PUBLISHER: The Business Research Company | PRODUCT CODE: 1717271
PUBLISHER: The Business Research Company | PRODUCT CODE: 1717271
Penile implants are medical devices surgically inserted into the penis to treat erectile dysfunction (ED) when other treatments, such as medication or therapy, have been ineffective. Available in inflatable or malleable designs, these implants provide a reliable solution by allowing men to achieve and sustain an erection, thereby enhancing their sexual function and overall quality of life.
The primary types of penile implants include inflatable penile implants, malleable penile implants, and semi-rigid penile implants. Inflatable penile implants are devices implanted into the penis to help men with erectile dysfunction achieve and maintain an erection. This is done by using a pump to transfer fluid into cylinders placed within the penis. Penile implants are intended for patients experiencing vascular, psychogenic, or neurological impotence. They are typically made from materials such as silicone, bioflex, and others. The implantation process can be done through both outpatient and inpatient procedures, with end users including hospitals, ambulatory surgery centers, urology centers, and other medical facilities.
The penile implants market research report is one of a series of new reports from The Business Research Company that provides penile implants market statistics, including penile implants industry global market size, regional shares, competitors with penile implants market share, detailed penile implants market segments, market trends and opportunities, and any further data you may need to thrive in the penile implants industry. This penile implants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The penile implants market size has grown rapidly in recent years. It will grow from $1.93 billion in 2024 to $2.12 billion in 2025 at a compound annual growth rate (CAGR) of 10.0%. The growth observed during the historical period can be attributed to the rising prevalence of erectile dysfunction (ED), an aging global population, an increasing incidence of conditions such as diabetes, a rise in cases of hypertension, and the growing prevalence of cardiovascular diseases.
The penile implants market size is expected to see strong growth in the next few years. It will grow to $3.07 billion in 2029 at a compound annual growth rate (CAGR) of 9.7%. In the forecast period, growth is expected to be driven by the increasing prevalence of chronic diseases, a greater focus on men's health and wellness, expanding research into more innovative and effective implant devices, a rising emphasis on patient education, and a growing demand for long-term solutions. Key trends anticipated include a shift towards minimally invasive surgical techniques, the availability of personalized penile implant options (inflatable and malleable), advancements in implant design that improve comfort, durability, and functionality, greater patient satisfaction and acceptance of penile implants, and the adoption of advanced technologies.
The increasing prevalence of erectile dysfunction (ED) is expected to drive the growth of the penile implants market. ED is the persistent inability to achieve or maintain an erection sufficient for satisfactory sexual performance. The rising rates of erectile dysfunction are influenced by factors such as the aging population, higher incidences of lifestyle-related conditions such as diabetes, obesity, and cardiovascular diseases, psychological factors such as stress and anxiety, and improved awareness and diagnosis due to advancements in healthcare. Penile implants are essential in addressing this growing issue by offering a reliable and effective solution for patients who do not respond to pharmacological treatments, thus improving their quality of life and providing a long-term treatment option for severe cases. For example, in January 2022, ED Clinics, a UK-based group of clinicians, reported that between 40% and 55% of men aged 40 to 70, or approximately 4.3 million men in the UK, experience erectile dysfunction. Global cases are projected to increase from 152 million in 1995 to 322 million by 2025. As such, the rising prevalence of ED is a key driver of the penile implants market.
The growing awareness and acceptance of sexual health are expected to further propel the growth of the penile implants market. Sexual health refers to a state of well-being that encompasses physical, emotional, mental, and social aspects of sexuality, promoting respect, safety, and informed decision-making. Increasing awareness of sexual health is crucial for empowering individuals, reducing stigma, improving health outcomes, and encouraging responsible, informed choices regarding sexual well-being. Penile implants play a significant role in raising awareness and acceptance of sexual health by providing long-term solutions for erectile dysfunction, fostering open discussions, reducing stigma, and encouraging individuals to seek medical help for sexual issues. For instance, in July 2024, the UK Health Security Agency reported a 5.0% increase in consultations by Sexual Health Services (SHS) in England in 2023 compared to the previous year, with face-to-face consultations rising by 7.9% and online consultations increasing by 7.5%. As a result, the rising awareness and acceptance of sexual health are driving the growth of the penile implants market.
Key players in the penile implants market are focusing on developing innovative products, such as penile prosthesis pumps, to improve both patient and physician experiences. These pumps enhance the reliability, ease of use, and post-operative training for inflatable penile prostheses. A penile prosthesis pump is a device implanted in the scrotum that enables users to create an erection by manually pumping fluid from a reservoir into inflatable cylinders in the penis. For example, in November 2023, Boston Scientific, a US-based medical technology company, received FDA approval for its Tenacio pump, a component of the AMS 700 inflatable penile prosthesis (IPP). The Tenacio pump features automation that allows for automatic deflation with the press of a button, addressing issues such as stiction syndrome and improving usability. This innovation simplifies device training for patients, potentially reducing the learning curve and saving time for physicians during post-operative orientations.
Major players in the penile implants market are Bristol Myers Co., Medline Industries, Boston Scientific Corporation, Coloplast Corp, Hollister Incorporated, Fortis Healthcare, Noble Healthcare, SILIMED, Medscape Ltd., Promedon S.A., Zephyr Surgical Implants, Augmenta LLC, Rigicon Inc, Advin Health Care, Penuma, Vacurect, Shah Prosthesis, LipoMatrix Inc., Kirch Urologie BV, and Milux Holding SA.
North America was the largest region in the penile implants market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in penile implants report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the penile implants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The penile implants market consists of sales of hydrogel implants, titanium implants, smart implants, and customizable implants. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Penile Implants Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on penile implants market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for penile implants ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The penile implants market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.