Varicose Veins Treatment Devices Market Outlook, Geographical Segmentation, Industry Size & Share, Comprehensive Analysis to 2025
Varicose Veins Treatment Devices Market Insight
According to The Insight Partners market research study titled ‘Varicose Veins Treatment Devices market to 2025 – Global Analysis and Forecasts by Product, Treatment, and End User. The global varicose veins treatment devices market is expected to reach US$ 1,032.4 Mn in 2025 from US$ 512.6 Mn in 2017. The market is estimated to grow with a robust CAGR of 9.6% from 2018-2025. The report highlights the trends prevalent in the global varicose veins treatment devices market and the factors driving the market along with those that act as deterrents to its growth.
Varicose veins are large, swollen veins that usually appear on the legs and feet. This condition occurs when the valves in the vein do not function properly, hence affecting the normal flow of blood. In severe cases, the veins may rupture or transform into ulcers on the skin. Some of the treatments for varicose veins include surgery, sclerotherapy, ligation and stripping, and radiofrequency ablation among others. In recent years, various treatments have been developed for varicose veins that are minimally invasive and cause less complications post-surgery. The growth of the global varicose veins treatment devices market is attributed to the increasing incidence of chronic venous diseases (CVDs), increase in the adoption of endovenous laser ablation and technological developments in varicose veins treatments. However, lack of skilled professionals and disadvantages of the endovenous laser ablation techniques are the major factor hindering the market growth.
Get sample Research on Varicose Veins Treatment Devices Market study at: https://www.theinsightpartners.com/sample/TIPHE100001235/
Varicose Veins Treatment Devices Market Comparative Landscape and Key Development
The major players operating in the varicose veins treatment devices market include Alma Lasers, AngioDynamics, VVT Med, F care systems, Asclepion Laser Technologies GmbH, Syneron Medical Ltd., Energist Ltd., Medtronic, biolitec AG and Miravas among others.
The market players are indulged into bringing new products to the market to keep to the pace of the competitive market nature. For instance, in November 2015, Medtronic introduced the VenaSeal closure system in the US that incorporates a novel technology for patient relief with varicose veins. Moreover, in January 2017, BTG International Canada Inc. conducted the Canadian commercial launch of Varithena, a drug-device combination product that was intended for the treatment of varicose veins. The drug-device was intended for use in adults with clinically significant venous reflux as diagnosed by duplex ultrasound.
Driving factors such as increasing incidence of chronic venous diseases (CVDs), increase in the adoption of endovenous laser ablation and technological developments in varicose veins treatments are expected to promote the growth of the global market. In addition, spreading appropriate awareness regarding the importance and treatment available for varicose veins is likely to have a positive impact on the growth of the varicose veins treatment devices market in the coming years. However, lack of skilled professionals and disadvantages of the ablation techniques are likely to negatively affect the market growth creating challenges for market players in the future years to some extent.
Increase in the Adoption of Endovenous Laser Ablation to Drive Global Varicose Veins Treatment Devices Market Growth
Varicose veins are a common clinical problem in vascular surgery that happens when faulty valves in the veins allow blood to flow in the wrong direction or to pool. According to the University of Illinois-Chicago, School of Medicine, more than 23% of adults in the US are thought to be affected by the disease. In most cases, when lifestyle changes are not enough to cure the symptoms of the disease and if varicose veins are large, they may need to be removed surgically. In most cases, the varicose veins surgeries can be performed in outpatient departments wherein the patient is discharged few hours post the surgery. Laser treatments are often used to close of smaller veins, wherein strong light bursts are applied on the veins that gradually fades the swollen veins and subsequently disappears them. The endovenous thermal ablation by radiofrequency was approved by FDA in 1999, whereas the laser ablation therapy was approved shortly later in 2002. Since the advancements in these procedures have made the surgeons believe the immense potential benefits associated with these technique for the treatment of various diseases including varicose veins.
Product -Based Insights
Global varicose veins treatment devices market, based on the product was segmented into ablation devices and surgical instruments. In 2017, The ablation devices is the largest segment among the product segment in the varicose veins treatment devices market in 2017 and is also anticipated to hold the largest market in the year 2025. The ablation devices segment is also fastest growing segment and is accounted to grow at the CAGR of 10.1% over the forecast years owing to the ability of the ablation technique to remove stubborn veins and being one of the safest and easy to perform option for the treatment of varicose veins. Moreover, the technique also helps to reduce the surgical time, results in lesser pain, reduced hospital stay and lesser chances of post-surgical complications.
Buy Complete Report of varicose veins treatment devices Market Study at: https://www.theinsightpartners.com/buy/TIPHE100001235/
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
We are committed to provide highest quality research and consulting services to our customers. We help our clients understand the key market trends, identify opportunities, and make informed decisions with our market research offerings at an affordable cost.
Contact Person: Sameer Joshi