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. 

hemorrhoid treatment devices market

The global hemorrhoid treatment devices market has been segmented based on device type, end-user, and region. In terms of device type, the global market has been classified into band ligators, sclerotherapy injectors, infrared coagulators, bipolar probes, cryotherapy devices, hemorrhoid laser probes, and others. The band ligators segment has been bifurcated into endoscopic ligators and non-endoscopic ligators. Band ligators are gaining popularity, and the segment is projected to expand at a higher CAGR during the forecast period. Growth of the segment is attributed to rise in prevalence of hemorrhoid diseases and increase in preference of young adults for hemorrhoid surgery rather than drugs or ointments. According to the International Surgery Journal (February 2018), hemorrhoids are one of the most common disorders among young adults. The journal estimated that over 50% people suffer from piles before they reach the age of 50. In terms of end-user, the global hemorrhoid treatment devices market has been divided into hospital & clinics, ambulatory surgical centers, and others. Growth of the hospitals & clinics segment can be attributed to increase in adoption of office-based procedures and surgical treatment for hemorrhoids. 

In terms of region, North America dominated the global hemorrhoid treatment devices market in 2017, owing to a highly developed health care sector, increase in awareness among health care providers about hemorrhoid treatment devices, and continuous evolution of advanced surgery products. Europe is also an attractive market in terms of revenue. Rise in government initiatives & laws and increase in population drive the market in the region. Surge in awareness about hemorrhoid treatment devices in the health care sector in developing countries augments the market in Europe. Technological advancements and rise in adoption of advanced hemorrhoid treatment devices are expected to propel the hemorrhoid treatment devices market in Asia Pacific, Latin America, and Middle East & Africa during the forecast period. 

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.

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. 

The global hemorrhoid treatment devices market has been extensively analyzed based on device type, end-user, and region. In terms of device type, the global market has been classified into band ligators, sclerotherapy injectors, infrared coagulators, bipolar probes, cryotherapy devices, hemorrhoid laser probes, and others. The band ligators segment has been bifurcated into endoscopic ligators and non-endoscopic ligators. Based on end-user, the global hemorrhoid treatment devices market has been divided into hospital & clinics, ambulatory surgical centers, and others. Each of the segments has been analyzed in detail for market trends, recent developments, outlook, and opportunities. The report provides current and future market size for each segment and sub-segment for the period from 2018 to 2026 in terms of revenue (US$ Mn), considering 2016 and 2017 as the base years. The compound annual growth rate (% CAGR) for each segment has been provided for the forecast period from 2018 to 2026 along with the estimations of market size. 

In terms of region, the global hemorrhoid treatment devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions have been sub-segmented into major countries and sub-regions. The current and future market sizes in terms of revenue (US$ Mn) of these regional markets and major countries/sub-regions have been provided in the report for the period from 2016 to 2026, with their CAGRs (%) for the period from 2018 to 2026. The study also offers a list of recommendations and highlights of the market for new companies willing to enter the market and for existing companies to increase market shares, which is likely to help in the decision-making process. 

The overview section of the report demonstrates the market dynamics and trends such as drivers, restraints, opportunities, and key trends that influence the current and future status of the hemorrhoid treatment devices industry. The report also covers market attractiveness analysis and key market share analysis in the overview section in order to provide a thorough analysis of the overall competitive scenario in the global hemorrhoid treatment devices market. 

The report concludes with the company profiles section that includes key information about the major players in the market. Key players profiled in this report 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. Each of these players has been profiled in the report considering parameters such as company overview, financial overview, business strategies, product portfolio, and recent developments. 

The global hemorrhoid treatment devices market has been segmented as follows: 

  • Global Hemorrhoid Treatment Devices Market, by Device Type
    • Band Ligators
      • Endoscopic Ligators
      • Non-endoscopic Ligators
    • Sclerotherapy Injectors
    • Infrared Coagulators
    • Bipolar Probes
    • Cryotherapy Devices
    • Hemorrhoid Laser Probes
    • Others
  • Global Hemorrhoid Treatment Devices Market, by End-user
    • Hospital & Clinics
    • Ambulatory Surgical Centers
    • Others
  • Global Hemorrhoid Treatment Devices Market, by Region
    • North America
      • U.S
      • Canada
    • Europe
      • Germany
      • U.K
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC Countries
      • South Africa
      • Rest of Middle East & Africa
.