Market Overview:
The global varicose vein treatment market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of varicose veins, technological advancements in the field of varicose vein treatment, and rising awareness about available treatments for varicose veins. The global market for radiofrequency ablation devices is expected to grow at a CAGR of 6.1% from 2018 to 2030. This growth can be attributed to the increasing demand for minimally invasive procedures and technological advancements in radiofrequency ablation devices. The laser ablation devices segment is projected to grow at a CAGR of 5.8% from 2018-2030 due its ability offer precise and controlled energy delivery which helps minimize damage done surrounding tissue structures . North America dominates the global market for varicose vein treatment with a share of more than 35%.
Product Definition:
Varicose vein treatment is a medical procedure that is used to treat varicose veins. Varicose veins are enlarged and twisted veins that can cause pain, swelling, and skin problems. Treatment may include sclerotherapy, laser therapy, or surgery. Sclerotherapy is the most common treatment for varicose veins. It involves injecting a solution into the vein to cause it to close off.
Radiofrequency Ablation Devices:
Radiofrequency ablation devices are used for the treatment of varicose veins. It is a minimally invasive procedure and hence has an advantage over conventional surgical procedures. The radiofrequency waves break down the tissues that make up the vein, causing it to collapse and stop bleeding. This collapsing causes painless damage to blood vessels which reduces or eliminates symptoms of varicose veins.
Laser Ablation Devices:
Laser ablation devices are used for the treatment of varicose veins. These are minimally invasive and non-invasive techniques that involves the use of laser light energy to treat varicose veins. The process is painless and hence many patients who undergo this treatment do not know that they have been treated until after the procedure is over.
Application Insights:
Based on application, the global market is segmented into endovenous ablation, surgical ligation/stripping, injection sclerotherapy and others. In 2017, endovenous ablation accounted for the largest share in terms of revenue as well as volume. Endovenous ablation is considered to be a better alternative compared to conventional venipuncture due to less pain and bleeding at the site. Moreover, it has been proven more effective than conventional methods in several clinical trials thus resulting in higher shareholding by this segment during recent years.
However, other applications such as surgical ligation/stripping are anticipated to witness lucrative CAGR over the forecast period owing to increasing number of patients suffering from varicose veins seeking treatment either alone or along with their doctors¢â‚¬â„¢ recommendations for endovenous ablation procedures.
Regional Analysis:
Europe dominated the global market in 2017 owing to a high prevalence of varicose veins and advanced healthcare infrastructure. In addition, increasing demand for cosmetic procedures is also expected to drive the regional market over the forecast period. Asia Pacific is expected to grow at a lucrative rate during the forecast period due to rising disposable income, growing medical tourism industry, and improving healthcare facilities in emerging countries such as India & China & Malaysia. Moreover, an increase in government initiatives for vein care treatment will boost growth further. For instance; Vein Care week was organized by NHS (National Health Service) which was aimed at raising awareness about varicose veins treatments on 5th-11th November 2018 across U.K.
Key players operating in this space include Medtronic plc.; Boston Scientific Corporation; B Braun Melsungen AG; Johnson & Johnson Services Inc.
Growth Factors:
- Increasing prevalence of varicose veins: The global prevalence of varicose veins is estimated to be around 23%. This number is expected to grow as the population ages.
- Advances in technology: Treatment options for varicose veins are constantly evolving, with new technologies and treatments becoming available all the time. This means that patients have more choices than ever before when it comes to treatment options.
- Growing awareness of the condition: More people are becoming aware of the symptoms and risks associated with varicose veins, which is driving demand for treatment services.
- Rising healthcare expenditure: Countries around the world are investing more money into healthcare, which is leading to increased spending on treatments forvaricose veins, including surgery and sclerotherapy injections .
