Latin America PDE Inhibitors Market

The size of the Latin America PDE Inhibitors market is anticipated to grow at a steady rate between 2022 to 2027.

PDE-5 inhibitor success drugs mainly drive the Latin America PDE inhibitors market like Viagra and Cialis. It has also been encouraged by the pharmaceutical companies looking out for various other adaptations of PDE inhibitors. Testosterone deficiency, prostate cancer, obesity, hypertension, hyperlipidemia, and taking certain medications could lead to erectile dysfunction, the target disease responsible for selling PDE-5 inhibitor drugs on the market. On-going research on the long-term use of approved PDE inhibitors is estimated to benefit and contribute towards increased revenue for the Latin American PDE inhibitors market.

Currently, the leading sellers in the market are dominantly owned with a high prevalence of erectile dysfunction (ED) and pulmonary hypertension. Factors such as low cost, precise dosage, and stability will play an essential role in maintaining the market growth. In addition, the increasing adoption of unhealthy lifestyle habits, stress, drugs, or substance abuse is raising the prevalence of ED.

Chronic diseases are among the leading causes of death, accounting for a significant share of annual health expenditure across Latin America. Rising healthcare costs associated with chronic diseases such as heart disease, stroke, diabetes, prediabetes, and availability of novel PDE inhibitors are estimated to drive increased adoption of PDE5 inhibitors. Hence, an increase in the health and economic burden of these diseases will warrant continued or increased use of PDE5 inhibitors for remission, promoting the market's growth over the forecast period.

However, in Latin America, key market players are wary of uncertain regulatory conditions that are directly dependent on the unstable economic status in the region is predicted to hamper the growth of the market. Moreover, the burden of taking care of the large patient population is expected to be a big challenge for the Latin America PDE inhibitors market during the forecast period.

This research report on the Latin America PDE inhibitors market has been segmented and sub-segmented into the following categories.

By Drug Type:

• Selective PDE inhibitors     
  • PDE-1
  • PDE-2
  • PDE-3
  • PDE-4
  • PDE-5
  • Others (PDE-6 to PDE-11)
• Non-selective PDE inhibitors           
  • Viagra
  • Cialis
  • Levitra
  • Other Drugs

By Application:

• Pulmonary Hypertension  
• Cardiovascular Diseases    
• Benign Prostate Hyperplasia           
• Respiratory Diseases          
• Neurological Diseases        
• Dermatological Disorders  
• Erectile Dysfunction            
• Other Applications 

By Country:

• Mexico
• Brazil
• Argentina
• Chile
• Rest of Latin America

Geographically, in 2022, the regional market in Brazil had the largest market share; this can be attributed to a large number of factors such as increasing unmet need in the pharmaceutical industry, increase in the older population, availability of PDE inhibitor products, and major players focusing on investing in research and development. According to the IBGE report, the national population in the early 1950s had consisted of 2.63 million older adults or about 4.9% of the total population. While in 2020, the elderly population in Brazil is already recorded over 30.14 million, representing approximately 14.34% of the total population. Since the elderly population is growing rapidly, this will provide growth opportunities in the future.

During the forecast period, Mexico is analyzed to grow at a high CAGR within the Latin American PDE inhibitors market. The strategies adopted by the major players to strengthen their position in the market are estimated to boost the regional market. The local government focuses on improving healthcare infrastructure and increasing access to pharmaceuticals. This is likely to create significant opportunities in the market. In addition, approval of the products, rising healthcare expenditure, and a large target population base would support the growth of the Latin America PDE inhibitors market in this region.

KEY MARKET PLAYERS:

Some of the major manufacturers in the PDE Inhibitors Market are Mist Pharmaceuticals, AstraZeneca, Nusirt Biopharma, Takeda Pharmaceuticals, Bayer AG, Pfizer, Otsuka, Eli Lilly, Verona Pharma, Omeros, Hanmi Science Holding, Celgene Corporation.