logo image
search icon
Erectile Dysfunction Devices Market

Erectile Dysfunction Devices Market Size, Share & Trends Analysis Report by Product (Penile Implants, Shockwave Therapy Devices, Vacuum Therapy Devices, Others), By Approach (Invasive and Non-Invasive), By End-User (Hospitals, Ambulatory Surgical Centers (ASCs)), Region And Segment Forecasts, 2024-2031

Report ID : 1947 | Published : 2024-05-16 | Pages: 180 | Format: PDF/EXCEL

The Global Erectile Dysfunction Devices Market Size is valued at 1.69 billion in 2023 and is predicted to reach 3.62 billion by the year 2031 at a 10.12% CAGR during the forecast period for 2024-2031. 

Key Industry Insights & Findings from the Report:

  • The growing prevalence of prostate cancer and other underlying health conditions are driving the erectile dysfunction market.
  • Erectile dysfunction devices offer a non-invasive, drug-free alternative, appealing to patients seeking convenience and discretion, thus driving market growth.
  • North America dominated the market and accounted for a global revenue share in 2023.
  • Low awareness regarding prostate health among men poses a challenge for the erectile dysfunction market.

Erectile Dysfunction Devices Market

Patients with erectile dysfunction initially choose non-surgical alternatives such as injections, oral phosphodiesterase type-5 inhibitors (Viagra, Cialis, and others), suppositories, and penile pumps. The most popular choice for men seeking treatment for erectile dysfunction, however, is a penile implant if a patient does not respond to any of the aforementioned treatments.

According to the Cleveland Clinic, a non-profit academic medical centre with headquarters in Ohio, the United States, about 20,000 American males choose to have a penile implant each year. In the United States, penile implants are a common treatment choice, which is expected to spur market expansion over the upcoming years. Numerous awareness programmes focusing on the treatment of erectile dysfunction must be launched due to the condition's increased prevalence. Many companies, including Pfizer, are focusing on starting erectile dysfunction awareness programmes.

European impotence awareness campaigns and unbranded erectile dysfunction awareness campaigns aimed towards younger men are a couple of notable examples. For instance, in the United States, February 14 is recognised as National Impotence Day, on which the government and healthcare professionals raise public awareness of erectile dysfunction, its causes, and the range of treatment options available. They also pay attention to the various forms of erectile dysfunction and how it affects mental health. 

Competitive Landscape:

Some of the Erectile Dysfunction Devices market players are:

  • Boston Scientific Corporation
  • Coloplast Group
  • Rigicon, Inc.
  • Promedon Gmbh
  • Zephyr Surgical Implants
  • Owen Mumford Ltd.
  • Augusta Medical Systems Llc
  • Shenzhen Huikang Medical Apparatus Co., Ltd.
  • Zimmer Medizinsysteme Gmbh
  • Medispec Ltd.
  • Mts Medical Ug
  • Novamedtek
  • Storz Medical Ag
  • The Elator
  • Timm Medical
  • Ohh-Med Medical Ltd.
  • Comphya Sa
  • Direxgroup
  • Advin Health Care
  • Giddy
  • Global Life Technologies Ltd. 

Market Segmentation:

The Erectile Dysfunction Devices market is segmented on the basis of treatment type, approach, and end user. Treatment type segment includes Shockwave Therapy Devices,  Penile Implants, Vacuum Therapy Devices, and Others. Approach segments include Invasive and Non-invasive implants. End user segment includes Hospitals & Clinics, Ambulatory Surgery Centers, Pharmacies, and Others.

Based On Treatment Type, The Penile Implant Segment Is Accounted As A Major Contributor In The Erectile Dysfunction Devices Market

The penile implant category is expected to hold a major share of the global Erectile Dysfunction Devices market. Vacuum constriction devices, penile implants, shockwave therapy, and other device types are the main segments of the worldwide erectile dysfunction devices market. The market category expected to experience the highest growth rate is shockwave therapy. The non-invasive nature of the procedure, the absence of tablets or other pharmaceuticals, the expansion of companies making shockwave devices, and the rise of research into the use of shockwave therapy for the treatment of erectile dysfunction are expected to notice favourable market growth during the forecast period.

The Ambulatory Surgery Centers Segment Witnessed Growth At A Rapid Rate

Due to a number of factors, the ambulatory surgical centres (ASCs) sector is anticipated to experience the most noteworthy growth in the market for erectile dysfunction devices. First off, ASCs offer a practical and affordable alternative for outpatient operations, such as the installation of devices for erectile dysfunction. They provide a welcoming and specialised setting that is furnished with the tools and qualified medical personnel required to carry out these treatments. Second, the demand for procedures carried out in ASCs is fueled by patients and healthcare professionals' growing desire for minimally invasive therapies.

