Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.89 Billion | USD 6.13 Billion | 5.85% | 2022 |
The global anorectal disorders treatment market size was worth around USD 3.89 billion in 2022 and is predicted to grow to around USD 6.13 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.85% between 2023 and 2030. The report analyzes the global anorectal disorders treatment market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the anorectal disorders treatment industry.
Anorectal disorders are medical conditions related to the rectum or anus. The anorectal disorders treatment industry deals with various types of medications and therapies used for the treatment of the associated condition or managing the symptoms which range from pain, itching, bleeding, and difficulty with bowel movements. The treatment for anorectal disorders depends on the specific concern along with its severity. The different types of conditions include anal fissures, warts, anal abscesses and fistulas, and fecal incontinence. The market deals with the segment that focuses on providing services and products for the management, diagnosis, and treatment of these conditions. It includes medical devices, surgical instruments, pharmaceuticals, and therapeutic procedures. The industry stakeholders offer a range of treatment options depending on the patient's condition.
Increasing prevalence of anorectal disorders to propel market growth
The global anorectal disorders treatment market is projected to grow owing to the increasing prevalence of the condition. The onset of the associated diseases is related to several causes and depends on the particular type of condition diagnosed by the medical professional. Hemorrhoids, for instance, are swollen blood vessels present in the anus or rectum. Several factors can contribute to the conditions including straining during bowel movement, chronic constipation or diarrhea, pregnancy & childbirth, obesity, and generic impact. In the same way, fecal incontinence which refers to the inability to control bowel movement is known to be caused by a variety of underlying issues such as inflammatory bowel disease, chronic diarrhea, weak or damaged sphincter muscles, or nerve damage. With the increasing number of people suffering from different types of anorectal disorders, the market is projected to grow.
Lack of awareness and social stigma to restrict market expansion
Despite the medical community expanding its reach worldwide by running multiple explanatory and awareness-generating programs, there are several medical diseases that lead to a sense of social stigma which leads to the patients suffering silently for multiple years. Anorectal disorders are a set of such conditions that either go unmentioned or there is a significant lack of awareness amongst the patient group which restricts the global anorectal disorders treatment market expansion.
Increasing efforts undertaken by healthcare agencies to provide growth opportunities
The world is currently witnessing a surge in several activities that aim to remove social discomfort related to certain medical conditions. These programs are undertaken by regional healthcare bodies with the aid of medical professionals and institutes. Such programs are expected to create higher growth opportunities for the anorectal disorders treatment industry during the forecast period. For instance, statistics submitted by Eurostat claim that in 2020, the European member states spent nearly €49.9 billion on preventive health care.
Limited reimbursement policies to challenge the market expansion
One of the key challenges that the global anorectal disorders treatment industry players are expected to come across is the lack of adequate reimbursement policies covering surgical procedures and treatment related to anorectal disorders. This greatly restricts the market growth trajectory since more people may refrain from undergoing expensive treatments and opt for home remedies which may further intensify the condition.
The global anorectal disorders treatment market is segmented based on end-users, diseases, route of administration, distribution channel, and region.
Based on end-users, the global market segments are specialty clinics, hospitals, and others. In 2022, the industry witnessed the highest growth in the specialty clinics services which include facilities dedicated to gastroenterology, proctology, or colorectal diseases. Specialty clinics are known to be equipped with specific devices and tools required to treat less conventional conditions such as anorectal disorders. These conditions also require specialized care and diagnostic tools. Hospitals are important to the overall market growth because they generally tend to be the primary point of contacting a medical professional. As of 2021, the US healthcare sector was worth more than USD 800 billion.
Based on disease, the anorectal disorders treatment industry segments are rectal prolapse, hemorrhoid, diarrhea, abscess, fistula, fissures, itching, warts, and others.
Based on route of administration, the global market divisions are rectal, parenteral, oral, and others. The most frequently used form of administration in anorectal disorders is the rectal mode along with topical medication. The process involves applying medicine to the affected area and can exist in the form of creams, ointments, suppositories, or medicated wipes. The main aim of such medication is to promote healing, reduce inflammation, and soothe associated symptoms. The rectal route is known to be effective since it provides localized treatment. As estimated, the US elderly population above the age of 85 years is likely to reach 20 million by 2050.
Based on distribution channel, the anorectal disorders treatment industry segments are retail pharmacy, hospital pharmacy, and others.
Report Attributes | Report Details |
---|---|
Report Name | Airport Sleeping Pods Market Research Report |
Market Size in 2022 | USD 73.69 Million |
Market Forecast in 2030 | USD 134.28 Million |
Growth Rate | CAGR of 7.79% |
Number of Pages | 208 |
Key Companies Covered | Sleepbox, GoSleep, Minute Suites, YOTELAIR, Napcabs, Podtime, SnoozeCube, JetQuay Suites, Zzzleepandgo, Snooze at My Space, Napcab, Sleep Lounge, Sleep 'n fly, Relax Zones, Snooze Project, Sleep Pods, Hush Experience, SleepBox by AirPod, Napbox, Sleeping in Airports, AirDreams, Airport Pod, The Zleep Hotel, Sleeping Pods by MetroNaps. |
Segments Covered | By Module, By End-User, By Product, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to witness high growth rate
The global anorectal disorders treatment market is projected to witness the highest growth in North America with particular focus on Canada and the US. Factors such as high anorectal disorders prevalence rate along with growing awareness are reasons for higher CAGR in the region. This trend is further strengthened by the establishment of a robust medical or healthcare infrastructure that ensures that every resident of the country has access to quality medical care. The regional governments are already emphasizing reducing the gap that exists in the medical care measures which could lead to further growth in North America. Moreover, the presence of key pharmaceutical players has worked in the favor of the regional market along with large-scale medical device manufacturers. In 2022, the total medical expenditure in Canada reached USD 8,563 per Canadian as per the Canadian Institute of Health Information.
By End-Users
By Disease
By Route of Administration
By Distribution Channel
FrequentlyAsked Questions
Anorectal disorders are medical conditions related to the rectum or anus. The industry deals with various types of medications and therapies used for the treatment of the associated condition or managing the symptoms which range from pain, itching, bleeding, and difficulty with bowel movements.
The global anorectal disorders treatment market is projected to grow owing to the increasing prevalence of the condition
According to study, the global anorectal disorders treatment market size was worth around USD 3.89 billion in 2022 and is predicted to grow to around USD 6.13 billion by 2030.
The CAGR value of the anorectal disorders treatment market is expected to be around 5.85% during 2023-2030.
The global anorectal disorders treatment market is projected to witness the highest growth in North America with particular focus on Canada and the US.
The global anorectal disorders treatment market is led by players like Johnson & Johnson, Medtronic, Boston Scientific Corporation, Pfizer Inc., Allergan plc (AbbVie), Cook Medical Inc., Olympus Corporation, Teleflex Incorporated, B. Braun Melsungen AG, Salix Pharmaceuticals (a subsidiary of Bausch Health Companies Inc.), Coloplast A/S, ConvaTec Group PLC, Ethicon (a subsidiary of Johnson & Johnson), GlaxoSmithKline PLC, Novartis AG, Pfizer Inc., Takeda Pharmaceutical Company Limited, Ferring Pharmaceuticals, Mylan N.V., Teva Pharmaceutical Industries Ltd., Abbott Laboratories, Cardinal Health, Inc., McKesson Corporation, AmerisourceBergen Corporation, Cigna Corporation.
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