The Business Research Company’s report on the Hemorrhoids Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the hemorrhoids market’s growth in recent years?
The rising demand for over-the-counter (OTC) products is expected to propel the growth of the hemorrhoids market going forward. Over-the-counter (OTC) refers to products or services available for purchase without a prescription or through direct transactions, outside formal exchanges. The increasing demand for over-the-counter products is due to increasing consumer preference for self-care, convenience, and cost-effectiveness. OTC products, such as creams, ointments, suppositories, and wipes, are used to relieve symptoms of hemorrhoids by reducing pain, itching, swelling, and inflammation. For instance, in July 2023, according to the Proprietary Association of Great Britain (PAGB), a UK-based trade association, in 2022, UK OTC manufacturers produced $5.55 billion (£4.3 billion) worth of products annually, exporting approximately $3.61 billion (£2.8 billion) internationally, including $2.07 billion (£1.6 billion) of the $3.10 billion (£2.4 billion) produced by PAGB members. Therefore, the rising demand for over-the-counter (OTC) products is driving the growth of the hemorrhoids market.
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How does the future projection of the hemorrhoids market size compare to its historical growth?
The hemorrhoids market size has grown strongly in recent years. It will grow from $2.76 billion in 2024 to $2.95 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to rising geriatric population, increasing number of clinical trials, rising burden of target disease, increasing the demand for surgical interventions, and rising prevalence of hemorrhoids.
The hemorrhoids market size is expected to see strong growth in the next few years. It will grow to $3.79 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to rising demand for over-the-counter (OTC) products, rise in prevalence of hemorrhoids, growing preference for minimally invasive hemorrhoid surgery, increase in healthcare spending, and rising disease awareness. Major trends in the forecast period include advanced surgical interventions, advancements in diagnostic tools, adoption of personalized medicine, development of innovative devices, and advancements in drug development.
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Which key players are shaping the future of the hemorrhoids market?
Major companies operating in the hemorrhoids market are Johnson & Johnson, Bayer AG, Abbott Laboratories, Medtronic Plc, Takeda Pharmaceutical Company, Medline Industries Inc., Boston Scientific Corporation, Church & Dwight Co. Inc., Dr. Reddy’s Laboratories Ltd, Integra LifeSciences Corporation, Glenmark Pharmaceuticals, CONMED Corporation, B. Braun Melsungen AG, Sebela Pharmaceuticals, AMATO PHARMACEUTICAL PRODUCTS LTD, Sklar Surgical Instruments, A.M.I. GmbH, Citius Pharmaceuticals, Privi Medical, Surkon Medical Co. Ltd.
What trends will propel the growth and evolution of the hemorrhoids market?
Major companies operating in the hemorrhoid market are developing innovative surgical products, such as minimally invasive hemorrhoid treatments, to enhance patient comfort, reduce recovery time, and improve clinical outcomes. A minimally invasive hemorrhoid treatment involves advanced medical procedures that reduce tissue damage, pain, and recovery time compared to traditional hemorrhoidectomy methods. For instance, in December 2023, Medical Fintech Innovations B.V., a Netherlands-based technology company, introduced the HemWell GEN 2. This next-generation device features the innovative Hemwellectomy procedure, a minimally invasive electrosurgical solution for hemorrhoids. This advanced technique is designed to offer patients a less painful alternative to traditional hemorrhoidectomy procedures, promoting faster recovery and enabling a quicker return to daily activities.
Which regions are expected to become dominant players in the hemorrhoids market?
North America was the largest region in the hemorrhoids market in 2024. The regions covered in the hemorrhoids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the hemorrhoids market, and how are they evolving?
The hemorrhoids market covered in this report is segmented –
1) By Type: Internal Hemorrhoids, External Hemorrhoids, Mixed Hemorrhoids
2) By Treatment Type: Medications, Procedures And Surgical Treatments
3) By End User: Hospitals, Clinics, Ambulatory Surgery Centers (ASCs), Homecare
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
Subsegments:
1) By Internal Hemorrhoids: Grade I, Grade II, Grade III, Grade IV
2) By External Hemorrhoids: Thrombosed External Hemorrhoids, Non-Thrombosed External Hemorrhoids
3) By Mixed Hemorrhoids: Combined Internal And External Hemorrhoids, Prolapsed Hemorrhoids
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How is the hemorrhoids market defined, and what are its core characteristics?
Hemorrhoids refer to swollen and inflamed veins in the rectum and anus that can cause discomfort, pain, itching, and bleeding, often resulting from increased pressure due to straining during bowel movements, pregnancy, or prolonged sitting.
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