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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