Hemorrhoids Treatment Device Market Overview from Angles of Players, Regions, Product Types and End Industries, Analyzed till 2027

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Rockville, US, 2018-Aug-10 — /EPR Network/ — The global hemorrhoids treatment device market is anticipated to register a significant CAGR over a forecast period. The change in the food and lifestyle, including low fiber diet, spicy foods, and alcohol intake causes the development of hemorrhoid and is anticipated to boost the demand of the hemorrhoids treatment device and drives the global hemorrhoids treatment device market. The rise in geriatric population is likely to fuel the growth of global hemorrhoids treatment device market. The rising in the healthcare infrastructure also anticipated to drives the global Hemorrhoids treatment device market.

However, most experienced surgeons are using nonoperative therapies and are relying less on operative hemorrhoidectomy, this factor may hamper the demand for the hemorrhoids treatment device and restrain the growth of the global hemorrhoids treatment device market. The recurrences of hemorrhoids even after surgeries and lack of long-term result from procedures also obstructs the demand for the Hemorrhoids treatment device.

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Hemorrhoids is a most common anorectal disease defined as the symptomatic enlargement or distal displacement of anal cushions. Hemorrhoids are the swollen veins in the lowermost part of anus and rectum. Swollen hemorrhoids are also named as piles. Hemorrhoids are mostly classified on the basis of their location: Internal hemorrhoids, which occur in the lower rectum, are typically painless. Internal hemorrhoids can be effectively treated with medication and non-operative measures. Internal hemorrhoids can be further classified into Grade I non-prolapsing hemorrhoids, Grade II prolapsing hemorrhoids on straining but can be reduced spontaneously, Grade III prolapsing hemorrhoids which require manual reduction and Grade IV non-reducible prolapsing hemorrhoids that includes acutely thrombosed, incarcerated hemorrhoids. Meanwhile, external hemorrhoids, which grow under the skin nearby the anus and usually need no particular treatment unless it turns out to be highly thrombosed or causes discomfort to the patient. Some people are more likely to get hemorrhoids if their family members had them. A number of minimally invasive treatments are available to treat hemorrhoids that are less painful than traditional hemorrhoid removal therapy and allows faster recovery. Hemorrhoid development is caused due to several risk factors that include aging, abdominal obesity, depressive mood, and pregnancy.

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Hemorrhoids Treatment Device Market: Regional Outlook

On the basis of regional presence, the global Hemorrhoids treatment device market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, and Middle East & Africa. Currently, North America is contributing the leading shares to the global hemorrhoids treatment device market in terms of value and anticipated to register a significant CAGR over a forecast period. APEJ is also contributing moderate shares to the market due to change in lifestyle and is expected to show a robust growth to the global hemorrhoids treatment device market. Europe is the most lucrative market for the hemorrhoids treatment device market. MEA is at a nascent stage to the global hemorrhoids treatment device market and anticipated to register a decent growth to the market over a forecast period. Overall, the global Hemorrhoids treatment device market is expected to show significant growth over a forecast period.

Hemorrhoids Treatment Device Market: Key Players

Some of the major market players in hemorrhoids treatment device market globally include SURKON MEDICAL CO., LTD., Jiangsu Kangjin Medical Instrument Co.,Ltd., LocaMed Limited, Reach surgical, Ultroid, Sklar Surgical Instruments, Cook, Medline Industries, Inc. and others. These companies are highly focused on the development of advanced hemorrhoids treatment device further contributing to the growth of hemorrhoids treatment device globally.

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