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The Cost of Penile Implant Surgery. Depending on your geographical region, your choice of surgeon, implant type and placement, the average cost of penile implant surgery is between $10,000 and $20,000; this procedure may be covered by insurance.Financing is available.enile implants are just one of several options for impotence treatment and should be considered after other options have failed; such as Viagra, pumps and injection therapy. Penile implants are available in two types; semi-rigid and inflatable.
The cost of penis implant surgery includes the surgeon's fee, anesthesia fee, operating room fee and implant fee. Penis implantation surgery can cost up to $20,000, depending on the type of implant chosen. Medicare and many insurers will cover the cost of penile implant surgery, but may require precertification.