Global Hemorrhoid
Treatment Devices Market: Information by Device Type (Rubber Band Ligators,
Infrared Coagulators, Proctoscopes, Anoscopes, Doppler probes, Cryotherapy
Devices, bipolar Probes, Others), Procedure (Rubber Band Ligation,
Sclerotherapy, Infrared Coagulation, Others), End-User (Hospitals &
Clinics, Ambulatory Surgery Centers and others) and Region (Americas, Europe,
Asia-Pacific, and the Middle East & Africa) - Forecast till 2025
Market Highlights
Global Hemorrhoid
Treatment Devices Market is expected to have a market value of USD 973.94 Million
by2025. Hemorrhoids, also called piles, are swollen and inflamed blood
vessels in the anus as well as in the lower rectum. The global hemorrhoid
treatment devices market is expected to grow at a steady rate owing to the
increasing incidence rate of hemorrhoid cases and increasing initiatives by the
public as well as private companies operating in the market. For instance, the
number of people suffering from hemorrhoids in the US is currently estimated to
be around 10.4 million; in addition, about 1 million new cases of hemorrhoids
occur each year. Also, symptomatic hemorrhoids
affect at least 50% of the population at some time during their lives.
Segment Analysis
The global hemorrhoid treatment devices
market has been segmented based on device type, procedure, and end-user. The
market, based on device type, has been segmented into rubber band ligators, infrared
coagulators, proctoscopes, anoscopes, doppler probes, cryotherapy devices,
bipolar probes, and others. The market, based on procedure, has been categorized into rubber band ligation,
sclerotherapy, infrared coagulation, and others. The market, based on end-user,
has been divided into hospitals and clinics, ambulatory surgery centers, and
others.
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Regional Analysis
The global hemorrhoid treatment devices market, based
on region, has been divided into the Americas, Europe, Asia-Pacific, and Middle
East & Africa.
The Americas led the market and accounted for the
largest share in 2018, owing to the presence of major market players, developed
healthcare infrastructure, high awareness, and availability of advanced
treatment options. Also, a favorable reimbursement scenario for hemorrhoid
treatment surgeries is fueling the growth of this region in the hemorrhoid
treatment devices market.
Europe accounts for the second-largest share in the
global hemorrhoid treatment devices market. In 2018, 30% to 70% of adults were
overweight in the European Union countries. Also, obesity affected 10% to 30%
of adults in the European Union countries. Excess weight or pressure results in
the constriction of veins and blood vessels surrounding the anus and colon.
This increases the risk of developing hemorrhoids in obese individuals, thereby
supporting the regional market growth.
Asia-Pacific is estimated to be the fastest-growing
market during the forecast period due to the rising incidence of hemorrhoids
and developing the healthcare sector in Asian countries, such as China, Japan,
India, and Australia. Moreover, the increasing focus of big pharmaceutical
companies to enter into this region is expected to drive the market growth.
The Middle East & Africa hemorrhoid treatment
devices market is segmented into two major regions, namely the Middle East and
Africa. The Middle East and Africa have fewer economic developments due to
which the region accounts for the least market share but is expected to grow
due to the growing demand for better treatments in these countries.
Key Players
MRFR recognizes the following companies
as the Key Players in the Global
Hemorrhoid Treatment Devices Market— Cook Medical (US), Medtronic plc
(Ireland), Privi Medical (Singapore), Integra LifeSciences Corporation
(Israel), Sklar Surgical Instruments (US), OBP Medical Corporation (US), CONMED
Corporation (US), Boston Scientific Corporation (US), and Johnson & Johnson
Services, Inc. (US).
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