USD 800 million
Hemorrhoid Treatment Devices Market Size, Share, Growth Analysis, By Product Type(Band Ligators, Sclerotherapy Injectors, Infrared Coagulators, Laser Probes), By Treatment Type(Minimally Invasive Procedures, and Surgical Procedures), By End User(Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2741 |
Region:
Global |
Published Date: June, 2024
Pages:
219
|Tables:
93
|Figures:
76
Hemorrhoid Treatment Devices Market Insights
Hemorrhoid Treatment Devices Market size was valued at USD 800 million in 2022 and is poised to grow from USD 848.80 million in 2023 to USD 1363.10 million by 2031, growing at a CAGR of 6.10% during the forecast period (2024-2031).
The global Hemorrhoid Treatment Devices Market has experienced top notch growth in recent years, pushed by using factors including an increasing incidence of hemorrhoids, a growing getting old population, and way of life factors contributing to the condition. Hemorrhoid remedy gadgets encompass various merchandise designed to alleviate signs and symptoms and offer comfort to individuals affected by hemorrhoids.
One of the important drivers for market increase is the growing occurrence of hemorrhoids, attributed to elements like sedentary lifestyles, negative nutritional conduct, and obesity. The getting old population is also an enormous contributor as the superiority of hemorrhoids has a tendency to increase with age. Moreover, focus campaigns and educational projects about the available remedy options have brought about an early prognosis and remedy of hemorrhoids, in addition boosting marketplace increase.
In phrases of treatment devices, there has been a great shift closer to minimally invasive procedures. Techniques which include rubber band ligation, sclerotherapy, and infrared coagulation have gained popularity due to their effectiveness and reduced affected person recuperation time. This fashion has brought about an extended demand for hemorrhoid remedy gadgets that assist those minimally invasive methods.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
Ambulatory Surgical Centers
Growth Rate
6.10% CAGR
Hemorrhoid Treatment Devices Market by Region
Country Share for North America (%)
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Hemorrhoid Treatment Devices Market Segmental Analysis
The hemorrhoid treatment devices market can be segmented based on product type, treatment type, end-user, and region. Based on product type, the market is segmented into Band Ligators, Sclerotherapy Injectors, Infrared Coagulators, Laser Probes, Cryotherapy Devices, Electrocoagulation Devices. Based on treatment, the market is segmented into Minimally Invasive Procedures and Surgical Procedures. Based on end user, the market is segmented into Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Analysis By Product Type
The band ligators segment is expected to hold the largest share in the global hemorrhoid treatment device market because of increasing cases of hemorrhoids and shifting preference for minimally invasive surgeries. Band ligators used in rubber band ligation is a less invasive treatment option since it is not surgical, and patients experience less pain and take a shorter time to heal than when they undergo surgery. Outpatient procedures are preferred by patients, and they provide additional convenience and cost savings to the healthcare industry, making band ligators popular. High growth in the global medical technology industry and better awareness of hemorrhoid treatment options also add to the segment’s large market share during the forecast period.
The sclerotherapy injections segment is expected to have a higher CAGR in the forecast period. This growth is due to its advantages such as less invasive techniques, affordable prices, and effectiveness in treating first stage hemorrhoids. Sclerotherapy entails use of a sclerosant solution that makes hemorrhoids shrink, an option that is preferred over surgery by many patients. Higher consciousness and new developments in injection methods contribute to the growth of this segment as well.
Analysis by End user
Hospitals provide complete scientific offerings and are ready to deal with various clinical conditions, consisting of more intense cases of hemorrhoids which could require surgical intervention. Surgical techniques and superior remedies are frequently done in medical institution settings, making them the desired desire for sufferers with more complicated cases. Hospitals have specialized scientific professionals and resources, providing a better degree of expertise in treating hemorrhoids.
As the fashion in hemorrhoid treatments shifts in the direction of minimally invasive techniques, ASCs become greater relevant as they're properly-appropriate for outpatient tactics. ASCs are often greater value-effective than hospitals, attracting patients searching for green and low-priced solutions for hemorrhoid treatment. ASCs offer the benefit of outpatient procedures, lowering the want for hospitalization and allowing sufferers to renew their daily sports more quickly.
Hemorrhoid Treatment Devices Market by End User
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Hemorrhoid Treatment Devices Market Regional Insights
North America has a noticeably high occurrence of hemorrhoids, which contributes to a bigger affected person pool and expanded call for remedy devices. North America boasts superior healthcare infrastructure with properly-equipped hospitals and healthcare centers, facilitating the adoption of superior hemorrhoid treatment devices. Increasing recognition about available treatment options and a proactive method to healthcare make a contribution to the dominance of this location.
