According to Market Research Future (MRFR), the hemorrhoid treatment market would grow at a CAGR of roughly 5.14 percent from 2021 to 2027. Hemorrhoids often referred to as piles, are a disorder wherein the veins within the anal canal swell excessively. The market growth is influenced by numerous factors like the increasing prevalence of lifestyle-based diseases, growing demand for treatment, an increasing demand for reducing infections & complications relating to hemorrhoids, and an increasing number of surgeries.
The prevalence of hemorrhoids is found particularly between the age of 45 and 65, both in men and women. However, only a small percentage of the affected population seek any form of medical treatment like medication or surgery and instead opt for relief pills purchased from pharmacies.
Competitive Landscape
The global hemorrhoids treatment market holds a number of key players like Boehringer Ingelheim GmbH, Takeda Pharmaceutical Company, Abbott Laboratories, Boston Scientific Corporation, GlaxoSmithKline, Pfizer Inc., AstraZeneca PLC, CONMED Corporation, Taro Pharmaceuticals Inc., Astra Zeneca, Olympus Corporation, Cook Medical, Glenmark Pharmaceuticals Bayer AG, Teva Pharmaceutical Industries Ltd, and others.
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Market Segmentation
By Device Type
- Band Ligators
- Cryotherapy Devices
- Infrared Coagulators
- Sclerotherapy Injectors
- Bipolar Probes
- Hemorrhoid Laser Probes
By route of administration
- Oral
- Hydrocortisone
- Topical Agents
- Lidocaine
- Dibucaine
- Pramoxine
By treatment type
- Drugs
- NSAIDs
- Laxatives
- Herbals
By Distribution Channel
- Retail pharmacies
- Online pharmacies
- Hospital pharmacies
- Others
By End-users
- Ambulatory surgical centers
- Hospital & clinics
- Others
Regional Classification
For the global hemorrhoids treatment market, the American sector is the biggest regional market segment. Hemorrhoids are becoming more common as a result of lifestyle changes as well as the adoption of sedentary habits, which is supporting market expansion in this area.
The European market is the second most important. Hemorrhoids therapy is in high demand due to the growing geriatric population and the frequency of lifestyle disorders.
Furthermore, in this market category, well-grown medical infrastructure with active medical research backup is improved market aspects.
The quickest developing market sector in Asia-Pacific. This area’s market is being driven by the rapid growth of healthcare infrastructure as well as the expansion of the pharmaceutical sector. Furthermore, as public awareness of the condition grows, so does the number of patients who fall. Other segments, such as the Middle East and Africa, are predicted to increase at a moderate pace over the forecast timeframe.
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Industry News
In terms of results and treatment response, band ligators are superior to alternative options for internal and severe hemorrhoids. The development of the hemorrhoids treatment market can be attributed to a rise in the prevalence of hemorrhoids amongst some of the population, a rise in research & development efforts for the growth of novel drugs and therapies, as well as increased expenditure for the growth of healthcare infrastructure.
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