LOS ANGELES, April 13, 2019 (GLOBE NEWSWIRE) -- The global Hemorrhoid Treatment Devices market is anticipated to grow at a constant CAGR around 4.8% during the forecast period 2018 to 2026 and reach the market value around USD 870 billion by 2026.
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According to the report named “Hemorrhoid Treatment Devices Market” - Global Industry Analysis, Growth, Share, Size, Trends and Forecast, 2018-2026”. The global market will likely be driven by an increase in hemorrhoid incidence among adults and an increase in hemorrhoid interventions due to the high preference of the patient. Increased adoption rates and awareness of hemorrhoid treatment devices are expected to dominate the global market for hemorrhoid treatment devices in North America and Europe. Power markets for hemorrhoid treatment devices are Asia Pacific, Latin America, Middle East & Africa. The Asia Pacific market is expected in 2018 to 2026 to increase at a high CAGR.
Cost-effective Devices for Treatment of Complex Hemorrhoids to Drive Global Market
The global market for hemorrhoid treatment equipment is driven by an increase in hemorrhoid incidence. Hemorrhoids are one of the most common disorders among young adults, according to the International Surgery Journal (February 2018). Over 50 per cent of people are estimated to suffer from batteries before reaching 50 per cent. The number of operations is expected to increase and will in turn propel the global market for hemorrhoid treatment devices. Due to the increase in the use of ligators for hemorrhoid processing, the band ligator segments represented a leading share of the global market in 2017. Binders involve a relatively safe and painless office-based procedure with minimal complications. In addition, increased use by physicians of endoscopic ligators for easy access to hemorrhoids is likely in the near future to increase this segment.
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End-User Stance
The global market of hemorrhoid treatment devices has been classified as hospitals, hospitals, outpatient surgical centers and so on in terms of end users. In 2017, hospitals & clinics held an important share of the world market. Multiple services and devices and ties with healthcare firms can lead to the predominance of the segment in order to enhance healthcare products and service offers. Hospitals & clinics also offer advanced technology and better health care services as a preferred treatment choice.
The segment of hospital and surgical centers, especially in developed economies, will expand at a high level of CAGR, with an increase in the geriatric population and an increase in health infrastructure and aid. Moreover, the segment is anticipated to be driven by an increase in the demand for hemorrhoid therapy in ambulatory surgical centres.
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North America is expected to dominate the Hemorrhoid Treatment Devices Market
As for the region, North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa are divided into the global markets of hemorrhoid treatment devices. In 2017, the global market dominated North America. The region is market driven by highly developed healthcare sector, increased awareness of hemorrhoid therapy and the continued development of hemorrhoid therapy devices among health care providers. In the hemorrhoid treatment equipment market, North America offers significant opportunities. In Asia Pacific, the market in the forecast period is expected to expand at a high level of CAGR, as the awareness of hemorrhoids for hemorrhoid procedures is increased. In addition, health sector growth is expected to boost the market in the region in countries such as China, Japan and India. Furthermore, the market for the region will likely increase during the projected period due to technological progress and the increase in hemorrhoid treatment adoption rates.
Johnson & Johnson, Boston Scientific Corporation and Medtronic plc are Likely to Continue to Lead the Global Hemorrhoid Treatment Devices Market
The Hemorrhoid Treatment Devices market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are Johnson & Johnson, Medtronic plc, Boston Scientific Corporation, Cook Medical, CONMED Corporation, Integra LifeSciences Corporation, Sklar Surgical Instruments, Medline Industries, Inc., and Surkon Medical Co., Ltd.
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