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How large is the penile prosthesis market, and what is its growth trajectory?
The penile prosthesis market size has grown strongly in recent years. It will grow from $1.36 billion in 2024 to $1.49 billion in 2025 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to growth in tobacco and alcohol consumption, growth in spinal cord injuries, rise in prevalence of erectile dysfunction, increasing access to healthcare services, and increasing social insurance awareness.
The penile prosthesis market size is expected to see strong growth in the next few years. It will grow to $2.16 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to increasing focus on patient-centric strategies, rising rates of chronic diseases, rising awareness of penile implant surgery, growing acceptance of penile implants, and increasing acceptance of advanced medical treatments. Major trends in the forecast period include technological advancements, expanding healthcare infrastructure, regulatory approvals, and reimbursement policies.
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Which industry factors have accelerated the penile prosthesis market’s expansion?
The increasing incidences of erectile dysfunction are expected to propel the growth of the penile prostheses market going forward. Erectile dysfunction (ED) refers to the consistent inability to achieve or maintain an erection sufficient for satisfactory sexual performance, often causing distress or relationship difficulties. The increasing incidences of erectile dysfunction are due to aging demographics, lifestyle changes including sedentary habits and poor diet, rising prevalence of chronic diseases such as diabetes and hypertension, and psychological stressors in modern society. Penile prostheses provide a long-term solution for men with erectile dysfunction, allowing them to regain sexual function and improve their quality of life. For instance, in April 2023, according to the National Library of Medicine (NLM), a US-based medical library, around 10.3 million men received diagnoses for erectile dysfunction from their healthcare providers and sought treatment in the United States in 2022. Further, approximately 1.7 million men were identified as potential candidates for penile prosthesis implantation. Therefore, increasing incidences of erectile dysfunction are driving the growth of the penile prostheses market.
What are the primary segments of the penile prosthesis market?
The penile prosthesis market covered in this report is segmented –
1) By Implant Type: Inflatable Penile Implant, Malleable Penile Implant
2) By Material: Silicone, Bioflex, Other Materials
3) By End User: Hospitals, Ambulatory Surgery Centers, Urology Centers, Other End User
Subsegments:
1) By Inflatable Penile Implant: Two-Piece Inflatable Penile Implant, Three-Piece Inflatable Penile Implant
2) By Malleable Penile Implant: Semi-Rigid Malleable Penile Implant, Fully Rigid Malleable Penile Implant
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Which firms are leading the penile prosthesis market?
Major companies operating in the penile prosthesis market are Giant Medical., Boston Scientific Corporation, Olympus Corporation, Coloplast A/S, Mentor Corporation, Silimed, American Medical Systems Inc, Promedon S.A., Zephyr Surgical Implants, G Surgiwear Limited, SofMedica, Rigicon Inc, Giant Medical Corporation, Advin Health Care, Penuma Penile Implant, Rigicon, eska medi̇cal, Titan Medical, Eska Jonas Prosthesis, Ams Urology
Which market trends are set to define the future of the penile prosthesis market?
Major companies operating in the penile prostheses market are focusing on developing innovative products, such as penile prosthesis pumps, to enhance the ease of use, reliability, and patient satisfaction. The penile prosthesis pump aims to streamline penile prosthesis use, potentially minimizing patient learning curves and boosting overall device satisfaction. For instance, in November 2023, Boston Scientific Corporation, a US-based medical device company, received FDA approval for its new TENACIO Pump component for the AMS 700 inflatable penile prosthesis. The Tenacio pump aims to enhance user interaction with the device, addressing issues such as valve system sticking that previously necessitated medical intervention. It incorporates ridges for more accessible locations by patients, greater separation between the pump and deflate valve for clearer differentiation, and a redesigned valve system to prevent sticking.
Which geographic trends are shaping the penile prosthesis market, and which region has the highest market share?
North America was the largest region in the penile prosthesis market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the penile prosthesis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Penile Prosthesis Market Report 2025 Offer?
The penile prosthesis market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Penile prostheses, also known as penile implants, are medical devices surgically placed inside the penis to allow men with erectile dysfunction (ED) to achieve an erection. They are generally considered a last-resort treatment due to the invasive nature of the surgery and the risks involved, including infection, device malfunction, and erosion.
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