Penile Implant Market, By Product Type (Inflatable Penile Implant {Three-piece inflatable and Two-piece inflatable} and Non-Inflatable Implants), By End User (Ambulatory Surgical Centre, Hospital, and Specialty Clinics), and By Geography (EU, NA, APAC, LATAM, and MEA) Analysis, Size, Share, Trends, & Forecast from 2021-2027
REPORT HIGHLIGHT
The global penile implant market was valued at USD 460.9 million by 2019, growing with 5.1% CAGR during the forecast period, 2021-2027.
A penile implant is a mechanical device that is implanted in the penis to have penetrative sexual intercourse. This medical procedure has reported being the successful and effective treatment for curing erectile dysfunction, Peyronie’s disease, deformity and traumatic injury of the penis, and female-to-male gender reassignment surgery. The penile transplant surgeries have gained popularity in recent years, owing to its benefits including a high rate of patient satisfaction, low recovery time, cost-effective treatment, etc.
Market Dynamics
The penile implant market is expected to witness to have slow growth, owing to the growing incidence of prostate cancer globally. As the treatment of this type of cancer involves the removal of the prostate gland, which often results in impaired sexual function in 50% of the total cases. As per the Prostate Cancer Foundation (PCF), sexual dysfunction following prostatectomy is almost unavoidable. Hence, prostate cancer cannot be directly held responsible for causing erectile dysfunction (ED). But, the treatment methods such as hormone therapy, radiation therapy, and surgery with radical prostatectomy can lead to ED. And since this implants relief men with ED, the upsurge in the count of prostate cancer cases will propel the projections of global penile implant market growth in the coming years
Furthermore, the report published by the American Cancer Society estimated a count of 191,930 new cases of prostate cancer in the United States for 2020. The organization also estimated the lump sum number of deaths from prostate cancer, which was found to be 33,330 for the same year; which in turn, supports the overall growth of this industry. Changing lifestyle habits, for example, drinking and smoking habits, and work-related pressure are further augmenting the demand for penile prosthesis during the figure time frame. However, the innovation and accessibility to alternative treatment options, such as oral drugs (PDE5 inhibitors), testosterone therapy, self-injection therapy, etc. will obstruct the growth of the global penile implants market size during the forecast period.
Product Type Takeaway
Depending upon product types, the global business is categorized into the inflatable implant and non-inflatable implants. Furthermore, the inflatable transplant segment can further be fragmented into the three-piece inflatable and two-piece inflatable. Overall, the inflatable implant segment holds the majority of market share, owing to the involvement of advanced technology for its production.
An inflatable penile transplant has witnessed numerous modifications, including the change of chemical material in implant manufacturing, application of antibiotic eluting coatings and hydrophilic aiding the reduction of infections, introducing one-touch release, etc. Other factors, such as the low risk of internal penis damage coupled with high satisfaction rate inflatable implants over the non-inflatable implants are also expected to drive the market growth of the segment in the next few years.
End-User Takeaway
In terms of end-users, the worldwide industry is categorized into the ambulatory surgical center, hospital, and specialty clinics. The hospital segment, among all, dominates the end-user takeaway and is expected to be the same in the next decade. Increasing awareness about erectile dysfunction along with its treatment coupled with high disposable income in developing regions is expected to shoot the growth of this segment with maximum profits.
To spread awareness about erectile dysfunction, National Today started an initiative to celebrate National Impotency Month every year in November. The motto was to make men understand ED in every possible way. The National Impotency Month also motivated men to get some exercise, schedule a prostate exam, and clears all doubt related to ED and sexual activities in the United States.
Regional Takeaway
Regionally, the overall market is divided into North America, Middle East & Africa, Asia Pacific, Latin America, and Europe. North America dominated the global penile implants market, followed by Europe and the Asia Pacific, during the study period. Developing next-generation therapies for ED and high adoption of improved implants devices are expected to take a deep dive into the healthcare industry, which is projected to bring in potential growth and development in the global market.
In addition, the introduction of new products and the developing healthcare infrastructure are propelling the growth of the Asia Pacific penile implants market in the upcoming years. For instance, in April 2019, Medytox Korea introduced a new extracorporeal shock wave product for erectile dysfunction, HNT Medical’s Carewave. This device was successfully approved by the Korea Food & Drug Administration (Ministry of Food and Drug Safety). It promotes neovascularization and blood circulation and vascular endothelial growth factor expression on the male genital organ with low-intensity energy extracorporeal shock wave (LI-ESWT), to help restore natural erectile function.
