This market research study presents a detailed segmentation of the global penile implants market by application (inflatable penile implant and semi-rigid/malleable rod penile implant), and by geography (Americas, APAC, and EMEA). The key leading vendors in the market are American Medical Systems, Coloplast, Promedon, and ZEPHYR Surgical Implants.
Technavio has released a new market research report on the global penile implants market, which is expected to grow at a CAGR of 2% between 2016 and 2020. Growing incidence of ED among the older population and the restricted success of medical treatments like penile injections or vacuum erection devices has increased the demand for penile implants. As penile implants help men with ED, the increase in the number of prostate cancer cases will spur the growth prospects of this market in the coming years. The Americas account for 43% of the total market share owing to increased incidence of ED due to health issues like neurological disorders, prostate cancer, and diabetes.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the market is witnessing the emergence of disruptive alternative ED treatment technologies. Several new technologies are being developed to treat ED including external penile support devices, low-intensity extracorporeal shockwave, penile vibrators, nanotechnology, tissue engineering, and endovascular technology. These technologies are expected to revolutionize the treatment method for ED. Moreover, most research-based studies have shown positive results with this therapy like improved endothelium, muscle, and nerve in the erectile tissue, thereby fueling this market’s growth until the end of 2020,” says Amber Chourasia, Lead Analyst, Lab Automation and Health and Wellness, Technavio Research
The inflatable penile implant segment dominates the global penile implants market, accounting for more than 64% of the overall market share. The risk of internal damage of the penis caused by constant internal pressure is much lower with inflatable penile implants compared to semi-rigid implants. Moreover, compared to semi-rigid implants, inflatable penile implants provide greater satisfaction to the user, thereby driving this market segment’s growth in the next four years.
The leading vendors in the global penile implants market include American Medical Systems, Coloplast, Promedon, and ZEPHYR Surgical Implants. This market has few vendors that together hold the majority of the market share. There are a few players that offer penile implants in their domestic markets, for example, in India, Shah’s Penile Implant is a major player providing a broad range of penile implant products across the country. The vendors in the market compete on the basis of product price, availability, brands, and variety.
A more detailed analysis is available in the Technavio report, Global Penile Implants Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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