Hemorrhoid Treatment Devices Market by Type (Band Ligators, Sclerotherapy Injections, Cryotherapy Devices, Hemorrhoid Staplers, Infrared Coagulators, Laser Probes, and Bipolar Probes), by End User (Hospitals, Ambulatory surgery centers (ASCs), and Specialty clinics) - Analysis & Forecast 2019-2030
Report ID : 153 | Published Date : May 2020 | Pages : 180 | Region : Global | Report Code : MD-58
Hemorrhoid Treatment Devices Market Overview and Introduction
Hemorrhoid treatment devices are used to treat hemorrhoids using a wide range of topical products for minimally invasive procedures and surgical procedures. Hemorrhoids are swollen veins in the lowest part of rectum & anus and are among the most common causes of rectal bleeding. Hemorrhoids are classified on the basis of their location into internal hemorrhoids and external hemorrhoids. Internal hemorrhoids lie inside the rectum and rarely causes pain and bleeding, whereas external hemorrhoids grow around the anus, and cause pain and discomfort.
The global hemorrhoids treatment devices market is anticipated to grow at a significant growth rate during the forecast period. The global hemorrhoids treatment devices market is driven by consistent growth in disease prevalence and evolving techniques to make hemorrhoids treatment comfortable and effective. Hemorrhoid development is caused by several factors including, aging, obesity, lifestyle, and improper dietary habits. Moreover, the reducing cost of invasive procedures to treat hemorrhoids and increasing awareness in the emerging countries are fueling market growth of global hemorrhoids treatment devices. However, increasing preference for non-operative therapies and home remedies may affect the growth of global hemorrhoids treatment market adversely.
The global hemorrhoids treatment devices market is segmented by type, end-user, and region.
Hemorrhoid Treatment Devices Market By Type
Based on type, the hemorrhoids treatment devices market is segmented into Band Ligators, Sclerotherapy Injections, Cryotherapy Devices, Hemorrhoid Staplers, Infrared Coagulators, Laser Probes, and Bipolar Probes. Out of these, the rubber band ligators segment accounted for the largest market share. Band ligators are mostly used in hospitals and ambulatory surgery centers.
Hemorrhoid Treatment Devices Market End-Users
Based on end-users, the hemorrhoids treatment devices market is segmented into Hospitals, Ambulatory Surgery Centers (ASCs), and Specialty clinics. Out of these sub-segments, hospitals hold the largest market share of the hemorrhoids treatment devices market owing to a large footfall for hemorrhoids treatment.
Hemorrhoid Treatment Devices Market By Region
On the basis of region, the global hemorrhoids treatment devices market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America dominated the market of hemorrhoids treatment devices followed by Europe and Asia Pacific. North America will continue to dominate the global market during the forecast period owing to factors such as increasing hemorrhoids incidences in the general population, the presence of developed healthcare infrastructure, and better reimbursement policies. Moreover, Asia Pacific is anticipated to experience the highest growth rate during the forecast years. Factors such as increasing awareness & disposable incomes in emerging economies, evolving treatment techniques, and others are likely the boost the market growth hemorrhoids treatment devices in the APAC region.
Hemorrhoid Treatment Devices Market Prominent Players
The key players operating in the global hemorrhoids treatment devices market include Medtronic, Ethicon US, LLC, Boston Scientific Corporation, Cook Medical, Sklar Surgical Instruments, OBP Medical Corporation, Reach surgical, CONMED Corporation, Integra LifeSciences Corporation, Privi Medical, and others.