Scope Of The Report
Report Attributes
Report Details
Report Title
Varicose Vein Treatment Market Research Report
By Type
Radiofrequency Ablation Devices, Laser Ablation Devices, Venous Closure Products, Surgical Products
By Application
Endovenous Ablation, Injection Sclerotherapy, Surgical Ligation/Stripping
By Companies
Angiodynamics, Medtronic, Syneron Medical, Lumenis, Quanta System, Teleflex, Energist, Eufoton, Biolitec
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
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Varicose Vein Treatment Market Report Segments:
The global Varicose Vein Treatment market is segmented on the basis of:
Types
Radiofrequency Ablation Devices, Laser Ablation Devices, Venous Closure Products, Surgical Products
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
Endovenous Ablation, Injection Sclerotherapy, Surgical Ligation/Stripping
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
- Medtronic
- Syneron Medical
- Lumenis
- Quanta System
- Teleflex
- Energist
- Eufoton
- Biolitec
Highlights of The Varicose Vein 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:
- Radiofrequency Ablation Devices
- Laser Ablation Devices
- Venous Closure Products
- Surgical Products
- By Application:
- Endovenous Ablation
- Injection Sclerotherapy
- Surgical Ligation/Stripping
- 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 Varicose Vein 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?
Varicose veins are enlarged veins that can occur in the legs. They may be painful and difficult to walk or stand in. Treatment for varicose veins includes surgery, medication, and lifestyle changes.
Some of the major players in the varicose vein treatment market are Angiodynamics, Medtronic, Syneron Medical, Lumenis, Quanta System, Teleflex, Energist, Eufoton, Biolitec.
The varicose vein treatment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Varicose Vein 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 Varicose Vein Treatment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Varicose Vein 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 Varicose Vein 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 Varicose Vein Treatment Market Size & Forecast, 2020-2028
4.5.1 Varicose Vein Treatment Market Size and Y-o-Y Growth
4.5.2 Varicose Vein 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 Radiofrequency Ablation Devices
5.2.2 Laser Ablation Devices
5.2.3 Venous Closure Products
5.2.4 Surgical Products
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 Endovenous Ablation
6.2.2 Injection Sclerotherapy
6.2.3 Surgical Ligation/Stripping
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Varicose Vein 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 Varicose Vein 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 Radiofrequency Ablation Devices
9.6.2 Laser Ablation Devices
9.6.3 Venous Closure Products
9.6.4 Surgical Products
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 Endovenous Ablation
9.10.2 Injection Sclerotherapy
9.10.3 Surgical Ligation/Stripping
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 Radiofrequency Ablation Devices
10.6.2 Laser Ablation Devices
10.6.3 Venous Closure Products
10.6.4 Surgical Products
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 Endovenous Ablation
10.10.2 Injection Sclerotherapy
10.10.3 Surgical Ligation/Stripping
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 Radiofrequency Ablation Devices
11.6.2 Laser Ablation Devices
11.6.3 Venous Closure Products
11.6.4 Surgical Products
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 Endovenous Ablation
11.10.2 Injection Sclerotherapy
11.10.3 Surgical Ligation/Stripping
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 Radiofrequency Ablation Devices
12.6.2 Laser Ablation Devices
12.6.3 Venous Closure Products
12.6.4 Surgical Products
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 Endovenous Ablation
12.10.2 Injection Sclerotherapy
12.10.3 Surgical Ligation/Stripping
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 Radiofrequency Ablation Devices
13.6.2 Laser Ablation Devices
13.6.3 Venous Closure Products
13.6.4 Surgical Products
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 Endovenous Ablation
13.10.2 Injection Sclerotherapy
13.10.3 Surgical Ligation/Stripping
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 Varicose Vein Treatment Market: Competitive Dashboard
14.2 Global Varicose Vein Treatment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Angiodynamics
14.3.2 Medtronic
14.3.3 Syneron Medical
14.3.4 Lumenis
14.3.5 Quanta System
14.3.6 Teleflex
14.3.7 Energist
14.3.8 Eufoton
14.3.9 Biolitec
