The Erectile Dysfunction Devices Market was valued at USD 1.62 billion in 2020, growing at a CAGR of 9.44% during the anticipated period 2021-26, to reach USD 2.77 billion by 2026.
Erectile Dysfunction Devices Market has increased owing to the rising prevalence of erectile dysfunction cases among men. According to the CDC 2021, getting aged does not cause erectile dysfunction, but it does increase the chances of being affected by it. Thereby, the rise in the geriatric population of men is a significant factor that boosts the growth of the Erectile Dysfunction Devices Market.
Some of the key Erectile Dysfunction companies operating in the market with their therapeutic products in various stages of development include Coloplast Corporation, MTS Medical UG, NOVAmedtek, Shenzhen Huikang Medical Apparatus Co., Ltd., Zimmer Aesthetics, Augusta Medical Systems, Medispec Ltd., Promedon, UroMatrix Medical Systems, Pos-T-Vac Medical, Owen Mumford Ltd, Vacurect Manufacturing (PTY) Ltd., Boston Scientific Corporation, Global Life Technologies LLC, Zephyr Surgical Implants, The Elator, SLIMED, Tyna International Ltd., STORZ MEDICAL AG, Reflexonic, LLC, and others.
DelveInsight’s “Erectile Dysfunction Devices Market Insight & Forecast” report will offer an in-depth understanding of the Erectile Dysfunction market, further benefiting the competitors or stakeholders operating in the Erectile dysfunction device arena.
Erectile Dysfunction Devices Overview
Erectile Dysfunction is one of the most familiar disorders reported in men across all age groups. It is defined as the inability to maintain an erection firm enough to engage in sexual intercourse. Even though erectile dysfunction occurs sporadically, it is concerning when it occurs frequently and requires medical attention.
Erectile dysfunction devices are designed to focus on the underlying cause of erectile dysfunction. Since erection is caused by an increased blood flow into the penis, most devices work in the same way to induce penile erection by providing that to the penis.
Technological advancements have led to the development of numerous devices that help treat erectile dysfunction and can also be used by patients themselves.
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Erectile Dysfunction Devices Market Insights
The Global Erectile Dysfunction Devices market is geographically analyzed for North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to lead the overall Erectile Dysfunction Devices market during the study period. This domination is owing to the growing prevalence of erectile dysfunction cases in the region. As per CDC 2021, Erectile Dysfunction is common among middle-aged and older men, and almost 30 million in the United States have it.
Most men suffer from erection problems frequently. These problems can occur at any age but they are more common in older men, who often have other health problems. Other health-related problems, such as diabetes, anxiety, high blood pressure, depression, and drinking too much alcohol or smoking, are significant causes of erectile dysfunction among men. Hypertension is another major disorder that causes male erectile dysfunction. As reported by CDC in 2018, the hypertension prevalence has grown at a substantial rate, with around 65 million people affected by erectile dysfunction in the United States.
Further, in North America and at the global level, the United States represents the largest market worldwide supported by developed healthcare infrastructure and strong adoption of technologically advanced products owing to the rise in healthcare expenditure by the government.
Europe and Asia-Pacific region have the future potential growth for the Global Erectile Dysfunction Devices market. This is due to the rising burden of tobacco, smoking and alcohol consumption rates in European and Asian countries. Increase in the product launch and commercialization agreements among the key manufacturers are expected to bolster the Erectile Dysfunction Devices market.
To read more about why North America is leading the market growth in the Vascular Imaging market, get a snapshot of the Erectile Dysfunction market report.
Recent Advancements in Erectile Dysfunction Devices Market:
- In January 2021, manufacturer Giddy launched Eddie, a first-of-its-kind, wearable, FDA Class II erectile dysfunction device, which works with the natural physiology of an erection.
- In January 2020, Launch Medical launched The Rocket, the world’s first at-home treatment device that utilizes soundwave therapy to reverse symptoms of ED completely. The device’s benefit is that it improves sexual performance without drugs, has no side effects, and has zero downtime.
- In July 2019, Boston Scientific Corporation launched the Tactra™ Malleable Penile Prosthesis in the United States to treat erectile dysfunction (ED).
