According to Acumen Research and Consulting, the global Hemorrhoid Treatment Devices market size is estimated to grow at CAGR above 4.8% over the forecast time frame and reach the market value around USD 870 million.
Hemorrhoid is mainly an adult gastrointestinal disorder. Blooming of the veins near anal tissue causes hemorrhoids. The tissue usually acts like a cushion, but the tension caused by obesity or pregnancy puts pressure on these veins, leading to hemorrhoids within or outside the anal region. In 2017, the segment of band ligators dominated the global market. Increased hemorrhoid incidence, progress in technology, increased awareness of patients, increased health care and the need for complex hemorrhoids lead to the segment. The leading segment of the band ligators was endoscopic ligators. In the sub-segment, demand for effective hemorrhoid treatment increases. The highly fragmented nature of the global market for hemorrhoid therapeutics has caused players to concentrate on relatively niche areas such as infrarot coagulators.
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Market Insights
Hemorrhoids are the fourth most important outpatient gastrointestinal disease. The number of outpatient visits is about 3,3 million. In addition, ten million cases are automatically reported in the United States each year and represent more than 4 percent of the population in the United States. Intra-abdominal pressure increases during pregnancy or because of obesity, improper diets, constipation and other lifestyle factors are important factors contributing to the incidence of hemorrhoids. Although hemorrhoids are low in morbidity, the quality of life has a significant impact. However, a wide array of topical and operational and non-operative treatments can be used. This is possible.
Segmentation Outlook
The global market for hemorrhoid treatments is segmented according to device type, end-user and region. The global market has been categorized in terms of device type into band ligators, injectors for sclerotherapy, infraroad coagulators, bipolar samples, cryotherapy devices, laser-hemorrhoid samples etc. The segment of the band ligators was divided into endoscopic and non-endoscopic ligators. In the forecasted period, band ligators become more popular and the segment should expand to more CAGR. The increase in hemorrhoid disease prevalence and preference of young adults for hemorrhoid surgery are attributed to increased growth in this segment. Hemorrhoids are one of the most common disorders among young adults, according to the International Surgery Journal (February 2018). More than 50 per cent of people are estimated to suffer from stacks before the age of 50 years. With respect to end-users, there are hospitals & clinics, ambulatory surgical centers etc. on the global market for hemorrhoid treatment equipment. Increased adoption of office-based procedures and hemorrhoid surgical treatment can be attributed to the increase in the hosps & clinics segment.
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North America Hold the prominent Share in the market
North America, due to a highly developed medical sector, increased health care providers ' awareness of hemorrhoid treatments and continuous development of advanced operating products, was a global market leader in 2017 on the hemorrhoid treatment device market. In terms of revenue, Europe is also an attractive market. Increased government initiatives and legislation and increased population drive the region's market. In developing countries, awareness of hemorrhoid therapeutic devices for the health sector is increasing in Europe. The forecalled hemorrhoid treatment devices market in the Asia Pacific, Latin America, and Middle East & Africa should be propelled during the forecast period by technical improvements and the adoption of advanced hemorrhoid treatment devices.
Johnson & Johnson, Boston Scientific Corporation and Medtronic plc are Likely to Continue to Lead the Global Hemorrhoid Treatment Devices Market
The Hemorrhoid Treatment Devices market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are Johnson & Johnson, Medtronic plc, Boston Scientific Corporation, Cook Medical, CONMED Corporation, Integra LifeSciences Corporation, Sklar Surgical Instruments, Medline Industries, Inc., and Surkon Medical Co., Ltd.
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