Hemorrhoid Treatment Devices Market – increasing incidence and prevalence of hemorrhoid disease in the U.S. is expected to drive the market growth

SEATTLE, July 26, 2021, (MEDGADGET) — Global Hemorrhoid Treatment Devices Market Analysis

Overview

Hemorrhoid is a frequent condition in the overall population that causes mild bleeding after bowel movements, the growth of lumps around the anus, pain and discomfort, swelling of the anal veins, and itchiness and inflammation on the anal side, which are sensitive and uncomfortable. External and internal hemorrhoid are the two types of haemorrhoids.

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Hemorrhoid illness can be treated with both non-surgical and surgical methods. Corticosteroids and laxatives are two non-surgical options. Banding, hemorrhoidectomy, cryotherapy, infrared ablation, and hemorrhoid testing are all surgical options. Lumatec infrared coagulator, retractable rope ligator, disposable hemorrhoid banding system, endoscopic infrared coagulator, mcgivney hemorrhoidal ligator, and hemorrhoidal multi-band ligator are some of the devices used to treat haemorrhoids.

Drivers

The global hemorrhoid treatment devices market is projected to be driven by new product releases. De Scalene released Cryocure in March 2019, a cheap gadget for treating haemorrhoids without surgery. Cryocure helps to reduce bleeding from anal blood vessels as well as constriction of those vessels.

Furthermore, the global hemorrhoid treatment devices market is forecast to rise due to the rising incidence and prevalence of hemorrhoid illness in the U.S. As per the National Center for Biotechnology Information (NCBI), the total frequency of hemorrhoid illness in the general population is approximately 4.4 percent, and self-reported hemorrhoid illness affects over 10 million people of the U.S. population in March 2016.

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Restraints

The primary obstacle that is estimated to stymie the global hemorrhoid treatment devices market projection is product recall. The Ultroid Technologies Hemorrhoid Management System (UHMS) device kits, procedure packs, and Ultroid disposable sterile probes were recalled by the US Food and Drug Administration (FDA) in September 2016 since they were not developed and produced as per quality assurance processes.

Regional Insights

Due to the rising clearance for innovative hemorrhoid treatment devices from the US FDA, North America is projected to keep a dominating position in the global hemorrhoid treatment devices market. PRIVI MEDICAL PTE. LTD. gained FDA approval in January 2018 for their novel gadget (Instalief), which is intended to treat haemorrhoids. Instalief is a non-drug gadget that gives immediate cold relief with no side effects.

Due to the presence of important manufacturers and sellers of hemorrhoid treatment devices in the Asia Pacific region, the global hemorrhoid treatment device market is expected to develop significantly in the coming years. China is home to the majority of market participants in the global hemorrhoid treatment devices market, including Wuxi Shenkang Medical Instrument Equipment Co., Ltd. and Zhengzhou Safute Electronic Equipment Corporation Limited. Various hemorrhoid treatment devices are available from these firms, including sigmoid hemorrhoid and colon illness treating devices, anorectal physical therapy, and SAFUTE hemorrhoid surgery.

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Competitive Landscape

Major companies contributing in the global hemorrhoid treatment devices market are OBP Medical Corporation, Integra LifeSciences Corporation, Cook Medical, PRIVI MEDICAL PTE. LTD., Johnson & Johnson, CONMED Corporation, Surkon Medical Co., Ltd., Medtronic Plc, Sklar Surgical Instruments, and Boston Scientific Corporation.

Table of Content

Global Hemorrhoid Treatment Devices Market Research Report
Section 1: Global Hemorrhoid Treatment Devices Industry Overview
Section 2: Global Economic Impact on Hemorrhoid Treatment Devices Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Hemorrhoid Treatment Devices Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Hemorrhoid Treatment Devices Market Forecast

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