PUBLISHER: Acute Market Reports | PRODUCT CODE: 1162501
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1162501
Hemorrhoid Treatment Devices Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
Industry Outlook
Hemorrhoids are characterized by swelling and inflammation of veins in the anal canal and cause irritation, pain and itching to the patients. At present, several sufferers seek relief with an assortment of products such as home remedies, 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 as a treatment. Demographic studies have also revealed that those who purchase hemorrhoid care products have some primary factors in common such as age, low-income average, low education and so on. High education and high income bracket of patients is more appealing to permanent surgical treatments. However, lowering prices of band ligation treatments is anticipated to attract further patient groups.
Hemorrhoids is a common condition. It is estimated that as the U.S. population approached 50, half of this group will have experienced hemorrhoids; common causes being constipation, obesity, heavy lifting, 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 seek medical help and treatment, thus leaving a huge set of population untreated. In several cases where medical treatment and lifestyle changes are not effective, patients are treated surgically and endoscopically.
Band ligation to remain the most sought treatment method
For internal and severe form of hemorrhoids, where conventional non-surgical 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 limiting 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 patients that 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 to pick pace during the forecast period
Currently hospitals are the most prominent segment where hemorrhoid treatments are largely performed. Lack of self-reporting for medical assistance and preference for invasive treatments only in urgent or severe cases assist in creating the dominance of hospitals, as treatment for severe hemorrhoids end up in seeking surgical treatments. Ambulatory surgical centers and clinics is anticipated to witness 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 the market domination, further expansion of North America and Europe are anticipated
Geographically, the global hemorrhoid treatment devices market is cumulative to North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Among these regions, North America and Europe are the largest regional markets for hemorrhoids treatments. However, consistently increasing prevalence of lifestyle associated conditions, obesity and constipation due to improper dietary habits will lead to further growth in incidence of hemorrhoids in the general population. Asia Pacific will witness rapid growth in the adoption of hemorrhoids treatment and therefore support the progress of the overall market. Improving awareness and increasing disposable incomes of the population are the key factors driving Asia Pacific market for hemorrhoid treatment devices.
This report also includes company profiles section that gives insights on 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, A.M.I. GmbH, CONMED Corporation, Boston Scientific Corporation and Ethicon (Johnson & Johnson).
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Hemorrhoid Treatment Devices market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Hemorrhoid Treatment Devices market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Type
- Band Ligators
- Sclerotherapy Injections
- Cryotherapy Devices
- Infrared Coagulators
- Laser Probes
- Bipolar Probes
- Others
Usage Area
- Hospitals
- Clinics
- Ambulatory Surgery Centers
Region Segment (2020-2030; US$ Million)
- North America
- U.S.
- Canada
- Rest of North America
- UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
- Pre COVID-19 situation
- Post COVID-19 situation
Key questions answered in this report:
- What are the key micro and macro environmental factors that are impacting the growth of Hemorrhoid Treatment Devices market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Hemorrhoid Treatment Devices market?
