Hemorrhoid Treatment Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Hemorrhoid Treatment Devices Market is segmented By Product Type (Band Ligators, Bipolar Probes, Laser Probes, Cryotherapy Devices, Infrared Coagulators, Sclerotherapy Injectors, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments.

Hemorrhoid Treatment Devices Market Snapshot

Hemorrhoid Treatment Devices Market Overview
Study Period: 2019-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.7 %

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Market Overview

The Hemorrhoid Treatment Devices Market is expected to register a CAGR of 4.7% during the forecast period.

The COVID-19 pandemic is an unprecedented health concern and adversely affected communities, industries, businesses, and lives around the world, and it is still affected by the rise of new variants of the virus. The rising COVID-19 cases across the globe are having a profound impact on the market. Various research studies have been published to provide insight into Covid's impact on the market. For instance, in October 2020, a research study published titled "Impact of COVID-19 Quarantine on Advanced Hemorrhoidal Disease and the Role of Telemedicine in Patient Management" stated that COVID-19-related delays are linked to a deterioration of hemorrhoidal symptoms and patients' well-being. Weight and lifestyle changes were deemed key factors in determining disease severity. Hence, the lockdown and other social impacts have a negative impact on the market. However, in the long term, the market will grow.

Hemorrhoid is an abnormal mass of engorged and dilated blood vessels in swollen tissue that occurs internally in the anal canal or externally around the anus, that may be characterized by bleeding, pain, or itching. Hemorrhoids can develop inside the rectum (internal hemorrhoids) or under the skin around the anus (external hemorrhoids). Hemorrhoids have several causes, but often the cause is still unknown. Some effective treatment options are available for hemorrhoids but most people get relief with home treatments and lifestyle changes.

 Product launches provide new an innovative deivces which increases the efficiency in the market. For instance, in Febraury 2019, Organization de Scalene, launched Cryocure, an affordable medical device to treat piles without surgery. Cryocure uses advanced cryogenic physics and polymolecular technology to treat hemorrhoid-affected (Piles) patients in 15 days without surgery. Such product launches reduce complication and futher boost the demand of the market. 

Researech studies are another factor for the growth of the market. For instance, in April 2021, a research study publsihed titled "Prevalence and associated factors of hemorrhoids among adult patients visiting the surgical outpatient department in the University of Gondar Comprehensive Specialized Hospital, Northwest Ethiopia" stated that the overall prevalence of hemorrhoid was high and its prevalence was higher in male subjects. Constipation and being overweight were found to increase the odds of having hemorrhoids. Screening for early identification and intervention of hemorrhoids, especially for risk groups is better to be practiced by health professionals. Hence, increasing diagnosis will lead to high treatment which will increase the market growth in upcmoing future.

However, availability of several drugs as an alternate treatment option will hinder the market growth in upcoming future.

Scope of the Report

Hemorrhoid is an abnormal mass of engorged and dilated blood vessels in swollen tissue that occurs internally in the anal canal or externally around the anus, which may be characterized by bleeding, pain, or itching. Hemorrhoid Treatment Devices Market is segmented By Product Type (Band Ligators, Bipolar Probes, Laser Probes, Cryotherapy Devices, Infrared Coagulators, Sclerotherapy Injectors, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.

By Product Type
Band Ligators
Bipolar Probes
Laser Probes
Cryotherapy Devices
Infrared Coagulators
Sclerotherapy Injectors
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Band Ligators Segment is Expected to Hold a Major Market Share in the Hemorrhoid Treatment Devices Market

For internal and severe forms of hemorrhoids, band ligators offer better solutions than others in terms of outcomes and effectiveness in treatment. According to a study published in the International Surgery Journal, hemorrhoid is one of the most common disorders among young adults and estimates that over 50% of people suffer from piles before they reach the age of 50.

Various research studies have provided insight into the market. For instance, in March 2021, a research study titled "Rubber band ligation versus haemorrhoidectomy for the treatment of grade II–III hemorrhoids: a systematic review and meta-analysis of randomized controlled trials" stated that haemorrhoidectomy seems to provide better symptom control but at the cost of more pain and complications. Haemorrhoidectomy offers better symptom control compared with rubber band ligation in patients with grade II–III hemorrhoids but is accompanied by more postoperative pain and complications. Such studies will increase the market growth by providing new methods of hemorrhoid treatment.

Band Ligators segment holds a significant market share in the hemorrhoid treatment devices market and is anticipated to show a similar trend over the forecast period due to lower risk of pain compared to surgical treatments of hemorrhoids and also shorter recovery period. 

