Industry Background:
Avanafil is also known as Stendra, is used to treat male sexual function problems. It helps to increase blood flow to the penis to help a man get and keep an erection. This does not protect against sexually against diseases including HIV, syphilis, hepatitis B. This medicine is taken by mouth with or without food. This medicine is taken 15 or 30 minutes before sexual activity. It is responsible for the degradation of cGMP, which produces smooth muscle relaxation in the corpus cavernosum and allows the inflow of blood.This growth is primarily driven by Increasing Investment in Research and Development
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | Million Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Supplies sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as VIVUS Inc. (United States), Sanofi (France), Menarini Group (Italy), Auxilium Pharmaceuticals (United States), Endo International (Ireland), JW Pharmaceutical (South Korea), Sanofi (France), Novartis (Switzerland), Merck & Co. (United States), GlaxoSmithKline (United Kingdom), Allergan (Ireland), Johnson & Johnson (United States) and Pfizer (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2020, Novartis successfully completed the acquisition of The Medicines Company, adding inclisiran, a first-in-class potential cholesterol-lowering treatment. As a result of the merger, the company becomes an indirect wholly-owned subsidiary of Novartis, and the company's stock is no longer traded on the NASDAQ Global Select Market.
In Jun 2019, Acerus Pharmaceuticals Corporation announced health Canada completed the initial screening process for the new drug submission for avanafil. The company mentioned that this product will become a key growth driver for their Canadian men’s health franchise alongside NATESTO.The global Avanafil market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability.
Influencing Trend:
Increase Sale from E-Store
Market Growth Drivers:
Increasing Investment in Research and Development, Increase Number of Laboratories in Merging Countries and Increase Generality of Nephrology
Challenges:
It Has Side Effects Such As Headache, Flushing, or Dizziness and This Medicine Effects Majorly To Heart Patients
Restraints:
High Cost of Implantable Devices, Limited Awareness, and Hesitation for Taking Treatment
Opportunities:
High Growth Potential from Young Age People, Due To High Adoption Rate from Developed Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Avanafil Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Avanafil Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Avanafil players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Avanafil Study Sheds Light on
The Avanafil Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Avanafil industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Avanafil industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.