What is the current market size and future outlook for the erectile dysfunction devices market?
The erectile dysfunction devices market size has grown rapidly in recent years. It will grow from $1.87 billion in 2024 to $2.11 billion in 2025 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to an increase in awareness of erectile dysfunction, an increase in acceptance of treatment options, an increase in the aging population, a rise in high prevalence of chronic conditions, increase in improvements in device safety and efficacy.
The erectile dysfunction devices market size is expected to see rapid growth in the next few years. It will grow to $3.39 billion in 2029 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to the rising prevalence of erectile dysfunction, increasing focus on personalized treatments, growing telemedicine and remote consultations, a rise in supportive healthcare policies and insurance coverage, and increasing non-invasive treatment options. Major trends in the forecast period include the development of smart devices with integrated monitoring, the adoption of minimally invasive treatments, the adoption of home-based treatment options, advancements in biocompatible materials, and the integration of artificial intelligence for personalized care.
Get Your Free Sample of The Global Erectile Dysfunction Devices Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18813&type=smp
Which Market drivers have played a significant role in driving the erectile dysfunction devices market?
The rise in the prevalence of prostate cancer is expected to propel the growth of the erectile dysfunction devices market going forward. Prostate cancer is a type of cancer that originates in the prostate gland, a small organ located below the bladder in men, which is responsible for producing a component of semen. The rise in prostate cancer cases is attributed to factors such as aging populations, improved detection methods, and lifestyle changes that may contribute to the disease’s prevalence. Erectile dysfunction devices assist prostate cancer patients by improving sexual function and quality of life after treatment, which can often impact erectile capabilities. For instance, in January 2024, according to Cancer Australia, an Australia-based government-operated cancer control agency, an estimated 24,217 new cases of prostate cancer will be diagnosed in Australia in 2022. A male in 2022 is estimated to have a 1 in 6 (or 17%) risk of being diagnosed with prostate cancer by the age of 85. Additionally, the age-standardized incidence rate is projected to be 151 cases per 100,000 males, with a 1 in 55 (or 1.8%) risk of dying from prostate cancer by age 85. Therefore, the rise in the prevalence of prostate cancer is driving the growth of the erectile dysfunction devices market.
What are the key segments within the erectile dysfunction devices market?
The erectile dysfunction devices market covered in this report is segmented –
1) By Device Type: Non-Surgical Devices, Surgical Devices
2) By Cause: Diabetes, Neurological Disorders, Hypertension, Other Causes
3) By Approach: Invasive, Non-Invasive
4) By Age Group: Less Than 40 Years, 40-60 Years, More Than 60 Years
5) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-Users
Subsegments:
1) By Non-Surgical Devices: Penile Pumps (Vacuum Erection Devices), External Penile Prostheses, Erectile Dysfunction Medications (Oral, Topical), Penile Traction Devices, Intraurethral Suppositories
2) By Surgical Devices: Penile Implants (Inflatable, Semi-Rigid), Penile Prostheses (Inflatable, Non-Inflatable), Vascular Surgery Devices (Penile Artery Surgery)
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/erectile-dysfunction-devices-global-market-report
Which key players are shaping the erectile dysfunction devices market?
Major companies operating in the erectile dysfunction devices market are Boston Scientific Corporation, Medline Industries LP, Coloplast Corporation, Hollister Incorporated, MTS Medical AG, Alma Lasers Ltd., Owen Mumford Ltd., Shenzhen Huikang Medical Apparatus Co. Ltd., Storz Medical AG, UroMatrix Medical Systems, Medispec Ltd., Zephyr Surgical Implants, Timm Medical Technologies Inc., Promedon GmbH, Zimmer MedizinSysteme GmbH, Mercury Healthcare Pvt. Ltd., Rigicon Inc., NOVAmedtek, Tyna International Ltd., Vacurect, The Elator, Pos-T-Vac Medical Inc., Silimed Indústria de Implantes
Which transformative trends will shape the erectile dysfunction devices market landscape?
Major companies operating in the erectile dysfunction devices market are developing technologically advanced products, such as non-invasive erectile dysfunction devices, to gain a competitive edge in the market. A non-invasive erectile dysfunction device is a medical tool designed to enhance or restore erectile function without requiring surgical procedures, often utilizing methods like vacuum therapy, electrical stimulation, or penile implants that do not penetrate the body. For instance, in June 2024, Ohh-Med Medical, an Israel-based medical equipment manufacturer, launched the VerticaPlus device for erectile dysfunction. This innovative device features a unique cloud-based mobile app that enhances the therapy experience by offering real-time feedback and quality tracking. The upgraded version incorporates the app as a personal coach throughout the treatment, providing ongoing feedback, step-by-step tutorials, and customized settings to deliver more precise and effective therapy.
How do regional factors impact the erectile dysfunction devices market, and which region is the largest contributor?
North America was the largest region in the erectile dysfunction devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the erectile dysfunction devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Erectile Dysfunction Devices Market Report 2025 Offer?
The erectile dysfunction devices market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Erectile dysfunction devices are medical tools designed to help individuals with erectile dysfunction (ED) attain and maintain an erection sufficient for sexual activity. These devices operate using different methods, such as suction, constriction, or medication delivery, to improve blood flow to the penis or support its rigidity.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18813
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
