Market
Scenario:
The Global Hemorrhoids Treatment Market is expected to register a CAGR
of ~5.5 % during the forecast period of 2018 to 2023.One of the most
uncomfortable disorders a patient can have is hemorrhoids and most of the
population under the age of fifty don’t know what hemorrhoids are. The general population avoids the disorder
until they suffer from the disorder and start to feel the symptoms such as pain
and itching associated with the condition.
According to the American Society of Colon & Rectal Surgeons,
hemorrhoids are one of the most common disorders and more than half the
population will develop hemorrhoids after the age of 30. The prevalence of hemorrhoids (also called
piles) in the United States is reported to be 4.4% with most suffering
occurring between the ages of 45 and 65, equally in men and women. But only one
third of these individuals seek medical treatment such as surgery, medication
etc., with most opting for over-the-counter relief purchased from the
pharmacies.
There are two types of haemorrhoids (piles), internal and
external, which differ to their location. While there is no exact cause of
hemorrhoids, there variety of reasons that can subsidize to the disorder:
aging, chronic constipation or diarrhea, pregnancy, heredity, straining during
bowel movements, faulty bowel function. Some patients may not even experience
symptoms but those that do may notice bleeding during bowel movements,
protrusion during bowel movements and itching, pain, and sensitive lumps in the
anal area. A variety of options exist for home treatment such as sitz
baths, wipes, suppositories, creams, fiber supplements, and hemorrhoid
pillows. Over half of patients purchasing hemorrhoid treatment use a
cream. Preparation H and Tucks are the leading providers of creams,
wipes/pads, and suppositories and can be purchased at most grocery and drug
stores.
Segmentation:
The Global Hemorrhoids Treatment Market is
segmented based on treatment type, route of administration, distribution
channel, and region.On the basis of treatment type, the market is segmented
into drugs (further sub segmented into laxatives, NSAIDs, and herbals)
non-surgical procedures (further sub segmented into band litigation,
sclerotherapy, cryotherapy) surgical procedures. Further, on the basis of route
of administration the market is segmented into oral, topical agents.
Distribution channel is segmented into retail pharmacies, hospital pharmacies,
online pharmacies and others.
Regional Market
Summary:
In the current scope of the study, the
above-mentioned segments are covered into four global regions, namely- the
Americas, Europe, Asia Pacific and the Middle East & Africa. More than
half the population in the U.S. will be affected by hemorrhoids in their lives.
Hemorrhoids are swollen, inflamed veins in the anal canal and can cause strong
irritation in the form of pain and itching. Currently, patients suffering from
hemorrhoids who seek relief from their discomfort can choose from an assortment
of products with varying positives and negatives. Direct products such as
creams, wipes, suppositories and pads are effective at providing temporary
relief, but cannot be used for permanent treatment. Hemorrhoid cushions can be
used as much as needed but are conspicuous and can be uncomfortable with
prolonged use.Moreover, According to Home Care
Magazine, in 2014, 24 million baby boomers had reached age 50. Those over age
65 will continue to represent a larger share of the overall population. By
2020, more than 54 million people in the United States will be over age 65.
Furthermore, by 2030, members of the 66 to 84 age brackets will constitute an
estimated 20 percent of the U.S. population.
Europe accounted for the second
largest market behind Americas. Europe consist of two regions namely Western
Europe and Eastern Europe. Western Europe holds the major share of the market,
which is majorly contributed by Germany, the U.K., and France. The major
factors accountable for the growth of the hemorrhoids treatment market comprise
of sedentary lifestyle, lack of physical exercise, alcoholism, obesity, poor
fiber intake in diet etc. in most of the regions in Europe. Lack of awareness
and preparedness for medical treatment due to a feeling of embarrassment
hinders the growth of the market.Asia Pacific is the
fastest growing region in hemorrhoids market.
Increasing need for better diagnostic devices, better and safe therapeutic
approach, rapidly improving technology, and the presence of huge patient pool
drive the growth of this market in Asia Pacific region.
Key players:
Key players:
Some of the key players in the Global Hemorrhoids
Treatment Market are Abbott Laboratories, AstraZeneca plc, Bayer AG, Boehringer
Ingelheim GmbH, Boston Scientific Corporation, CONMED Corporation, Cook
Medical, GlaxoSmithKline, Olympus Corporation, Pfizer Inc., Takeda
Pharmaceutical Company, Taro pharmaceuticals Inc., Teva Pharmaceutical
Industries Ltd, Astra Zeneca, Glenmark Pharmaceuticals and others
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Detailed Table
of Contents for Hemorrhoids Treatment Market
1. Report Prologue
2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6
Technology Trends & Assessment
...Continued!
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