According to FutureWise analysis the market for erectile dysfunction devices in 2023 is US$ 1.7 billion, and is expected to reach US$ 3.39 billion by 2031 at a CAGR of 9.02%.
Patients with erectile dysfunction often start with non-surgical treatments such oral phosphodiesterase type-5 inhibitors (Viagra, Cialis, and others), injections, suppositories, and penile pumps. If a patient does not respond to all of the above-mentioned treatments, a penile implant has been proven to be the most popular treatment choice for males with erectile dysfunction. According to the Cleveland Clinic, a non-profit academic medical hospital situated in Ohio, around 20,000 American males get a penile implant procedure each year. In the United States, penile implants are becoming a more widely acknowledged treatment option, which is expected to drive market expansion over the forecast period. Furthermore, roughly 85.9% of the total 63,013 total penile implantation procedures were performed, according to a study published in Translational Andrology and Urology. The inability to obtain and maintain a hard adequate erection for sexual intercourse is known as erectile dysfunction (impotence). Symptoms of erectile dysfunction may include persistent: difficulty achieving an erection, difficulty maintaining an erection, or decreased sexual desire. Chronic disorders such as heart disease, stroke, cancer, type 2 diabetes, obesity, arthritis, chronic kidney, liver disease, and chronic obstructive pulmonary disease all disrupt blood vessels, nerves, and hormone levels in the body, resulting in erectile dysfunction.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Erectile Dysfunction Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Erectile Dysfunction Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.