Hemorrhoids Treatment Device Market Forecast, Trend Analysis & Competition Tracking - Global Review 2017 to 2027

Published : Ongoing
Category : Healthcare
Report Code : FACT577MR

Hemorrhoids are is a common condition that mainly develops at the base of the anal region. This condition employs various treatment methods that make use of specific devices

The principle of ligation with rubber bands is to encircle the base of the hemorrhoidal clump with a tight rubber band. The tissue cut off by the rubber band dies, and is replaced by an ulcer that heals with scarring.

Rubber band ligation can be used with first-, second-, and third-degree hemorrhoids. The most common complication of ligation is pain. However, bleeding one or two weeks after ligation or bacterial infection in the tissues surrounding the hemorrhoids may occur.

There are several treatments that use heat to destroy hemorrhoidal tissue, and promote inflammation and scarring, including bipolar diathermy, direct-current electrotherapy, and infrared photocoagulation. Such procedures destroy the tissues in and around the hemorrhoids and cause scar tissue to form. They are used with first-, second-, and third-degree hemorrhoids. Other methods such as laser and radiowave ablation can also be performed in the context of heat treatment.

In case of severe hemorrhoids development, surgery might be the best option available. Surgical removal of hemorrhoids, known as a hemorrhoidectomy or stapled hemorrhoidectomy, is mainly reserved for patients with third- or fourth-degree hemorrhoids.

Hemorrhoids is a most common anorectal disease defined as the symptomatic enlargement or distal displacement of anal cushions. Hemorrhoids are the swollen veins in the lowermost part of anus and rectum. Swollen hemorrhoids are also named as piles. Hemorrhoids are mostly classified on the basis of their location: Internal hemorrhoids, which occur in the lower rectum, are typically painless. Internal hemorrhoids can be effectively treated with medication and non-operative measures. Internal hemorrhoids can be further classified into Grade I non-prolapsing hemorrhoids, Grade II prolapsing hemorrhoids on straining but can be reduced spontaneously, Grade III prolapsing hemorrhoids which require manual reduction and Grade IV non-reducible prolapsing hemorrhoids that includes acutely thrombosed, incarcerated hemorrhoids. Meanwhile, external hemorrhoids, which grow under the skin nearby the anus and usually need no particular treatment unless it turns out to be highly thrombosed or causes discomfort to the patient. Some people are more likely to get hemorrhoids if their family members had them. A number of minimally invasive treatments are available to treat hemorrhoids that are less painful than traditional hemorrhoid removal therapy and allows faster recovery. Hemorrhoid development is caused due to several risk factors that include aging, abdominal obesity, depressive mood, and pregnancy.

Hemorrhoids Treatment Device Market: Drivers and Restraints

The global hemorrhoids treatment device market is anticipated to register a significant CAGR over a forecast period. The change in the food and lifestyle, including low fiber diet, spicy foods, and alcohol intake causes the development of hemorrhoid and is anticipated to boost the demand of the hemorrhoids treatment device and drives the global hemorrhoids treatment device market. The rise in geriatric population is likely to fuel the growth of global hemorrhoids treatment device market. The rising in the healthcare infrastructure also anticipated to drives the global Hemorrhoids treatment device market.

However, most experienced surgeons are using nonoperative therapies and are relying less on operative hemorrhoidectomy, this factor may hamper the demand for the hemorrhoids treatment device and restrain the growth of the global hemorrhoids treatment device market. The recurrences of hemorrhoids even after surgeries and lack of long-term result from procedures also obstructs the demand for the Hemorrhoids treatment device.

Hemorrhoids Treatment Device Market: Segmentation

The global hemorrhoids treatment device market is segmented on the basis of product type, procedure type and end user:

On the basis of product type, the global hemorrhoids treatment device market is segmented into:
Rubber band ligation
- Sclerotherapy
- Cryosurgery
- Coagulation
- Hemorrhoid stapling

On the basis of procedure type, the global hemorrhoids treatment device market is segmented into:
- Minimally invasive procedure
- Surgical procedure

On the basis of end user, the global hemorrhoids treatment device market is segmented into:
- Hospitals
- Ambulatory surgery centers (ASCs)
- Specialty clinics

Hemorrhoids Treatment Device Market: Regional Outlook

On the basis of regional presence, the global Hemorrhoids treatment device market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, and Middle East & Africa. Currently, North America is contributing the leading shares to the global hemorrhoids treatment device market in terms of value and anticipated to register a significant CAGR over a forecast period. APEJ is also contributing moderate shares to the market due to change in lifestyle and is expected to show a robust growth to the global hemorrhoids treatment device market. Europe is the most lucrative market for the hemorrhoids treatment device market. MEA is at a nascent stage to the global hemorrhoids treatment device market and anticipated to register a decent growth to the market over a forecast period. Overall, the global Hemorrhoids treatment device market is expected to show significant growth over a forecast period.

Hemorrhoids Treatment Device Market: Key Players

Some of the major market players in hemorrhoids treatment device market globally include SURKON MEDICAL CO., LTD., Jiangsu Kangjin Medical Instrument Co.,Ltd., LocaMed Limited, Reach surgical, Ultroid, Sklar Surgical Instruments, Cook, Medline Industries, Inc. and others. These companies are highly focused on the development of advanced hemorrhoids treatment device further contributing to the growth of hemorrhoids treatment device globally.

The report covers exhaustive analysis on: