Global Penile Implants Market 2016-2020

Overview of the penile implants market

Technavio’s market research analysts have predicted the global penile implants market to grow slowly at a CAGR of more than 1% during the forecast period. The increasing incidence of prostate cancer worldwide is one of the key factors driving the growth of this market. The treatment for prostate cancer often requires the removal of the prostate gland which can result in impaired sexual function in at least half of the men who undergo this treatment. Although prostate cancer does not directly cause erectile dysfunction (ED), however, the treatment methods such as surgery with radical prostatectomy, hormone therapy, and radiation therapy can lead to ED. 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.

Penile implants market driver

In this industry research report, the analysts have estimated factors such as the emergence of disruptive alternative ED treatment technologies to aid in the growth of this market during the predicted period. 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.

Penile implants market segmentation by application 

• Inflatable penile implant
• Semi-rigid/malleable rod penile implant