Erectile Dysfunction Devices Market - Know the Untapped Revenue Growth Opportunities

Erectile Dysfunction Devices Market

Erectile Dysfunction Devices Market to reach over USD XX billion by the year 2031 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Erectile Dysfunction Devices Market Size, Share & Trends Analysis Report By Product (Implants, Shockwave Therapy Devices, Vacuum Therapy Devices, Others), By Approach (Invasive and Non-Invasive), By End-User (Hospitals, Ambulatory Surgical Centers (ASCs)), Region, Market Outlook And Industry Analysis 2031"

The Global Erectile Dysfunction Devices Market is estimated to reach over USD XX billion by 2024-2031, exhibiting a CAGR of XX% during the forecast period.

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One of the most prevalent illnesses in the male population is erectile dysfunction, sometimes referred to as impotence. In terms of biology, an is the result of a sequence of reactions that are brought to a close after the brain sends an impulse-like signal to the genital nerves. People living with Erectile dysfunction initially choose non-surgical alternatives such as oral phosphodiesterase type-5 inhibitors (,
, and others), injections, injections, suppositories, and pumps. implants, however, have been discovered to be the most popular choice for men seeking treatment for erectile dysfunction if a patient does not respond to the abovementioned treatments.

For instance, the Cleveland Clinic, a non-profit academic medical centre with headquarters in Ohio, U.S., reports that about 20,000 American males each year choose to have a implant. In the United States, implants are a generally accepted form of treatment, which is expected to boost market development throughout the projection period. The need to conduct various awareness efforts focusing on the treatment of this ailment is mandated by the increased prevalence of erectile dysfunction. Many firms, including Pfizer, are concentrating on starting public awareness efforts for erectile dysfunction. Examples include the unbranded erectile dysfunction awareness campaign aimed towards younger men and the European impotence awareness campaign.

List of Prominent Players in the Erectile Dysfunction Devices Market:
• Boston Scientific Corporation
• Coloplast Group
• Rigicon, Inc.
• Promedon Gmbh
• Zephyr Surgical Implants
• Owen Mumford Ltd.
• Augusta Medical Systems Llc
• Shenzhen Huikang Medical Apparatus Co., Ltd.
• Zimmer Medizinsysteme Gmbh
• Medispec Ltd.
• Mts Medical Ug
• Novamedtek
• Storz Medical Ag
• The Elator
• Timm Medical
• Ohh-Med Medical Ltd.
• Comphya Sa
• Direxgroup
• Advin Health Care
• Giddy
• Global Life Technologies Ltd.

Market Dynamics:
Drivers-
The prevalence of erectile dysfunction rises with age; approximately 5-10% of males under the age of 40 are potential candidates. In the upcoming years, this is also anticipated to fuel the market for ED devices. Some of the key factors propelling the ED devices market are the rising frequency of diseases and the rising rate of cigarette use. Opportunities for the ED treatment market to target a sizable demographic are being created by introducing new products by numerous essential players. However, a significant market de-accelerator for ED devices is a lack of knowledge regarding the safe utilisation of these devices and the accessibility of medicinal medications. Additionally, an unfavourable market trend for implantable devices is emerging due to the expensive cost of these devices and the associated pain with their device.

Challenges:
The prime challenge is the shortage of awareness about prostrate cancer in men. Prostate cancer is a common cause of illness and mortality in males 40 years of age and older. It has been demonstrated that awareness of prostate cancer is crucial to its early identification. Despite the fact that 40% of men over the age of 60 have an enlarged prostate, a new poll commissioned by the European Association of Urology found that men over the age of 50 have shockingly little awareness of prostate health.

Regional Trends:
During the projected period, North America is anticipated to dominate the global market for erectile dysfunction devices. The increasing number of patients of erectile dysfunction in the area causes this dominance. According to the CDC's 2021 report, ED affects nearly 30 million men in the United States who are middle-aged and older.

The United States is the largest market in North America and globally, supported by a well-developed healthcare infrastructure and a robust uptake of technologically advanced products as a result of rising government spending on healthcare. One such development was the January 2021 release of Alma Duo by Alma Lasers, a device for treating erectile dysfunction (ED) in men. It employs low-intensity extracorporeal shock wave therapy (LI-ESWT), which focuses on shock wave technology. Making it accessible solely in North America.

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Recent Developments:
• In February 2019, Reddy's Laboratories launched Tadalafil tablets to treat erectile dysfunction in the U.S. market.
• In September 2019, in order to cure erectile dysfunction, Lupin introduced Sildenafil tablets to the American market.

Segmentation of Erectile Dysfunction Devices Market-
By Treatment Type-
• Implants
• Shockwave Therapy Devices
• Vacuum Therapy Devices
• Others
By Approach
• Invasive
• Non-Invasive
By End User-
• Hospitals & Clinics
• Ambulatory Surgery Centers
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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