Hemorrhoids Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global hemorrhoids market was valued at USD 550.1 million in 2022, and a CAGR of 5.6% is expected during the forecast period. The hemorrhoids market is continuously growing due to the increasing prevalence of hemorrhoids all over the world. Increasing cases of hemorrhoids due to constipation and long sitting, especially on toilets, are driving the growth of this market. Increasing awareness among people about the seriousness of this disease is driving the growth of the market significantly. The market typically includes ointment, cream, medicated wipes, and, in some cases, prescription medications or procedures for severe cases. The increasing number of aging populations, awareness and accessibility, innovation, and global health concerns are driving the growth of the market.

Impact of Covid-19

Because of the shift in people's priorities, Covid-19 had a significant negative impact on the hemorrhoids market. Though there was a surge in cases due to lifestyle changes during lockdowns, like increased sedentary behavior and dietary shifts, this led to a higher incidence of hemorrhoids. However, the focus of the healthcare system was on managing COVID-19 cases, which led to decreased hospital visits for non-emergency conditions, including hemorrhoids. Overall, the market experienced fluctuations, with an initial surge followed by some slowdown due to changes in healthcare-seeking behavior during the pandemic.

Growth Drivers

Sedentary lifestyles, poor dietary habits, and obesity are the main reasons behind this disease. Increasing cases of constipation are driving market growth in the hemorrhoids market. Hemorrhoids are more common in older adults. So, with the aging population, the prevalence of this condition increases and drives market growth. Increased awareness about the available treatments and easier accessibility to various over-the-counter remedies contribute to market growth. Newer treatment options, improved formulations, and technological advancements in procedures offer additional growth opportunities within the market, driving the market towards success.

An increase in digestive disorders and chronic conditions that contribute to hemorrhoids drives market growth, especially in regions where these conditions are prevalent. A change in lifestyle is the main cause behind the growth of this market. Natural drugs are very popular in treating hemorrhoids efficiently, and surgery is the most common and leading segment in the treatment of hemorrhoids.

Segmentation

By Type

·         Interior Hemorrhoids

·         Exterior Hemorrhoids

Treatment

·         Medication

·         Devices

·         Surgery

Drugs

·         Topical Steroids

·         Topical Anesthetics

·         Others

Devices

·         Cryotherapy Devices

·         Hemorrhoid Laser Probes

·         Others

Route of Administration

·         Oral

·         Topical

·         Others

End-Users

·         Hospitals

·         Home-care

·         Specialty Clinics

·         Others

Regional Outlook

·         Asia Pacific

·         Europe

·         North America

·         Latin America

·         Middle East and Africa

Hemorrhoids Market Type Segmentation

On the basis of type, the hemorrhoids market is segmented into interior hemorrhoids and exterior hemorrhoids. Internal hemorrhoids occur inside the rectum and are not visible from outside. It causes more discomfort, bleeding, discomfort, and prolapse during bowel movements. Internal hemorrhoids are graded based on their severity. External hemorrhoids develop under the skin around the anus. It is felt as lumps or bumps around the anal area; it causes pain, itching, and irritation. External hemorrhoids also bleed if irritated. Increasing cases of constipation are the main reason behind the significant number of hemorrhoid patients all over the world. External hemorrhoids are the leading segment and are typically more noticeable due to their location outside the anal opening. Internal hemorrhoids are typically visible after the examination.

Hemorrhoids Market Route of Administration Segmentation

On the basis of type, the hemorrhoids market is segmented into interior hemorrhoids and exterior hemorrhoids. Internal hemorrhoids occur inside the rectum and are not visible from outside. It causes more discomfort, bleeding, discomfort, and prolapse during bowel movements. Internal hemorrhoids are graded based on their severity. External hemorrhoids develop under the skin around the anus. It is felt as lumps or bumps around the anal area; it causes pain, itching, and irritation. External hemorrhoids also bleed if irritated. Increasing cases of constipation are the main reason behind the significant number of hemorrhoid patients all over the world. External hemorrhoids are the leading segment and are typically more noticeable due to their location outside the anal opening. Internal hemorrhoids are typically visible after the examination.

Hemorrhoid Market End-User Segmentation

On the basis of end-user, the hemorrhoids market is segmented into hospitals, homecare, specialty clinics, and others. Hospitals are the leading segment due to the increasing number of patients admitted to hospitals for surgery. Hospitals are either specialty hospitals or general hospitals that deal with digestive system disorders. Larger hospitals with diverse departments and specialties have dedicated proctology or colorectal units, handling hemorrhoids cases among other gastrointestinal cases. Some hospitals also focus on advanced technologies or surgical innovations for hemorrhoid treatments, attracting patients seeking cutting-edge procedures. Outpatient clinics often offer non-invasive procedures like rubber band ligation, sclerotherapy, or infrared coagulation on an outpatient basis, catering to patients seeking minimally invasive treatments.

Regional Outlook

On the basis of the regions, the hemorrhoids market is segmented into 5 regions: Asia Pacific, North America, Latin America, Europe, the Middle East, and Africa. North America dominates the market due to the presence of major key players, healthcare expenditure, and high disposable income. The United States of America is the biggest market. The increasing number of cases of hemorrhoids due to constipation and lifestyle changes is driving the growth of the market. The Asia-Pacific region is witnessing significant growth during the forecast period due to government initiatives, increasing disposable income, and rising investment in the healthcare sector in countries like India, China, Japan, South Korea, and Australia. The increasing literacy rate, high disposable income, and government initiatives to make people more aware of the risk factors associated with the disease are driving the growth of the market. Western European countries like Germany, Italy, France, England, and Russia are the big markets in the region.

The Middle east and Africa is witnessing moderate growth in the market during the forecast period, due to poor healthcare infrastructure, and lack of awareness among the people.

Key Players

·         Pfizer INC

·         Johnson and Johnson

·         GlaxoSmithKline plc

·         Abbott

·         Merck and co.

·         Astrazeneca

·         Bristol Myers Squibb Company

·         Lupin Pharmaceuticals

·         Boehringer Ingelheim International GmbH

·         Olympus Corporation

·         Other Players