The increasing incidence of chronic diseases such as kidney problems, diabetes, neurological diseases, and others are driving the global sexual dysfunction treatment market predicts Fortune Business Insights in their new study. The study is titled ”Female Sexual Dysfunction Treatment Market”, Size, Share and Global Trend By Type (Arousal Disorder, Penetration Disorder, Female Orgasmic Disorder), By Therapy (Estrogen Therapy, Androgen Therapy, Others), By Age (25 Years, 25-40 Years, Above 40 Years) and Geography Forecast Till 2026.”. This report focusses on major factors restricting and driving the growth of the female sexual dysfunction treatment market during the forecast period, 2018 to 2026.
As per the report, the age group of 40 years and above is dominating the current female sexual dysfunction treatment market and anticipated to continue doing so in the coming years. This is attributable to the wide adoption of unhealthy lifestyle resulting in hormonal imbalance, further leading to sexual dysfunction.
New Drug Approvals to Bode Well for Market Players
Companies are focussing on major strategies such as new product launches, company collaborations, and merger and acquisitions for gaining the lion's share in the market. For instance, a new drug application (NDA) of a first-in-class melanocortin-4 receptor called bremelanotide by AMAG Pharmaceuticals was accepted by the Food and Drug Administration (FDA). This drug is meant to treat hypoactive sexual desire disorders (HSDD) among premenopausal women. Such innovations are likely to bode well for the market as well for company portfolio in future.
Some of the companies functioning in the global female sexual dysfunction treatment market are Cipla Inc., Pfizer, Inc., AMAG Pharmaceuticals, Apricus Biosciences, Inc., Merck Co., Inc., GlaxoSmithKline, plc., and others.
An Overview of the Impact of COVID-19 on this Market:
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