The Hospital Sector Dominates The Penile Implants Market
Seoul, Sept. 22, 2022 (GLOBE NEWSWIRE) –
Global demand for penile implants is expected to increase at a CAGR of 2.2% from 2022 to 2027 and reach a market valuation of US$ 303.7 million.
It may not be the most pleasant topic of discussion, but penile implants are becoming an increasingly popular choice for men seeking treatment for erectile dysfunction. In fact, the hospital sector dominates the penile implants market, as most inflatable penile implant treatments are carried out in inpatient or outpatient hospital settings.
One of the key reasons for the dominance of the hospital sector in the penile implants market is the specialized equipment and expertise required to perform these procedures. Inflatable penile implants, in particular, require a high level of skill and precision to ensure successful outcomes for patients.
Recent innovations in inflatable penile prosthesis are also driving the demand for penile implants. These advancements have resulted in improved durability, functionality, and comfort for patients, leading to greater acceptance of penile implants as a treatment option for erectile dysfunction.
As a result of these innovations, the sales value of penile implants is expected to reach US$ 212 million in the next few years. This trend signifies a growing acceptance and awareness of penile implants as a viable solution for men facing erectile dysfunction.
In conclusion, the hospital sector plays a crucial role in the penile implants market, providing the expertise and specialized care needed to perform these procedures successfully. With ongoing innovations in inflatable penile prosthesis driving demand for penile implants, the market is expected to continue to grow in the coming years.
How This Will Affect Me:
As an individual, the increasing demand for penile implants indicates a shift towards more advanced and effective treatment options for erectile dysfunction. This means that if you or a loved one are considering this type of treatment, you can expect improved outcomes and a higher level of comfort and satisfaction.
How This Will Affect the World:
On a global scale, the growing market for penile implants reflects a broader trend towards increased awareness and acceptance of sexual health issues. By embracing innovative solutions like inflatable penile prosthesis, the world is moving towards a more inclusive and understanding approach to men’s health.
