Wilmington, Delaware, United States, Transparency Market Research Inc. – Hemorrhoid is a gastrointestinal disorder mostly affecting adults.
Wilmington, Delaware, United States, Transparency Market Research Inc. – 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.
Request Sample of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=60987
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.
Request for Custom Research - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=60987
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.
Ask for References - https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=60987
Research on Efficacy and Safety Paves Way to New Avenues in Hemorrhoid Treatment Devices Market
Hemorrhoid treatment devices market has made some remarkable strides on the back of expanding diagnosis and treatment options. Rise in outpatient population seeking interventions to manage hemorrhoids. The prevalence of the poly-symptomatic driven disease is high, leading to high community burden. Of the various outpatient procedures, rubber band ligation have attracted the attention of healthcare industries in several countries, notably in the U.K. In this regard, hemorrhoid treatment devices market have seen steady potential opportunity in the acceptance of combination therapies and radiofrequency ablation therapy. However, for such therapies to gain substantial mainstreaming into the management of hemorrhoids, studies backing their safety and effectively lack prominently. This has opened a new vista in new research in the hemorrhoid treatment devices market.
The still-emerging Covid-19 pandemic has put large strain on the manufacturing of medical devices. The pandemic-led economy slump has also severely impacted the production in the hemorrhoid treatment devices market. The pandemic has also raised concerns on the outpatient visits, with healthcare centers having had discouraged these visits due to virus spread risks.
However, in the last few months, consumer sentiment has also started to pick up pace. Also, the healthcare industry has been on the path of returning on normalcy quite rapidly. This is spurring hospital visits, which will undoubtedly revive the momentum of growth in the hemorrhoid treatment devices market. Further, telemedicine has breathed a new life in the way patients interact with the healthcare systems without physically visiting healthcare providers’ sites.
Make an Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=60987
Over the past few years, the demand for and popularity of surgical therapies has also picked up some pace. Manufacturers in the hemorrhoid treatment devices market are eyeing incredible avenues in the open technique system. They are relentlessly working on unveiling devices that can reduce post-operative pain and other procedural complications. Patients with prolapsed haemorrhoids have come under the scanner of device manufacturers. Concurrent advances in the surgical techniques will boost the growth of the hemorrhoid treatment devices market.
More Trending Reports by Transparency Market Research –
Disposable Syringes Market: The disposable syringes market is expected to progress at a robust CAGR of ~7% during the forecast period.
Veterinary Endoscopes Market: The global veterinary endoscopes market was valued at US$ 458.3 Mn in 2018 and is anticipated to expand at a CAGR of 7.1% from 2019 to 2027.
Medical Foods Market: The global medical foods market was valued at US$ 18 Bn in 2019 and is anticipated to expand at a CAGR of ~6% from 2020 to 2030.
Surgical Retractors Market: The global surgical retractors market is expected to reach ~US$ 3.1 Bn by the end of 2030. The global surgical retractors market is expected to expand at a CAGR of ~5% during the forecast period.
Dental Consumables Market: The global dental Consumables market was valued at US$ 23,718.0 Mn in 2018 and is anticipated to expand at a CAGR of 5.4% from 2019 to 2027.
Vascular Stents Market: The global vascular stents market is expected to grow at a moderate CAGR of ~5% during the forecast period.
Monopolar Electrosurgery Market: The global monopolar electrosurgery market was valued at US$ 1.72 Bn in 2018 and is anticipated to expand at a CAGR of 3.9% from 2019 to 2027.
Glioma Treatment Market: The global glioma treatment market is estimated to expand at a CAGR of 5.7% during the forecast period 2022 to 2031.
About Us
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com