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Penile Implants Market Size
- Report ID: GMI9426
- Published Date: May 2024
- Report Format: PDF
Penile Implants Market Size
Penile Implants Market was valued at around USD 453.1 million in 2023 and is estimated to grow at 4.7% CAGR from 2024 to 2032, due to the rising incidence of erectile dysfunction. For instance, according to the statistics, by 2025, 322 million men are expected to be affected by ED worldwide, a rise from 152 million men in 1995. As more men experience ED, there is a growing demand for effective treatment options, including penile implants. Advances in surgical techniques and penile implant technology have led to improved outcomes and reduced complication rates associated with implantation procedures.
Moreover, growing prevalence of chronic diseases, rising adoption of erectile dysfunction device, advancement in health analytics, rising healthcare expenditure globally, government initiatives and funding, and increasing education & awareness, are the spreading factors fostering the growth of the market.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Penile Implants Market Size in 2023: | USD 453.1 Million |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 4.7% |
| 2032 Value Projection: | USD 685.8 Million |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 215 |
| Segments covered: | Implant Type, Material, End-use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Penile Implants Market Scope
