11th December 2019 – Global Varicose
Vein Treatment Market is anticipated to reach USD 475 million by 2024.
Varicose veins literally known as “Veins on the leg”. They fall in the category
of “varicose veins” if they get twisted. The factors that propel the growth of
the Varicose Vein Treatment industry include reduced risk of collateral damage
to adjacent tissues, painless technique, improved saturation, fewer
post-operative complications, no requirement of anesthesia, less scarring, and
minimal need for incisions during the procedure. On the other hand, there are
factors that may hamper the growth of the market including shortage of trained
vascular physicians and high price of varicose vein treatment methods.
Varicose Vein Treatment industry is
anticipated to grow at a significant CAGR in the upcoming period as the scope,
product types, and its applications are increasing across the globe. The market
may be explored by treatment mode, product type, and geography. The industry
may be explored by treatment mode as Surgical Ligation/Stripping, Endovenous
Ablation, and Injection Sclerotherapy. The “Endovenous Ablation” sector led the
Varicose Vein Treatment Market in 2016 and is anticipated to maintain its
dominance by 2024.
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The Varicose Vein Treatment industry
could be explored based on product type as Venous Closure Products, Ablation
Devices, Laser Ablation Devices, and Radiofrequency Ablation Devices. The
“Radiofrequency Ablation Devices” sector led the Varicose Vein Treatment Market
in 2016 and is anticipated to maintain its dominance by 2024.
North America accounted for the major
share of the Varicose Vein Treatment Market Size in 2015 and will continue to
lead in the forthcoming period. The factors that could be attributed to the
growth include fast development in this market; which could be attributed to a
number of aspects counting progressive health care infrastructure, high
disposable income, increasing administration expenditure, continuous
lifestyle-associated changes, rising health care consciousness, increasing
occurrence of varicose veins, and rising consequence of esthetics.
Some of the key players that fuel the
development of the Varicose Vein Treatment industry comprise AngioDynamics,
Inc., Medtronic plc, Biolitec AG, Lumenis Ltd., Syneron Medical Ltd., Dornier
MedTech GmbH, Energist Group, Quanta Systems S.p.A., Vascular Solutions, Inc.,
and Eufoton S.R.L. The leading companies are taking up partnerships, mergers
and acquisitions, and joint ventures in order to boost the inorganic growth of
the industry.
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