Varicose Vein Treatment Market By Treatment ( Endovenous Ablation, Sclerotherapy And Surgical Litigations/stripping), By Product ( Ablation Devices, Venous Closure Products And Surgical Products) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)
The Global Varicose Vein Treatment Market was worth USD 290.59 million in 2016 and estimated to be growing at a CAGR of 6.4%, to reach USD 396.28 million by 2021. The varicose vein treatment market is mainly driven by the rising cases of varicose veins.
This condition of enlarged veins appears mostly in feet and legs. It can be caused by pregnancy, hormonal changes, genetic disorders and high blood pressure.
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The major drivers for the varicose vein treatment market include availability of advanced varicose vein treatment devices, huge burden of varicose vein cases, improving patient compliance & reliability, growing healthcare expenditure, and rapid growth in aging population. However, dearth of trained vascular surgeons and high cost of varicose vein treatment procedures can hinder the growth of this market.
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This report broadly segments the varicose vein treatment market into mode of treatment and products. On the basis of mode of treatment, the varicose vein treatment market is segmented into endovenous ablation, injection sclerotherapy, and surgical ligation/stripping.
The endovenous ablation segment is expected to command the major share of the varicose vein treatment market, by mode of treatment. Based on type of products, the varicose vein treatment market is segmented into ablation devices, venous closure products, and surgical products.
The radiofrequency ablation devices segment is expected to command the major share of the ablation devices market for varicose vein treatment. On the basis of geography, the market is analysed under various regions- North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
North America is dominating the global market followed by Europe. The Asia Pacific varicose vein treatment market is anticipated to witness impressive growth in the near future.
The major players in the varicose vein treatment market are Medtronic plc (Ireland); AngioDynamics, Inc. (U.S.); biolitec AG (Austria); Syneron Medical Ltd. (Israel); Lumenis Ltd. (Israel); Dornier MedTech GmbH (Germany); Energist Group (U.K.); Eufoton s.r.l. (Italy); Vascular Solutions, Inc. (U.S.); Quanta System S.p.A. (Italy); Sciton, Inc. (U.S.); Fotona d.o.o. (Slovenia); BTG plc (U.K.); and Merz Aesthetics (U.S.)
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