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Hemorrhoid Treatment Devices Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast

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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.
Hemorrhoid Treatment Devices Market Global Trends, Market Share, Industry Size,
Growth, Opportunities, and Market Forecast 2019 to 2026
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 20192026.
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.
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Competitive Landscape:
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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
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Band Ligators
Sclerotherapy Injections
Cryotherapy Devices
Infrared Coagulators
Laser Probes
Bipolar Probes
Others
By Usage Area

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Hospitals
Clinics
Ambulatory Surgery Centers
By Region

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North America
Europe
Asia Pacific
Latin America

Rest of the World
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FutureWise Key Takeaways:
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Growth Prospects
SWOT Analysis
Key Trends
Key data-points affecting market growth
Objectives of the Study:
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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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Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
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Contact Person: Vinay Thaploo
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