According to the latest report by IMARC Group, the global varicose vein treatment market size reached US$ 388.74 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 551.75 Million by 2027, exhibiting a CAGR of 5.70% during 2022-2027.
Varicose vein treatment aids in treating twisted and enlarged veins that are close to the surface of the skin. It encompasses self-care measures, compression stockings, and surgeries such as catheter-based radiofrequency, laser treatment, sclerotherapy, high litigation vein stripping, and ambulatory phlebectomy. It also assists reducing aches or heavy feelings in the legs, worsened pain after sitting or standing for a long time, itching around one or more veins, changes in skin color around varicose veins, and burning, throbbing, muscle cramping, and swelling in the lower legs. Consequently, varicose vein treatment is widely available in hospitals, clinics, and ambulatory centers across the globe.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Varicose Vein Treatment Market Trends and Drivers:
The primary factors driving the market are the pervasiveness of varicose vein complications among individuals and the growing geriatric population. Along with this, the advancement of varicose devices and the expanding healthcare industry are catalyzing the market growth.
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Moreover, the upsurge in the acceptance and minimally invasive treatment procedures due to less postoperative pain, lesser operative and significant postoperative complications, reduced hospital stay, and speedy recovery are also propelling the market growth. Besides this, several leading players are extensively investing in research and development (R&D) activities to develop advanced equipment, such as varithena and Vena Seal closure systems.
Apart from this, a better understanding of the treatment among individuals, increasing obesity due to the change in lifestyle and lack of exercise, prolonged standing hours at work, technological advancements and excessive smoking are some of the other growth-inducing factors.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Varicose Vein Treatment Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Alma Lasers Ltd. (Sisram Medical Ltd.), Angiodynamics Inc., Biolitec AG (BioMed Technology Holdings Ltd.), Boston Scientific Corporation, Eufoton S.R.L., Fotona, Medtronic plc, Sciton Inc., Teleflex Incorporated, The Vein Company, VVT Medical Ltd. and WON TECH Co. Ltd.
The report has segmented the market on the basis of region, product, procedure and end user.
Breakup by Product:
- Ablation Devices
- Radiofrequency Ablation Devices
- Laser Ablation Devices
- Sclerotherapy Injection
Breakup by Procedure:
- Injection Sclerotherapy
- Endovenous Ablation
- Surgical Ligation and Stripping
Breakup by End User:
- Ambulatory Centers
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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