Global Varicose Vein Treatment Market By Treatment Mode (Endovenous Ablation, Injection Sclerotherapy, Surgical Ligation/Stripping), Product (Ablation Devices, Venous Closure Products, Surgical Products), End User (Hospitals, Specialized Clinics, Ambulatory Surgical Centers, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026
Market Analysis: Global Varicose Vein Treatment Market
Global varicose vein treatment market is registering a substantial CAGR of 7.03% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. The rise in the market can be attributed to the surging incidences of varicose veins. The surge in the investments by the enterprises in the industry to develop innovative products is expected to contribute the growth of the market.
Market Definition: Global Varicose Vein Treatment Market
Varicose vein refers to the enlarged veins appearing mostly on the legs and feet which indicate a higher risk of circulatory problems. It is usually caused by various factors such as hormonal changes, genetic disorders, pregnancy, high blood pressure levels, obesity and sleep disorders. There are some latest technological treatment methods such as radiofrequency systems, laser ablation system and ultra sound guided systems. The market is expanding due to the increasing prevalence’s of the varicose vein disease globally.
- The surging geriatric population is driving the growth of the market
- The advanced varicose vein treatment devices are propelling the growth of the market
- The involvement in field that increases the generality of varicose vein treatment is boosting the growth of the market
- The technological advancements is contributing to the growth of the market
- The surging preference for minimally invasive treatment procedures is fueling the growth of the market
- The risk factors associated with the treatment devices are hindering the growth of the market
- The less experienced healthcare professionals are hampering the growth of the market
- The high procedural cost and inconsistent reimbursement structure is restricting the growth of the market
Segmentation: Global Varicose Vein Treatment Market
By Treatment Mode
- Endovenous Ablation
- Injection Sclerotherapy
- Surgical Ligation/Stripping
- Ablation Devices
- Radiofrequency Ablation Devices
- Laser Ablation Devices
- Venous Closure Products
- Surgical Products
By End User
- Specialized Clinics
- Ambulatory Surgical Centers
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In May 2019, PGI is the only and the first hub in the country to initiate FDA approved Endovenous superglue obliteration of varicose veins. It does not involve multiple injections. It is a non-thermal based procedure which only needs one needles and the treatment will be completed. Through this patient recovery is fast. This expanded the medical offerings of the PGI
- In March 2016, Medtronic has launched new product Barrx 360 Express radio frequency ablation. It helps in the treatment of Barrett’s esophagus and enabling treatment more easily and efficiently. It has self-adjusting circumferential RFA catheter. It enables the physicians to lower the procedural time by 20 percent. This product launched as to broaden the portfolio of the products of the company
Varicose vein treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares varicose vein treatment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major market competitors currently working in the global varicose vein treatment market are Medtronic, AngioDynamics, biolitec AG, CANDELA CORPORATION, Lumenis, Dornier MedTech, Energist Ltd., Eufoton s.r.l., Teleflex Incorporated, Quanta System, Sciton Inc., Fotona, BTG International Ltd., Merz Pharma, Alma Lasers, The Vein Company, Grocare, Chemical Factory Kreussler & Co. GmbH, LeMaitre Vascular's Inc. and VVT Med among others.
Research Methodology: Global Varicose Vein Treatment Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global varicose vein treatment market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)