Varicose vein disorder is a commonly appeared issue among people above the age of 40.
Varicose vein disorder is a commonly appeared issue among people above the age of 40. With the speedy technological advancements in the medical industry, various new technologies are available for varicose vein treatment. The availability of modern equipment for varicose vein treatment, and improved participation in a profession that promotes varicose vein treatments, are major driving factors of the varicose vein treatment industry. As per the Allied Market Research, the global varicose vein treatment market is anticipated to grow with a significant CAGR from 2018 to 2025.
Several medical, technology, and other related companies are adopting strategic partnerships to enter the Varicose Vein Treatment Market. In the last month of 2021, a leading medical technology giant, BD, has announced an acquisition of Venclose, Inc., a company that offers solutions for the treatment of chronic venous insufficiency (CVI). The med-tech giant is expanding its venous therapy range to include treatments for varicose veins aided by this partnership.
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RF ablation is the most common treatment for CVI and is a proven treatment for CVI. RF ablation catheters have the potential to lessen post-operative discomfort and bruises in patients as compared to the laser treatment therapy for CVI. With this acquisition of Venclose, BD will be able to provide a more comprehensive portfolio of solutions to physicians who treat a large spectrum of venous disorders, including varicose veins.
Approximately 85% of women and 50% of men will have a vein disorder at some point in their lives. Unfortunately, this problem goes untreated and unaddressed far too often. Market players are adopting various approaches for business expansion and growth. Vein Specialist Centers, the first of its kind multi-specialty approach for spider and varicose vein disease treatment, have opened multiple sites in New York and New Jersey. These centers devised a unique vein therapy strategy by bringing together board-certified doctors in vascular surgery and cardiovascular specialty. The centers offer treatment for both minor and major vein problems and provide medical and cosmetic requirements from the vein clinic.
A couple of firms are expanding their services across various countries. Last year, GPVA announced the opening sites at two additional locations in the Pittsburgh area to assist patients with vascular and cardiac treatments. GPVA is a community-based practice that uses a holistic, patient-centered approach to combine the most recent advancements in both cardiac and vascular care. The rapid expansion of treatment care centers and clinics will assist in serving a large number of patients with varicose veins issues and also offers numerous growth opportunities in the coming years.
Top Leading Players:
- Angiodynamics Inc
- Alma Lasers
- biolitec AG Untere Viaduktgasse
- BTG International Ltd
- Energist Ltd
- Lumenis
- Medtronic
- Sciton Inc
- Syneron Medical Ltd
- WON TECH Co., Ltd