Varicose Veins Treatment Market to be dominated by Laser Ablation Device type through 2028
Increasing burden of varicose vein cases is expected to drive
Global Varicose Veins Treatment Market in the forecast period, 2024-2028.
According to TechSci Research report, “Varicose Veins Treatment Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028”, Global Varicose
Veins Treatment Market is anticipated to grow at an impressive rate in the
forecast period, 2024-2028. This can be ascribed to the rising in
prevalence of small and greater saphenous vein, reticular varicose veins, and
genital area varicose veins among the population which has induced people to be
more aware and educated about varicose veins warning signals and the importance
of prompt response, technological advancements in varicose veins treatment
devices. Increase in
the use of compression stockings to effectively manage and treat varicose veins
in the early stages, rising investment by manufacturers on the development of
novel drugs for treatments of varicose vein and growing importance for
self-medication are the major factors are further expected to increase the
demand for varicose veins treatment market in the forecast period.
However, high
prices and hazards associated with vein surgery treatments, high procedural
costs and an inconsistent reimbursement system, high cost associated with the
treatment and death of skilled professionals, lack of healthcare infrastructure
in the developed countries is the main factor which will hamper the Global
Varicose Veins Treatment Market in the forecast period.
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The Global Varicose Veins
Treatment Market is
segmented based on type, component, end user and by region.
Based on Type, the global varicose veins treatment
market can be segmented into Endovenous
Ablation, Sclerotherapy, Surgical Ligation & Stripping. The Endovenous
ablation type
is expected to dominate the market for the forecast period because increasing elderly
population, increasing demand for noninvasive surgeries and advantages of this
method being minimally invasive with lesser complications. However, increasing initiatives by public and
government organization to spread the awareness of varicose vein treatment is
expected to propel the market growth.
Based on region, the global varicose veins
treatment market can be further divided into North America, Asia Pacific, Europe,
Middle East & Africa. North America region is dominated the market in 2022
and is expected to maintain its dominance throughout the forecast period. However,
the demonstration of the safety and efficacy of
laser treatments has helped reduce the stigma attached to cosmetic procedures
and has led to widespread acceptance of laser procedures, especially among men.
Additionally, flourishing healthcare
industry and increasing popularity of preventive healthcare will further boost
the market growth during the forecast period.
Major companies operating in global varicose veins treatment market are:
- Alma Lasers Limited
- Medtronic Plc.
- Boston Scientific Corporation
(Lumenis Corporation)
- Sciton, Inc
- Merit Medical Systems, Inc.
- BTG International Limited
- Energist Limited
- Teleflex Incorporated
- AngioDynamics, Inc.
- El. En SpA Group (Quanta
System)
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“Asia Pacific
region is expected to register the highest growth in the global varicose vein’s
treatment market on account of the presence of a large elderly population in
which varicose veins problem is quite common. Besides, rising healthcare
awareness towards preventive medicine in the region is further expected to
drive the growth of global varicose vein treatment market in the region. Additionally,
increasing incidence of different type venous diseases, coupled with the use of
advanced technology used for diagnosis and treatment for varicose veins
treatment is expected to propel the market growth till 2028” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Varicose
Veins Treatment Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028, Segmented By Type (Endovenous Ablation, Sclerotherapy, Surgical Ligation & Stripping),
By Component (Ablation Devices, Radiofrequency Ablation Devices, Laser Ablation
Devices, Venous Closure Products, Others), By End User (Hospitals &
Clinics, Ambulatory Care Centers, Others), By Region and Competition”, has evaluated the future growth potential of global varicose
veins treatment 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 global varicose veins treatment
market.
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