COVID-19 Impact
Since late December 2019, Wuhan, China, was identified as the major cause of a cluster of pneumonia cases, which rapidly spread throughout the world. As per the data revealed by the World Health Organization, as of July 2020, the count of confirmed COVID cases reached 17,064,064. Whereas, the total count of deaths due to the current pandemic situation was estimated to be 668,073 worldwide. The exponential growth in the count of infected people poses a severe challenge for the national health system.
Moreover, the current COVID situation has affected the penile implant market, as the healthcare professionals have adopted for telemedicine over the regular clinical visits, which resulted in diminishing the global demand for such transplants. This, in turn, accelerated the prescription of oral medications called phosphodiesterase inhibitors, such as Viagra, Cialis, Levitra, and Stendra, etc.
Key Vendor Takeaway
The leading players of the market include American Medical Systems, Coloplast, Eska Medical Gmbh, Giant Medical, Promedon, Rigicon Inc., Silimed, ZEPHYR Surgical Implants, and ZSI.
To deal with the existing situation, many players are focusing on implementing business strategies, including mergers and acquisitions, new product launches, etc. to gain the majority of the customer pool base. For instance, in July 2019, Boston Scientific Corporation introduced the Tactra Malleable Penile Prosthesis in the U.S. market for the treatment of erectile dysfunction (ED). The new penile prosthesis is the first innovation in penile implants that offers the patient and his partner a more authentic, natural-feeling erection.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2016 to 2018
- Base Year – 2019
- Estimated Year – 2020
- Projected Year – 2021 to 2027
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL PENILE IMPLANT MARKET KEY PLAYERS
- American Medical Systems
- Coloplast
- Eska Medical Gmbh
- Giant Medical
- Promedon
- Rigicon Inc.
- Silimed
- ZEPHYR Surgical Implants
- ZSI
GLOBAL PENILE IMPLANT MARKET, BY PRODUCT TYPE
- Inflatable Penile Implant
- Three-piece inflatable
- Two-piece inflatable
- Non-Inflatable Implants
GLOBAL PENILE IMPLANT MARKET, BY END USER
- Ambulatory Surgical Centre
- Hospital
- Specialty Clinics
GLOBAL PENILE IMPLANT MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. PENILE IMPLANT MARKET OVERVIEW
1.1. Study Scope
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Product Type
2.1.2. Market Snippet by End-User
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. PENILE IMPLANT KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. PENILE IMPLANT INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. PENILE IMPLANT MARKET: COVID-19 IMPACT ANALYSIS
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. PENILE IMPLANT MARKET LANDSCAPE
6.1. Market Share Analysis, 2019
6.2. Key Innovators Analysis
6.3. Breakdown Data, by Key Manufacturer
6.3.1. Established Players’ Analysis
6.3.2. Emerging Players’ Analysis
7. PENILE IMPLANT MARKET – BY PRODUCT TYPE
7.1. Overview
7.1.1. Segment Share Analysis, By Product Type, 2020 & 2027 (%)
7.2. Inflatable Penile Implant
7.2.1. Three-piece inflatable
7.2.1.1. Overview
7.2.1.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
7.2.2. Two-piece inflatable
7.2.2.1. Overview
7.2.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
7.3. Non-Inflatable Implants
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8. PENILE IMPLANT MARKET – BY END USER
8.1. Overview
8.1.1. Segment Share Analysis, By End User, 2020 & 2027 (%)
8.2. Ambulatory Surgical Centre
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.3. Hospital
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.4. Specialty Clinics
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9. PENILE IMPLANT MARKET– BY GEOGRAPHY
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2020 & 2027 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2016 – 2027 (US$ Million)
9.2.4. North America Market Size and Forecast, By Product Type, 2016 – 2027 (US$ Million)
9.2.5. North America Market Size and Forecast, By End User, 2016 – 2027 (US$ Million)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2016 – 2027 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Product Type, 2016 – 2027 (US$ Million)
9.3.5. Europe Market Size and Forecast, By End User, 2016 – 2027 (US$ Million)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.3.10. Rest of Europe
9.3.10.1. Overview
9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 – 2027 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Product Type, 2016 – 2027 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By End User, 2016 – 2027 (US$ Million)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.4.9. South Korea
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.4.10. Rest of APAC
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.5. Latin America
9.5.1. Overview
9.5.2. Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2016 – 2027 (US$ Million)
9.5.4. Latin America Market Size and Forecast, By Product Type, 2016 – 2027 (US$ Million)
9.5.5. Latin America Market Size and Forecast, By End User, 2016 – 2027 (US$ Million)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.5.9. Rest of LATAM
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 – 2027 (US$ Million)
9.6.4. Middle East and Africa Market Size and Forecast, By Product Type, 2016 – 2027 (US$ Million)
9.6.5. Middle East and Africa Market Size and Forecast, By End User, 2016 – 2027 (US$ Million)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
