2024-2030. This represents the Sildenafil Citrate Industry Outlook.

Report Coverage

The report: “Sildenafil Citrate Market Forecast (2024-2030)”, by Industry ARC, covers an in-depth analysis of the following segments of the Sildenafil Citrate Market.
 
                                          


By Product Type: 25 Mg Tablets, 50 Mg Tablets, 100 Mg Tablets, Capsules, Injections, Oral Jellies, Oral Spray, Tropical Gel
By Intake Type: Mouth, Blood Vein, Skin, Others
By Application Type: Medical Uses, Non-Medical Uses.
By Distribution Channel: Retail Pharmacies, Hospital Pharmacies, Online Pharmacies, Others
By Geography: North America (the U.S, Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), and Rest of The World (Middle East, Africa).

Key Takeaways

• Geographically, North America Sildenafil Citrate Market accounted for the highest revenue share in 2023 and it is poised to dominate the market over the period 2024-2030 owing to the increasing predominance of erectile dysfunction requiring application of phosphodiesterase 5 inhibitors like Sildenafil Citrate in the North American region.

• Sildenafil Citrate Market growth is being driven by the expanding pervasiveness of erectile dysfunction owing to soaring blood pressure, diabetes and smoking, and the inactive lifestyle. However, the misutilization of phosphodiesterase 5 inhibitors like Sildenafil Citrate by completely healthy means for recreational reasons and subsequently become psychologically dependent on the medicine to acquire an erection and this is one of the major factors hampering the growth of Sildenafil Citrate Market.

• Sildenafil Citrate Market Detailed Analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Sildenafil Citrate Market report. 
 
                                           

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Sildenafil Citrate Market Segment Analysis – By Application Type:

The Sildenafil Citrate Market based on application type can be further segmented into Medical Uses and Non-Medical Uses. The Medical Uses Segment held the largest market share in 2023. This growth is owing to the surging application of sildenafil citrate as a phosphodiesterase 5 inhibitor in the treatment of ailments like erectile dysfunction and pulmonary arterial hypertension. The soaring financing in triggering innovation in the different medical applications of Sildenafil Citrate is further propelling the growth of the Medical Uses segment.

Furthermore, the Medical Uses segment is estimated to grow with the fastest CAGR of 6.2% during the forecast period 2024-2030 owing to the heightening application of Viagra (Sildenafil) being a phosphodiesterase 5 inhibitor for the treatment of conditions like mountain sickness, Raynaud’s phenomenon and may help patients with congestive heart failure or diastolic dysfunction based on investigations.

Sildenafil Citrate Market Segment Analysis – By Application:

The Sildenafil Citrate Market based on the application can be further segmented into Erectile Dysfunction, Angina Pectoris, Pulmonary Hypertension, and Others. The Erectile Dysfunction Segment held the largest market share in 2023. This growth is owing to the expanding predominance of erectile dysfunction among men worldwide resulting in the soaring application of phosphodiesterase 5 inhibitors like Sildenafil Citrate. Observance of “National Impotence Day” and initiatives like Men’s Health Month which boost awareness regarding erectile dysfunction are further propelling the growth of this segment.

Furthermore, the Pulmonary Hypertension segment is estimated to grow with the fastest CAGR of 6.3% during the forecast period 2024-2030 owing to the extensive application of Sildenafil Citrate in the treatment of pulmonary arterial hypertension wherein Sildenafil is a phosphodiesterase 5 inhibitor that brings about pulmonary arterial vasodilation and minimization in pulmonary artery pressures based on investigations conducted on dogs.

Sildenafil Citrate Market Segment Analysis – By Geography:

The Sildenafil Citrate Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America (Sildenafil Citrate Market) held the largest share with 41% of the overall market in 2023. The growth of this region is owing to the rising pervasiveness of erectile dysfunction and the existence of superior healthcare infrastructure in the region. The soaring novel R&D initiatives associated with the establishment of new drug molecules, the great demand for erectile dysfunction medications like phosphodiesterase 5 inhibitors including Sildenafil Citrate, and the existence of key players like Torrent Pharma Inc., in the region, are propelling the growth of the Sildenafil Citrate Market in the North American region.

Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2024-2030. This growth is owing to factors like expanded pervasiveness of erectile dysfunction causing contaminations and requiring application of phosphodiesterase 5 inhibitors like Sildenafil Citrate and the boost in the population of the elderly. The burgeoning generic medications industry in conjunction with prevalent social stigma are further fuelling the progress of the Sildenafil Citrate Market in the Asia-Pacific region.

