Hemorrhoids Treatment Market is segmented by Type (Internal Hemorrhoids and External Hemorrhoids); by Treatment (Medication, Devices, and Surgery); by Drugs (Topical Steroids, Topical Anaesthetics, and Others); by Devices (Cryotherapy Devices, Hemorrhoids Laser Probes, and Others); by Route of Administration (Oral, Topical, and Others); by End Users (Hospitals, Homecare, Specialty Clinics, and Others); by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2023-2032
Hemorrhoids Treatment Market Overview
The global hemorrhoid treatment market was valued at USD 733.5 million in 2023. The market is expected to expand at a CAGR of 12.1% from 2023-2032 and is expected to cross value of USD 2016.5 million by the end of 2032.
The pillow-like clusters of veins that lie just beneath the mucous membranes lining the lowest part of the rectum and the anus is known as hemorrhoids or piles. The symptoms of piles often improve with at-home treatments, but on occasion, people need medical procedures. The hemorrhoids treatment market or piles treatment market is growing due to its increasing occurrence among adults. The technology for the treatment of hemorrhoids, is also increasing significantly, which is expected to boost the market growth. Pfizer Inc., Johnson & Johnson Services, Inc., and GlaxoSmithKline plc are some of the significant parties in the market for hemorrhoids treatment.
Hemorrhoids Treatment Market Drivers
Some key drivers for the hemorrhoids treatment market are:
- Rising Occurrence of Piles or Hemorrhoids: Being a usual medical condition, hemorroids are upsetting a good number of people. The rising rate of hemorrhoids is compelling the demand for good treatment options which is gearing the market growth.
- Increasing Awareness in Seeking Medical Assistance: People are now more conscious about the disease therefore there is more awareness about the different medical treatments available in the market which is helping to boost the market growth.
- Expanding Healthcare Facilities in Developing Nations: Advanced and easy admittance to the healthcare facilities and better healthcare infrastructure for the patients is another factor for the growth of the market.
- Obtainability of Drugs for Piles: Obtainability of an extensive range of drugs for healing the patients of piles is also driving the market.
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Hemorrhoids Treatment Market Challenges
Some challenges facing the hemorrhoids treatment market are:
- Disgrace and Lack of Attentiveness Associated with Hemorrhoids: Piles is a familiar issue but it is seen that there is disgrace associated with discussing the disease and there is a lack of concern among patients for the ailment which obstructs the market to grow.
- Lack of Specialized Personnel in Low-Income Countries: Lack of specialized or trained personnel for the treatment of hemorrhoids in low-income countries hinders the growth of the market.
- Time-Taking and Painful Treatment Process: The treatment of hemorrhoids is time-consuming as well as painful for the patients who are suffering therefore obstructing the growth of the market.
- Lack of Technological Devices in Hospitals in Low-Income Nations: Piles are nowadays a common medical issue amongst individuals. But there is a lack of technological devices needed to treat the disease in underdeveloped nations hindering the market growth.
Hemorrhoids Treatment Market Segmentation
Segmentation of hemorrhoids treatment market are:
- By Type
- Internal Hemorrhoids and External Hemorrhoids
- By Treatment
- Medication
- Devices
- Surgery
- By Drugs
- Topical Steroids
- Topical Anaesthetics
- Others
- By Devices
- Cryotherapy Devices
- Hemorrhoids Laser Probes
- Others
- By Route of Administration
- Oral
- Topical
- Others
- By End users
- Hospitals
- Homecare
- Specialty Clinics
- Others
- By Region:
- North America (U.S., and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Russia, Rest of Europe)
- Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
- Latin America (Mexico, Argentina, Rest of Latin America)
- Middle East and Africa
Hemorrhoids Market: Report Scope |
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|
Base Year |
2023 |
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Base Year Market Size |
USD 733.5 Million |
|
Forecast Year |
2023-2032 |
|
Forecast Year Market Size |
USD 2016.5 Million |
|
CAGR Value |
12.1% |
|
Segmentation |
|
|
Challenges |
|
|
Growth Drivers |
|
Timeline considered for all these studies will be:
2023 – Base Year
2023 – Estimated Year
2023-2032 – Forecast Period
Hemorrhoids Treatment Market Regional Synopsis
The leading regional market segment for the global hemorrhoid treatment market is in North America. The growing occurrence of hemorrhoids due to changes in one's lifestyle is gearing the market growth in this region. Besides this, the availability of skilled surgeons who perform these surgeries is also projected to drive the market growth.
The Asia-Pacific region is a quickly growing market. The fast development of medical infrastructure and the growth of the medical industry is fueling the market growth in this region.
Hemorrhoids Treatment Market Key Players
Some key players in the hemorrhoid treatment market are:
- Pfizer Inc.
- Johnson & Johnson Services, Inc.
- GlaxoSmithKline plc
- Novartis AG
- AstraZeneca
- Abbott
- Merck & Co., Inc.
- AbbVie Inc
- Allergan
- Medtronic
- Olympus Corporation
- Lupin Pharmaceuticals, Inc.
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- Publication date: 22nd February 2024
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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