The Endovenous Laser Therapy Market accounted to USD 200.5 million in 2016 growing at a CAGR of 7.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Endovenous laser therapy Market By Product Type (Endovenous Laser Systems (Diode Lasers, YAG Lasers), Endovenous laser Fibres (Bare Tip Laser Fibre, Radial Tip Laser Fibre, Gold Tip Laser Fibre), By End User (Hospital, Clinc, Ambulatory Center), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Endovenous laser therapy is the treatment of eliminating varicose veins using laser energy. The therapy is safe and effective in medical procedures such as eye surgery, dermatology.
Major Market Drivers and Restraints:
- Rising number of patients with varicose veins
- Increasing ageing population
- Technological advancement to adopt the new technology
- Increased adoption of adoption of endovenous laser systems
- High initial costs
- Lack of knowledge and skilled professionals
By technology the market for Endovenous laser therapy is segmented into endovenous laser systems, endovenous laser fibres. Endovenous laser systems segment is sub-segmented into diode lasers, YAG lasers and Endovenous laser Fibres segment is further segments into bare tip laser fibre, radial tip laser fibre, and gold tip laser fibre.
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On the basis of end-users the Endovenous laser therapy market is segmented into hospital, clinic and ambulatory center.
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Based on geography, the market is segmented into five geographical regions:
- North America
- South America
- Middle East and Africa(MEA)
The Global Endovenous laser therapy Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Some of the major players operating in Endovenous laser therapy market are
- AngioDynamics, Inc
- Syneron Medical Ltd
- Dornier Medtech GmbH
- Alma Lasers Ltd
- Alna-Medicalsystem GmbH
- LSO Medical, Wontech Co Ltd
- intros Medical Laser GmbH
- Energist Ltd
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.
Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or drop down your inquiry.
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