Hemorrhoid Treatment Devices market was valued US$ 625 Mn in 2018. It is anticipated to grow at a CAGR of 4.7% from 2019 to 2030.
The growth of the global hemorrhoid treatment devices market is attributed to factors such as growing incidence of hemorrhoids in adults, reducing costs of invasive procedures, and evolving treatment techniques to make the treatment more comfortable and efficacious. Moreover, growing awareness and increasing disposable incomes in emerging economies like China & India and factors such as aging, abdominal obesity, and pregnancy are fueling the growth of hemorrhoid treatment devices market globally. However, preference for non-operative therapies by experienced surgeons to treat hemorrhoids and the use of home remedies is hampering the demand for hemorrhoid treatment devices and restraining market growth.
Major Key Players of the Hemorrhoid Treatment Devices Market are:
Medtronic, Ethicon US, Boston Scientific Corporation, Cook Medical, Sklar Surgical Instruments, OBP Medical Corporation, Reach