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.
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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.
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.
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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).
Key Findings of the
Study
The Global Hemorrhoid Treatment Devices Market is estimated
to reach USD 973.94 Million by 2025 at a CAGR of 5.98% during the assessment
period of 2019 to 2025.
The Americas accounted for the largest share of the global
hemorrhoid treatment devices market due to the existence of medical device
companies and the rising incidence rate of hemorrhoid cases, along with
increased adoption of treatment by patients.
Based on the device type, the rubber band ligators segment
accounted for the largest market share of 14% in 2018.
Based on the procedure, the rubber band ligation segment
accounted for the largest market share of 39.2% in 2018.
On the basis of end-user, the hospitals and clinics segment
accounted for the largest market share of 50.1% in 2018.
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