Hemorrhoid Treatment Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2028

 

Hemorrhoid is a common disease in the general population, also known as piles, in which the patient experiences painless bleeding during bowel movements, itching and irritation on the anal side, swelling of the anal veins, pain, and discomfort, and the formation of sensitive and painful lumps near the anus. Internal hemorrhoid and external Hemorrhoid Treatment Devices Market are two types of hemorrhoids.

The global hemorrhoid treatment devices market is being driven by an increase in hemorrhoid prevalence, technological advancements, patient awareness, and healthcare expenditure. The market has been steadily expanding due to the availability of more comprehensive diagnosis and treatment options. Rubber band ligation is becoming more popular in a number of countries as a low-cost and widely used treatment for first- to third-degree internal Hemorrhoid Treatment Devices Market. Combination therapies and radiofrequency ablation therapy have also gained traction in the global hemorrhoid treatment devices market.

Non-surgical and surgical treatments are available for hemorrhoids. Laxatives and corticosteroids are non-surgical treatments. Banding, sclerotherapy, infrared coagulation, hemorrhoidectomy, and hemorrhoid sampling are surgical treatments. Endoscopic rubber band ligator, hemorrhoidal multi-band ligator, disposable hemorrhoid banding system, McGivney hemorrhoidal ligator, endoscopic infrared coagulator, and lunatic infrared coagulator are all used to treat hemorrhoids.

Rapid Product Adoption in Hospitals and Clinics, Especially Among the Elderly: The wide range of treatment options available in hospitals and clinics is attributed to the significant uptake of products in these healthcare settings. The use of hemorrhoid treatment devices for elderly patients has increased, fueling revenue streams in the hemorrhoid treatment devices market.

Band Ligators Are Becoming More Popular in Grades I and II Hemorrhoid Treatment Devices Market: The increased demand for hemorrhoid treatments in in-patient settings creates numerous lucrative opportunities for hemorrhoid treatment device manufacturers.

Expansion of R&D on Combination Therapies: Companies in the medical technology sector are focusing on developing cutting-edge technologies that can be used in combination therapies.

Key Players

Johnson & Johnson, PRIVI MEDICAL PTE. LTD., Cook Medical, Medtronic Plc, Integra LifeSciences Corporation, OBP Medical Corporation, Boston Scientific Corporation, Sklar Surgical Instruments, Surkon Medical Co., Ltd., and CONMED Corporation are among the key players in the global hemorrhoid treatment device market.