12-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Varicose Vein Treatment Market By Product (Ablation Devices, Radiofrequency Ablation Devices, Laser Ablation Devices, and Venous Closure Products) and by Procedure (Injection Sclerotherapy, Endovenous Ablation, and Surgical Ligation/Stripping)and Regions: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global varicose vein treatment market in 2019 was approximately USD 1242.1 Million. The market is expected to grow at a CAGR of 5.5%and is anticipated to reach around USD 1796.4 Million by 2026.
Varicose veins are voluminous, puffy veins that frequently appear on the legs and feet. These develop when the valves in the veins do not function properly, because blood does not circulate efficiently. For health reasons, the veins rarely need treatment, but treatment is available if swelling, aching, and painful legs result, and if there is considerable discomfort.
Browse the full “Varicose Vein Treatment Market By Product (Ablation Devices, Radiofrequency Ablation Devices, Laser Ablation Devices, and Venous Closure Products) and by Procedure (Injection Sclerotherapy, Endovenous Ablation, and Surgical Ligation/Stripping)and Regions: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/varicose-vein-treatment-market-by-product-ablation-devices-700
Increasing the aging population across the globe, coupled with the growing adoption of advanced varicose vein treatment devices are major factors propelling the growth of the target market. In addition to this, growing preference for minimally invasive treatment procedures in the developed as well as developing economies across the globe is another factor to propel growth of the global market in the near future. Moreover, technological advancements in the healthcare field are another factor anticipated to boost growth of the global market in the near future. However, risk factors related to the treatment devices is the major factor expected to hinder growth of the global market. The high procedural cost associated with them is another factor that affects the target market growth in the near future.
The global varicose vein treatment market has been segmented on the basis of product, and procedure. Based upon product segment the global market can be bifurcated as 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.
Based upon the region the global varicose vein treatment market has been classified as North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. North America is anticipated to dominate in the global varicose vein treatment market in terms of revenue as compared to that of markets in other regions during the forecast period 2019-2026. This is attributed to the large conscious population base in the countries of North America; especially in the U.S. Increasing government funding in the healthcare field for R&D activities has also propelled more market growth in those areas.
Technological advancements, along with an increasing preference for minimally invasive treatment procedures in the countries of the North America region are responsible for the growth of the target market. Also, the market in the Asia Pacific is expected to grow at a considerable CAGR, owing to the growing aging population in the countries of the region. Latin America varicose vein treatment market is expected to grow at a moderate pace in the coming years.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 1242.1 Million |
Projected Market Size in 2026 |
USD 1796.4 Million |
CAGR Growth Rate |
5.5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Medtronic plc, Syneron Medical Ltd., AngioDynamics, Inc, Energist Group, Biolitec AG, Eufotonsrl, Quanta Systems S.p.A., Lumenis Ltd., and Teleflex, Inc., and Others |
Key Segment |
By Procedure, Product, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
Medtronic plc, Syneron Medical Ltd., AngioDynamics, Inc, Energist Group, Biolitec AG, Eufotonsrl, Quanta Systems S.p.A., Lumenis Ltd., and Teleflex, Inc. amongst others. Companies in the global varicose vein treatment market are focusing on organic and in-organic business strategies such as partnerships, launches of advanced products to achieve revenue contribution in the global market.
This report segments the varicose vein treatment market as follows:
By Procedure Segment Analysis
- Injection Sclerotherapy
- Endovenous Ablation
- Surgical Ligation/Stripping
By Product Segment Analysis
- Ablation Devices
- Radiofrequency Ablation Devices
- Laser Ablation Devices
- Venous Closure Products
By Regional Segmentation Analysis
- North America
- 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
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