Global Hemorrhoid Treatment Devices Market Anticipated to Gross Over USD 823.11 Million by 2026 End

  • 17 Oct 2019

The global hemorrhoid treatment devices market is expected to value USD 823.11 million by 2026 end and register a CAGR of 4.8% during the forecast period 2019-2026.

The increasing cases of intra-abdominal pressure due to improper dietary eating, obesity and during pregnancy are factors inflating the hemorrhoid treatment devices market size. The growing adoption of non-surgical treatments for treating hemorrhoids is contributing to the growth of the market. Changes in lifestyle including increase in the consumption of alcohol and increase in the consumption of fat-induced foods are positively influencing the hemorrhoid treatment devices market growth. According to the figures released by the National Hospital Ambulatory Medical Care Survey, hemorrhoid is the third most common outpatient gastrointestinal diagnosis with over 4 million emergency and office department visits each year. The increase in number further demonstrates the need for hemorrhoid treatment devices thus inflating the size of the market.


The Band Litigators Are Predicted to Dominate the Global Market 

The market is bifurcated into by type, by usage area, and by region.  In terms of device type band ligators are expected to increase the hemorrhoid treatment devices market share. Band ligation reduces the vascularity to a greater extent. The high adoption of band ligators owing to its minimal complications and enhanced safety has accelerated the growth of the market and is expected to witness an increase in its demand over the coming years.

In terms of usage area, hospitals control the growth of the market. The rapid expansion of hospitals in developed economies alongside favourable government initiatives is fueling the growth of the market as well. The increase in the geriatric population has led to a rise in the patient pool thus increasing the need for hospitals which in turn, shall inflate the market size.

In terms of region, North America dictates the growth of the market. The availability of efficient and developed healthcare infrastructure remains the key factor in escalating the market growth in the region. Increasing government approval is also spuring the market growth in the region. Increasing awareness regarding the availability of advanced treatment and the presence of better reimbursements is inflating the hemorrhoid treatment devices market size in the region.

The Asia-Pacific region is also projected to be a lucrative region owing to the large penetration of prominent players in the region and rapid expansion in the healthcare sector. Increasing geriatric population in countries like Japan and China is expected to drive the market. Companies like Wuxi Shenkang Medical Instrument Equipment Co.Ltd and Zhengzhou Safute Electronic Equipment Co., Ltd are actively present in the region.  


Key players of the market OBP Medical Corporation, CONMED Corporation, PRIVI MEDICAL PTE. LTD., Integra LifeSciences Corporation, Surkon Medical Co., Ltd., Boston Scientific Corporation, Cook Medicalm Sklar Surgical Instruments, and Johnson & Johnson.


Competitive Landscape:

  • Product launches are increasing hemorrhoid treatment devices market size. De Scalene in 2019 launched a new device called Cryocure. The device is available at affordable rates and helps in stopping the bleeding from anal blood vessels
  • PRIVI MEDICAL PTE. LTD. received clearance fro U.S FDA for its new device, Instalief


Global Hemorrhoid Treatment Devices Market Segmentation :

By Type

  • Band Ligators
  • Sclerotherapy Injections
  • Cryotherapy Devices
  • Infrared Coagulators
  • Laser Probes
  • Bipolar Probes
  • Others

By Usage Area

  • Hospitals
  • Clinics
  • Ambulatory Surgery Centers

By Region 

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Rest of the World


FutureWise Key Takeaways:

  • Growth Prospects
  • SWOT Analysis
  • Key Trends
  • Key data-points affecting market growth

Objectives of the Study:

  • To provide with an exhaustive analysis on the global hemorrhoid treatment devices market by type, by usage area and by region
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • Evaluate and forecast micro-markets and the overall market 
  • To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and the rest of the world
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
  • Profiling of companies to evaluate their market shares, strategies, financial and core competencies


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