Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Erectile dysfunction (impotence) is the inability to get and keep an erection firm enough for sexual intercourse. Erectile dysfunction symptoms might include persistent: trouble getting an erection, trouble keeping an erection, or reduced sexual desire.
Hormones are chemical messengers that influence cellular activity and impact every function of the body and chronic diseases such as heart disease, stroke, cancer, type 2 diabetes, obesity, arthritis, chronic kidney, liver disease, and chronic obstructive lung disease lead to erectile dysfunction as these diseases affect blood vessels, nerves, and hormone levels in the body. Erectile dysfunction (ED) is a common condition among male chronic kidney disease (CKD) patients. Its prevalence is estimated to be approximately 80% among these patients according to World Journal of Nephrology in 2014.
Global Erectile Dysfunction Devices Market - Impact of the Coronavirus (COVID-19) Pandemic
Coronavirus (COVID-19) outbreak was first reported on December 31, 2019, in Wuhan, China. The World Health Organization declared COVID-19 as pandemic on March 11, 2020. According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 215.7 million cases and 4.49 million deaths due to coronavirus (COVID-19) were reported till August 29, 2021, across the globe.
Impact of COVID-19 on Demand and Supply of Erectile Dysfunction Devices:
Researchers have been investigating the potential onset of erectile dysfunction in male patients of COVID-19. The researchers have stated three factors which can lead to the potential onset of erectile dysfunction (ED) in men who have suffered from COVID-19.
- Vascular effects: COVID-19 can cause hyper inflammation throughout the body, especially in the heart and surrounding muscles. Blood supply to the penis can become blocked or narrowed as a result of a new or worsened vascular condition caused by the virus as vascular system and reproductive system are interconnected.
- Psychological impact: Sexual activity is closely associated with mental health. The stress, anxiety, and depression caused by the virus and pandemic can be linked to sexual dysfunction and poor mood and may lead to erectile dysfunction.
- Overall health deterioration: The COVID-19 causes a plethora of health issues. Men with low immunity and poor health are at greater risk of developing erectile dysfunction.
The global erectile dysfunction devices market is estimated to be valued at US$ 1,303.8 Mn in 2021, and is expected to exhibit a CAGR of 9.5% over the forecast period (2021-2028).
Figure 1: Global Erectile Dysfunction Devices Market Share (%) Analysis, By Device Type, 2021
Increasing prevalence of erectile dysfunction due to chronic diseases and aging is the major factor that is expected to drive the market growth over the forecast period.
Increasing prevalence of erectile dysfunction due to various chronic diseases and aging of the global population, is expected to increase the growth of the global erectile dysfunction devices market over the forecast period. For instance, according to the article published by the Center for Disease Control and Prevention (CDC), in 2018, 51.8% of the U.S. adults had at least one chronic disease and 27.2% had multiple chronic diseases.
Furthermore, according to an article published in the Cleveland Clinic Center for Continuing Education in June 2018, around 17,781 new cases of erectile dysfunction are diagnosed in Massachusetts, U.S. every year, while approximately 617,715 new cases of erectile dysfunction are reported in the U.S. annually.
Erectile Dysfunction Devices Market Report Coverage
||Market Size in 2021:
||US$ 1,303.8 Mn
|Historical Data for:
||2017 to 2020
||2021 to 2028
|Forecast Period 2021 to 2028 CAGR:
||2028 Value Projection:
||US$ 2,467.5 Mn
- North America: U.S. and Canada
- Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
- Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
- Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
- Middle East: GCC, Israel, and Rest of Middle East
- Africa: South Africa, North Africa, and Central Africa
- By Device Type: Non-Surgical Devices (Vacuum Constriction Devices, Erectile Dysfunction Shockwave Generators, External Penile Rigidity Devices), Surgical Devices ( Vacuum Constriction Devices (Inflatable Implants, Malleable (Semi-Rigid) Implants), Other Surgical Devices))
- By End User: Hospitals, Clinics, Ambulatory Surgery Centers
Boston Scientific Corporation, Coloplast Corp., Zephyr Surgical Implants, Owen Mumford Ltd., Augusta Medical Systems, Storz medical AG, Promedon, The Elator, Timm Medical, and Silimed
- Increasing prevalence of erectile dysfunction due to chronic diseases and aging
- Growing adoption of smoking and alcoholism
|Restraints & Challenges:
- Alternative treatment options
Growing Adoption of Smoking and Alcoholism
For instance, according to the International Journal of Impotence Research: 2018, the use of tobacco has been considered as the major health problem worldwide, and the studies show that smoking causes erectile dysfunction among male population. Smoking can damage every part of the body and the chemicals present in cigarette smoke injure the lining of the blood vessels and can also affect the way they function. The chemicals present in the cigarette affects the blood vessels in the penis and, in turn, hampers erectile health. Even if the nervous system is operating at full strength, an erection may not be physically possible if the blood vessels are unhealthy due to smoking.
Furthermore, according to the JAMA Internal Medicine Journal: 2018, alcohol is regarded as a risk factor for erectile dysfunction (ED). Moreover, alcohol intake leads to increase in level of alcohol in blood. Alcohol being a depressant, can dampen the mood and decrease the sexual desire, which may cause difficultly for a person to achieve erections. For instance, according to the National Institute on Alcohol Abuse and Alcoholism: 2019, about 14.5 million people in the U.S., in the age group of 12 and older, have alcohol use disorder (AUD). This number includes 9.0 million men (6.8% of men in this age group) and 5.5 million women (3.9% of women in this age group).
Global Erectile Dysfunction Devices Market – Restraints
The presence of alternative medicines and herbal remedies for the treatment of erectile dysfunction is expected to hamper the growth of the global erectile dysfunction devices market over the forecast period. For instance, according to the Arab Journal of Urology: February 03, 2021, complementary and alternative medicines, including dietary supplements and herbal remedies, are increasingly used for the treatment of erectile dysfunction, particularly through over-the-counter and internet sources. Examples include herbal medicines (remedies) and dietary supplements, nutritional and lifestyle therapies, acupuncture and traditional Chinese medicine, body therapies (such as massage, cupping, and acupressure), homeopathy, mind–body techniques (such as meditation and yoga), energy medicine (such as reiki), and other traditional medicine disciplines such as Ayurveda, Unani, and Naturopathy.
Global Erectile Dysfunction Devices Market – Regional Analysis
On the basis of region, the global erectile dysfunction devices market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
North America is expected to hold dominant position in the global erectile dysfunction devices market over the forecast period, owing to increasing number of launching new erectile dysfunction devices. For instance, in July 2019, Boston Scientific Corporation, a manufacturer of medical devices, launched the Tactra implant, which is a durable implant with a natural feel for treating erectile dysfunction.
Figure 2: Global Erectile Dysfunction Devices Market Value (US$ Mn), by Region, 2021
Global Erectile Dysfunction Devices Market – Competitive Landscape
Major players operating in the global erectile dysfunction devices market include Boston Scientific Corporation, Coloplast Corp., Zephyr Surgical Implants, Owen Mumford Ltd., Augusta Medical Systems, Storz medical AG, Promedon, The Elator, Timm Medical, and Silimed