Reduced interest in the desire for sex is experienced by most people at some age. It becomes a problem for a man when he can no longer satisfy the sexual needs of his partner.
There are very many factors, both physical and emotional which can cause a lowering in libido. Physical causes include diseases and drugs. Emotional factors can be stress, worry, grief, anxiety about satisfying their partner, fear of the consequences of sexual activities, like STDs, conflicts between partners, boredom in long term relationships, etc. It is important for couples in a long- term relationship to work actively in their sex life. Low sexual desire in older men can be caused by a low level of the hormone androgen.
Hormonal deficiency can sometimes be treated with hormone injections. Discussing problems and being prepared to enjoy intimacy on all levels can help but couple may need professional.