Hemorrhoid Treatment Devices Market Expected to Exceed $1.2 Billion by 2031: TMR Study

0

WILMINGTON, DE /ACCESSWIRE/September 22, 2022 / Transparency Market Research Inc. – The advancements in radiofrequency ablation therapies and the focus on improving the effectiveness of combination therapies will enrich the future prospects of the hemorrhoid treatment devices market. Increased access to elaborate evaluation of hemorrhoids in patients, including prolapsed hemorrhoids, has boosted the revenue potential in the hemorrhoid treatment devices market. The hemorrhoid treatment devices market size was pegged at US$728.9 million in 2021.

The availability of a wide range of treatments, including cutting-edge therapies in developed hospitals and clinics and developing economies, has generated many opportunities. It should be noted that in 2021, the hospital and clinic segment held the largest revenue share in the hemorrhoid treatment devices market. The rise in adoption of minimally invasive therapies in elderly patients has propelled cost-effective avenues.

Get Exclusive Sample PDF Copy of Hemorrhoids Treatment Devices Market Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=60987

A recent analysis of the market demand for hemorrhoid treatment devices indicates that patients and caregivers are increasingly aware of the need for early stage treatments. The widespread preference of devices in the treatment of grade I and II hemorrhoids enriches the market outlook.

Key Findings of Hemorrhoid Treatment Devices Market Research

  • Rapid adoption of products in hospitals and clinics, especially among the elderly: The substantial adoption of the products in hospitals and clinics is attributed to the wide range of treatment options possible in these healthcare facilities. The use of hemorrhoid treatment devices has increased for elderly patients, thus fueling the revenue streams of the hemorrhoid treatment device market.
  • Band ligators are gaining popularity for the treatment of grade I and II hemorrhoids: The rise in demand for in-hospital hemorrhoid treatments is opening vast lucrative avenues for players in the hemorrhoid treatment device market. The TMR study authors found that band ligators are widely preferred, especially for the treatment of grade I and II hemorrhoids. The increase in the number of rubber band ligation patients over the years has energized growth opportunities.
  • R&D on combination therapies expanding the avenues: Medtech companies focus on the development of advanced technologies that can be used in combination therapies. They conduct enormous research on improving the effectiveness and safety of treatments. The need to reduce postoperative pain and complications will catalyze the commercialization reach of these devices in the hemorrhoid treatment device market.

Ask for references – https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=60987

Hemorrhoid Treatment Devices Market: Key Drivers

  • Growing patient awareness of minimally invasive hemorrhoid procedures and treatments coupled with high prevalence of the disease in the general population is a key driver for the market evolution. Companies are constantly investing in R&D to unveil devices that promote minimally invasive procedures for treatment.
  • Rising medical tourism in emerging economies has enhanced the revenue potential of companies in the hemorrhoid treatment devices market. In particular, Singapore and India have quickly emerged as promising destinations for advanced medical treatments at relatively low costs compared to most developed countries.

Hemorrhoid Treatment Devices Market: Regional Growth Dynamics

  • Europe held a major market share in the world in 2021. The widespread demand for the products has propelled substantial revenue streams over the years. Furthermore, the launch of technologically advanced devices in recent years has also created profitable avenues in the regional market.
  • The study found that the Asia-Pacific hemorrhoid treatment device market is rife with opportunities, especially driven by growing demand in China, Japan, and India. Growing patient awareness of the various treatments available, coupled with rising living standards, is driving growth prospects.

Investigate before buying – https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=60987

Hemorrhoid Treatment Devices Market: Key Players

The presence of several large vendors vying for significant shares of the hemorrhoid treatment device market makes the landscape increasingly fragmented, the TMR study notes.

Some of the major players include Sklar Surgical Instruments, CONMED Corporation, Integra LifeSciences, Cook Medical, Medtronic Plc. and Boston Scientific Corporation.

Hemorrhoid Treatment Devices Market Segmentation

  • Device
    • Band ligators
      • Endoscopic ligators
      • Non-endoscopic ligators
    • Sclerotherapy injectors
    • Infrared coagulators
    • Bipolar probes
    • Cryotherapy devices
    • Laser probes for hemorrhoids
    • Others
  • Final user
    • Hospitals & Clinics
    • Ambulatory surgery centers
    • Others

Regions

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Countries

  • WE
  • Canada
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • China
  • India
  • Japan
  • Australia and New Zealand
  • Brazil
  • Mexico
  • GCC countries
  • South Africa

Modernization of healthcare in terms of infrastructure and services has pushed the healthcare industry to new heights, stay updated with the latest Health Care Research Reports by Transparency Market Research:

Trichoscope Devices Market: The global trichoscope devices market is expected to reach US$73.4 million by the end of 2031 with a CAGR of 7.3% from 2022 to 2031.

Intraosseous Devices Market: The global intraosseous devices market is expected to reach over US$778.9 million by the end of 2031 with a CAGR of 5.6% from 2022 to 2031.

Magnetic Resonance Imaging Market: The global Magnetic Resonance Imaging market is expected to reach over US$10.6 billion by the end of 2031 with a CAGR of 4.2% from 2022 to 2031.

Rapid Tests Market: The global rapid tests market is expected to reach over US$62.34 billion by 2031 with a CAGR of 8.0% from 2022 to 2031.

Chest Drainage Devices Market: The global chest drainage devices market is expected to reach over US$1.23 billion by 2031 growing at a CAGR of 5.3% from 2022 to 2031.

Custom Procedure Packs Market: The global custom procedure packs market is expected to reach over US$19.66 billion by the end of 2031 with a CAGR of 4.3% from 2022 to 2031.

Foley Catheters Market: The global Foley catheters market is expected to reach over US$2.2 billion by the end of 2031 with a CAGR of 7.1% from 2022 to 2031.

Optical Lens Edgers Market: The global Optical Lens Edgers Market is expected to reach over US$812.8 Million by 2031 growing at a CAGR of 7.00% from 2022 to 2031.

About Transparency Market Research

Transparency Market Research, a global market research firm registered in Wilmington, Delaware, USA, provides personalized research and advisory services. Our proprietary blend of quantitative forecasting and trend analysis provides forward-looking insights to thousands of decision makers. Our experienced team of analysts, researchers and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continually updated and reviewed by a team of research experts, so that it always reflects the latest trends and information. With broad research and analytical capability, Transparency Market Research uses rigorous primary and secondary research techniques to develop distinctive datasets and research material for trade reports.

For more information on research on leading industries, visit our YouTube channel and click subscribe for future update – https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact

Rohit Bhisey
Transparency Market Research Inc.
HEADQUARTERS IN THE CITY CENTER,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
United States – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
E-mail: [email protected]

THE SOURCE: Transparency Market Research Inc.

Share.

Comments are closed.