SOURCE: MarketResearch.com

MarketResearch.com

January 23, 2012 08:59 ET

Market Research Forecasts Men's Health Market Growth at 4.1% CAGR Through 2017

ROCKVILLE, MD--(Marketwire - Jan 23, 2012) - MarketResearch.com has announced the addition of the new report "Men's Health Therapeutics Market to 2017 - Availability of Generic Sildenafil from 2012 to Restrain Market Growth" to their collection of Therapeutic Area market reports. For more information, visit http://www.marketresearch.com/GBI-Research-v3759/Men-Health-Therapeutics-Availability-Generic-6768948/

The global men's health therapeutics market has been one of the fastest growing markets in the pharmaceutical industry. However, the market growth is expected to slow down in the future due to various restraints such as the expiry of the patents of key drugs, and a low treatment seeking and diagnosis rate. Nevertheless, the global men's health therapeutics market is still forecast to grow at a moderate rate in the future.

In 2010, the global men's health market was estimated to be worth $9,162m, representing a Compound Annual Growth Rate (CAGR) of 8.4% between 2002 and 2010. By 2017, the global men's health market is estimated to reach $12,163m, indicating a CAGR of 4.1% between 2010 and 2017. The major reason for the reduced growth rate is the first patent expiry of the blockbuster drug, Viagra (sildenafil citrate) in 2012. The drug contributes significantly to the entire men's health market, and accounts for more than 55% of the market's revenue. As a result, the patent expiry of this drug will directly affect the market's growth.

The men's health pipeline portfolio comprises both me-too and first-in-class molecules in the late stage of development. These molecules are expected to be launched during the forecast period. Some of these pipeline candidates offer improved therapeutic outcomes and a better safety profile compared to current market products. If launched, these drugs will offer physicians and patients better treatment options. This will boost the market growth.

For more information, visit http://www.marketresearch.com/GBI-Research-v3759/Men-Health-Therapeutics-Availability-Generic-6768948/

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