Sildenafil Citrate Market Drivers

Increasing Predominance of Diabetes Is Projected to Drive the Growth Of Sildenafil Citrate Market:

As per the Centers for Disease Control and Prevention (CDC), “men with diabetes are three times more likely to have ED” where ED refers to Erectile Dysfunction. Further updates on CDC indicate that erectile dysfunction is typical in middle-aged and older men and around 30 million men in the U.S. are enduring this condition and growing older does not bring about erectile dysfunction but it does heighten the possibility of acquiring the condition. Sildenafil citrate (Viagra) is designated for the treatment of erectile dysfunction. Sildenafil citrate (Viagra) is a discriminatory inhibitor of cGMP-specific phosphodiesterase 5 (PDE5). The physiological technique accounting for the erection of the penis includes the discharge of nitric oxide (NO) in the corpus cavernosum in response to sexual stimulation. NO initiates the enzyme guanylate cyclase, which leads to regionally elevated levels of cGMP, thereby generating smooth muscle relaxation. By restricting phosphodiesterase 5 (PDE5), sildenafil citrate improves the natural physiological activity of NO and cGMP, thereby permitting patients to achieve an erection. The expanding pervasiveness of diabetes is likely to boost the count of cases with erectile dysfunction resulting in increased application of phosphodiesterase 5 inhibitors like Sildenafil Citrate which is fuelling the growth of the Sildenafil Citrate Market during the forecast period 2024-2030.

Application of Sildenafil Citrate for Treatment of Pulmonary Arterial Hypertension Expected to Boost the Demand of Sildenafil Citrate:

Pulmonary arterial hypertension is an advanced ailment that has a soaring rate of mortality. Prompt treatment is vital owing to these reasons. Treatment options for pulmonary arterial hypertension are restricted by medication tolerability, medication cost, and inconvenience related to administration methods and dosing schedules. Thus, a therapy that offers oral dosing with restricted side effects would demonstrate convenience in administering numerous patients. Sildenafil citrate, the earliest and greatly publicized oral medicine to accept endorsement from the U.S. Food and Drug Administration for erectile dysfunction, has currently been endorsed for treatment of pulmonary arterial hypertension. Sildenafil restricts phosphodiesterase type 5 or phosphodiesterase 5, an enzyme that metabolizes cyclic guanosine monophosphate, thereby improving the cyclic guanosine monophosphate-mediated relaxation and growth restriction of vascular smooth muscle cells, inclusive of those in the lung. On the basis of investigations, it has been discovered that Sildenafil enhances exercise capability, WHO functional class, and hemodynamics in patients with symptomatic pulmonary arterial hypertension. The utilization of sildenafil citrate in the treatment of pulmonary arterial hypertension is driving the growth of the Sildenafil Citrate Market during the forecast period 2024-2030.

Sildenafil Citrate Market Challenges

Contraindications And Risks of Sildenafil Citrate Present Challenges to the Growth of the Sildenafil Citrate Market:

Sildenafil citrate is contraindicated in patients who can need organic nitrates, like nitroglycerin patches or sublingual tablets, owing to the integration of the medications possibly decreasing blood pressure. Currently, there were 16 recorded cases in which a fatal result was faced with the concomitant application of sildenafil citrate. Men with heart conditions who take medications termed as nitrates can establish dangerously low blood pressure if they consume erectile dysfunction pills too. The greater risk determinants for heart ailment, like smoking, obesity, diabetes, sedentary lifestyle, alcohol misutilization, soaring cholesterol, and/or soaring blood pressure, the greater issues can be encountered with consumption of erection medications. Headaches, blurred vision and flushes are some side effects associated with the consumption of erectile dysfunction medications. These issues are hampering the growth of the Sildenafil Citrate Market.

Sildenafil Citrate Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in this market. Sildenafil Citrate top 10 companies include:

  1. Pfizer Inc
  2. Apotex Inc
  3. Torrent Pharmaceuticals Ltd
  4. Teva Pharmaceuticals Industries
  5. Aurobindo Pharma Ltd
  6. Ajanta Pharma Ltd 
  7. Mylan Pharmas Inc
  8. Hetero Labs Ltd V
  9. Amneal Pharms NY
  10. Watson Labs Inc

Acquisitions/Product Launches:

• In August 2023, Aspen Pharmacare, SA's largest pharmaceutical group, expands in Latin America, acquiring a $280 million drug portfolio, including Viagra, from Viatris. The acquisition enhances Aspen's regional presence, leveraging its $150 million cash payment and strategic supply agreements, aiming for completion by October pending regulatory approvals. 

