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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.
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.
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.
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.
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.