Penile Implants or Penile Prosthesis Market Size, Share 2031

Segments - Global Penile Implants or Penile Prosthesis Market by Types (Inflatable Devices and Semirigid Devices), Applications (Hospitals and Non-hospitals), and Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

The global penile implants or penile prosthesis market is anticipated to expand at a CAGR of 4.6 % during the forecast period, 2021 – 2028. Erectile dysfunction (ED) is often a symptom of another ailment such as renal diseases, liver disorders, atherosclerosis vascular conditions, and diabetes. Rising incidences of ED and these ailments is boosting the market.

Penile prostheses, also known as penile implants, are used to treat ED. Penile implant is a medical device used for treatment of male sexual conditions such as erectile dysfunction, premature ejaculation, treatment resistance impotence, and penile diseases. During the surgery, an inflatable or flexible rod is placed inside the penis. An inflatable rod is affixed with a device that fills it with a saline solution with the help of a pump that is hidden in the scrotum. When the user presses on the pump, the saline solution travels to the device and inflates it, giving him an erection.

Global Penile Implants or Penile Prosthesis Market summary

Men who have tried non-surgical ED treatments undergo penile implants or penile prosthesis. Increasing demand for surgical treatments of ED with penile implants include procedures, which are less traumatic and facilitate quick recovery. These surgeries are performed in ambulatory surgical centers, due to high patient satisfaction and cost-effectiveness.

Market Trends, Drivers, Restraints, and Opportunities:

Increasing incidences of ED and rising awareness about penile diseases and advanced products and procedures are expected to boost the market in the near future.
Growing awareness about cost-effectiveness, minimal recovery time, and high rate of patient satisfaction are expected to boost the penile implants or penile prosthesis market.
Changing lifestyle habits with work-related stress and high consumption of alcohol and tobacco are key factors driving the market in the coming years.
Growing awareness about the side-effects of implants, increased risks of bleeding and infection, chances of mechanical failure, stringent regulations, and availability of alternative treatment are likely to hinder the penile implants or penile prosthesis market during the forecast period.
Rising technological advancements, growing adoption of minimally invasive surgeries (MIS), and growing disposable income are creating opportunities in the market.

Scope of Penile Implants Or Penile Prosthesis Market Report

The report on the global penile implants or penile prosthesis market research report includes an assessment of the market, trends, segments, and regional markets.

Attributes	Details
Report Title	Penile Implants or Penile Prosthesis Market- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Types (Inflatable Devices and Semirigid Devices), Applications (Hospitals and Non-hospitals)
Regional Scope	North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Trends, and Revenue Forecast
Key Players Covered in the Report	American Medical Systems (Boston Scientific), Coloplast, Silimed, Giant Medical, Eska Medical, Promedon, and Zephyr Surgical Implants

Penile Implants Or Penile Prosthesis Market Segment Insights

Inflatable device segment accounts for a considerable market share

Based on types, the market is segmented into inflatable devices and semi-rigid devices. The inflatable penile implant segment held a large share of the market in 2020 and is expected to grow at a rapid pace during the forecast period. Companies developing inflatable penile implants are developing products to reduce the rate of malfunction, decrease susceptibility to infections, and increase patient satisfaction, which in turn, is fueling the segment.

Furthermore, the demand for inflatable devices is increasing, as they are highly durable and reduce susceptibility to infections. Companies are developing inflatable penile implants, which are less costly, durable, and flexible, which in turn, is fueling the segment.

Global Penile Implants or Penile Prosthesis Market Types

Hospital segment dominates the market

On the basis of applications, the penile implants or penile prosthesis market is bifurcated into hospitals and non-hospitals. The hospital segment accounted for a market share of around 60% in 2020. Increasing number of inflatable penile prosthesis procedures being conducted in inpatient or outpatient facilities at hospitals drives the segment. Hospitals are equipped with technologically advanced devices and adopt MIS. Hence, they are preferred by patients, thus propelling the segment.

