Hemorrhoid Treatment Devices Market – Overview
The global hemorrhoid treatment devices market is growing at a rapid pace due to increase in advancements in treating hemorrhoids. Sedentary lifestyle, lack of physical exercise, obesity, alcoholism, and poor fiber intake in diet in most of the developed countries are the major factors boosting the growth of the global hemorrhoids treatment device market. The band ligators segment is anticipated to expand at a high CAGR during the forecast period, as these are promising devices for hemorrhoid treatment. These devices offer superior solutions than others in terms of desired outcome and effectiveness in treatment. Increase in incidence of hemorrhoids drives demand for products that offer rapid and efficient healing. Hence, a majority of hospitals have shifted preferences toward advanced surgery products. These help decrease the average length of stay in hospitals through early recovery from disease. This, in turn, helps reduce surgical costs. Therefore, rise in need and demand for advanced products that increase therapeutic outcome propels the global hemorrhoid treatment devices market.
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Hemorrhoid Treatment Devices Market – Snapshot
Hemorrhoid is a gastrointestinal disorder mostly affecting adults. Hemorrhoids are caused due to the swelling of veins near the anal tissue. Usually, the tissue acts as a cushion; however, strain due to obesity or pregnancy puts pressure on these veins, leading to swelling and consequently formation of hemorrhoids inside or outside the anal region. The global hemorrhoid treatment devices market was valued at US$ 569.60 Mn in 2017 and is anticipated to expand at a CAGR of 4.6% from 2018 to 2026. The band ligators segment dominated the global market in 2017. Rise in prevalence of hemorrhoids, technological advancements, increase in patient awareness, surge in health care expenditure, and rise in the need of treatment of complex hemorrhoids drive the segment. Endoscopic ligators was the leading sub-segment of the band ligators segment. The sub-segment is driven by increase in demand for effective treatment for hemorrhoids. The highly fragmented nature of the global hemorrhoid treatment devices market has prompted players to shift focus toward relatively niche segments such as infrared coagulator devices.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Key Players of Hemorrhoid Treatment Devices Market Report:
This report profiles major players in the global Hemorrhoid Treatment Devices market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
Key players operating in the global hemorrhoid treatment devices market include Boston Scientific Corporation, Medtronic plc, Cook Medical, Johnson & Johnson, Integra LifeSciences Corporation, CONMED Corporation, Medline Industries, Inc., Privi Medical, Sklar Surgical Instruments, and Surkon Medical Co., Ltd.
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