Varicose Veins Treatment Market Size Statistics, Trends, Segmentation Analysis and Forecast to 2027

 Varicose Veins Treatment Market 2021

The global Varicose Veins Treatment Market  is growing rapidly majorly due to the rising prevalence of the condition worldwide. The market appears well-established with several novel procedures such as radial laser fibers, radiofrequency ablation, laser treatment, steam ablation, and microwave ablation therapy are trending in the market.  Besides, the increasing demand for advanced treatment options and growing healthcare expenditure is accelerating the growth of the market.

This market valuation is further projected to appreciate at 7.4% CAGR over the forecast period (2018 – 2023). Certainly, advances in medical technologies act as a key driving force for the growth of the market. Advances that have proven effective in bringing the ease in treatments influence the market growth. The emergence of advanced treatment procedures that have delivered improved outcomes and quality of life of patients is a major tailwind behind the growth of the market.

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Major Key Players:

Some of the prominent players in the global Varicose Veins Treatment Market are Medtronic, AngioDynamics, biolitec AG, Syneron Medical Ltd., Lumenis, Energist Ltd., Eufoton s.r.l., Teleflex Incorporated, Quanta System, Dornier MedTech, Scranton Gillette Communications, Sciton, Inc, Fotona d.o.o., BTG International Ltd., Merz North America, Inc.

Segmentation

The global Varicose Veins Treatment Market has been segmented into type, product and end user.

The market, on the basis of type, has been segmented into endovenous ablation, sclerotherapy, surgical ligation, lase ablations and stripping. Sclerotherapy is expected to hold the largest market share of the global Varicose Veins Treatment Market Size by type, owing to its simple follow up treatments, no need of anesthesia, no scarring and favorable reimbursement policies. Endovenous ablation is expected to be the fastest growing segment owing to its high preference over the conventional procedures like stripping and surgical ligation.

The global market, on the basis of product, has been segmented into ablation devices, venous closure products and surgical products.

The global Varicose Veins Treatment Market, by end user, has been segmented into hospitals, specialized clinics, ambulatory surgical centers and others.

Regional Analysis:

North America dominates the global Varicose Veins Treatment Market Size. The largest market attributes to the rising patient population, high healthcare expenditure, and growing awareness about the condition. Also, a notable increase in research & development activities in healthcare pushes the growth of the market.

Moreover, increased uptake of advanced technologies and the rising demands for varicose veins treatment substantiate the market growth. The US, backed by the high healthcare expenditure, accounts for the major contributor in the regional market.  The North American varicose veins market is expected to create a larger revenue pocket during the assessment period.

Europe stands second in the global Varicose Veins Treatment Market Size.  Market growth attributes to the well-developed healthcare infrastructure and rising demand for non-invasive treatment options in the region. Recent developments in the technology and augmenting uptake of advanced technologies in the treatment of the condition push the market growth ahead.

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