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  • Varicose Vein Treatment Market Analysis | 2022-2028

    Varicose Vein Treatment Market Analysis | 2022-2028

    Varicose Vein Treatment Market Analysis | 2022-2028
    Report code - SR1679 Delivery - 2 Weeks
    Varicose Vein Treatment Market Size, Share, Trend, Forecast, Competitive Analysis, and Gro See more...

    “The Varicose Vein Treatment Market is projected to grow from USD 276.89 million in 2021 to USD 451.9 million by 2028 at a CAGR of over 7.12% during the forecast period”.

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    Market Dynamics

    Introduction

    Varicose Veins are veins that have become twisted and enlarged. Owing to significant lifestyle changes and excessive workloads at the young age and mid-age groups, the cosmetic problem has become highly prevalent. Various factors causing varicose veins are pregnancy, hormonal changes, genetic disorders, obesity, high blood pressure levels, and sleep disorders.

    Market Drivers

    The surging demand for minimal invasion techniques as well as the increasing geriatric population is likely to augment the industry growth. Moreover, economically favourable treatment and excluded use of anaesthesia further boost the demand for varicose vein treatment. In addition, less time consumption with efficient results, strong R&D investments, and technological advancements are likely to offer lucrative opportunities to the market players in the coming years.

    COVID-19 Impact

    The COVID-19 pandemic has moderately affected the Varicose Vein Treatment industry. The rapid spread of COVID-19 has led to several thousands of hospital admissions. The focus of healthcare professionals has been shifted toward the treatment of COVID-19-infected patients, which affected the treatment of non-emergency medical conditions such as varicose vein treatment.

    Segments Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Product-Type Analysis

    Laser & RF Ablation, Venous Closure, and Surgical

    The laser & RF ablation segment held the largest market share in 2021

    Treatment-Type Analysis

    Endovenous Ablation, Injection Sclerotherapy, and Surgical Ligation/Stripping

    The injection sclerotherapy currently dominates the market during the forecast period.

    Regional Analysis

    North America, Europe, Asia-Pacific, and Rest of the World

    North America had a significant market share in 2021 and is set to grow at a healthy CAGR in the coming years.

     

    By Product Type ‘

    “Laser and RF ablation led in 2021 and will grow with a strong CAGR”.

    The market has been classified into laser & RF ablation, venous closure, and surgical. Under these, the laser & RF ablation segment held the largest market share in 2021 and is likely to grow at a considered CAGR during the forecast period. Laser ablation treatment does not include lengthy hospital stays or discomfort during the recovery process which offers considerable benefits to the patients who are treated for varicose veins, thus bolstering the segment growth.

    By Treatment Type

    “Injection sclerotherapy holds the dominant market position”.

    The market is segmented into Endovenous Ablation, Injection Sclerotherapy, and Surgical Ligation/Stripping. Injection sclerotherapy currently dominates the market. The treatment is a painless procedure and patients can go home on the same day of the surgery, which is a major factor driving the growth of the segment.

    Regional Analysis

    “North America had a significant market share in 2021 and is set to grow at a healthy CAGR in the coming years”.

    The market is broken down geographically into areas, namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW).  The North American market held a significant market share in 2021 and is projected to grow at a healthy CAGR in the coming years. Rising healthcare expenditure, a favorable reimbursement scenario, as well as a growing number of product approvals are likely to boost the market growth in the region. Also, well-established healthcare systems allow the easy availability of products, thereby augmenting the regional market growth.

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    Key Players

    The following are the key players in the Varicose Vein Treatment Market (arranged alphabetically)

    • Alma Lasers Ltd (Israel)
    • AngioDynamics Inc. (US)
    • Biolitec AG (BioMed Technology Holdings Ltd) (Germany)
    • Boston Scientific (Lumenis Corporation) (US)
    • Candela Medical (Syneron Medical Ltd) (US)
    • El. En SpA Group (Quanta System) (Italy)
    • Eufoton SRL (Italy)
    • Medtronic PLC (Ireland)
    • Sciton Inc. (US)
    • Teleflex Incorporated (US)

    Note: The above list does not necessarily include all the top players in the market.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    in-depth Analysis of the Varicose Vein Treatment Market 

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research:

    Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The varicose vein treatment market is estimated to grow at a healthy CAGR of 7.12% over the next five years.

    The varicose vein treatment market is likely to reach USD 451.9 million in 2028.

    Surging demand for minimal invasion techniques as well as the increasing geriatric population, economically favourable treatment and excluded use of anaesthesia are some of the factors driving the growth of the market.

    North America will likely maintain its supremacy in the market throughout the forecast period.

    The laser & RF ablation segment held the largest share of the market in 2021.

    Candela Medical (Syneron Medical Ltd) (US), Medtronic PLC (Ireland), Boston Scientific (Lumenis Corporation) (US), El. En SpA Group (Quanta System) (Italy), Teleflex Incorporated (US), Eufoton SRL (Italy), Biolitec AG (BioMed Technology Holdings Ltd) (Germany), AngioDynamics Inc. (US), Alma Lasers Ltd (Israel), Sciton Inc. (US) are among the key players in the market.

    The market is studied from 2016-2028.