Penile Prosthesis Market Size, Share and Global Trend By Implant Type (Inflatable penile implant, Malleable penile implant), By End User (Hospitals, Ambulatory Surgery Centers, Urology Centers, Others) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI101126 | Status : Ongoing

KEY MARKET INSIGHTS

A penile prosthesis is one of the prominent treatment options for erectile dysfunction. The penile prosthesis includes implanting a prosthetic device in penis and scrotum which helps the patient to achieve an erection and also to recover his sexual function.

Heart disease, blockages in blood vessels, diabetes, high cholesterol, obesity, spinal cord injuries, Peyronie's disease, excessive tobacco & alcohol consumption, are some of the causes for erectile dysfunction. According to the British Association of Urological Surgeons (BAUS) Limited, an estimated 10.0% of men in the U.K. suffer from erectile dysfunction each year.

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Rising prevalence of erectile dysfunction is a leading factor for the growth of the global penile prosthesis market. According to the University of Wisconsin Hospitals and Clinics, an estimated 5.0% of males above 40 years and 15.0% of males above age 70 years suffer from complete erectile dysfunction worldwide.

Combined with this, rising prevalence of obesity as well as diabetes, growth in spinal cord injuries, rising prevalence of hormonal disorders as well as heart disease are expected to raise the prevalence of erectile dysfunction which represents a higher opportunity for growth in penile prosthesis procedures.

However, high operating costs increased risks of bleeding and infection, and also chances of mechanical failure are restraining factors for the global penile prosthesis market.

Key Players Covered

Some of the major companies that are present in the global penile prosthesis market are Coloplast, Boston Scientific Corporation, Promedon, ZSI, Zephyr Surgical Implants, Rigicon Inc. and others.

SEGMENTATION

ATTRIBUTE	DETAILS
By Implant Type	Inflatable penile implant Malleable penile implant
By End User	Hospitals Ambulatory Surgery Centers Urology Centers Others
By Geography	North America (USA and Canada) Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) Latin America (Brazil, Mexico and Rest of Latin America) Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Among the segmentation, the inflatable type segment is anticipated to register a significant share in the market owing to higher adoption and cost-effectiveness.

Key Insights

The regulatory scenario for key countries

Prevalence of erectile dysfunction for key countries

Recent advancements in global penile prosthesis market

Recent industry developments such as partnerships, mergers, and acquisitions

Regional Analysis

North America is anticipated to dominate the global penile prosthesis market owing to the rising prevalence of erectile dysfunction and clinical benefits offered by penile prosthesis as compared to other treatments, such as a reduction in surgical procedure time and reduced side effects.

Moreover, technological advancements in the treatment of erectile dysfunction are increasing the effectiveness of penile prosthesis. Global Life Technologies, LLC has invented “Erektor” which can be applied externally at the time of sexual intercourse in order to get an erection. According to Environmental Health Trust, men who use excessive cell phones are more prone to erectile dysfunction.

The Asia Pacific and Middle East & Africa are also expected to boost the demand for penile prosthesis procedures owing to the rise in prevalence of erectile dysfunction due to growth in tobacco & alcohol consumption, rising prevalence obesity during the forecast period.

Key Industry Developments

In March 2019, Palm Beach Gardens Medical Centre, a Florida based medical centre launched an innovative program for the treatment of erectile dysfunction. The program is offering penile prosthesis for the patients who are suffering from erectile dysfunction.

In January 2018, Duke Division of Urology, an U.S. based institute launched the Prosthetics Registry and Outcomes in Urology at Duke with aim to assess patient’s satisfaction level who has gone a penile implant surgery. The new initiative will help the surgeons to improve the quality of surgery with the help of collected data.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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