Erectile Dysfunction Devices Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Erectile Dysfunction Devices Market Overview

Erectile dysfunction (ED) also known as impotence, is the inability to get an erection during sexual intercourse. It is a common medical condition in men. Though less common among the younger age group, erectile dysfunction affects 5%–10% of men under 40 years of age. A recent study published in the Journal of Sexual Medicine revealed that one in four patients who sought medical help for erectile dysfunction are under the age of 40 years. Men undergoing cardiovascular or diabetes treatment are at higher risk of developing erectile dysfunction. The condition is strongly related to physical and psychological health. Treatment options include ED drugs, injectable, penile implants, surgery, and vacuum constriction devices. Usually medications such as Sildenafil, Tadalafil, Vardenafil, Avanafil, Alprostadil, and Udenafil are prescribed to treat erectile dysfunction. However, a very small percentage of men are aware of the prevalence of the condition and lower still are the number of people who opt to consult an urologist about it, mainly due to social stigma attached to it. As per a study conducted by the European Association of Urology, only 25% of the men estimated to be suffering from the condition seek medical treatment.


Wide availability of advanced technology devices drives growth of erectile dysfunction devices market 

The global erectile dysfunction devices market can be analyzed on the basis of type of device and geography. On the basis of type of device, the global erectile dysfunction devices market is classified as vacuum pumps, penile implants (internal penile pump/inflated pump), vibrators, ED rings, and medicated urethral system (MUSE).  Some of the major bands available in the market are Erektor, Viberect, SomaTherapy-ED, Encore, Bonro Medical, and Vacurect.

Vacuum pump, also known as Vacuum Erection device (VED), requires no medication or surgery and is also reimbursed in the U.S. According to the National Health Services, nine out of ten men using vacuum pumps are able to have sex regardless of the underlying cause of ED. Penile implants are medicated devices, which further requires research on its efficacy and safety.


Alternative treatment options hindering growth of erectile dysfunction devices market

Wide availability of effective OTC oral medication such as Viagra adversely impacts demand for erectile dysfunction devices. Also, lack of awareness about proper usage of these devices and pain associated with use, inhibit the growth of erectile dysfunction devices market. Besides, alternative treatment options such as low-intensity extracorporeal shockwave therapy, herbal medicines, and lifestyle changes also limit the demand for ED devices. New technologies such as tissue engineering and nanotechnology are being explored to develop more effective solutions for treatment of erectile dysfunction.


Regional Analysis of Erectile Dysfunction Devices Market

America, Europe, Asia Pacific, Latin America, Africa, and Middle East are major global markets for erectile dysfunction devices. Growing prevalence of ED, increasing awareness about treatment, and high disposable income in developed regions propel the growth of erectile dysfunction devices market. Major marketing activities carried out by various players in the market have contributed largely in creating awareness among the population. However, various device types and their advantages are still not known to healthcare professionals, which in turn results in lower adoption among the general population.


Key Players involved in the erectile dysfunction devices market

There are many regional players operating in this market owing to low entry and exit barriers. Being class 1 and 2 devices and fueled by increasing awareness levels, various players are entering this market. Some of the major players in the global erectile dysfunction devices market are Meda Pharmaceuticals, Inc., Coloplast, Global Life Technologies, Reflexonic, LLC, Augusta Medical Systems, and Boston Scientific Corporation.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.