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Penile Implants Market Trends

Report ID: GMI9426 Published Date: May 2024Report Format: PDF
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Penile Implants Market Trends

The growing prevalence of chronic diseases is a significant driver for penile implants industry. As the global population ages, there is a corresponding increase in the prevalence of chronic diseases and age-related sexual health issues, leading to a higher incidence of ED.

  • Erectile dysfunction is strongly associated with various diseases and conditions including prediabetes, diabetes, hypertension, cardiovascular disease, obesity, and metabolic syndrome. These conditions can lead to damage to blood vessels, nerves, and tissues in the penis, impairing erectile function and increasing the likelihood of ED development or progression.
  • According to the World Health Organization, in 2023, the prevalence of erectile dysfunction among obese men was 64.9% and among the morbidly obese was 72.4%. As per the same report, there were significant positive relationships between erectile dysfunction and having a chronic disease.
  • Further, according to the National Institutes of Health, in 2023, in different regions of the world, the prevalence of diabetes mellitus-induced erectile dysfunction (DMED) ranges from 35.8% to 86.1%.
  • Chronic diseases can directly affect erectile function by causing vascular insufficiency, neuropathy, hormonal imbalances, and endothelial dysfunction, which are common underlying mechanisms of ED. Thus, leading to the growth of the market.
Author: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :

How much is the penile implants market worth?+

The market size of penile implants was valued at USD 453.1 million in 2023 and is estimated to grow at a CAGR of over 4.7% from 2024 to 2032, driven by the rising incidence of erectile dysfunction.

Why is the demand for inflatable penile implants rising?+

Inflatable penile implants market is estimated to account for USD 409.2 million by 2032, as they offer superior functionality compared to semi-rigid or malleable implants.

Why is penile implants industry booming in the U.S.?+

U.S. penile implants market size will garner 4.4% CAGR through 2032, driven by an advanced healthcare infrastructure with renowned medical centers and hospitals.

Which are the major penile implants industry players?+

Boston Scientific Corporation, Coloplast Corp, Dornier MedTech, Eska Medical Gmbh, Giant Medical LLC, GT Urological, LLC, Owen Mumford Ltd., and Pos-T-Vac, Inc. among others.

Penile Implants Market Scope

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