10. KEY VENDOR ANALYSIS
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. American Medical Systems
10.2.1.1. Company Snapshot
10.2.1.2. Financial Performance
10.2.1.3. Product Benchmarking
10.2.1.4. Strategic Initiatives
10.2.2. Coloplast
10.2.3. Eska Medical Gmbh
10.2.4. Giant Medical
10.2.5. Promedon
10.2.6. Rigicon Inc.
10.2.7. Silimed
10.2.8. ZEPHYR Surgical Implants
10.2.9. ZSI
11. 360 DEGREE ANALYSTVIEW
12. APPENDIX
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Penile implant market: Product Types Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Product Types
TABLE Global penile implant market, by Product Types 2016-2027 (USD Million)
TABLE Penile implant market: End User Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by End User
TABLE Global penile implant market, by End User 2016-2027 (USD Million)
TABLE Penile implant market: Regional snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global penile implant market, by Region 2016-2027 (USD Million)
TABLE North America penile implantmarket, by Country, 2016-2027 (USD Million)
TABLE North America penile implantmarket, by Product Types, 2016-2027 (USD Million)
TABLE North America penile implant market, by End User, 2016-2027 (USD Million)
TABLE Europe penile implant market, by Country, 2016-2027 (USD Million)
TABLE Europe penile implant market, by Product Types, 2016-2027 (USD Million)
TABLE Europe penile implant market, by End User, 2016-2027 (USD Million)
TABLE Asia Pacific penile implant market, by Country, 2016-2027 (USD Million)
TABLE Asia Pacific penile implant market, by Product Types, 2016-2027 (USD Million)
TABLE Asia Pacific penile implant market, by End User, 2016-2027 (USD Million)
TABLE Latin America penile implant market, by Country, 2016-2027 (USD Million)
TABLE Latin America penile implant market, by Product Type, 2016-2027 (USD Million)
TABLE Latin America penile implant market, by End User, 2016-2027 (USD Million)
TABLE Middle East and Africa penile implant market, by Country, 2016-2027 (USD Million)
TABLE Middle East and Africa penile implant market, by Product Type, 2016-2027 (USD Million)
TABLE Middle East and Africa penile implant market, by End User, 2016-2027 (USD Million)
List of Figures
FIGURE Penile implant market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE COVID-19 Impact Analysis
FIGURE Pre & Post COVID-19 Impact Comparision Study
FIGURE Competitive Landscape; Key company market share analysis, 2019
FIGURE Product Type segment market share analysis, 2020 & 2027
FIGURE Product Type segment market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Inflatable Penile Implant market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Three-piece inflatable market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Two-piece inflatable market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Non-Inflatable Implants market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE End User segment market share analysis, 2020 & 2027
FIGURE End User segment market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Ambulatory Surgical Centre market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Hospital market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Specialty Clinics market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Regional segment market share analysis, 2020 & 2027
FIGURE Regional segment market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE North America penile implant market share and leading players, 2019
FIGURE Europe penile implant market share and leading players, 2019
FIGURE Asia Pacific penile implant market share and leading players, 2019
FIGURE Latin America penile implant market share and leading players, 2019
FIGURE Middle East and Africa penile implant market share and leading players, 2019
FIGURE North America market share analysis by country, 2019
FIGURE U.S. penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Canada penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Europe penile implant market share analysis by country, 2019
FIGURE Germany penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Spain penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Italy penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE UK penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE France penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Rest of the Europe penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Asia Pacific penile implant market share analysis by country, 2019
FIGURE India penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE China penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Japan penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE South Korea penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Singapore penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Rest of APAC penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Latin America penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Latin America penile implant market share analysis by country, 2019
FIGURE Brazil penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Mexico penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Argentina penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Rest of LATAM penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Middle East and Africa penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Middle East and Africa penile implant market share analysis by country, 2019
FIGURE Saudi Arabia penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE United Arab Emirates penile implant market size, forecast and trend analysis, 2016 to 2027 (USD Million)