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1. Sildenafil Citrate Market Overview
    1.1 Definitions and Scope
2. Sildenafil Citrate Market - Executive Summary
3. Sildenafil Citrate Market– Market Landscape
    3.1 Company Benchmarking- Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Share Analysis
    3.4 Patent Analysis
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Sildenafil Citrate Market– Startup Company Scenario Premium
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Sildenafil Citrate Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Sildenafil Citrate Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Sildenafil Citrate Market– By Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Sildenafil Citrate Market - By Product Type (Market Size –$Million/$Billion) 
    8.1. Tablets
        8.1.1. 25 Mg Tablets
        8.1.2. 50 Mg Tablets
        8.1.3. 100 Mg Tablets
    8.2. Capsules
    8.3. Injections
    8.4. Oral Jellies
    8.5. Spray
    8.6. Tropical Gel 
9. Sildenafil Citrate Market - By Intake Type (Market Size –$Million/$Billion) 
    9.1. Mouth
    9.2. Blood Vein
    9.3. Skin
    9.4. Others
10. Sildenafil Citrate Market - By Application Type (Market Size –$Million/$Billion) 
    10.1. Medical Uses
        10.1.1. Erectile Dysfunction
        10.1.2. Angina Pectoris
        10.1.3. Pulmonary Arterial Hypertension
        10.1.4. Altitude Sickness
        10.1.5. Exercise-induced Pulmonary Hypertension
    10.2. Non-Medical Uses 
        10.2.1. Recreational
        10.2.2. Others
11. Sildenafil Citrate Market - By Distribution Channel (Market Size –$Million/$Billion) 
    11.1 Retail Pharmacies
    11.2 Hospital Pharmacies
    11.3 Online Pharmacies
    11.4 Others
12. Sildenafil Citrate Market- By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 U.S
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 Germany
        12.2.2 France
        12.2.3 UK
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 South Korea
        12.3.4 India
        12.3.5 Australia & New Zealand
        12.3.6 Rest of Asia-Pacific
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Chile
        12.4.4 Colombia
        12.4.5 Rest of South America
    12.5 Rest Of The World
        12.5.1 Middle East
        12.5.2 Africa
13. Sildenafil Citrate Market- Market Entropy
    13.1 New product launches
    13.2 M&A's, collaborations, JVs, and partnerships
14. Sildenafil Citrate Market– Industry Competition Landscape Premium
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key Companies
        14.1.3 Market Share by Countries – Key Companies
    14.2 Competition Matrix
    14.3 Best Practices for Companies
15. Sildenafil Citrate Market– Key Company List by Country Premium Premium
16. Sildenafil Citrate Market- Company Analysis
    16.1 Pfizer Inc
    16.2 Apotex Inc
    16.3 Torrent Pharmaceuticals Ltd
    16.4 Teva Pharmaceuticals Industries
    16.5 Aurobindo Pharma Ltd
    16.6 Ajanta Pharma Ltd 
    16.7 Mylan Pharmas Inc
    16.8 Hetero Labs Ltd V
    16.9 Amneal Pharms NY
    16.10 Watson Labs Inc 

"*Financials would be provided on a best-efforts basis for private companies"

LIST OF TABLES

LIST OF FIGURES

1.US Sildenafil Citrate Market Revenue, 2023-2030 ($M)
2.Canada Sildenafil Citrate Market Revenue, 2023-2030 ($M)
3.Mexico Sildenafil Citrate Market Revenue, 2023-2030 ($M)
4.Brazil Sildenafil Citrate Market Revenue, 2023-2030 ($M)
5.Argentina Sildenafil Citrate Market Revenue, 2023-2030 ($M)
6.Peru Sildenafil Citrate Market Revenue, 2023-2030 ($M)
7.Colombia Sildenafil Citrate Market Revenue, 2023-2030 ($M)
8.Chile Sildenafil Citrate Market Revenue, 2023-2030 ($M)
9.Rest of South America Sildenafil Citrate Market Revenue, 2023-2030 ($M)
10.UK Sildenafil Citrate Market Revenue, 2023-2030 ($M)
11.Germany Sildenafil Citrate Market Revenue, 2023-2030 ($M)
12.France Sildenafil Citrate Market Revenue, 2023-2030 ($M)
13.Italy Sildenafil Citrate Market Revenue, 2023-2030 ($M)
14.Spain Sildenafil Citrate Market Revenue, 2023-2030 ($M)
15.Rest of Europe Sildenafil Citrate Market Revenue, 2023-2030 ($M)
16.China Sildenafil Citrate Market Revenue, 2023-2030 ($M)
17.India Sildenafil Citrate Market Revenue, 2023-2030 ($M)
18.Japan Sildenafil Citrate Market Revenue, 2023-2030 ($M)
19.South Korea Sildenafil Citrate Market Revenue, 2023-2030 ($M)
20.South Africa Sildenafil Citrate Market Revenue, 2023-2030 ($M)
21.North America Sildenafil Citrate By Application
22.South America Sildenafil Citrate By Application
23.Europe Sildenafil Citrate By Application
24.APAC Sildenafil Citrate By Application
25.MENA Sildenafil Citrate By Application
26.Aglowmed Pharmaceutical Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Wisdom Pharmaceutical Co.,Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Ind-Swift Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.H L Healthcare Pvt Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Alembic Chemical Work Co. Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Torrent Pharmaceutical Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Atlas Laboratory Pvt Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Ranbaxy Laboratory Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Sun Rise International Lab Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Lupin Laboratory Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)