GlobalHemorrhoids Treatment market research report, by Treatment type (drugs,non-surgical procedures, surgical procedures), Route of administration (oral,topical agents) Distribution channel (retail pharmacies) – Forecast till 2027
MarketHighlights:
TheGlobal Hemorrhoids Treatment Market is expected to grow at an approximate CAGRof 7.1% during forecast period, 2018–2023. Factors such as growing demand fortreatment; increasing prevalence of lifestyle diseases, increase in number ofsurgeries which may require these treatments for postoperative care; andincrease in demand to reduce complications & infections relating tohemorrhoids are expected to drive the market. Growing aging populationcontributes to increased need of hemorrhoids treatment.
HemorrhoidsTreatment Market Dynamics
Increasedcases of intra-abdominal pressure due to improper dietary eating, obesity, andpregnancy are factors that increase the market size of hemorrhoid treatment.Changes in lifestyle, including increasing consumption of alcohol andfat-induced foods, have a positive effect on the market growth of hemorrhoidtreatment. However, inadequate knowledge and preparedness for medical treatmentdue to a feeling of embarrassment hinders the growth of the market.
HemorrhoidsTreatment Market Segmentation
Hemorrhoids Treatment Market Revenue is segmentedbased on treatment type, route of administration, and distribution channel.
Based ontreatment type, the market for hemorrhoids treatment is segmented intonon-surgical and surgical procedures. The non-surgical is further sub-segmentedinto, NSAIDs, laxatives, and herbals. The surgical procedures furthersub-segmented into band litigation, cryotherapy, sclerotherapy.
Based onthe route of administration, the market is segmented into oral and topicalagents.
Thedistribution channel is segmented into retail pharmacies, online pharmacies,hospital pharmacies, and others.
HemorrhoidsTreatment Market Regional Analysis
Theglobal hemorrhoids treatment market is segmented into four global regions,namely- the Americas, Europe, the Asia Pacific, and the Middle East &Africa.
Hemorrhoidswill impact more than half of the U.S. population in their lifetimes.Hemorrhoids are swollen, inflamed veins in the anal canal, which can causeextreme discomfort in the form of pain and itching. At present, patientssuffering from hemorrhoids who seek relief from their pain can choose from arange of products with varying positive and negative effects. Specificproducts, such as creams, wipes, suppositories, and pads, are useful inoffering immediate relief, but cannot be used for permanent care. Hemorrhoidcushions can be used, but they are noticeable and can be uncomfortable withextended use. Furthermore, according to Home Care Magazine, 24 million babyboomers had reached the age of 50 in 2014. Those over the age of 65 will tendto represent a greater proportion of the total population. By 2020, more than54 million residents in the United States will be over 65 years of age. Inaddition, by 2030, members of the 66 to 84 age group will make up an estimated20% of the U.S. population.
Europeregistered for the second-largest market behind the Americas. Europe iscomprised of two parts, namely Western Europe and Eastern Europe. WesternEurope has a significant market share, primarily contributed by Germany, theUnited Kingdom, and France. Primary factors that are responsible for the growthof the hemorrhoid treatment market include a sedentary lifestyle, lack ofphysical activity, alcoholism, obesity, low dietary fiber intake, etc. in mostregions of Europe. Lack of understanding and preparedness for medical care dueto a sense of shame hinders the growth of the market.
The AsiaPacific is the fastest-growing region on the market for hemorrhoids. Growingneed for better diagnostic devices, better and safer therapeutic methods,rapidly evolving technology, and the presence of a vast patient pool aredriving the growth of this market in the Asia Pacific region.
HemorrhoidsTreatment Market Key Players
Some ofthe major participants in the global hemorrhoids treatment market areAstraZeneca plc, Abbott Laboratories, AstraZeneca plc, Bayer AG,GlaxoSmithKline, Boehringer Ingelheim GmbH, Cook Medical, Boston ScientificCorporation, CONMED Corporation, Pfizer Inc., Takeda Pharmaceutical Company,Taro pharmaceuticals Inc., Astra Zeneca, Teva Pharmaceutical Industries Ltd,GlenmarkPharmaceuticals, Olympus Corporation, and others.
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