Key Insights into the Erectile Dysfunction Devices Market: Trends, Growth Rate, and Opportunities Through 2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theErectile Dysfunction Devices Market?
The increasing incidence of prostate cancer is anticipated to spur the erectile dysfunction devices market’s expansion. Originating in the prostate gland, which is a small organ situated beneath the bladder in men and contributes to semen production, prostate cancer’s rising cases are due to factors like older populations, enhanced detection techniques, and lifestyle changes that might elevate the disease’s occurrence. Erectile dysfunction devices are beneficial for prostate cancer patients since they enhance sexual function and life quality after treatment, which might often affect erectile capabilities. As per Cancer Australia, a government-run cancer control agency based in Australia, it’s projected that there’ll be about 24,217 new cases of prostate cancer detected in Australia in 2022. A male in 2022 is estimated to carry a 1 in 6 (or 17%) risk of getting diagnosed with prostate cancer by 85 years of age. Also, the age-standardized incidence rate is predicted to be 151 cases per 100,000 males, with a 1 in 55 (or 1.8%) risk of death due to prostate cancer by the age of 85. Consequently, the increasing incidence of prostate cancer is accelerating the growth of the erectile dysfunction devices market.
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How Will the Growth Rate of theErectile Dysfunction Devices Market Impact Industry Trends by 2034?
In recent years, the market for erectile dysfunction devices has experienced swift growth. The market value is projected to surge from $1.87 billion in 2024 to $2.11 billion in 2025, reflecting a compound annual growth rate (CAGR) of 12.9%. The notable growth during the historic period can be credited to the escalating awareness about erectile dysfunction, a more accepting attitude towards its treatment methods, an aging demographic, an increase in chronic conditions, and betterments in the safety and proficiency of these devices.
In the ensuing years, the market size for erectile dysfunction devices is set to witness swift expansion. By 2029, it is predicted to soar to $3.39 billion at a compound annual growth rate (CAGR) of 12.6%. This growth during the forecast phase can be credited to factors such as the increasing incidence of erectile dysfunction, enhanced emphasis on customized treatments, the rise of telemedicine and remote medical consultations, and improved healthcare policies and insurance provisions. Also, the market will be buoyed by a surge in non-invasive treatment choices. Key market changes during the forecast phase include the creation of intelligent devices with inbuilt monitoring, the embrace of minimally invasive therapies, the switch to treatment options that can be administered at home, the progress achieved in the field of biocompatible materials, and the utilization of artificial intelligence in the realm of individualized care.
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What Are the Current Market Growth and Trends in theErectile Dysfunction Devices Market That Industry Players Should Watch?
Leading firms in the erectile dysfunction devices market are leveraging advanced technology to produce non-invasive erectile dysfunction devices. These devices target enhancing or restoring erectile performance without the need for surgeries but instead through techniques like vacuum therapy, electric stimulation or non-penetrating penile implants. In June 2024, Ohh-Med Medical, a medical equipment maker based in Israel, rolled out the VerticaPlus device for treating erectile dysfunction. This pioneering device includes an exclusive cloud-based mobile application that enriches the treatment experience by providing real-time response and track record of quality. The updated version incorporates the application as a personal coach during the entire treatment, furnishing consistent feedback, comprehensive guides, and tailored settings for a more accurate and effective therapy.
What Are the Major Market Players Making an Impact on theErectile Dysfunction Devices Market Growth?
Major companies operating in the erectile dysfunction devices market are Boston Scientific Corporation, Medline Industries LP, Coloplast Corporation, Hollister Incorporated, MTS Medical AG, Alma Lasers Ltd., Owen Mumford Ltd., Shenzhen Huikang Medical Apparatus Co. Ltd., Storz Medical AG, UroMatrix Medical Systems, Medispec Ltd., Zephyr Surgical Implants, Timm Medical Technologies Inc., Promedon GmbH, Zimmer MedizinSysteme GmbH, Mercury Healthcare Pvt. Ltd., Rigicon Inc., NOVAmedtek, Tyna International Ltd., Vacurect, The Elator, Pos-T-Vac Medical Inc., Silimed Indústria de Implantes
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How Are the Key Segments of the Erectile Dysfunction Devices Market Driving Opportunities and Innovations?
The erectile dysfunction devices market covered in this report is segmented –
1) By Device Type: Non-Surgical Devices, Surgical Devices
2) By Cause: Diabetes, Neurological Disorders, Hypertension, Other Causes
3) By Approach: Invasive, Non-Invasive
4) By Age Group: Less Than 40 Years, 40-60 Years, More Than 60 Years
5) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-Users
Subsegments:
1) By Non-Surgical Devices: Penile Pumps (Vacuum Erection Devices), External Penile Prostheses, Erectile Dysfunction Medications (Oral, Topical), Penile Traction Devices, Intraurethral Suppositories
2) By Surgical Devices: Penile Implants (Inflatable, Semi-Rigid), Penile Prostheses (Inflatable, Non-Inflatable), Vascular Surgery Devices (Penile Artery Surgery)
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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theErectile Dysfunction Devices Market?# Market Expansion?
North America was the largest region in the erectile dysfunction devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the erectile dysfunction devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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