Hemorrhoid Treatment Devices Market Scenario, Top Companies, Gross Margin, Product Category and Potential over the Forecast Period to 2023
Aman Jain
The latest market report published by Credence Research, Inc. “Hemorrhoid Treatment Devices Market - Growth, Future Prospects, Competitive Analysis, 2018 - 2026,” the global hemorrhoid treatment devices market was valued at US$ 616.2 Mn in 2017 and expected to reach US$ 963.1 Mn by 2026, expanding at a CAGR of 4.9% from 2018 to 2026.
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Hemorrhoids are characterized by swelling and inflammation of veins in the anal canal and cause irritation, pain and itching to the patients. At present, several sufferers seek relief with an assortment of products such as home remedies, topical ointments of varying strengths and compositions. Direct application products offer temporary relief and have to be used for a limited period. Products such as cushions also offer comfort while sitting and cannot be considered as a treatment. Demographic studies have also revealed that those who purchase hemorrhoid care products have some primary factors in common such as age, low-income average, low education and so on. High education and high income bracket of patients is more appealing to permanent surgical treatments. However, lowering prices of band ligation treatments is anticipated to attract further patient groups.
Market Insights
Hemorrhoids are the fourth leading gastrointestinal disease diagnosed in outpatient settings. This accounts for approximately 3.3 million ambulatory care visits. Furthermore 10 million cases per year are self-reported in the U.S., conforming as over 4% of the U.S. population. Some prominent factors contributing to the incidence of hemorrhoids are increase in intra-abdominal pressure during pregnancy or due to obesity, improper dietary habits, constipation and other lifestyle factors. Despite its low morbidity, hemorrhoids have a prominent impact on the quality of life. However, this can be managed with a wide range of topical products and surgical and non-surgical treatments.
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Lifestyle and dietary changes are the prominent conservative treatments for hemorrhoids. Lifestyle modification including increasing the fluid intake, reducing fat consumption, exercise, weight loss and regular exercise are the mainstay. For symptomatic relief, corticosteroids, local anesthetics and anti-inflammatory agents are prescribed. Several of these drugs are also available over the counter and therefore has led to less reporting for medical assistance.
Table Of Content:
Chapter 1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Approach Adopted
1.3.4. Top Down Approach
1.3.5. Bottom Up Approach
1.3.6. Phase III – Expert Panel Review
1.3.7. Assumptions
1.4. Market Segmentation
Chapter 2. Executive Summary
2.1. Global Hemorrhoid Treatment Devices Market Portraiture
2.2. Global Hemorrhoid Treatment Devices Market, by Type, 2017 (US$ Mn)
2.3. Global Hemorrhoid Treatment Devices Market, by Usage Area, 2017 (US$ Mn)
2.4. Global Hemorrhoid Treatment Devices Market, by Geography, 2017 (US$ Mn)
Chapter 3. Global Hemorrhoid Treatment Devices Market: Dynamics and Future Outlook
3.1. Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Porter’s Five Forces Analysis
3.6. Attractive Investment Proposition, by Geography, 2017
3.7. Competitive Analysis: Global Hemorrhoid Treatment Devices Market, by Key Players, 2017 ...
Chapter 7. Company Profiles
7.1. Cook Medical
7.1.1. Company Overview
7.1.2. Financial Information (Subject to Data Availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Medtronic Plc
7.3. Privi Medical
7.4. Sklar Corporation (Sklar Surgical Instruments)
7.5. Integra LifeSciences Corporation
7.6. OBP Medical Corporation
7.7. A.M.I. GmbH
7.8. CONMED Corporation
7.9. Boston Scientific Corporation
7.10. Ethicon (Johnson & Johnson) ...
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Key questions answered in this report
- What is the estimated market size of the global hemorrhoid treatment devices market during the period 2016 to 2026?
- What is the estimated CAGR of this market during the forecast period from 2018 to 2026?
- What are the key trends that are being observed in the market which are defining the market movements?
- Based on the product types, which device and therefore treatment modality is capturing the largest market share, and why?
- Why the dominance of hospitals is challenged by ambulatory surgery centers?
- Will North America and Europe further witness market growth due to the shedding inhabitance in the patients?