- Which is the largest regional market for Hemorrhoid Treatment Devices market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Hemorrhoid Treatment Devices market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Hemorrhoid Treatment Devices market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Hemorrhoid Treatment Devices Market
- 2.2. Global Hemorrhoid Treatment Devices Market, By Type, 2021 (US$ Million)
- 2.3. Global Hemorrhoid Treatment Devices Market, By Usage Area, 2021 (US$ Million)
- 2.4. Global Hemorrhoid Treatment Devices Market, By Geography, 2021 (US$ Million)
- 2.5. Impact of Covid 19
- 2.6. Attractive Investment Proposition by Geography, 2021
- 2.7. Competitive Analysis
- 2.7.1. Market Positioning of Key Hemorrhoid Treatment Devices Market Vendors
- 2.7.2. Strategies Adopted by Hemorrhoid Treatment Devices Market Vendors
- 2.7.3. Key Industry Strategies
3. Hemorrhoid Treatment Devices Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Hemorrhoid Treatment Devices Market Value, 2020 - 2030, (US$ Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Hemorrhoid Treatment Devices Market: By Type, 2020-2030, USD (Million)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. Band Ligators
- 4.3.2. Sclerotherapy Injections
- 4.3.3. Cryotherapy Devices
- 4.3.4. Infrared Coagulators
- 4.3.5. Laser Probes
- 4.3.6. Bipolar Probes
- 4.3.7. Others
5. Hemorrhoid Treatment Devices Market: By Usage Area, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Hospitals
- 5.3.2. Clinics
- 5.3.3. Ambulatory Surgery Centers
6. North America Hemorrhoid Treatment Devices Market, 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Hemorrhoid Treatment Devices Market: By Type, 2020-2030, USD (Million)
- 6.3. Hemorrhoid Treatment Devices Market: By Usage Area, 2020-2030, USD (Million)
- 6.4.Hemorrhoid Treatment Devices Market: By Region, 2020-2030, USD (Million)
- 6.4.1.North America
- 6.4.1.1. U.S.
- 6.4.1.2. Canada
- 6.4.1.3. Rest of North America
- 6.4.1.North America
7. UK and European Union Hemorrhoid Treatment Devices Market, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Hemorrhoid Treatment Devices Market: By Type, 2020-2030, USD (Million)
- 7.3. Hemorrhoid Treatment Devices Market: By Usage Area, 2020-2030, USD (Million)
- 7.4.Hemorrhoid Treatment Devices Market: By Region, 2020-2030, USD (Million)
- 7.4.1.UK and European Union
- 7.4.1.1. UK
- 7.4.1.2. Germany
- 7.4.1.3. Spain
- 7.4.1.4. Italy
- 7.4.1.5. France
- 7.4.1.6. Rest of Europe
- 7.4.1.UK and European Union
8. Asia Pacific Hemorrhoid Treatment Devices Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Hemorrhoid Treatment Devices Market: By Type, 2020-2030, USD (Million)
- 8.3. Hemorrhoid Treatment Devices Market: By Usage Area, 2020-2030, USD (Million)
- 8.4.Hemorrhoid Treatment Devices Market: By Region, 2020-2030, USD (Million)
- 8.4.1.Asia Pacific
- 8.4.1.1. China
- 8.4.1.2. Japan
- 8.4.1.3. India
- 8.4.1.4. Australia
- 8.4.1.5. South Korea
- 8.4.1.6. Rest of Asia Pacific
- 8.4.1.Asia Pacific
9. Latin America Hemorrhoid Treatment Devices Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Hemorrhoid Treatment Devices Market: By Type, 2020-2030, USD (Million)
- 9.3. Hemorrhoid Treatment Devices Market: By Usage Area, 2020-2030, USD (Million)
- 9.4.Hemorrhoid Treatment Devices Market: By Region, 2020-2030, USD (Million)
- 9.4.1.Latin America
- 9.4.1.1. Brazil
- 9.4.1.2. Mexico
- 9.4.1.3. Rest of Latin America
- 9.4.1.Latin America
10. Middle East and Africa Hemorrhoid Treatment Devices Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Hemorrhoid Treatment Devices Market: By Type, 2020-2030, USD (Million)
- 10.3. Hemorrhoid Treatment Devices Market: By Usage Area, 2020-2030, USD (Million)
- 10.4.Hemorrhoid Treatment Devices Market: By Region, 2020-2030, USD (Million)
- 10.4.1.Middle East and Africa
- 10.4.1.1. GCC
- 10.4.1.2. Africa
- 10.4.1.3. Rest of Middle East and Africa
- 10.4.1.Middle East and Africa
11. Company Profile
- 11.1. Cook Medical
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Portfolio
- 11.1.4. Strategic Initiatives
- 11.2. Medtronic Plc
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Portfolio
- 11.2.4. Strategic Initiatives
- 11.3. Privi Medical
