Erectile Dysfunction Devices Market Size
| Study Period | 2021 - 2029 |
| Market Size (2024) | USD 1.72 Billion |
| Market Size (2029) | USD 2.70 Billion |
| CAGR (2024 - 2029) | 9.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Erectile Dysfunction Devices Market Analysis
The Erectile Dysfunction Devices Market size is estimated at USD 1.72 billion in 2024, and is expected to reach USD 2.70 billion by 2029, growing at a CAGR of 9.40% during the forecast period (2024-2029).
Factors such as the increasing prevalence of erectile dysfunction (ED), heightened research and development activities, and growing awareness of prostate cancer are anticipated to fuel the market's expansion during the forecast period.
In recent years, the prevalence of erectile dysfunction has surged, largely attributed to escalating cases of chronic conditions like diabetes, heart disease, and obesity. The growing prevalence of these chronic diseases is translating to a larger pool of potential patients globally. For instance, according to a report published by the Journal of Sexual Medicine in March 2024, the prevalence rate of erectile dysfunction was over 24.2%. Moreover, the prevalence increased with age, 52.2% of the 75 and above age group and 48.0% of the age group between 65 and 74 years.
Similarly, according to a report published by the Arab Journal of Urology in July 2023, the prevalence of ED worldwide rose with age and ranged from 1% to 10% in men under 40 years old, while for men over 70, it was as high as 50% to 100%.
Moreover, rising number of product approvals, launches and installations in the erectile dysfunction market are propelling its growth. For instance, in March 2022, Shenzhen Wikkon Medical Apparatus Co., Ltd. Completed the installation of its extracorporeal shock wave lithotripter, model HK.ESWL-108A in East Timor. Similarly, in December 2022, Oh-Med received European Medical Devices Regulation (CE-MDR) approval for its Vertica medical device.
Therefore, owing to the factors mentioned above, such as the growing prevalence of erectile dysfunction and the rise in product approvals, are expected to drive the growth of the erectile dysfunction devices market. However, the presence of alternative drug treatment options is restraining the growth of the market
Erectile Dysfunction Devices Market Trends
Penile Implants Segment is Expected to Witness Significant Growth Over the Forecast Period
Penile implants or penile prostheses are devices that are implanted into the penis for the treatment of treat erectile dysfunction (ED).
Penile implants are designed to achieve and maintain erection. According to a research paper published by the PubMed Journal in April 2024, the advancements in penile prosthesis implantation techniques and postoperative care are rising by enhancing patient satisfaction and improving clinical outcomes through meticulous surgical practices and infection control measures. These innovations, coupled with a multidisciplinary approach and evidence-based strategies, are increasing the adoption of penile implants, reflecting a significant expansion in the market and contributing to the market's growth.
Similarly, according to a report published by the Journal of Sexual Medicine in December 2023, high satisfaction rates observed in penile implants are encouraging the demand for this treatment option. Patients and their partners are increasingly preferring earlier intervention after conservative therapies fail. This trend is expanding the market for penile implants for erectile dysfunction by underscoring their effectiveness and patient preference. Consequently, urologists are being encouraged to offer this solution more frequently.
The rising incidence of ED, often associated with age and various medical conditions, has increased the demand for effective treatment options. For instance, according to a report published by the MDPI in October 2022, the age-specific prevalence of moderate or complete erectile dysfunction ranges from 9% in men aged 40–44 years up to 56% in men over 65 years. The prevalence of ED increases with age and is also more common among men with certain medical conditions, such as diabetes, cardiovascular disease, and prostate cancer.
Therefore, due to the abovementioned factors, the penile implants segment is expected to witness significant growth over the forecast period.
North America is Expected to Dominate the Erectile Dysfunction Devices Market
North America is expected to dominate the market owing to factors such as high consumer awareness about sexual health in the region. Moreover, the rise in the sedentary lifestyle in the area is among the key factors contributing to the growth of the studied market in North America.
Additionally, the rising awareness of erectile dysfunction devices is expected to propel the market's growth. For instance, in May 2023, Rocky, a Toronto startup, launched its anonymous hotline for men. The hotline aims to encourage guys to seek accurate information about health issues such as erectile dysfunction. Similarly, in November 2023, MangoRx launched a charitable initiative for men titled Make America Hard Again. The effort seeks to destigmatize men’s health and prioritize wellness.
Moreover, the high cases of erectile dysfunction in the region are also propelling the growth of erectile dysfunction devices in the market. For instance, according to a report published by Psychology Today in April 2022, over 64% percent of men in the United States, erectile dysfunction (ED) is frequently linked to cardiovascular conditions, with 57% of men experiencing ED following bypass surgery and a significant association with heart attacks. Additionally, over 75% of men with diabetes, 40% of men with renal failure, and 30% of men with COPD report ED. Psychological factors contributing to ED include stress, depression, anxiety, guilt, low self-esteem, relationship issues, and sleep disorders.
