Market Overview:
The global endovenous laser treatment market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of varicose veins, technological advancements in endovenous laser treatment devices, and rising demand for minimally invasive procedures. Based on type, the global endovenous laser treatment market is segmented into endovenous laser systems and endovenous laser fibres. The endovenous laser systems segment is expected to account for the majority share of the global market in 2018. This can be attributed to the increasing demand for minimally invasive procedures and technological advancements in this segment. Based on application, the global market is divided into hospitals, ambulatory surgical centres (ASCs), and specialised clinics.
Product Definition:
Endovenous Laser Treatment is a medical procedure used to treat varicose veins. A laser is inserted into the vein, and the energy from the laser destroys the vein. This treatment is less invasive than traditional surgery, and it has a shorter recovery time.
Endovenous Laser Systems:
Endovenous laser systems are minimally invasive and non-invasive treatment procedures for the reduction of varicose veins. These procedures are gaining popularity due to their several advantages such as reduced pain, scarless recovery, no need for hospital stay and quick results. Endovenous laser treatments can be performed by a skilled operator in an office setting or in clinics & hospitals.
Endovenous laser Fibres:
Endovenous laser fibres are used in endovenous laser treatment to treat a variety of medical conditions. It is also known as the minimally invasive procedure and has less recovery time than open surgery. The advantage of this technique is that it can be performed on an outpatient basis without an operation theatre, which reduces the risk of infection and other complications associated with it.
Application Insights:
Based on application, the global endovenous laser treatment market is segmented into hospitals, ambulatory surgical centers and specialty clinics. Hospitals dominated the overall market in terms of revenue share in 2017 owing to increasing prevalence of chronic diseases such as diabetes and obesity which often require long-term management. Furthermore, rising healthcare costs coupled with a growing aging population are expected to drive demand for minimally invasive surgeries over the forecast period.
Ambulatory surgical centers (ASCs) accounted for a significant share of 30.1% in 2017 due to an increase in patients seeking treatment at ASCs due to their convenience or availability compared to hospitals.
Regional Analysis:
North America dominated the global endovenous laser treatment market in 2017. This is due to the increasing prevalence of chronic diseases, rising preference for minimally invasive surgeries, and availability of advanced technologies in this region. Moreover, high adoption rate of technologically advanced products is also expected to drive the demand for endovenous laser treatment during the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions owing to a large population base and growing medical tourism industry in this region.
The key players operating in this space are: Cohesive Vascular Systems Ltd.; Cordis Corp; EndoLite Inc.; BCT Healthcare; Medtronic plc.
Growth Factors:
- Increasing prevalence of varicose veins: The increasing prevalence of varicose veins is one of the key growth drivers for the Endovenous Laser Treatment market. Varicose veins are a common medical condition that affects millions of people across the globe. According to a study by Venous Insufficiency News & Research, it is estimated that around 25%–30% of adults in the U.S. suffer from venous diseases, including varicose veins2. This number is expected to increase in the coming years due to factors such as rising obesity rates and increasing life expectancy3
- Growing awareness about Endovenous Laser Treatment: The growing awareness about Endovenous Laser Treatment among patients and healthcare professionals is another key growth driver for this market4. This can be attributed to various factors such as increasing incidence of venous diseases, technological advancements in ELT devices, and growing focus on minimally invasive procedures5
- Rising demand for minimally invasive procedures: There has been a rising demand for minimally invasive procedures across the globe in recent years6due to their many advantages over traditional surgical procedures7such as shorter hospital stays, reduced pain and scarring, and faster recovery times8 .This trend is likely to benefit the ELT market as well owing to its minimal invasiveness9
Scope Of The Report
Report Attributes
Report Details
Report Title
Endovenous Laser Treatment Market Research Report
By Type
Endovenous Laser Systems, Endovenous laser Fibres
By Application
Hospitals, Ambulatory Surgical Centres, Specialised Clinics
By Companies
AngioDynamics, Syneron Medical, Dornier Medtech, Alma Lasers, Alna-Medicalsystem, LSO Medical, WONTECH, intros Medical Laser, Energist
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Endovenous Laser Treatment Market Report Segments:
The global Endovenous Laser Treatment market is segmented on the basis of:
Types
Endovenous Laser Systems, Endovenous laser Fibres
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Surgical Centres, Specialised Clinics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AngioDynamics
- Syneron Medical
- Dornier Medtech
- Alma Lasers
- Alna-Medicalsystem
- LSO Medical
- WONTECH
- intros Medical Laser
- Energist
Highlights of The Endovenous Laser Treatment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Endovenous Laser Systems
- Endovenous laser Fibres
- By Application:
- Hospitals
- Ambulatory Surgical Centres
- Specialised Clinics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Endovenous Laser Treatment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Endovenous laser treatment is a minimally invasive procedure that uses lasers to destroy tumors or abnormal tissue. The laser energy is delivered directly to the tumor through a small vein in the arm or leg.
Some of the key players operating in the endovenous laser treatment market are AngioDynamics, Syneron Medical, Dornier Medtech, Alma Lasers, Alna-Medicalsystem, LSO Medical, WONTECH, intros Medical Laser, Energist.
The endovenous laser treatment market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Endovenous Laser Treatment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Endovenous Laser Treatment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Endovenous Laser Treatment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Endovenous Laser Treatment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Endovenous Laser Treatment Market Size & Forecast, 2020-2028
4.5.1 Endovenous Laser Treatment Market Size and Y-o-Y Growth
4.5.2 Endovenous Laser Treatment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Endovenous Laser Systems
5.2.2 Endovenous laser Fibres
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Centres
6.2.3 Specialised Clinics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Endovenous Laser Treatment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Endovenous Laser Treatment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Endovenous Laser Systems
9.6.2 Endovenous laser Fibres
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Centres
9.10.3 Specialised Clinics
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Endovenous Laser Systems
10.6.2 Endovenous laser Fibres
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Centres
10.10.3 Specialised Clinics
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Endovenous Laser Systems
11.6.2 Endovenous laser Fibres
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Centres
11.10.3 Specialised Clinics
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Endovenous Laser Systems
12.6.2 Endovenous laser Fibres
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Centres
12.10.3 Specialised Clinics
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Endovenous Laser Systems
13.6.2 Endovenous laser Fibres
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Centres
13.10.3 Specialised Clinics
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Endovenous Laser Treatment Market: Competitive Dashboard
14.2 Global Endovenous Laser Treatment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AngioDynamics
14.3.2 Syneron Medical
14.3.3 Dornier Medtech
14.3.4 Alma Lasers
14.3.5 Alna-Medicalsystem
14.3.6 LSO Medical
14.3.7 WONTECH
14.3.8 intros Medical Laser
14.3.9 Energist
