North America Leads, Asia-Pacific Soars: Hemorrhoid Treatment Market Latest Trends by Regional Analysis with Global Industry Size, Share and Growth

Market Overview

The global hemorrhoids treatment market is anticipated to attain a market valuation of USD 725.9 Million by 2030, with a projected Compound Annual Growth Rate (CAGR) of 5.50% during the forecast period from 2022 to 2030.

As lifestyle and dietary patterns undergo changes, hemorrhoids have emerged as a significant concern for a substantial portion of the population. Commonly known as piles, hemorrhoids occur due to the swelling of veins in the lower anus, leading to the formation of a lump. Symptoms of this condition include itching or irritation in the anal region, severe pain or discomfort, swelling around the anus, and bleeding.

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The prevalence of hemorrhoids is on the rise, affecting approximately 4.4% of the global population, with the rate of occurrence increasing rapidly. There is a notable increase in awareness regarding hemorrhoids and the availability of treatment options. Consequently, misconceptions and hesitations associated with the disorder are diminishing, prompting more individuals to seek treatment at hospitals and clinics. Additionally, the advancement of innovative drugs and less invasive, faster treatment methods is expected to further augment the global market share of the hemorrhoids market.

Market Trends

The growth of the global hemorrhoids treatment market is primarily propelled by an expanding patient base and advancements in both the diagnosis and treatment of hemorrhoids. Furthermore, increased awareness about the condition and its causes has facilitated early diagnosis of hemorrhoids. Lifestyle changes, including sedentary habits and a diet low in fiber, have significantly contributed to the prevalence of this disorder.

The continuous evolution of hemorrhoids treatment has led to significant advancements. Novel drugs and sophisticated therapeutic devices play a crucial role in diagnosing hemorrhoids, providing medications, and facilitating self-care for hemorrhoids patients. Additionally, heightened public and private investments in infrastructure development have further stimulated the growth of this market.

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Competitive Insights

The major global companies playing a key role in the global hemorrhoids treatment market are:

Abbott Laboratories
AstraZeneca plc
Bayer AG
Boehringer Ingelheim GmbH
Boston Scientific Corporation
CONMED Corporation
Cook Medical
GlaxoSmithKline
Olympus Corporation
Pfizer Inc.
Takeda Pharmaceutical Company Taro Pharmaceuticals Inc.
Teva Pharmaceutical Industries Ltd.
AstraZeneca
Glenmark Pharmaceuticals

Market Segmentation

Device Insights:

In terms of device segmentation within the market, various devices are utilized, including Band Ligators, Sclerotherapy Injectors, Infrared Coagulators, Bipolar Probes, Cryotherapy Devices, and Hemorrhoid Laser Probes. Among these, Band Ligators hold the largest market share due to their high efficiency. These minimally invasive devices offer superior long-term efficacy, making them a significant component of the global hemorrhoids market. Additionally, they are cost-effective, and the external hemorrhoids treatment procedure using Band Ligators requires fewer sessions.

Administration Route Insights:

Topical agents currently dominate the global hemorrhoids market due to their effectiveness and rapid action. However, advancements in drug development are expanding the market share of oral medications. Oral drugs offer ease of administration and can be self-administered, facilitating external hemorrhoids treatment.

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Type Insights:

Non-surgical procedures dominate the market for hemorrhoids treatment, replacing surgical interventions due to the development of effective drugs and therapeutic methods. Band ligation has emerged as a highly successful procedure and is widely utilized today.

Distribution Channels Insights:

Retail pharmacies constitute the largest distribution channel segment due to their extensive network and ease of access. However, online pharmacies are experiencing rapid growth due to increasing internet penetration.

End-User Insights:

Hospitals and clinics are the primary end-users in the hemorrhoids treatment market, offering better infrastructure and professional support for patient care.

Market Regional Insights:

North America leads the global hemorrhoids treatment market, driven by the rising prevalence of hemorrhoids and robust healthcare infrastructure. Europe follows closely, supported by a growing geriatric population and well-developed medical infrastructure. The Asia-Pacific region is witnessing the fastest growth, attributed to expanding healthcare infrastructure, pharmaceutical industry growth, and increasing awareness about hemorrhoids.

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