Varicose Vein Treatment Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[176+ Pages Report] According to the report published by Facts Factors, the global varicose vein treatment market size was worth around USD 1242.1 million in 2019 and is predicted to grow to around USD 1796.4 million by 2026 with a compound annual growth rate (CAGR) of roughly 5.5% between 2020 and 2026. The report analyzes the global varicose vein treatment market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the varicose vein treatment market.

The varicose vein treatment market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire varicose vein treatment market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Million) from FY 2016 – 2026.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the varicose vein treatment industry. The report analyzes and declares the historical and current trends analysis of the varicose vein treatment industry and subsequently recommends the projected trends anticipated to be observed in the varicose vein treatment market during the upcoming years.

Key Insights from Primary Research

• As per our primary respondents, the global varicose vein treatment market is set to grow annually at a rate of around 5.5%
• It was established through primary research that the global varicose vein treatment market was valued at around 1242.1 USD billion in 2019
• The “Endovenous Ablation” category, on the basis of procedure segmentation, is expected to dominate in terms of revenue, over the forecast period
• Based on the region, North America is expected to account for the revenue share in 2019 in the target market

Key Recommendations from Analysts

• As per our analysts, global varicose vein treatment is growing at a high CAGR and various end-use industries are aware of this potential market and applications of varicose vein treatment
• Growing at a CAGR of around 5.5%, the global varicose vein treatment market provides numerous opportunities for all of the involved stakeholders across the entire value chain
• Our analysts have identified endogenous Ablation as are dominating segment for the global varicose vein treatment market in terms of procedure segmentation

Market Share – By Procedure

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the varicose vein treatment industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the varicose vein treatment industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the varicose vein treatment market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders in the varicose vein treatment involved in the entire value chain of the varicose vein treatment industry. The market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the varicose vein treatment sector. Key strategic developments in the varicose vein treatment market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the varicose vein treatment market are appropriately highlighted in the report.

The varicose vein treatment market research report delivers an acute valuation and taxonomy of the varicose vein treatment industry by practically splitting the market on the basis of different products, procedures, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the varicose vein treatment industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the varicose vein treatment industry is provided for the leading economies of the world.

Growth in the aging population, as well as advancements in varicose vein treatment devices, are key factors driving the growth of the target market. Growing preference for minimally invasive treatment procedures across the globe is another factor to propel the growth of the global market over the forecast period. However, high procedural cost related to devices is a factor expected to hinder target market growth in the near future.

The global varicose vein treatment market has been segmented on the basis of product and procedure. Based on product segment the global market can be bifurcated into Radiofrequency Ablation Devices, Venous Closure Products, and Laser Ablation Devices. The procedure segment is classified as Endovenous Ablation, Injection Sclerotherapy, and Surgical Ligation/Stripping. The endovenous ablation procedure segment is expected to account for the largest market share in terms of revenue over the forecast period.

Key players in the target market are

•  Medtronic plc
•  Syneron Medical Ltd.
•  Angio Dynamics Inc
•  Energist Group
•  Biolitec AG
•  Eufotonsrl
•  Quanta Systems S.p.A.
•  Lumenis Ltd.
• Teleflex Inc. 

The taxonomy of the varicose vein treatment industry by its scope and segmentation is as follows:

Procedure Segment Analysis

• Injection Sclerotherapy
• Endovenous Ablation
• Surgical Ligation/Stripping

Product Segment Analysis

• Ablation Devices
• Radiofrequency Ablation Devices
• Laser Ablation Devices
• Venous Closure Products

Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa