Global Hemorrhoid Treatment Device Market Insights Forecasts to 2033

• The Global Hemorrhoid Treatment Device Market Size was Valued at USD 724.1 Million in 2023.
• The Market Size is Growing at a CAGR of 4.01% from 2023 to 2033.
• The Worldwide Hemorrhoid Treatment Device Market Size is Expected to Reach USD 1,073.1 Million by 2033.
• Asia Pacific is expected to Grow the fastest during the forecast period.

The Global Hemorrhoid Treatment Device Market Size is Anticipated to Exceed USD 1,073.1 Million by 2033, Growing at a CAGR of 4.01% from 2023 to 2033.

Market Overview

Hemorrhoids, also known as piles, are a common disease in the general population in which the patient experiences painless bleeding while bowel movement, itching and irritation on the anal side, swelling of the anal veins, pain and discomfort, and an appearance of sensitive and painful lumps near the anus. Hemorrhoids are divided into two types: internal hemorrhoids and external hemorrhoids. However, hemorrhoid treatment devices are medical instruments or tools used to alleviate symptoms associated with hemorrhoids. These devices are designed to provide relief from pain, itching, swelling, and bleeding caused by hemorrhoids. In recent years, surgical treatments for hemorrhoids have grown in favor. The manufacturers are working on hemorrhoid devices that assist with minimizing post-operative discomfort and other operational consequences, particularly in patients with prolapsed hemorrhoids. Overweight and constipation have been linked to an increased risk of hemorrhoids. Medical professionals are better at evaluating hemorrhoids and intervening early, particularly in high-risk populations. As an outcome, increased diagnosis will raise requests for treatment, driving future market growth.

Report Coverage

This research report categorizes the market for the global hemorrhoid treatment device market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global hemorrhoid treatment device market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global hemorrhoid treatment device market.

Driving Factors

As treatment is less expensive in developing countries, countries such as India and Singapore have demonstrated huge potential in the hemorrhoid treatment devices industry. As per a recent hemorrhoid treatment device market analysis, the growth of advanced medical facilities, as well as the availability of highly qualified physicians and consultants, are attracting patients from the West to seek therapy in emerging nations. Telemedicine is becoming more popular as people connect with healthcare systems without having to make in-person visits. In contrast, consumer morale has begun to rise in recent months, and the healthcare business is resuming normal operations. This has led to a rise in hospital visits, enhancing the hemorrhoid treatment device market. The increasing prevalence of hemorrhoids, which can be attributed to factors such as sedentary lifestyles, poor nutritional habits, and obesity, is one of the major drivers of market growth. The aging population also contributes significantly, as the superiority of hemorrhoids tends to grow with age.

Restraining Factors

Overall awareness of markets in third-world countries, as well as small-scale economies due to a lack of basic utilities such as healthcare, education, and social media access, are important factors hindering market expansion and diversification. However, the cost of a variety of medications as alternative treatment choices will limit market growth in the future. Among the procedures being considered, rubber band ligation is the most commonly performed treatment in ambulatory settings. After therapy, the recurrence of hemorrhoids is a significant limitation for band ligation, limiting market expansion.

Market Segmentation

The global hemorrhoid treatment device market share is classified into device and end-use.

• The band ligators segment is expected to hold the largest share of the global hemorrhoid treatment device market during the forecast period.    

Based on the device, the global hemorrhoid treatment device market is categorized into sclerotherapy injectors, infrared coagulators, bipolar probes, band ligators, cryotherapy devices, hemorrhoid laser probes, and others. Among these, the band ligators segment is expected to hold the largest share of the global hemorrhoid treatment device market during the forecast period. With an increase in the number of hemorrhoids and a preference for inpatient operations, band ligators are becoming increasingly important in therapy. Band ligators, referred to as hemorrhoid banding devices, are one of the most prevalent ligator devices for treating grade I and II hemorrhoids. Band ligation can be done using or without an endoscope.

• The hospital segment is expected to grow at the fastest CAGR during the forecast period.    

Based on the end-use, the global hemorrhoid treatment device market is categorized into clinic, hospital, and home care settings. Among these, the hospital segment is expected to grow at the fastest CAGR during the forecast period. Hospitals will be responsible for a sizable percentage of the market for hemorrhoid treatment devices due to their advanced medical infrastructure and the presence of experienced healthcare experts. The hospital industry is expected to grow as the rate of hemorrhoids rises and the need for minimally invasive surgical procedures increases. Infrared and laser hemorrhoid therapy technology is widely used in hospitals to treat hemorrhoids. The increased patient awareness of the benefits of innovative surgical techniques will also boost the hospital segment.

Regional Segment Analysis of the Global Hemorrhoid Treatment Device Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global hemorrhoid treatment device market over the predicted timeframe.

North America is projected to hold the largest share of the global hemorrhoid treatment device market over the forecast period. North America has a significantly higher prevalence of hemorrhoids, which contributes to a larger patient pool and increased need for treatment equipment. North America has a better healthcare system, including well-equipped hospitals and clinics, which makes it easier to adopt improved hemorrhoid treatment technologies. Increased awareness of various treatment choices and a proactive approach to healthcare contribute to this location's supremacy. In the United States, it occurs due to sedentary lifestyles, unhealthy eating habits, and obesity. Furthermore, the availability of sophisticated hemorrhoid treatment technologies, as well as increased public knowledge of available treatment options, are driving market growth in this field.

Asia Pacific is expected to grow at the fastest CAGR growth of the global hemorrhoid treatment device market during the forecast period. The expanding older population in countries such as Japan, India, and China, which are especially prone to hemorrhoids, is driving market growth in this area. Furthermore, the market for hemorrhoid treatment devices continues to rise in the region as because of rising healthcare expenditures and the emergence of a large patient population in developing countries such as China and India.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global hemorrhoid treatment device market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• CONMED Corporation
• Privi Medical (Tracxn Technologies Limited)
• Sklar Surgical Instruments
• Boston Scientific Corporation
• Medtronic Plc
• Cook Medical
• Integra LifeSciences
• DePuy Synthes (Johnson & Johnson)
• Integra LifeSciences Corporation
• Ethicon Endo-Surgery (Johnson & Johnson)
• Teleflex Incorporated
• B. Braun Melsungen AG
• Erbe Elektromedizin GmbH
• Olympus Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Developments

• In February 2023, MEDFINITI B.V. along with its U.S. Subsidiaries, MEDFINITI, Inc. and HemWell MD LLC, are excited to announce the launch of HemWell, a cutting-edge electrosurgical device that transforms the way hemorrhoids are treated.

• In June 2022, ProNova Partners, the mergers and acquisitions firm based in the United States, received approval to help with the sale of exclusive rights to produce and distribute a patented, pain-free, non-invasive device for hemorrhoid elimination.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global hemorrhoid treatment device market based on the below-mentioned segments:  

Global Hemorrhoid Treatment Device Market, By Device

• Sclerotherapy Injectors
• Infrared Coagulators
• Bipolar Probes
• Band Ligators
• Cryotherapy Devices
• Hemorrhoid Laser Probes
• Others

Global Hemorrhoid Treatment Device Market, By End-Use

• Clinic
• Hospital
• Homecare Setting

Global Hemorrhoid Treatment Device Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa