Market Research Future (MRFR) analysed the Global Hemorrhoid Treatment Devices Market 2020 across the analysis period. The hemorrhoid treatment devices market can expand at a considerable rate to earn about USD 973.94 Mn by 2025.
The availability of effective diagnostic solutions to detect hemorrhoid, often characterised by bleeding during defecation and inflammation in the anal region, can promote the expansion of the hemorrhoid treatment devices market. The increase in the number of patients with bowel movements disorder, chronic diarrhoea or constipation, and obesity due to low-fiber diet and regular heavy lifting among other causes that can induce hemorrhoids, create the need for hemorrhoid treatment that can favor the market.
The availability of expertise and required medications can also bolster the hemorrhoid devices market through the review period. However, cost issues can limit the market growth across the analysis period, reveals MRFR analysis.
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Cook Medical (US), Privi Medical (Singapore), Medtronic plc (Ireland), Sklar Surgical Instruments (US), Integra LifeSciences Corporation (Israel), CONMED Corporation (US), OBP Medical Corporation (US), Johnson Johnson Services, Inc. (US), and Boston Scientific Corporation (US) are some reputed names in the global hemorrhoid treatment devices market that are recognized by MRFR.
The segment assessment of the global hemorrhoid treatment devices market is done by procedure, device type, and end-user.
- By device type-based segments of the hemorrhoid treatment devices market are infrared coagulators, rubber band ligators, anoscopes, proctoscopes, cryotherapy devices, Doppler probes, and bipolar probes among others. The rubber band ligators segment can win about 14% share of the global market.
- By procedure-type based segments of the hemorrhoid treatment devices market are sclerotherapy, rubber band ligation, and infrared coagulation among others. The rubber band ligation segment can acquire about 39.2% share of the world market.
- By end-user-based segments of the hemorrhoid treatment devices market are ambulatory surgery centers, and hospitals and clinics among others. The hospitals and clinics segment can hold about 50.1% share of the worldwide hemorrhoid treatment device market.
The global hemorrhoid treatment devices market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and Middle East Africa.
In the Americas, the hemorrhoid market is expected to surge securing the largest share of the worldwide market. The existence of top-notch market players, rapid development in the healthcare field, spreading awareness about modern med-techs, and the easy availability of advanced treatment are other causes that can favor the hemorrhoid market in the region. In addition, the availability of favorable reimbursement scenario against hemorrhoid treatment can drive the regional hemorrhoid treatment devices market.
In Europe, the global hemorrhoid treatment devices market can secure the second largest share of the market through the analysis period. The large obese populace face issues, such as constriction of blood vessels that surrounds colon and anus that increases the risk hemorrhoids. Thus, surge in obese individuals can support the rise of EU market.
In Asia Pacific, the hemorrhoid treatment devices market can cause the hemorrhoid market to expand exponentially as rise in the number of hemorrhoids cases has been observed. Advancements in healthcare infrastructure across Asian countries, such as Japan and India, along with growing focus on big pharmaceutical companies can support the regional market across the assessment period.
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In Middle East and Africa, the hemorrhoid treatment devices market can expand at steady pace owing to economic developments across the region. The increasing demand for effective treatments can support the regional market rise.
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