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Strong Growth Ahead: Hemorrhoids Market Size To Grow At Arecord 6.5% Cagr By 2029
Hemorrhoids
How Big Is the Hemorrhoids Market Size Expected to Be by 2034?
The market for hemorrhoids has seen considerable growth in recent times. A surge from $2.76 billion in 2024 to $2.95 billion in 2025, maintaining a compound annual growth rate (CAGR) of 6.7%, is anticipated. This growth during the historic period can be linked with factors such as an increasing elderly population, a growing number of clinical examinations, an escalating incidence of the target illness, a heightened demand for surgical procedures, and a rising rate of hemorrhoids prevalence.
Expectations are high for robust expansion in the hemorrhoids market in the coming years. The market is predicted to balloon to $3.79 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.5%. Factors contributing to the projected growth include an increasing appetite for over-the-counter (OTC) products, a surge in hemorrhoids instances, a growing inclination for minimally invasive procedures for hemorrhoids, a rise in healthcare expenditure, and heightened awareness of the condition. Key trends for the forecast period encompass advanced surgical measures, innovation in diagnostic tools, embracing personalized medicine, the creation of ingeniously designed devices, and progress in pharmaceutical development.
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What Are the Emerging Segments Within the Hemorrhoids Market?
The hemorrhoids market covered in this report is segmented -
1) By Type: Internal Hemorrhoids, External Hemorrhoids, Mixed Hemorrhoids
2) By Treatment Type: Medications, Procedures And Surgical Treatments
3) By End User: Hospitals, Clinics, Ambulatory Surgery Centers (ASCs), Homecare
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
Subsegments:
1) By Internal Hemorrhoids: Grade I, Grade II, Grade III, Grade IV
2) By External Hemorrhoids: Thrombosed External Hemorrhoids, Non-Thrombosed External Hemorrhoids
3) By Mixed Hemorrhoids: Combined Internal And External Hemorrhoids, Prolapsed Hemorrhoids
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What Long-Term Drivers Are Shaping Hemorrhoids Market Trends?
The upward trend in the demand for over-the-counter (OTC) amenities is likely to fuel the expansion of the hemorrhoids market in the future. This term, OTC, represents commodities or services that can be bought without a prescription or through immediate transactions, away from conventional exchanges. The escalated demand for these OTC goods is fueled by the rising inclination of consumers towards self-care, convenience, and cost-efficiency. Various OTC products, like creams, ointments, suppositories, and wipes, are utilized to alleviate hemorrhoids symptoms like pain, itchiness, swelling, and inflammation. As a case in point, in July 2023, the Proprietary Association of Great Britain (PAGB), a UK-based trade association, stated that in 2022, UK OTC manufacturers manufactured products annually worth $5.55 billion (£4.3 billion), exporting roughly $3.61 billion (£2.8 billion) globally, inclusive of $2.07 billion (£1.6 billion) of the $3.10 billion (£2.4 billion) produced by PAGB members. Hence, the amplified demand for over-the-counter (OTC) goods is spurring the expansion of the hemorrhoids market.
Who Are the Top Competitors in Key Hemorrhoids Market Segments?
Major companies operating in the hemorrhoids market are Johnson & Johnson, Bayer AG, Abbott Laboratories, Medtronic Plc, Takeda Pharmaceutical Company, Medline Industries Inc., Boston Scientific Corporation, Church & Dwight* Co. Inc., Dr. Reddy's Laboratories Ltd, Integra LifeSciences Corporation, Glenmark Pharmaceuticals, CONMED Corporation, B. Braun Melsungen AG, Sebela Pharmaceuticals, AMATO PHARMACEUTICAL PRODUCTS LTD, Sklar Surgical Instruments, A.M.I. GmbH, Citius Pharmaceuticals, Privi Medical, Surkon Medical Co. Ltd.
What Hemorrhoids Market Trends Are Gaining Traction Across Different Segments?
Key players in the hemorrhoid market are pioneering new surgical products such as less invasive treatment methods for hemorrhoids. These new methods aim to increase patient comfort, expedite recovery, and augment clinical results. A less invasive hemorrhoid treatment involves contemporary medical operations that lessen tissue damage, discomfort, and the duration of recovery in comparison to conventional hemorrhoidectomy methods. For instance, Medical Fintech Innovations B.V., a tech firm based in the Netherlands, launched the HemWell GEN 2 in December 2023. This cutting-edge device employs the ground-breaking Hemwellectomy procedure, a less invasive electrosurgical solution for hemorrhoids. This sophisticated method aims to provide patients with a less painful option compared to traditional hemorrhoidectomy procedures, facilitating speedier recovery and enabling patients to resume their regular activities sooner.
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Which Regions Are Becoming Hubs for Hemorrhoids Market Innovation?
North America was the largest region in the hemorrhoids market in 2024. The regions covered in the hemorrhoids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Hemorrhoids Market?
2. What is the CAGR expected in the Hemorrhoids Market?
3. What Are the Key Innovations Transforming the Hemorrhoids Industry?
4. Which Region Is Leading the Hemorrhoids Market?
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