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A penile prosthesis is one of the prominent treatment options for erectile dysfunction. The penile prosthesis includes implanting a prosthetic device in penis and scrotum which helps the patient to achieve an erection and also to recover his sexual function.
Heart disease, blockages in blood vessels, diabetes, high cholesterol, obesity, spinal cord injuries, Peyronie's disease, excessive tobacco & alcohol consumption, are some of the causes for erectile dysfunction. According to the British Association of Urological Surgeons (BAUS) Limited, an estimated 10.0% of men in the U.K. suffer from erectile dysfunction each year.
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Rising prevalence of erectile dysfunction is a leading factor for the growth of the global penile prosthesis market. According to the University of Wisconsin Hospitals and Clinics, an estimated 5.0% of males above 40 years and 15.0% of males above age 70 years suffer from complete erectile dysfunction worldwide.
Combined with this, rising prevalence of obesity as well as diabetes, growth in spinal cord injuries, rising prevalence of hormonal disorders as well as heart disease are expected to raise the prevalence of erectile dysfunction which represents a higher opportunity for growth in penile prosthesis procedures.
However, high operating costs increased risks of bleeding and infection, and also chances of mechanical failure are restraining factors for the global penile prosthesis market.
Some of the major companies that are present in the global penile prosthesis market are Coloplast, Boston Scientific Corporation, Promedon, ZSI, Zephyr Surgical Implants, Rigicon Inc. and others.
By Implant Type
By End User
Among the segmentation, the inflatable type segment is anticipated to register a significant share in the market owing to higher adoption and cost-effectiveness.
North America is anticipated to dominate the global penile prosthesis market owing to the rising prevalence of erectile dysfunction and clinical benefits offered by penile prosthesis as compared to other treatments, such as a reduction in surgical procedure time and reduced side effects.
Moreover, technological advancements in the treatment of erectile dysfunction are increasing the effectiveness of penile prosthesis. Global Life Technologies, LLC has invented “Erektor” which can be applied externally at the time of sexual intercourse in order to get an erection. According to Environmental Health Trust, men who use excessive cell phones are more prone to erectile dysfunction.
The Asia Pacific and Middle East & Africa are also expected to boost the demand for penile prosthesis procedures owing to the rise in prevalence of erectile dysfunction due to growth in tobacco & alcohol consumption, rising prevalence obesity during the forecast period.
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