The Increasing healthcare expenditure in nations like China and India is leading to the development of healthcare infrastructure and the adoption of advanced scientific technologies, which include hemorrhoid treatment gadgets. The sheer length of the population in Asia-Pacific countries contributes to a giant patient pool, riding the demand for hemorrhoid remedy gadgets. Changes in lifestyle, inclusive of dietary habits and sedentary conduct, are contributing to a higher prevalence of hemorrhoids, creating a need for powerful treatment solutions.
Hemorrhoid Treatment Devices Market by Region
- Largest
- Fastest
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Hemorrhoid Treatment Devices Market Dynamics
Drivers
Increasing Prevalence of Hemorrhoids
- The increasing occurrence of hemorrhoids, which may be attributed to factors together with sedentary existence, dietary conduct, and an ageing population. As extra people are suffering from hemorrhoids, the call for powerful treatment alternatives, consisting of specialised gadgets, keeps to upward thrust. Additionally, the growing attention and knowledge of to be had treatment modalities amongst each healthcare professionals and patients play a pivotal role in propelling the market forward.
Restraints
High Potential Hesitancy among Patients to Seek Medical Attention
- One of the principal market restraints is the capability hesitancy amongst sufferers to be seeking medical interest for hemorrhoids due to the perceived sensitivity of the condition. This reluctance might also bring about behind schedule analysis and remedy, hindering the well timed adoption of hemorrhoid treatment gadgets. Additionally, economic elements, such as the excessive value related to superior treatment devices and techniques, might also pose a risk, proscribing accessibility for positive patient populations.
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Hemorrhoid Treatment Devices Market Competitive Landscape
The competitive environment of the Hemorrhoid Treatment device market is dynamic and is characterised via a mix of set up gamers and rising agencies vying for marketplace percentage. Key industry contributors are actively engaged in strategic tasks which include mergers and acquisitions, product launches, and collaborations to reinforce their marketplace role. The organizations leverage their sizable research and improvement skills to introduce innovative gadgets and preserve an aggressive area.
Top Player’s Company Profiles
- Ethicon Endo-Surgery (Johnson & Johnson)
- Medtronic
- Boston Scientific
- Teleflex Incorporated
- B. Braun Melsungen AG
- Cook Medical
- Erbe Elektromedizin GmbH
- Olympus Corporation
- Pentax Medical
- Aesculap AG
- Erbe Elektromedizin GmbH
- AngioDynamics, Inc.
- Merit Medical Systems, Inc.
- Coloplast A/S
- Cardinal Health
- Halyard Health
- Convatec Group PLC
- Medline Industries, LP
- Cardinal Health
- Patterson Companies, Inc.
Recent Developments
- In February 2023, MEDFINITI B.V. along with its U.S. Subsidiaries, MEDFINITI, Inc. and HemWell MD LLC, are excited to announce the launch of HemWell, a cutting-edge electrosurgical device that transforms the way hemorrhoids are treated.
- June 2023: Citius Pharmaceuticals, Inc. (NASDAQ: CTXR) has disclosed the findings of its Phase 2b medical trial for Halo-Lido (CITI-002), a topical method designed to relieve symptoms associated with hemorrhoids.
- December 2023: MEDFINITI B.V. And its U.S. Subsidiaries, MEDFINITI, Inc. And HemWell MD LLC, are pleased to introduce HemWell, an modern electrosurgical medical device that revolutionizes the approach to treating hemorrhoids.
Hemorrhoid Treatment Devices Key Market Trends
- Rising Preference For Minimally Invasive Procedures: The increasing preference for minimally invasive processes, which include rubber band ligation and infrared coagulation, as opposed to standard surgical interventions. This shift is driven with the aid of a growing emphasis on reducing affected person pain, accelerating restoration times, and promoting outpatient remedies.
Hemorrhoid Treatment Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Hemorrhoid Treatment Devices market analysis well-known shows a dynamic market with some standout tendencies and difficulties. The marketplace is propelled by the growing incidence of hemorrhoids, aging demographics, and heightened consciousness of to be had remedies. However, financial constraints, patient reluctance, and regulatory complexities act as restraints. Minimally invasive product types like rubber band ligation gadgets are gaining prominence. North America dominates the marketplace due to advanced healthcare infrastructure, at the same time as the Asia-Pacific region is the quickest-developing, driven with the aid of growing healthcare expenditure and a huge patient population. Key trends consist of a shift towards outpatient approaches, technological improvements, and strategic collaborations within the industry.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 800 million |
| Market size value in 2031 | USD 1363.10 million |
| Growth Rate | 6.10% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Hemorrhoid Treatment Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Hemorrhoid Treatment Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Hemorrhoid Treatment Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hemorrhoid Treatment Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hemorrhoid Treatment Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Hemorrhoid Treatment Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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