Key Players Proactively Working In the Erectile Dysfunction Market
Key Erectile Dysfunction companies involved in manufacturing and production are making a significant growth to the advancement of these devices. To boost their market position, they also engage in mergers and acquisitions. Some of the key Erectile Dysfunction companies operating actively in the Erectile Dysfunction Device market include Boston Scientific Corporation (BSX:New York), Global Life Technologies LLC, Coloplast Corporation, Zimmer Aesthetics, Zephyr Surgical Implants, UroMatrix Medical Systems, Pos-T-Vac Medical, Augusta Medical Systems, Medispec Ltd., MTS Medical UG, NOVAmedtek, Shenzhen Huikang Medical Apparatus Co., Ltd., Promedon, Owen Mumford Ltd, Vacurect Manufacturing (PTY) Ltd., The Elator, SLIMED, Tyna International Ltd., STORZ MEDICAL AG, Reflexonic, LLC, and others.
Covid 19 Impact Analysis on Erectile Dysfunction Devices Market
The pandemic outbreak led to the cancellation of outpatient visits and the suspension of non-emergency hospitals and procedures. This resulted in the reduced number of routine clinical examinations of the gynecological visits and related procedures. However, vaccine development of COVID-19 has initiated the process of economic recovery with the easing of lockdown restrictions and the return of normalcy in the economic landscape, which has started the process of resumption of regular healthcare services such as outpatients visits and resumption of healthcare services, thereby bringing the demand for products on track in the Erectile Dysfunction Devices market.
However, certain factors like the availability of alternative drugs and the high cost of invasive devices may restrict the growth of the Global Erectile Dysfunction Devices Market.
Get a glimpse of the Erectile Dysfunction market report to see how COVID-19 will affect you in the short and long run.
Scope of the Erectile Dysfunction Device Market Report:
- Geography Covered: Global
- Study Period: 2021-2026
- Key Erectile Dysfunction Companies: Coloplast Corporation, Zimmer Aesthetics, Augusta Medical Systems, Medispec Ltd., MTS Medical UG, NOVAmedtek, Shenzhen Huikang Medical Apparatus Co., Ltd., Promedon, Boston Scientific Corporation, Global Life Technologies LLC, Zephyr Surgical Implants, UroMatrix Medical Systems, Pos-T-Vac Medical, Owen Mumford Ltd, Vacurect Manufacturing (PTY) Ltd., The Elator, SILIMED, Tyna International Ltd., STORZ MEDICAL AG, Reflexonic, LLC, and others.
- Market Segmentation By Product– Penile Implants, Shockwave Therapy Devices, Vacuum Therapy Devices, Others
- Market Segmentation By Approach– Invasive, Non-Invasive
- Market Segmentation By End-User – Hospitals and Clinics, Ambulatory Surgical Centers (Asc), Others
- Market Segmentation by Geography: North America, Europe, Asia-Pacific, Rest of the World (Middle East, Africa, and South America)
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View
Table of Contents
| 1 | Report Introduction |
| 2 | Executive Summary |
| 3 | Regulatory and Patent Analysis |
| 4 | Key Factors Analysis |
| 5 | Erectile Dysfunction Porter’s Five Forces Analysis |
| 6 | COVID-19 Impact Analysis on Erectile Dysfunction Market |
| 7 | Erectile Dysfunction Market Layout |
| 8 | Erectile Dysfunction Global Company Share Analysis – Key 3-5 Companies |
| 9 | Erectile Dysfunction Companies and Product Profiles |
| 10 | Project Approach |
| 11 | KOL Views |
| 12 | DelveInsight Capabilities |
| 13 | Disclaimer |
To understand key companies related to the Erectile Dysfunction Market, get a snapshot of the Erectile Dysfunction Regulatory and Patent Analysis.
Key Takeaways from the Erectile Dysfunction Devices Market Report:
- Erectile Dysfunction Devices Market size analysis for the current market size (2020) and market forecast for five years (2021-2026)
- The effect of the COVID-19 pandemic on the Erectile Dysfunction Devices market is significant. Our experts closely watch the Erectile Dysfunction devices market to capture and analyze suitable indicators.
- The top key services/products/technology developments, mergers, acquisitions, partnerships, and joint ventures have happened for the last three years.
- Key Erectile Dysfunction devices companies are dominating the Global Erectile Dysfunction devices Market.
- Various opportunities are available for other competitors in the Erectile Dysfunction Device Market space.
- What are the top-performing segments in 2020 and how these segments are expected to perform in 2026?
- Which are the top-performing regions/countries in the current Erectile Dysfunction devices market scenario?
- Which regions and countries should companies have focussed on opportunities for the growth of Erectile Dysfunction devices market in the future?
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