Pharma Sees Viagra Sales to Fall Down as Exclusivity Expired

By Rahul Gotadki , 14 April, 2023

Viagra has been approved by the U.S. Food and Drug Administration (FDA) to treat male erectile dysfunction. Initially, it was used for hypertension, high blood pressure, and chest pain associated with coronary heart disease.

According to the reports, sildenafil is the generic drug name, later marketed as Viagra. It has been found to induce penile erections sometimes during clinical trials; after that, Pfizer decided to study and sell the drug for erectile dysfunction too. As per the reports, Pfizer's drug became an instant success reaching above $1 billion in global sales in its second year.

North America is the largest region in the erectile dysfunction (ED) drugs market in 2022.Middle East is expected to be the fastest growing region in the forecast period.

In 2013, Pfizer's patent on the usage of sildenafil for erectile dysfunction expired in the European Union. Thus, its success story began to fade even after being a most recognizable drug and often synonymous with sexual performance enhancement. The reports further revealed, at that time, the company in the United States was involved in a patent lawsuit which resulted in the settlement of Teva Pharmaceuticals to launch a generic version of Viagra in 2017.

The loss of exclusivity was seen in major markets such as Japan, Europe, and mainly in the United States, and Viagra sales had a significant effect. Reports have proven that it declined by almost 70 percent between 2012 and 2018. The company's off-patent branded and generic business Upjohn in 2020, which also included Viagra, was spun off later and combined with Mylan to create a new company called Viatris.

Viagra Market

Latest News

Viagra Market
Solar And Wind Energy Leads to Environmental Waste in 2024

Renewable energy is considered as an alternative to fossil fuels. Nations are replacing fossil fuels with renewables to achieve sustainability in the environment. Renewable energy sources regulate specific sectors like electricity, transportation…

Read More

Viagra Market
Sustainable Aviation Fuel From Human Waste Can Accelerate Clean Energy Transition

In the industrial applications and production sector, sustainability will play a significant role in  2024. Industries are growing interested in adopting sustainable approaches in light of the clean energy transition. The aviation industry in 2024…

Read More

Viagra Market
Battery Storage Is The Leading Energy Investment In 2024

Energy storage is the main component in the clean energy transition as it facilitates the storage and discharge of energy. Battery storage is expected to support clean energy transition in the upcoming years. A survey shows battery storage can be a…

Read More

Viagra Market
India Emerges As Leading Net Importer For Finished Steel

India leads the steel industry, being the second largest steel producer globally. However, India finishes as a net importer in the steel industry with finished steel in 2024. According to data from 2023-2024, India emerges as a net importer of…

Read More

Viagra Market
Research Finds Ways To Advance the Magnetic Modelling To Support Electric Transportations

Researchers are diving deep to study the magnetic evolution in today's new world. The newly developed magnets are necessary for green energy transformation as well. Researchers find new methods to remodel the real microstructure of neodymium iron…

Read More

Author Pic
Rahul Gotadki

Assistant Manager