Haemorrhoidal Energy Therapy (HET) market is expected to reach US$ 315.8 million by 2029, growing at a CAGR of 3.9% from 2023 to 2029.
To Know more about this report (Description, TOC and List of Tables and Figures) — Haemorrhoidal Energy Therapy (HET) Market
This growth is driven by several factors, including:
- Rising prevalence of hemorrhoids: Hemorrhoids are a common condition, affecting up to 50% of adults at some point in their lives. The aging population and increasing incidence of obesity and sedentary lifestyles are contributing to this rise.
- Growing awareness and acceptance of minimally invasive procedures: HET is a minimally invasive procedure with fewer side effects and shorter recovery times compared to traditional surgical options. This is increasing its popularity among patients and healthcare providers.
- Technological advancements: Advancements in HET devices are making them more effective and user-friendly, further driving market growth.
Key Players
The HET market is dominated by a few major players, including:
- Medtronic
- Johnson & Johnson
- Boston Scientific
- Micro-Tech Endoscopy
- ConMed
- Cook Medical
- Rocket Medical
- THD SpA
- Jiangsu Kangjin Medical Instrument
- Minimaxmed Medical
These players are constantly innovating and developing new HET devices to stay ahead of the competition.
Drivers and Opportunities
The key drivers of the HET market growth include:
- Rising prevalence of hemorrhoids
- Growing awareness and acceptance of minimally invasive procedures
- Technological advancements
- Increasing healthcare expenditure
- Growing geriatric population
- Rising demand for outpatient procedures
The key opportunities in the HET market include:
- Development of new and improved HET devices
- Expansion into emerging markets
- Increasing adoption of HET for different grades of hemorrhoids
- Development of combination therapies with other hemorrhoid treatment options
Segmentation
The HET market can be segmented by:
Type:
- Grade 1 Hemorrhoid Treatment
- Grade 2 Hemorrhoid Treatment
- Others
Application:
- Hospital
- Clinic
- Other
Region:
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa
Overall, the HET market is expected to witness steady growth in the coming years, driven by the increasing prevalence of hemorrhoids, growing awareness of minimally invasive procedures, and technological advancements.
The market is dominated by a few major players, but there are opportunities for new entrants with innovative products and technologies.