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North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to hold a major market share in the hemorrhoid treatment devices market due to increasing awareness about the availability of advanced treatment options, better reimbursements policies, and fast commercialization of novel products in this region. In February 2019, an article published titled "Epidemiology of Hemorrhoids" stated that according to the HD Treatment Center in North Carolina, an estimated around 10.4 million and 1 million new cases of hemorrhoids occur in the United States each year. Among them 10% to 20% of those new cases require surgery. In addition, around half of Americans develop hemorrhoids at the age of 50 years and only a small proportion of those people seek therapy.

Band ligation is one of the most frequently used methods in the treatment of hemorrhagic internal hemorrhoidal disease. Product launches are one of the factors for the growth of the market. For instance, in March 2020, Micro-Tech Endoscopy launched a new product in their hemostasis portfolio with the In-Sight Multi-Band Ligator. In-Sight was designed for office-based, non-endoscopic treatment of grade I, II, and III internal hemorrhoids.

Many studies have shown that these methods are safe to use. For instance, in February 2020, a clinical trial titled "The Effect of Rubber Band Ligation in Bleeding Internal Hemorrhoids" stated conducted a study to observe the effect of rubber band ligation. Under this, the investigators aimed to investigate the benefit of adding rubber band ligation to treatment in hemorrhagic internal hemorrhoidal disease treated with the anti hemorrhoidal drug. Such clinical trials will improve to market growth.

Moreover, technological advancements in the hemorrhoid treatment devices and presence of well-established healthcare infrastructure is also fueling the growth of the overall regional market to a large extent.

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Competitive Landscape

The Hemorrhoid Treatment Devices Market is fragmented in terms of competition and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Boston Scientific Corporation, Medtronic Plc, Cook Medical, DePuy Synthes (Johnson & Johnson), Integra LifeSciences Corporation, CONMED Corporation, Medline Industries, Inc, Surkon Medical Co., Ltd, Sklar Surgical Instruments and Privi Medical.

Recent Development

In February 2022, a clinical trial by the State Scientific Centre of Coloproctology, Russian Federation was conducted on the treatment of hemorrhoids with a 1940nm laser procedure. These clinical trials will increase the product pipeline in the future.

In January 2022, Cook Medical launched a medical device manufacturing facility in Indianapolis. The USD 15 million, 40,000 sq. foot facility, will begin production in the first quarter of the year 2022.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rise in Prevalence of Hemorrhoids

      2. 4.2.2 Technological Advancements in Hemorrhoid Treatment Devices

    3. 4.3 Market Restraints

      1. 4.3.1 Availability of Several Drugs as an Alternate Treatment Option

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value – USD million)

    1. 5.1 By Product Type

      1. 5.1.1 Band Ligators

      2. 5.1.2 Bipolar Probes

      3. 5.1.3 Laser Probes

      4. 5.1.4 Cryotherapy Devices

      5. 5.1.5 Infrared Coagulators

      6. 5.1.6 Sclerotherapy Injectors

      7. 5.1.7 Others

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 France

        4. 5.2.2.4 Italy

        5. 5.2.2.5 Spain

        6. 5.2.2.6 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Australia

        5. 5.2.3.5 South Korea

        6. 5.2.3.6 Rest of Asia-Pacific

      4. 5.2.4 Middle-East and Africa

        1. 5.2.4.1 GCC

        2. 5.2.4.2 South Africa

        3. 5.2.4.3 Rest of Middle-East and Africa

      5. 5.2.5 South America

        1. 5.2.5.1 Brazil

        2. 5.2.5.2 Argentina

        3. 5.2.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 A.M.I. GmbH

      2. 6.1.2 Boston Scientific Corporation

      3. 6.1.3 CONMED Corporation

      4. 6.1.4 Cook Medical

      5. 6.1.5 DePuy Synthes (Johnson & Johnson)

      6. 6.1.6 Integra LifeSciences Corporation

      7. 6.1.7 Medline Industries, Inc

      8. 6.1.8 Medtronic Plc

      9. 6.1.9 obp Surgical Corporation

      10. 6.1.10 Privi Medical

      11. 6.1.11 Sklar Surgical Instruments

      12. 6.1.12 Surkon Medical Co., Ltd

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Global Hemorrhoid Treatment Devices Market market is studied from 2019 - 2027.

The Global Hemorrhoid Treatment Devices Market is growing at a CAGR of 4.7% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Boston Scientific Corporation, Medtronic Plc, Cook Medical, DePuy Synthes (Johnson & Johnson), Integra LifeSciences Corporation are the major companies operating in Global Hemorrhoid Treatment Devices Market.

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