In addition to improving patient happiness, this section enables shorter hospital stays, fewer post-operative problems, and quicker recovery times. This area of the market for erectile dysfunction products is also growing due to the growing healthcare infrastructure and the increase in ASCs around the world.

In The Region, The North America Erectile Dysfunction Devices Market Holds A Significant Revenue Share

The erectile dysfunction devices market is expected to be dominated by the North American region for a number of reasons. Due to reasons including an ageing population and concerns with lifestyle, erectile dysfunction is pervasive in North America. This generates a sizable patient pool and increases the need for erectile dysfunction devices in the area. Second, the region has a state-of-the-art healthcare infrastructure, cutting-edge technology, and an advantageous reimbursement system that encourages the adoption of these devices.

The dominance of the North American segment in the erectile dysfunction devices market is also attributed to the existence of significant market participants, intensive research and development efforts, and a strong focus on men's health. Increased understanding and acceptance of erectile dysfunction as a curable ailment further add fuel to the market. Furthermore, the Asia Pacific region remains the fastest-growing market.

Recent Developments:

  • In Nov 2023, Boston Scientific has received FDA approval for the Tenacio pump component of the AMS 700 inflatable penile prosthesis (IPP). The AMS 700 IPP provides a therapeutic alternative for individuals suffering from erectile dysfunction.
  • In September 2023, Ohh-Med Medical established a presence in the UK, introducing a nonpharmaceutical treatment option for erectile dysfunction, thus broadening accessibility to the Vertica medical device.

Erectile Dysfunction Devices Market Report Scope:

Report Attribute

Specifications

Market Size Value In 2023

USD 1.69 Bn

Revenue Forecast In 2031

USD 3.62 Bn

Growth Rate CAGR

CAGR of 10.12% from 2024 to 2031

Quantitative Units

Representation of revenue in US$ Bn, volume (number of units) and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

Treatment Type, Approach, And End User

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

Boston Scientific Corporation, Coloplast Corp., Zephyr Surgical Implants, Owen Mumford Ltd., Augusta Medical Systems, Storz Medical AG, Promedon, The Elator, Timm Medical, and Silimed

Customization Scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

 

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Erectile Dysfunction Devices Market Snapshot

Chapter 4. Global Erectile Dysfunction Devices Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis of Metaverse Industry
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. COVID-19 Impact on Metaverse Industry

Chapter 5. Market Segmentation 1: By Product Estimates & Trend Analysis
5.1. By Product & Market Share, 2023-2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Product:

5.2.1. Penile Implants,
5.2.2. Shockwave Therapy Devices,
5.2.3. Vacuum Therapy Devices,
5.2.4. Others

Chapter 6. Market Segmentation 2: By Approach Estimates & Trend Analysis
6.1. By Product & Market Share, 2023-2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Approach:

6.2.1. Invasive
6.2.2. Non-Invasive

Chapter 7. Market Segmentation 3: By End-User Estimates & Trend Analysis
7.1. By Product & Market Share, 2023-2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following By End-User:

7.2.1.1. Hospitals,
7.2.1.2. Ambulatory Surgical Centers (ASCs),
7.2.1.3. Others

Chapter 8. Erectile Dysfunction Devices Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Erectile Dysfunction Devices Market revenue (US$ Million) estimates and forecasts By Product, 2019-2031
8.1.2. North America Erectile Dysfunction Devices Market revenue (US$ Million) estimates and forecasts By Approach, 2019-2031
8.1.3. North America Erectile Dysfunction Devices Market revenue (US$ Million) estimates and forecasts By End-User, 2019-2031
8.1.4. North America Erectile Dysfunction Devices Market revenue (US$ Million) estimates and forecasts by country, 2019-2031

8.1.4.1. U.S.
8.1.4.2. Canada

8.2. Europe

8.2.1. Europe Erectile Dysfunction Devices Market revenue (US$ Million) by By Product, 2019-2031
8.2.2. Europe Erectile Dysfunction Devices Market revenue (US$ Million) estimates and forecasts By Approach, 2019-2031
8.2.3. Europe Erectile Dysfunction Devices Market revenue (US$ Million) estimates and forecasts By End-User, 2019-2031
8.2.4. Europe Erectile Dysfunction Devices Market revenue (US$ Million) by country, 2019-2031