North America holds a major market share

In terms of regions, the global penile implants or penile prosthesis market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America constituted a dominant share of the global market. Growing demand for surgical treatment options for extended sex life, availability of highly advanced equipment and skilled urologists in the region, rising preference for outpatient settings for MIS procedures, and supportive framework for medical treatments are some factors boosting the market in the region.

The penile implants or penile prosthesis market in Asia Pacific is expected to expand at a high CAGR, due to growing awareness regarding penile procedures, increasing population of people suffering from ED, and availability of advanced tools and equipment in many countries.

Global Penile Implants or Penile Prosthesis Market region

Segments

The global penile implants or penile prosthesis market has been segmented on the basis of

Types

Inflatable Devices
Semi-rigid Devices

Applications

Hospitals
Non-hospital

Regions

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Key Players

American Medical Systems (Boston Scientific)
Coloplast
Silimed
Giant Medical
Eska Medical
Promedon
Zephyr Surgical Implants

Competitive Landscape

Key players operating in the global penile implants or penile prosthesis market include American Medical Systems (Boston Scientific), Coloplast, Silimed, Giant Medical, Eska Medical, Promedon, and Zephyr Surgical Implants.

Global Penile Implants or Penile Prosthesis Market keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Penile Implants or Penile Prosthesis Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Penile Implants or Penile Prosthesis Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Penile Implants or Penile Prosthesis Market - Supply Chain
  4.5. Global Penile Implants or Penile Prosthesis Market Forecast
     4.5.1. Penile Implants or Penile Prosthesis Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Penile Implants or Penile Prosthesis Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Penile Implants or Penile Prosthesis Market Absolute $ Opportunity
5. Global Penile Implants or Penile Prosthesis Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Penile Implants or Penile Prosthesis Market Size and Volume Forecast by Types
     5.3.1. Inflatable Devices
     5.3.2. Semi-rigid Devices
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Penile Implants or Penile Prosthesis Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Penile Implants or Penile Prosthesis Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Penile Implants or Penile Prosthesis Demand Share Forecast, 2019-2026
7. North America Penile Implants or Penile Prosthesis Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Penile Implants or Penile Prosthesis Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Penile Implants or Penile Prosthesis Market Size and Volume Forecast by Types
     7.4.1. Inflatable Devices
     7.4.2. Semi-rigid Devices
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Penile Implants or Penile Prosthesis Demand Share Forecast, 2019-2026
8. Latin America Penile Implants or Penile Prosthesis Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Penile Implants or Penile Prosthesis Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Penile Implants or Penile Prosthesis Market Size and Volume Forecast by Types
     8.4.1. Inflatable Devices
     8.4.2. Semi-rigid Devices
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Penile Implants or Penile Prosthesis Demand Share Forecast, 2019-2026
9. Europe Penile Implants or Penile Prosthesis Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Penile Implants or Penile Prosthesis Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Penile Implants or Penile Prosthesis Market Size and Volume Forecast by Types
     9.4.1. Inflatable Devices
     9.4.2. Semi-rigid Devices
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Penile Implants or Penile Prosthesis Demand Share Forecast, 2019-2026
10. Asia Pacific Penile Implants or Penile Prosthesis Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Penile Implants or Penile Prosthesis Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Penile Implants or Penile Prosthesis Market Size and Volume Forecast by Types
     10.4.1. Inflatable Devices
     10.4.2. Semi-rigid Devices
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Penile Implants or Penile Prosthesis Demand Share Forecast, 2019-2026
11. Middle East & Africa Penile Implants or Penile Prosthesis Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Penile Implants or Penile Prosthesis Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Penile Implants or Penile Prosthesis Market Size and Volume Forecast by Types
     11.4.1. Inflatable Devices
     11.4.2. Semi-rigid Devices
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Penile Implants or Penile Prosthesis Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Penile Implants or Penile Prosthesis Market: Market Share Analysis
  12.2. Penile Implants or Penile Prosthesis Distributors and Customers
  12.3. Penile Implants or Penile Prosthesis Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. American Medical Systems (Boston Scientific)
     12.4.2. Coloplast
     12.4.3. Silimed
     12.4.4. Giant Medical
     12.4.5. Eska Medical
     12.4.6. Promedon
     12.4.7. Zephyr Surgical Implants