Overview of the Global Varicose Vein Treatment Market
Infoholic’s market research report predicts that the “global varicose vein treatment market” will grow at a CAGR of ~6.0% during the forecast period 2019–2025. The treatment methods for varicose veins have transformed over the time due to recent alertness of cosmetic contemplations & the way they can disturb the superiority of life along with the advancements of innovative treatments & ambulatory care services. Varicose veins worry over 40 million individuals in the US, with about 50% of varicose vein patients having a family history.
Increasing prevalence of varicose veins and growing geriatric population are among the major factors driving the growth of the market. However, the high cost of treatment procedure and lack of skilled professionals are hampering the growth of the market.
The majority of the revenue is generated from the leading players in the market with dominant sales from Syneron, AngioDynamics, biolitec AG, Energist Group, Medtronic Plc, and Sciton Inc.
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According to the analysis, North America accounted for the largest share of the global varicose vein treatment market in 2018. The Asia Pacific region is expected to witness the fastest growth rate due to large patient pool, increase in the number of surgeries, and rising healthcare expenditure.
- Endovenous Ablation
- Surgical Ligation & Stripping
Sclerotherapy held the largest share in the global varicose vein treatment market in 2018. The market is likely to shift toward the non-invasive treatment technique during the forecast period 2019–2025.
- Ambulatory Surgical Centers
- Physician’s Office
The hospitals segment holds a significant share among other end-users in the market and is also the fastest-growing segment during the forecast period 2019–2025.
- North America
- Asia Pacific
- Rest of the World
North America dominated the global varicose vein treatment market in 2018. The significant share of the North American region comes from the US, owing to the accessibility to good quality healthcare and excellent reimbursement facilities.
Varicose Vein Treatment Market Research Competitive Analysis – Surgical procedures for varicose veins are likely to experience significant changes in the foreseeable future; non-invasive alternatives have mainly overtaken surgery. In the recent past, the preference for non-invasive surgery has accelerated due to the possibility of infections involved with invasive surgery. High-intensity focused ultrasound is one of the latest treatment options for varicose veins and venous reflux disease. This innovative technology has been used for non-invasive tissue ablation in other therapeutic instances, and hence, there is a strong possibility of it being effective in veins.
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- biolitec AG
- Energist Group
- Medtronic Plc
- Sciton Inc.
Key Competitive Facts
- The market is shifting toward less invasive procedures for the treatment of varicose veins.
- The varicose vein treatment cost is high and the reimbursement scenario is very inconsistent.
Benefits – The report provides complete details about the sub-segments of the varicose vein treatment market. Through this report, the key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and government initiatives toward the disease management in the upcoming years along with details of the existing pure-play companies and new players entering the market. Moreover, the report provides details about the major challenges that are going to impact the market growth. Additionally, the report gives complete details about the key business opportunities to key stakeholders in order to expand their business and capture the revenue in specific verticals, and to analyze before investing or expanding the business in this market.
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