8.2.4.1. Germany
8.2.4.2. Poland
8.2.4.3. France
8.2.4.4. Italy
8.2.4.5. Spain
8.2.4.6. UK
8.2.4.7. Rest of Europe

8.3. Asia Pacific

8.3.1. Asia Pacific Erectile Dysfunction Devices Market revenue (US$ Million) by By Product, 2019-2031
8.3.2. Asia Pacific Erectile Dysfunction Devices Market revenue (US$ Million) estimates and forecasts By Approach, 2019-2031
8.3.3. Asia Pacific Erectile Dysfunction Devices Market revenue (US$ Million) estimates and forecasts By End-User, 2019-2031
8.3.4. Asia Pacific Erectile Dysfunction Devices Market revenue (US$ Million) by country, 2019-2031

8.3.4.1. China
8.3.4.2. India
8.3.4.3. Japan
8.3.4.4. Australia
8.3.4.5. Rest of Asia Pacific


8.4. Latin America

8.4.1. Latin America Erectile Dysfunction Devices Market revenue (US$ Million) by By Product, 2019-2031
8.4.2. Latin America Erectile Dysfunction Devices Market revenue (US$ Million) estimates and forecasts By Approach, 2019-2031
8.4.3. Latin America Erectile Dysfunction Devices Market revenue (US$ Million) estimates and forecasts By End-User, 2019-2031
8.4.4. Latin America Erectile Dysfunction Devices Market revenue (US$ Million) by country, (US$ Million) 2019-2031

8.4.4.1. Brazil
8.4.4.2. Rest of Latin America

8.5. Middle East & Africa

8.5.1. Middle East & Africa Erectile Dysfunction Devices Market revenue (US$ Million) by By Product, (US$ Million)
8.5.2. Middle East & Africa Erectile Dysfunction Devices Market revenue (US$ Million) estimates and forecasts By Approach, 2019-2031
8.5.3. Middle East & Africa Erectile Dysfunction Devices Market revenue (US$ Million) estimates and forecasts By End-User, 2019-2031
8.5.4. Middle East & Africa Erectile Dysfunction Devices Market revenue (US$ Million) by country, (US$ Million) 2019-2031

8.5.4.1. South Africa
8.5.4.2. GCC Countries
8.5.4.3. Rest of MEA

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles

9.2.1. Boston Scientific Corporation
9.2.2. Coloplast Group
9.2.3. Rigicon, Inc.
9.2.4. Promedon Gmbh
9.2.5. Zephyr Surgical Implants
9.2.6. Owen Mumford Ltd.
9.2.7. Augusta Medical Systems Llc
9.2.8. Shenzhen Huikang Medical Apparatus Co., Ltd.
9.2.9. Zimmer Medizinsysteme Gmbh
9.2.10. Medispec Ltd.
9.2.11. Mts Medical Ug
9.2.12. Novamedtek
9.2.13. Storz Medical Ag
9.2.14. The Elator
9.2.15. Timm Medical
9.2.16. Ohh-Med Medical Ltd.
9.2.17. Comphya Sa
9.2.18. Direxgroup
9.2.19. Advin Health Care
9.2.20. Giddy
9.2.21. Global Life Technologies Ltd.

Segmentation of Erectile Dysfunction Devices Market-

Erectile Dysfunction Devices Market By Treatment Type-

  • Penile Implants
  • Shockwave Therapy Devices
  • Vacuum Therapy Devices
  • Others 

Erectile Dysfunction Devices Market

Erectile Dysfunction Devices Market By Approach

  • Invasive
  • Non-Invasive

Erectile Dysfunction Devices Market By End User-

  • Hospitals & Clinics
  • Ambulatory Surgery Centers
  • Pharmacies
  • Others

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa

Rest of Middle East and Africa

 InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

user icon
office icon
mail icon
call icon

This website is secure, and we do not share your personal information with any third party. Privacy Policy

Need Customization
Need specific information/chapter from the report of the custom data table, graph or complete report? Tell us more.

Frequently Asked Questions

How big is the Erectile Dysfunction Devices Market?

Erectile Dysfunction Devices Market expected to grow at a 10.12% CAGR during the forecast period for 2024-2031

Boston Scientific Corporation, Coloplast Corp., Zephyr Surgical Implants, Owen Mumford Ltd., Augusta Medical Systems, Storz Medical AG, Promedon, The

Our Clients

  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo

Media Citations

  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo

Growth opportunities and latent adjacency in Medical Devices

Select Licence Type
$4456
$7786
$10000
$1200
Get Your GTM Strategy

Navigate market entry with channel selection, launch strategy & timeline, and pricing model support.

Equip yourself with the insights needed to develop a winning go-to-market strategy

Get real-time updates and joint control over project direction with our collaborative approach