Hemorrhoid is the common health condition that develops in the anal area. This type of condition requires different treatments that use special devices. The use of rubber bands is the common approach, which surrounds the hemorrhoid clump tightly. The tissue is cut off using these tight fitting rubbers band which dies and this restored by ulcer. This ulcer heals with scarring. The rubber band ligation is mainly used with first, second, and third degree hemorrhoid. And the common complication of this ligation is pain. Nonetheless, ligation sometimes also leads to 7 or 14 days bleeding or also the bacterial infection in tissues that surround hemorrhoids.
Hemorrhoid Treatment Devices market was valued US$ 625 Mn in 2018. It is anticipated to grow at a CAGR of 4.7% from 2019 to 2030.
The growth of the global hemorrhoid treatment devices market is attributed to factors such as growing incidence of hemorrhoids in adults, reducing costs of invasive procedures, and evolving treatment techniques to make the treatment more comfortable and efficacious. Moreover, growing awareness and increasing disposable incomes in emerging economies like China & India and factors such as aging, abdominal obesity, and pregnancy are fueling the growth of hemorrhoid treatment devices market globally. However, preference for non-operative therapies by experienced surgeons to treat hemorrhoids and the use of home remedies is hampering the demand for hemorrhoid treatment devices and restraining market growth.
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Major Key Players of the Hemorrhoid Treatment Devices Market are:
Medtronic, Ethicon US, Boston Scientific Corporation, Cook Medical, Sklar Surgical Instruments, OBP Medical Corporation, Reach surgical, CONMED Corporation, Integra LifeSciences Corporation, Privi Medical, and others.
The evolution in hemorrhoid treatment technique is contributing to growth of the hemorrhoid treatment devices market globally. Hemorrhoids can be managed with a wide range of treatment devices such as band ligators, hemorrhoid staplers, laser probes and bipolar probes for surgical, invasive, and non-surgical procedures to make treatment more easy and effective. The cryotherapy device is an effective non-surgical treatment device designed to apply cold therapy directly for external and internal hemorrhoid relief.
The Hemorrhoid Treatment Devices Market is segmented on the basis of Product & Service, Types, Applications and region.
Major Types of Hemorrhoid Treatment Devices Market covered are:
- Band Ligators
- Sclerotherapy Injections
- Cryotherapy Devices
- Hemorrhoid Staplers
- Infrared Coagulators
- Laser Probes, and Bipolar Probes
Major Applications of Hemorrhoid Treatment Devices Market covered are:
- Hospitals
- Ambulatory surgery centers (ASCs)
- Specialty clinics
Reducing costs of minimally invasive procedures and cost-effectiveness of devices for the treatment of hemorrhoids have resulted in substantial growth of hemorrhoid treatment procedures utilizing hemorrhoid treatment devices. Shorter hospital admittance time, lesser procedure associated pain and fewer complications have been pivotal in contributing to the growing adoption of minimally-invasive procedures in hemorrhoid treatment. Moreover, growing awareness among people in emerging markets such as Asia Pacific, Latin America & Africa and growing healthcare infrastructure in developing economies is fueling growth of hemorrhoid treatment devices market globally.
The preference of non-operative therapies over operative hemorrhoidectomy to treat hemorrhoids and home remedies to reduce the hemorrhoids may affect the demand of hemorrhoid treatment devices adversely and may hamper the growth of global hemorrhoid treatment devices market globally.
Research objectives:-
– To study and analyze the global Hemorrhoid Treatment Devices consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Hemorrhoid Treatment Devices market by identifying its various sub-segments.
– Focuses on the key global Hemorrhoid Treatment Devices manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Hemorrhoid Treatment Devices with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Contents
- INTRODUCTION
- Market Definition
- Market Ecosystem
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Drivers
- Barriers/Challenges
- Opportunities
- UNIQUE SELLING PROPOSITIONS (USPs)
- Regulatory Scenario Assessment
- Technological Advancements
- Pricing Analysis: Hemorrhoid Treatment Devices
- GLOBAL HEMORRHOID TREATMENT DEVICES MARKET – BY TYPE
- Band Ligators
- Sclerotherapy Injections
- Cryotherapy Devices
- Hemorrhoid Staplers
- Infrared Coagulators
- Laser Probes
- Bipolar Probes
- GLOBAL HEMORRHOID TREATMENT DEVICES MARKET – BY END USER
- Hospitals
- Ambulatory surgery centers (ASCs)
- Specialty clinics
- GLOBAL HEMORRHOID TREATMENT DEVICES MARKET – BY REGION
- North America Hemorrhoid Treatment Devices Market
- Europe Hemorrhoid Treatment Devices Market
- Asia Pacific Hemorrhoid Treatment Devices Market
- Rest of the World (RoW) Hemorrhoid Treatment Devices Market
- COMPETITIVE LANDSCAPE
- Key Players & Their Competitive Positioning (2018)
- Key Strategies Assessment
- New Product Launches
- Merger & Acquisitions
- Agreements, Collaborations, & Partnerships
- Expansions
- Other Strategies
- COMPANY PROFILES Business Overview, Products Offered, Financial Performance*, Recent Developments)
- Medtronic
- Ethicon US, LLC
- Boston Scientific Corporation
- Reach surgical
- Cook Medical
- CONMED Corporation
- Integra LifeSciences Corporation
- Sklar Surgical Instruments
- OBP Medical Corporation
- Privi Medical
*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain
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