Global Haemorrhoids Treatment Market – Industry Trends and Forecast to 2030

Haemorrhoids Treatment Market Analysis and Size:

The increasing prevalence of hemorrhoids and technological advancements have significantly improved the design and functionality of the hemorrhoid treatment market and have carved the way for the market's growth. The market for hemorrhoid treatment has been growing steadily due to several factors. Firstly, rising healthcare expenditure has been a driver in the market. In addition, there is an increasing geriatric population which also contributes to the hemorrhoid treatment market.

Data Bridge Market Research analyses that the global haemorrhoids treatment market, which was USD 730.2 million in 2022, would rocket up to USD 2015.3 million by 2030 and is expected to undergo a CAGR of 11.88% during the forecast period. The internal hemorrhoids segment dominates the product type segment of the hemorrhoid treatment market owing to the advancements in technology that have led to advancements in hemorrhoid treatment for various use. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Haemorrhoids Treatment Market Scope and Segmentation

Market Definition

The global haemorrhoids treatment market refers to the market for products and services that are used to diagnose and treat haemorrhoids, also known as piles. Haemorrhoids are swollen and inflamed blood vessels in the rectum and anus that can cause pain, itching, and discomfort. The treatment market includes various options such as medication, minimally invasive surgeries, and surgical interventions.

Global Haemorrhoids Treatment Market Dynamics

Drivers

• Increasing prevalence of hemorrhoids

Hemorrhoids are a common medical condition affecting a significant portion of the global population. The rising prevalence of hemorrhoids is driving the demand for effective treatment options, thereby boosting the growth of the hemorrhoid treatment market.

• Growing awareness and healthcare-seeking behavior

There has been an increased awareness among individuals regarding the availability of various treatment options for hemorrhoids. As a result, people are more likely to seek medical assistance for their condition, leading to an increased demand for hemorrhoid treatment.

• Technological Advancements

Advancements in medical technology have led to the development of innovative and minimally invasive treatment procedures for hemorrhoids. These procedures offer advantages such as reduced pain, shorter recovery time, and improved efficacy, thereby driving the adoption of hemorrhoid treatment.

Opportunities

• Increasing healthcare expenditure:

Rising healthcare expenditure, especially in emerging economies, is supporting the growth of the hemorrhoid treatment market. Improved access to healthcare facilities, better healthcare infrastructure, and increasing healthcare insurance coverage facilitate the adoption of hemorrhoid treatment.

• Availability of over-the-counter (OTC) products:

The availability of a wide range of OTC products for treating hemorrhoids is also driving market growth. These products offer consumers convenience and ease of access, contributing to the overall demand for hemorrhoid treatment.

Restraints/ Challenges

• Side Effects and Safety Concerns:

Some hemorrhoid treatments, especially surgical interventions, may have potential side effects and safety concerns. These risks can deter patients from pursuing certain treatment options or delay seeking medical intervention.

• Limited Awareness and Stigma:

Hemorrhoids are a common condition, but there is often a lack of awareness and stigma associated with discussing and seeking treatment for this ailment. This can hinder the demand for hemorrhoid treatment products and services.

This global haemorrhoids treatment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In June 2023, Gero announced that it has entered into a research collaboration with Pfizer to apply Gero's machine-learning technology platform to discover potential therapeutic targets for fibrotic diseases using large-scale human-based data
• In June 2023, Novartis announced that it has agreed to acquire Chinook Therapeutics, a Seattle, WA, based clinical-stage biopharmaceutical company with two high-value, late-stage medicines in development for rare, severe chronic kidney diseases. The agreed deal, subject to customary closing conditions, is fully in line with Novartis' strategy to focus on innovative medicines and will significantly expand its renal portfolio, complementing the existing pipeline.

Global Haemorrhoids Treatment Market Scope

The global haemorrhoids treatment market is segmented based on by product type, treatment, drugs, devices, route of administration, and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Internal Haemorrhoids
• External Haemorrhoids

Route of Administration

• Oral
• Topical
• Others

Treatment

• Medication
• Devices
• Surgery

Drugs

• Topical Steroids
• Topical Anaesthetics
• Others

Devices

• Cryotherapy Devices
• Haemorrhoid Laser Probes
• Others

End Users

• Hospitals
• Homecare
• Specialty Clinics
• Others

Global Haemorrhoids Treatment Market  regional analysis/insights

The global haemorrhoids treatment market  is analyzed and market size insights and trends are provided by product type, treatment, drugs, devices, route of administration, and end users, as referenced above.

The countries covered in the global haemorrhoids treatment market report are U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa.

North America dominates the hemorrhoids treatment market due to major key players, high disposable income, high healthcare expenditure, and a well-developed healthcare sector.

Asia-Pacific is expected to grow during the forecast period of 2023-2030 due to the increasing research and development activities, rising investment in the healthcare sector, and growing government support.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The global haemorrhoids treatment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the market. The data is available for historic period 2015-2020.

Competitive Landscape and Global Haemorrhoids Treatment Market Share Analysis

The global haemorrhoids treatment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the global haemorrhoids treatment market  are:

• Pfizer Inc (U.S.)
• Johnson & Johnson Services, Inc (U.S.)
• GlaxoSmithKline plc (U.S.)
• F. Hoffmann-La Roche Ltd (U.S.)
• Novartis AG (U.S.)
• Astrazeneca (U.S.)
• Eli Lilly and Company (U.S.)
• Abbott (U.S.)
• Merck & Co., Inc.(U.S.)
• AbbVie Inc.(U.S.)
• Allergan (Ireland)
• Teva Pharmaceutical Industries Ltd. (Israel)
• Takeda Pharmaceutical Company Limited. (Japan)
• Astrazeneca (U.K.)
• Bristol-Myers Squibb Company (U.S.)
• Medtronic (U.S.)
• Bayer AG (Germany)
• Olympus Corporation. (Japan)
• Lupin Pharmaceuticals, Inc.(India)
• Boehringer Ingelheim International GmbH (Germany)

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