Varicose Vein Treatment Devices Market size was estimated at USD 984.38 Million in 2020 and expected to reach USD 1,114.68 Million in 2021, at a Compounds Annual Growth Rate (CAGR) 13% from 2021 to 2027 to reach USD 2,112.73 Million by 2027.
Varicose veins are large, swollen veins that usually appear in the legs and feet. This condition occurs when the valves in the veins do not function properly, affecting normal blood flow. In severe cases, veins can rupture or turn into ulcers on the skin. Treatments for varicose veins include surgery, sclerotherapy, ligation and removal, and radiofrequency ablation. In recent years, various treatments for varicose veins have been developed that are minimally invasive and cause less postoperative complications. The growth of the global varicose veins treatment devices market is attributable to increasing incidence of chronic venous disease (CVD), increasing adoption of intravenous laser ablation, and advances in varicose veins treatment technology. However, the lack of skilled professionals and the shortcomings of intravenous laser ablation technology are major factors hindering the market growth.
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The companies present actively in the global varicose veins treatment market are Alma Lasers, Inc., Vascular Solutions, Inc., Syneron Medical Ltd., Lumenis Ltd., Dornier Medtech GmbH, Quanta Systems S.P.A., Asclepion Laser Technologies GmbH, and Angiodynamics.
Moreover, the market is further propelled by the following advantages associated with the non-thermal non tumescent procedures (NTNT): effectiveness of cost and time, no requirement of anesthesia, painless procedure, reduced risk of collateral damage to surroundings tissues, and low risk of postoperative complications. These factors altogether support market penetration of these products.
The endogenous ablation market is expected to the fastest growing treatment segment due to the short treatment time and the improved blood circulation after the procedure. In 2015, sclerotherapy market experienced a rapid growth due to polidocanol and other sclerosing agents used in the treatment of both, varicose vein and spider vein treatments. The FDA approved these sclerosing agents in 2010, which is further expected to drive the market growth in the U.S.
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Scope of the Report
The research study analyzes the global Varicose Veins Treatment industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Varicose Veins Treatment Market Report
1. What was the Varicose Veins Treatment Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027
- What will be the CAGR of Varicose Veins Treatment Market during the forecast period (2019-2025)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027
4. Which manufacturer/vendor/players in the Varicose Veins Treatment Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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