Erectile Dysfunction Shockwave Generators Market Size, Share, Growth, and Industry Analysis by Type (Mobile, Fixed and Other Types), By Application (Hospital, Clinics and Others), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Erectile Dysfunction Shockwave Generators Market REPORT OVERVIEW

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global erectile dysfunction shockwave generators market size was USD 5171.1  million in 2022 and to touch USD 8652.73 million by 2031 at CAGR 5.9%.

The inability to erect or sustain an erection during sexual intercourse is referred to as erectile dysfunction. The medical equipment used to treat erectile dysfunction is referred to as an erectile dysfunction shockwave generator. This gadget produces low-intensity shockwaves that increase blood circulation while also stimulating the formation of new blood vessels, thereby curing impotence.   

COVID-19 Impact: Pandemic Effectuated the Emphasize and Downsized the Market Demand

The COVID-19 pandemic has had a significant negative influence on the world economy on a number of levels, which also extends to the healthcare sector. Due to the closure of the manufacturing facilities, a severe shortfall in the supply of raw materials, and a lack of qualified labour, the booming market for health care research and development is predicted to experience a sharp decline in sales during the lockdown period. From the pandemic's present effects, it may be inferred that the supply chain and industrial processes have encountered some small difficulties. After COVID-19, the market is anticipated to progressively recover, which will offer appealing prospects for sales in many parts of the world in the ensuing years.

LATEST TRENDS

"The Advancements and Development Made in the Device to Inflate the Market Demand"

Investing in innovation to increase healthcare value is widely witnessed in the expansion of the erectile dysfunction shockwave generator market in the United States and Canada. Technology-driven innovation is one of the most often seen business strategies in the American region. Furthermore, the region is distinguished by the establishment of personalised care ecosystems centred on patients. Building government capacity to boost healthcare systems is a common occurrence in many countries. The need for erectile dysfunction shockwave generators market share is being supported by an increasing regional average for public healthcare expenditure, improving healthcare systems, and an increase in disease prevalence. Furthermore, new product development and commercialization in developed and emerging markets represent prospective business prospects for market leaders.

Erectile Dysfunction Shockwave Generators Market SEGMENTATION

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• By Type

Based on type; the erectile dysfunction shockwave generators market is divided into mobile, fixed and others.

• By Application

Based on the application; the erectile dysfunction shockwave generators market is divided into hospital, clinics and others.

DRIVING FACTORS

"Rising Patients Diseases Resulting in Erectile Dysfunction to Advance the Market Share"

The increasing number of people suffering from heart disease, high blood pressure, obesity, and metabolic syndrome, all of which result in erectile dysfunction, is driving the market for erectile dysfunction shockwave generators. Poor lifestyle choices, as well as excessive smoking and alcohol consumption, are further factors promoting market expansion. Erectile dysfunction is most common among older men. The rapidly expanding geriatric population in developed nations such as the United States, Canada, Japan, Germany, the United Kingdom, and France is expected to drive the global erectile dysfunction shockwave therapy market over the forecast period.

"Various Advantages Offered and Demand for Portable Devices to Drive the Market Growth"

The demand for the therapy is expected to be driven by a number of benefits related to shockwave therapy, including non-invasive approach, reduced pain, faster procedure time, and improved outcomes. The therapy stimulates the neovascularization process, which involves the development of new blood vessels, using energy from lower intensity acoustic pulse waves. The goal of erectile dysfunction shockwave therapy is to increase blood flow to the penis, which will aid in achieving and maintaining an erection. The majority of erectile dysfunction shockwave therapy equipment is portable, making it simple to use and carry. Shockwave therapy for erectile dysfunction has a number of benefits over more traditional treatment options, and urologists are increasingly using it due to its high likelihood of success, short recovery period, and non-invasive nature.

RESTRAINING FACTORS

"Certain Drawbacks and Availability of Alternatives to Results to Restrain the Market"

The market for products to treat erectile dysfunction (ED) is expanding due to increased consumer knowledge, but the societal stigmas surrounding shockwave generators and some of their disadvantages are expected to limit this market expansion. Additionally, the availability of other treatment options, such as penile prostheses and therapeutic medication treatment, is predicted to slow the market growth for erectile dysfunction shockwave generators throughout the projected period. Over the course of the forecast period, the aforementioned reasons are anticipated to constrain the erectile dysfunction shockwave generators market growth.

Erectile Dysfunction Shockwave Generators Market REGIONAL INSIGHTS

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"North America to Lead the Market with Presence of Developed Healthcare System"

A huge variety of medical devices and equipment are available there, erectile dysfunction is highly prevalent and is on the rise in the region, and there are established health care facilities, all of which are reasons why the North American region is predicted to have the largest proportion of the global erectile dysfunction shockwave generators market share. The region has a high rate of uptake of expensive, cutting-edge medical treatments and equipment due to favourable reimbursement rules and support from industry participants. In terms of GDP, North America spends the most on healthcare due to ease access to healthcare services and more affordable medical evaluations and treatments. The aforementioned factors, as well as a rise in diabetes cases, an obese population, and a preference for preventative diagnostic techniques, are projected to improve the local market. It is projected that the market growth in the area will be boosted by the engagement of major industry players in clinical trials and research initiatives relevant to the erectile dysfunction shockwave generators market.

KEY INDUSTRY PLAYERS

"Key Industry Players to Promote the Market Expansion"

The market's expansion was significantly impacted by the techniques employed by market participants in recent years, such as extensions. The report covers details and information about the firms and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other considerations taken into account for this market are the businesses that develop and provide new products, the geographic areas in which they function, mechanization, innovation strategies, generating the maximum revenue, and using their products to make a significant difference.

List of Market Players Profiled

• Direx (U.K)
• Medispec (India)
• MTS Medical (Germany)
• NOVAmedtek (Turkey)
• Shenzhen Huikang Medical Apparatus (China)
• Storz Medical (Switzerland).

REPORT COVERAGE

This report covers a comprehensive backdrop analysis, an assessment of the parent market, intensive study in the market dynamics. Past historical, current, and projected size of the market from the point of both value and volume. Researching of recent industry developments, deep study on market shares and strategies of major players and the emerging niche segments and regional market areas are covered in the report.