Hemorrhoid Treatment Devices Market By Type (Band Ligators, Sclerotherapy Injections, Cryotherapy Devices, Infrared Coagulators, Laser Probes, Bipolar Probes, Others), By Usage Area (Hospitals, Clinics, Ambulatory Surgery Centers) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Hemorrhoids are caused by swelling and inflammation of veins in the anal canal, causing irritation, pain, and itching in patients. At present, several sufferers seek relief with an assortment of products, such as home remedies and topical ointments of varying strengths and compositions.

Direct application products offer temporary relief and have to be used for a limited period. Products such as cushions also offer comfort while sitting and cannot be considered a treatment. Demographic studies have also revealed that those who purchase hemorrhoid care products have some primary factors in common, such as age, low average income, low education, and so on.

Permanent surgical treatments are more appealing to patients with a high level of education and income. However, lowering the price of band ligation treatments is anticipated to attract new patient groups.

Hemorrhoids are a common condition. It is estimated that as the U.S. population approaches 50, half of this group will have experienced hemorrhoids, with common causes being constipation, obesity, heavy lifting, a compromised diet, sitting for longer periods, and also diarrhea.

The National Institute of Diabetes and Digestive Kidney Diseases reported that 10.4 million Americans suffer from hemorrhoids, with 1 million new cases being reported every year. Among these, only one in three individuals seeks medical help and treatment, thus leaving a huge population untreated. In several cases where medical treatment and lifestyle changes are not effective, patients are treated surgically and endoscopically.

Market Synopsis

Band ligation is expected to remain the most sought-after treatment method.

For internal and severe forms of hemorrhoids, where conventional non-surgical treatments are not effective, invasive treatments such as band ligation, infrared coagulation, and sclerotherapy are preferred. However, there is no clinical consensus on optimal treatment. The treatment goal of each of these treatments is to limit vascularity.

Among the considered treatment methods, rubber band ligation is the most commonly performed procedure in outpatient settings. This treatment modality is reserved for patients with more severe conditions who are not responding to non-operative therapies. There is substantial clinical data suggesting the efficacy of band ligation, and significant reporting is available comparing band ligation with other methods. Recurrence of hemorrhoids after treatment is a chief limitation of band ligation, therefore restricting the market growth.

Ambulatory surgery centers and clinics will pick up the pace during the forecast period.

Hospitals are currently the most prominent segment where hemorrhoid treatments are primarily performed. Lack of self-reporting for medical assistance, as well as a preference for invasive treatments only in urgent or severe cases, contribute to hospitals' dominance, as a treatment for severe hemorrhoids results in surgical treatments.

Ambulatory surgical centers and clinics are anticipated to witness a surge in patient footfall during the forecast period. Improving awareness in the general population and cost containment of endoscopic treatments are facilitating the swift growth of these segments.

Despite its market dominance, North America and Europe are expected to expand further.

Geographically, the global hemorrhoid treatment devices market is cumulative for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Among these regions, North America and Europe are the two largest regional markets for hemorrhoid treatments.

However, the consistently increasing prevalence of lifestyle-associated conditions such as obesity and constipation due to improper dietary habits will lead to further growth in the incidence of hemorrhoids in the general population. Asia Pacific will see rapid growth in hemorrhoid treatment adoption, supporting the overall market's progress. Improving awareness and increasing the disposable incomes of the population are the key factors driving the Asia-Pacific market for hemorrhoid treatment devices.

Periods of History and Forecast

This research report presents the analysis of each considered segment for the period from 2016 to 2026, using 2017 as the base year for estimations. Compounded annual growth rates (CAGRs) for each segment are calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The hemorrhoid treatment devices market report provides a quantitative assessment of the industry in terms of current and forecasted market size while also presenting the market dynamics. This market is segmented based on types and geography.

This report also includes a company profiles section that gives insights into the company overview, product portfolio, financial information, and key developments of major market players. The major players profiled in this report include Cook Medical, Medtronic Plc, Privi Medical, Sklar Corporation (Sklar Surgical Instruments), Integra LifeSciences Corporation, OBP Medical Corporation, and A.M.I. GmbH, CONMED Corporation, Boston Scientific Corporation, and Ethicon (Johnson & Johnson).

Key questions are answered in this report.

  • What is the estimated size of the global hemorrhoid treatment devices market during the period 2016–2026?
  • What is the estimated CAGR of this market during the forecast period from 2018 to 2026?
  • What are the key trends that are being observed in the market that are defining the market movements?
  • Based on the product types, which device and, therefore, treatment modality is capturing the largest market share, and why?
  • Why is the dominance of hospitals being challenged by ambulatory surgery centers?
  • Will North America and Europe further witness market growth due to the shedding of patients' populations?

Frequently Asked Question:

The market for Hemorrhoid Treatment Devices Market is expected to reach USD$ XX in 2026.

he Hemorrhoid Treatment Devices Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2018 -2026.

The base year of this report is 2017.

Medtronic Plc, Privi Medical, Sklar Corporation (Sklar Surgical Instruments), Integra LifeSciences Corporation, OBP Medical Corporation, and A.M.I. GmbH, CONMED Corporation, Boston Scientific. are some of the major players in the global market.

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Published Date:  Mar 2019
Category:  Medical Devices
Report ID:   59623
Report Format:   PDF
Pages:   120
Rating:    4.4 (70)
Delivery Time: 24 Hours to 48 Hours   
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