PUBLISHER: The Business Research Company | PRODUCT CODE: 1825859
PUBLISHER: The Business Research Company | PRODUCT CODE: 1825859
Penile prostheses, or penile implants, are medical devices surgically inserted into the penis to help men with erectile dysfunction (ED) achieve an erection. They are typically considered a last-resort option due to the surgery's invasive nature and associated risks, such as infection, device malfunction, and erosion.
There are two main types of penile prostheses inflatable and malleable implants. An inflatable penile implant utilizes a pump to fill fluid-filled cylinders inside the penis, resulting in a more natural-looking erection. These implants are made from materials such as silicone and bioflex and are used in various settings, including hospitals, ambulatory surgery centers, and urology centers.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp rise in U.S. tariffs and the resulting trade tensions in spring 2025 are having a significant impact on the healthcare sector, especially in the supply of essential medical devices, diagnostic equipment, and pharmaceuticals. Hospitals and healthcare providers are grappling with higher costs for imported surgical tools, imaging systems, and consumables like syringes and catheters, many of which have limited domestic substitutes. These escalating expenses are putting pressure on healthcare budgets, prompting some providers to delay equipment upgrades or pass increased costs on to patients. Furthermore, tariffs on raw materials and components are disrupting the manufacturing of vital drugs and devices, leading to supply chain delays. In response, the industry is adopting diversified sourcing strategies, expanding local production where feasible, and pushing for tariff exemptions on critical medical products.
The penile prosthesis market research report is one of a series of new reports from The Business Research Company that provides penile prosthesis market statistics, including penile prosthesis industry global market size, regional shares, competitors with a penile prosthesis market share, detailed penile prosthesis market segments, market trends and opportunities, and any further data you may need to thrive in the penile prosthesis industry. This penile prosthesis 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 prosthesis market size has grown strongly in recent years. It will grow from $1.36 billion in 2024 to $1.49 billion in 2025 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to growth in tobacco and alcohol consumption, growth in spinal cord injuries, rise in prevalence of erectile dysfunction, increasing access to healthcare services, and increasing social insurance awareness.
The penile prosthesis market size is expected to see strong growth in the next few years. It will grow to $2.14 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to increasing focus on patient-centric strategies, rising rates of chronic diseases, rising awareness of penile implant surgery, growing acceptance of penile implants, and increasing acceptance of advanced medical treatments. Major trends in the forecast period include technological advancements, expanding healthcare infrastructure, regulatory approvals, and reimbursement policies.
The forecast of 9.5% growth over the next five years reflects a slight reduction of 0.2% from the previous projection. This reduction is primarily due to the impact of tariffs between the US and other countries. Trade tensions could hinder U.S. access to penile prosthetics by inflating prices of inflatable implant devices and surgical kits primarily manufactured in the U.S. and Mexico, resulting in delayed treatment for erectile dysfunction and increased urological surgical costs. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The growing incidence of erectile dysfunction is anticipated to drive the expansion of the penile prostheses market in the future. Erectile dysfunction (ED) is characterized by the persistent inability to achieve or sustain an erection adequate for satisfying sexual activity, which can lead to emotional distress or relationship issues. Factors contributing to the rise in ED include aging, lifestyle changes such as sedentary behavior and poor diet, increasing rates of chronic conditions such as diabetes and hypertension, and modern psychological stressors. Penile prostheses offer a long-term solution for men with ED, enabling them to restore sexual function and enhance their quality of life. For example, in April 2023, the National Library of Medicine (NLM) reported that around 10.3 million men in the United States were diagnosed with ED in 2022 and sought treatment. Additionally, about 1.7 million men were considered suitable candidates for penile prosthesis implantation. Consequently, the growing incidence of ED is fueling the growth of the penile prostheses market.
The rising prevalence of penile diseases is expected to drive the growth of the penile prostheses market. Penile diseases encompass a range of conditions and disorders affecting the penis. This increasing prevalence is linked to factors such as shifts in sexual behavior, poor hygiene practices, the growing incidence of sexually transmitted infections (STIs), and delays in seeking medical care. Penile prostheses are used to address penile conditions such as cancer by restoring erectile function and improving quality of life through the surgical implantation of devices that replicate natural erection processes. For instance, the National Library of Medicine (NLM) estimated that in October 2023, about 2,050 men in the U.S. were affected by penile cancer, with around 470 fatalities. As a result, the prevalence of penile diseases is contributing to the growth of the penile prostheses market.
Leading companies in the penile prostheses market are concentrating on creating advanced products, such as penile prosthesis pumps, to improve user convenience, reliability, and satisfaction. The penile prosthesis pump is designed to simplify the use of penile prostheses, potentially reducing the learning curve for patients and increasing overall satisfaction with the device. For instance, in November 2023, Boston Scientific Corporation, a U.S.-based medical device firm, received FDA approval for its new TENACIO Pump component for the AMS 700 inflatable penile prosthesis. The Tenacio pump is designed to improve user interaction with the device by addressing issues such as valve system sticking that previously required medical attention. It features ridges for easier handling by patients, better separation between the pump and deflate valve for clearer differentiation, and a redesigned valve system to prevent sticking.
Major companies operating in the penile prosthesis market are Giant Medical., Boston Scientific Corporation, Olympus Corporation, Coloplast A/S, Mentor Corporation, Silimed, American Medical Systems Inc, Promedon S.A., Zephyr Surgical Implants, G Surgiwear Limited, SofMedica, Rigicon Inc, Giant Medical Corporation, Advin Health Care, Penuma Penile Implant, Rigicon, eska medical, Titan Medical, Eska Jonas Prosthesis, Ams Urology
North America was the largest region in the penile prosthesis market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the penile prosthesis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the penile prosthesis market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The penile prostheses market consists of sales of self-contained penile prostheses, two-piece inflatable implants and three-piece inflatable 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 Prosthesis 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 prosthesis 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 prosthesis ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The penile prosthesis 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 technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.