Hospitals Segment to Dominate India Hemorrhoids Surgical Devices Market During Forecast Period
Increasing advancements in healthcare for treating hemorrhoids and improper dietary habits to drive India Hemorrhoids Surgical Devices Market
According
to TechSci Research report, “India Hemorrhoids Surgical Devices Market
By Product, By Cause, By
End users, Forecast & Opportunities, 2025”, the India hemorrhoids surgical devices market is expected
to grow at a formidable rate during the forecast period on account of poor
fiber intake in diet among population in majority of developing economies. Additionally,
surging advancements in methods for treating hemorrhoids is further driving the
market growth in the country. Moreover, increase in intra-abdominal pressure
during pregnancy or due to obesity is another factor contributing to rise in incidence
of hemorrhoids, due to which there has been rapid growth in the demand for hemorrhoids
detection and surgical devices, which is anticipated to bode well for the
growth of hemorrhoids surgical devices market in the country. Furthermore, increased
expenditure in healthcare sector is anticipated in giving healthy push to the
market growth until 2025. Moreover, continuous technological advancements in
the development of medical devices are positively influencing the market growth
in the country. Furthermore, growing cases of chronic diarrhea is another
factor which is expected to contribute to the market growth in the coming years.
However, some of the most important factors that are restraining the growth of
the India hemorrhoids surgical devices market during the forecast period are stringent
regulatory approval procedures to ensure safety of the products.
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The India hemorrhoids surgical devices market
is segmented based on product, cause, end user, company and region. Based on end
users, the market can be categorized into hospitals (public, private), surgical
centres and others. Among them, the hospitals segment dominated the market
until 2019 in terms of high revenue and is further estimated to maintain its
leading position during the forecast period as well. This growth can be
attributed to the presence of advanced surgical devices as well as largest
patient footfall for hemorrhoid treatment. Additionally, growing government
support in the country for the availability of advanced treatment options is
further bolstering the growth of segment in the country. In terms of cause, the
market is fragmented into pregnancy, aging, obesity, chronic constipation,
diarrhea, others. Among them, chronic constipation segment is anticipated to
register fast growth during the forthcoming years, on account of rising
population having this problem because of the consumption of foods with little
fiber.
Medtronic, Boston Scientific and
Corporation, Johnson & Johnson, Olympus Corporation, Karl Storz, Stryker
Corporation, Conmed Corporation, Cook Medical, Pentax Medical, Richard Wolf
GmbH, Lotus Surgicals, Biolitec AG, Pal Surgicals, Dolphin Surgicals, B. Braun
Melsungen AG, Medline Industries, Inc., AMI Surgical, KDB Surgi Pharma,
IndoSurgicals Pvt. Ltd., Koninklijke Philips N.V. and others are
some of the leading players operating in India hemorrhoids surgical devices market. These market players are focusing more on strategic
partnership such as partnerships and new product developments in order to
expand their geographic reach.
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“India hemorrhoids surgical devices market is expected
to witness significant growth during the forecast period accredited to
existence of large prospective patient pool. Moreover, well-established
healthcare infrastructure is available in the country which is further anticipated
to propel growth of the India hemorrhoids surgical devices market in the next 5
years. Also, growing awareness among the population pertaining to the availability
of diagnostic tests and treatments is expected to aid the growth of the hemorrhoids
surgical devices market through 2025. Additionally, better reimbursements along
with fast commercialization of novel products are some other key factors responsible
for the market growth until 2025.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“India Hemorrhoids Surgical Devices Market
By Product, By Cause, By End users, By Region,
Forecast & Opportunities, 2025” has evaluated the future growth potential of India hemorrhoids
surgical devices market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in India hemorrhoids
surgical devices market.
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