Viagra is a drug that allows men to have an erection that lasts more than six hours. Developed by Pfizer, the drug has been a huge commercial success. Since its launch in 1998 until 2021, the drug is estimated to have generated $25 billion in revenue. Sales of Viagra reached a record high in 2021 with 13.8 million prescriptions being filled. However, the pandemic has resulted in most men not being able to obtain a prescription for the drug. This article will examine the current status of Viagra sales by country.
United States Of America
The United States of America is the third-largest country in the world. It is considered an advanced country with a high income per capita. Thanks to the Affordable Care Act, more and more Americans are gaining access to medical care, boosting the country’s overall health and improving life expectancy. This was one of the major factors fueling the growth of Viagra prescriptions in the country.
One of the most populated countries in the world, Americans spend more than a third of their lives sleeping. Due to this, the country is one of the biggest consumers of sleeping pill and anti-insomnia medications. About half of all Americans buy prescription drugs, and many of those buy sedatives. In 2021 alone, retail sales of anti-insomnia medications in America were valued at $16.5 billion.
Viagra’s peak sales years were between 2011 and 2020 in America. The country continues to be a major market for the drug with sales now reaching roughly 4.9 million prescriptions per year. Since many men in the country struggle with poor impulse control and act before thinking, the future of Viagra in America looks promising.
Canada
Canada is one of the largest countries in the world. It is considered an advanced country with a high income per capita and a very well-educated population. Like the United States, Canada has made significant progress in expanding its medical care coverage. This has greatly benefited elderly and other patients who need long-term medications.
One of the most populated countries in the world, over a third of Canadians buy prescription drugs. This figure includes a large number of older adults who need better sleep due to age-related issues. In 2021 alone, Canadian pharmacies dispensed 17 million prescriptions for sleep medications and other drugs classified as psychotropic medications (mood enhancers).
Like in the United States, Canadian men struggle with poor impulse control, resulting in many purchasing Viagra. It is estimated that as of 2020, Canadian pharmacies dispensed 4.5 million prescriptions for Viagra and other ED medications. The future of Viagra in Canada looks promising as well, especially since a large number of elderly men are using the drug.
Cuba
Cuba is a country in the Caribbean region, officially called the Republic of Cuba. It is considered an emerging market economy with a high human development index and a very well-educated population. The country has maintained a high degree of social solidarity during the pandemic and continues to provide free healthcare to its people.
Cuba imports most of its pharmaceuticals due to a lack of local pharmaceutical manufacturers. However, the country does produce a number of domestic medications that are either outdated or unavailable internationally. Since 2016, the Cuban government has allowed for online shopping with travel restrictions and has made it easier for people to order and purchase medications.
As of 2020, there were roughly 7.7 million people living in Cuba, out of which only 1.3 million were of working age. The country’s future looks promising as it has opened up its economy to trade and travel, leading to an increase in the amount of foreign direct investment. This will no doubt benefit the pharmaceutical industry.
Mexico
Mexico is a large country in North America. It is the second-largest Spanish-speaking country after Spain. In 2021 alone, Mexico’s GDP was estimated to be approximately $1.9 trillion, resulting in a per capita income of $22,500. Thanks to the COVID-19 pandemic, the country’s economy was severely damaged. Between April 2020 and March 2021, the value of Mexico’s exports fell by more than 18%, while imports dropped by around 30%. This has had a significant impact on the country’s GDP, falling by 12% in 2020, according to official figures.
One of the most populated countries in the world, Mexico consumes an average of 16.8 kg of medicines per year. Thanks to the country’s health system, many people suffering from chronic illnesses, such as diabetes and hypertension, are able to manage their conditions. This has resulted in a large number of elderly people in Mexico taking a number of prescription medications. In 2020, there were around 66 million people in Mexico. Of those, 10.7 million were 65 years of age or older. This is why the future of medicinal products in Mexico looks promising. The elderly are often the target audience for new drugs, especially those designed to treat Alzheimer’s disease and other dementia-related conditions.
Argentina
Argentina is located in the southern part of South America, bordering with Neuquén, Chile, and putting it in the southern temperate zone. The country officially adopted the metric system back in 1945, so all measurements are now made in kilograms and millimeters. In 2021, Argentina’s GDP was valued at $323.7 billion, with a per capita income of $24,000. Thanks to the health system, people in Argentina can live a very long time. Life expectancy is around 80 years, and many people can expect to live well into their 90s.
One of the most populated countries in the world, Argentina imports a large number of pharmaceuticals. This is mainly due to a lack of local manufacturers, but also because many Argentines buy a lot of medications for relatives and friends abroad. In 2020, there were around 6.9 million people living in Argentina. Of those, 1.9 million were 65 years of age or older. This is why the future of medicinal products in Argentina looks promising. The elderly are often the target audience for new drugs, especially those designed to treat Alzheimer’s disease and other dementia-related conditions. The pandemic has led to more and more older adults in Argentina ordering and filling prescriptions online, as opposed to shopping in person at a pharmacy.
Brazil
Brazil is a megadiverse country located in South America. It is the fourth-largest country in the world. In 2021, Brazil’s GDP was valued at $2.7 trillion, with a per capita income of $25,000. Thanks to the COVID-19 pandemic, most of Brazil’s economic activity has ground to a halt. Since the majority of Brazil’s economy is based on exports, the pandemic has had a significant impact on the country’s GDP, falling by 6.9% in 2020, according to official figures.
The population of Brazil is highly diverse, with hundreds of unique indigenous languages being spoken. Due to this, the country has one of the most linguistically diverse communities in the world. In 2020, there were roughly 144.9 million people in Brazil. Of those, 22.4 million were 65 years of age or older. This is why the future of medicinal products in Brazil looks promising. The elderly are often the target audience for new drugs, especially those designed to treat Alzheimer’s disease and other dementia-related conditions.
Chile
Chile is one of the largest countries in the world. It is the eighth-largest country in the world, spanning across the continent of South America. In 2021, Chile’s GDP was $345 billion, with a per capita income of $19,500. A well-developed country, Chile is one of the most popular travel destinations in the world, due to its beautiful beaches and mountain landscapes. Thanks to the health system, many elderly and otherwise infirm patients are able to live long and healthy lives.
One of the most populated countries in the world, Chile consumes an average of 12 kg of pharmaceuticals per year. Since 2016, Chile has allowed for online shopping with travel restrictions and has made it easier for people to order and purchase medications. In 2020, there were around 7 million people living in Chile. Of those, 2.7 million were 65 years of age or older. This is why the future of medicinal products in Chile looks promising. The elderly are often the target audience for new drugs, especially those designed to treat Alzheimer’s disease and other dementia-related conditions.
Colombia
Colombia is a very large country in Central America. It is the eighth-largest country in the world. Since the turn of the century, Colombia has made significant economic and political progress. In 2021, Colombia’s GDP was $295.2 billion, with a per capita income of $20,600 and a life expectancy of 79.8 years.