As per the British Association of Urological Surgeons (BAUS), around 10% of the male population on the UK suffer from erectile dysfunction every year. This shows that the demand for penile prosthesis surgery is increasing, driving the global penile prosthesis market. The information is shared by Fortune Business Insights in a report, titled “Penile Prosthesis Market”, Size, Share and Global Trend By Implant Type (Inflatable penile implant, Malleable penile implant), By End User (Hospitals, Ambulatory Surgery Centers, Urology Centers, Others) and Geography Forecast till 2026.” Patients suffering from erectile dysfunction prefer penile implants as one of the best treatment options. A patient can regain its sexual functioning by implanting a prosthetic device in his scrotum and penis.
This procedure further helps the patient to achieve desirable erection. Erectile dysfunction or ED can affect the mental health of a male patient, which directly impacts their healthy lifestyle. A penile prosthesis is a safe medical technique and has proved to be effective for treating ED. This factor is likely to drive the penile prosthesis market growth over the projected horizon.
Depending on the specific medical problem, patients use different types of penile implants. These include inflatable penile implant and malleable penile implant. Of these, inflatable implants cover the majority share in the global market owing to its higher adoption. In addition to this, the demand for these type of implants is increasing owing to their cost-effectiveness. Spurred, by this, the penile prosthesis market size is expected to increase in the foreseeable future.
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Highlights of the Report:
- In-depth analysis of various insights, namely, Penile Prosthesis Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Penile Prosthesis Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
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