Research and Markets - Global Penile Implants Market CAGR Growth of 1.58% by 2020 - Trends, Technologies & Opportunities Report 2016-2020 - Key Vendors: Apollo Implant, Jonas Prosthesis, HE Penile Prosthesis
The report forecasts the global penile implants market to grow at a CAGR of 1.58% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: There are many technologies being developed to treat ED. These include external penile support devices, low intensity extracorporeal shockwave, penile vibrators, nanotechnology, tissue engineering, and endovascular technology. These technologies are expected to revolutionize the treatment methods for ED. In addition, large investments are being made in stem cell therapy for ED. Studies on the effects of stem cell therapy showed results of improved endothelium, muscle, and nerve in the erectile tissue.
According to the report, a key trend that will fuel the market in future is the investments made by large pharmaceutical companies in R&D of new technologies related to external penile support devices, nanotechnology, low intensity extracorporeal shockwave, tissue engineering, and endovascular technology.
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