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Portfolio
- 11.3.4. Strategic Initiatives
- 11.4. Sklar Corporation (Sklar Surgical Instruments)
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Portfolio
- 11.4.4. Strategic Initiatives
- 11.5. Integra LifeSciences Corporation
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Portfolio
- 11.5.4. Strategic Initiatives
- 11.6. OBP Medical Corporation
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Portfolio
- 11.6.4. Strategic Initiatives
- 11.7. A.M.I. GmbH
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Portfolio
- 11.7.4. Strategic Initiatives
- 11.8. CONMED Corporation
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Portfolio
- 11.8.4. Strategic Initiatives
- 11.9. Boston Scientific Corporation
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Portfolio
- 11.9.4. Strategic Initiatives
- 11.10. Ethicon (Johnson & Johnson)
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Portfolio
- 11.10.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Hemorrhoid Treatment Devices Market By Type, 2020-2030, USD (Million)
- TABLE 2 Global Hemorrhoid Treatment Devices Market By Usage Area, 2020-2030, USD (Million)
- TABLE 3 North America Hemorrhoid Treatment Devices Market By Type, 2020-2030, USD (Million)
- TABLE 4 North America Hemorrhoid Treatment Devices Market By Usage Area, 2020-2030, USD (Million)
- TABLE 5 UK and European Union Hemorrhoid Treatment Devices Market By Type, 2020-2030, USD (Million)
- TABLE 6 UK and European Union Hemorrhoid Treatment Devices Market By Usage Area, 2020-2030, USD (Million)
- TABLE 7 Asia Pacific Hemorrhoid Treatment Devices Market By Type, 2020-2030, USD (Million)
- TABLE 8 Asia Pacific Hemorrhoid Treatment Devices Market By Usage Area, 2020-2030, USD (Million)
- TABLE 9 Latin America Hemorrhoid Treatment Devices Market By Type, 2020-2030, USD (Million)
- TABLE 10 Latin America Hemorrhoid Treatment Devices Market By Usage Area, 2020-2030, USD (Million)
- TABLE 11 Middle East and Africa Hemorrhoid Treatment Devices Market By Type, 2020-2030, USD (Million)
- TABLE 12 Middle East and Africa Hemorrhoid Treatment Devices Market By Usage Area, 2020-2030, USD (Million)
List of Figures
- FIG. 1 Global Hemorrhoid Treatment Devices Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Hemorrhoid Treatment Devices Market: Quality Assurance
- FIG. 5 Global Hemorrhoid Treatment Devices Market, By Type, 2021
- FIG. 6 Global Hemorrhoid Treatment Devices Market, By Usage Area, 2021
- FIG. 7 Global Hemorrhoid Treatment Devices Market, By Geography, 2021
- FIG. 8 Global Hemorrhoid Treatment Devices Market, By Type, 2021 Vs 2030, %
- FIG. 9 Global Hemorrhoid Treatment Devices Market, By Usage Area, 2021 Vs 2030, %
- FIG. 10 U.S. Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
- FIG. 11 Canada Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
- FIG. 12 Rest of North America Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
- FIG. 13 UK Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
- FIG. 14 Germany Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
- FIG. 15 Spain Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
- FIG. 16 Italy Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
- FIG. 17 France Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
- FIG. 18 Rest of Europe Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
- FIG. 19 China Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
- FIG. 20 Japan Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
- FIG. 21 India Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
- FIG. 22 Australia Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
- FIG. 23 South Korea Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
- FIG. 24 Rest of Asia Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
- FIG. 25 Brazil Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
- FIG. 26 Mexico Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
- FIG. 27 Rest of Latin America Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
- FIG. 28 GCC Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
- FIG. 29 Africa Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
- FIG. 30 Rest of Middle East and Africa Hemorrhoid Treatment Devices Market (US$ Million), 2020 - 2030