The growing prevalence of ED and cardiovascular diseases such as hypertension is expected to drive the growth of the erectile dysfunction devices market in North America, as the demand for these devices is very high.
Therefore, owing to the factors above, the growth of the studied market is anticipated in the North America Region.
Erectile Dysfunction Devices Industry Overview
The Erectile Dysfunction Devices Market is moderately fragmented in nature due to the presence of a several companies operating globally as well as regionally. The competitive landscape includes an analysis of a few international as well as local companies which hold market shares and are well known that includes include Boston Scientific Corporation, Coloplast Group, Rigicon Inc., Promedon GmBH, and Zephyr Surgical Implants, among others.
Erectile Dysfunction Devices Market Leaders
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Coloplast Group
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Rigicon, Inc.
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Boston Scientific Corporation
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Promedon GmBH
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Zephyr Surgical Implants
*Disclaimer: Major Players sorted in no particular order
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Erectile Dysfunction Devices Market News
- March 2024: Coloplast filed a patent for a penile prosthesis with two implants and a pump assembly, allowing for controlled inflation. Each implant consists of a tubular film, scaffold, and liquid volume.
- September 2023: Ohh-Med Medical, a medtech startup, launched Ohh-Med UK, a wholly owned subsidiary located in England, to sell, market, and support sales of the Vertica medical device throughout the United Kingdom. Vertica is the company’s flagship device, for use at home to treat erectile dysfunction.
Erectile Dysfunction Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Prevalance of Erectile Dysfunction
4.2.2 Rise in Research and Development Activities
4.2.3 Rising Prevalance and Awareness of Prostate Cancer
4.3 Market Restraints
4.3.1 Presence of Alternative Drug Treatment Options
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Device Type
5.1.1 Penile Implants
5.1.2 Vaccum Constriction Devices
5.1.3 Shockwave Therapy
5.1.4 Other Device Types
5.2 By Cause of the Dysfunction
5.2.1 Vascular Disorder
5.2.2 Neurological Disorder
5.2.3 Other Causes
5.3 By End User
5.3.1 Hospitals
5.3.2 Clinics
5.3.3 Ambulatory Surgery Centers
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Augusta Medical Systems
6.1.2 Boston Scientific Corporation
6.1.3 Coloplast Group
6.1.4 Medispec Ltd.
6.1.5 Owen Mumford Limited
6.1.6 Promedon GmbH
6.1.7 Rigicon, Inc.
6.1.8 Shenzhen Huikang Medical Apparatus Co., Ltd.
6.1.9 Zephyr Surgical Implants
6.1.10 Zimmer Medizinsysteme GmbH
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Erectile Dysfunction Devices Industry Segmentation
As per the scope of the report, erectile dysfunction devices are medical tools designed to help men achieve and maintain an erection. These devices can either be surgically implanted or are external pumps that create a vacuum around the penis. The erectile dysfunction devices market is segmented by device type, cause of the dysfunction, end user and geography. The device type segment is further divided into penile implants, vacuum constriction devices, shockwave therapy, and other device types. The cause of the dysfunction segment is further segmented into vascular disorders, neurological disorders, and other causes. The End User segment is further bifurcated into hospitals, clinics, and ambulatory surgical centers. The geography segment is further bifurcated into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The report offers the value (in USD) for the above segments.
| By Device Type | |
| Penile Implants | |
| Vaccum Constriction Devices | |
| Shockwave Therapy | |
| Other Device Types |
| By Cause of the Dysfunction | |
| Vascular Disorder | |
| Neurological Disorder | |
| Other Causes |
| By End User | |
| Hospitals | |
| Clinics | |
| Ambulatory Surgery Centers |
| Geography | ||||||||
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Erectile Dysfunction Devices Market Research Faqs
How big is the Erectile Dysfunction Devices Market?
The Erectile Dysfunction Devices Market size is expected to reach USD 1.72 billion in 2024 and grow at a CAGR of 9.40% to reach USD 2.70 billion by 2029.
What is the current Erectile Dysfunction Devices Market size?
In 2024, the Erectile Dysfunction Devices Market size is expected to reach USD 1.72 billion.
Who are the key players in Erectile Dysfunction Devices Market?
Coloplast Group, Rigicon, Inc., Boston Scientific Corporation, Promedon GmBH and Zephyr Surgical Implants are the major companies operating in the Erectile Dysfunction Devices Market.
Which is the fastest growing region in Erectile Dysfunction Devices Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Erectile Dysfunction Devices Market?
In 2024, the North America accounts for the largest market share in Erectile Dysfunction Devices Market.
What years does this Erectile Dysfunction Devices Market cover, and what was the market size in 2023?
In 2023, the Erectile Dysfunction Devices Market size was estimated at USD 1.56 billion. The report covers the Erectile Dysfunction Devices Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Erectile Dysfunction Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Erectile Dysfunction Devices Industry Report
Statistics for the 2024 Erectile Dysfunction Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Erectile Dysfunction Devices analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
