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Global Erectile Dysfunction Devices Market, by Device Type (Non-Surgical Devices (Vacuum Constriction Devices, Erectile Dysfunction Shockwave Generators, and External Penile Rigidity Devices) and Surgical Devices (Vacuum Constriction Devices (Inflatable Implants and Malleable (Semi-Rigid) Implants), and Other Surgical Devices)), by End User (Hospitals, Clinics, and Ambulatory Surgery Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 1,303.8 million in 2021, and is expected to exhibit a CAGR of 9.5% during the forecast period (2021-2028).

Several clinical trials have been initiated by various research institutes for testing the safety and efficiency of erectile dysfunction devices which is anticipated to drive the market growth over the forecast period. For instance, University Hospital, Ghent, Belgium, initiated a clinical trial in order to study the surgical outcome after implantation of the of the Zephyr ZSI 475 FTM Inflatable Penile Implant in the neophallus after female-to-male sex reassignment surgery. The study is expected to be completed by December 2029.

Global Erectile Dysfunction Devices Market - Impact of Coronavirus (COVID – 19) Pandemic

COVID-19 outbreak was first reported on December 31, 2019, in Wuhan, China. According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 215.7 million cases and 4.49 million deaths have been reported due to Coronavirus (COVID-19) up till August 29, 2021, across the globe.

The COVID-19 pandemic has affected several markets across the globe and is also expected to hamper the global erectile dysfunction devices market. The COVID-19 pandemic has affected the demand and supply of healthcare products in three main ways; by directly affecting the production and demand; by creating disruptions in distribution channels; and due to its financial impact on firms and financial markets. Many surgeries are currently at halt due to COVID-19 crisis in order to ensure safety of the patients. Supply chain and manufacturing activities in India, China, the U.S., and others have been disrupted due to lockdowns. Whereas, the countries such as Thailand, Indonesia, Singapore, and others are facing problems with transportation of raw materials.

Browse 26 Market Data Tables and 25 Figures spread through 157 Pages and in-depth TOC on Global Erectile Dysfunction Devices Market, by Device Type (Non-Surgical Devices (Vacuum Constriction Devices, Erectile Dysfunction Shockwave Generators, and External Penile Rigidity Devices) and Surgical Devices (Vacuum Constriction Devices (Inflatable Implants, and Malleable (Semi-Rigid) Implants), and Other Surgical Devices)), by End User (Hospitals, Clinics, and Ambulatory Surgery Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

To know the latest trends and insights prevalent in the global erectile dysfunction devices market, click the link below:

 https://www.coherentmarketinsights.com/market-insight/erectile-dysfunction-devices-market-27

Market players are focusing on various inorganic growth strategies such as mergers and acquisitions which is anticipated to boost the market growth over the forecast period. For instance, in 2017, Veru Inc., a biopharmaceutical company focused on urology and oncology, signed a distribution and co-promotion agreement with Timm Medical Technologies for PREBOOST (4% benzocaine wipes) for the prevention of premature ejaculation.

Key Takeaways of the Global Erectile Dysfunction Devices Market:

  • The global erectile dysfunction devices market is expected to exhibit a CAGR of 9.5% over the forecast period (2021-2028)
  • Among regions, North America is expected to account for major market share over the forecast period (2021-2028) owing rising number of government initiatives. For instance, The Physicians Committee, a nonprofit organization headquartered in the U.S., is creating awareness regarding erectile dysfunction by celebrating January 26 to February 2, every year, as ‘Erectile Dysfunction Acceptance Week’
  • Some of the 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
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