Varicose Veins Treatment Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Varicose Veins Treatment Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : October, 2020 | Medical Devices | PPT format

Report Digest


Global Varicose Veins Treatment Devices Market: Snapshot

The global varicose veins treatment devices market has been benefitting increasingly from the advent of a few minimally invasive therapies since the beginning of this decade. The notable of these devices are endovascular heat ablation (EVHA), Subfascial Endoscopic Perforator Surgery (SEPS), and sclerotherapy. Of these, probably the most recent one to gain popularity is SEPS. Meanwhile, radiofrequency ablation (RFA) devices has been gathering large traction in EVHA as a prominent surgical procedure for treatment of venous valve insufficiency. The adoption of various medical devices used in radiofrequency ablation gained momentum, riding on the back of growing demand for minimally-invasive endovenous treatments. The growth in this segment is further fueled by substantial advances in the delivery mechanism for endovenous RFA. However in advanced stages of varicose veins, SEPS has proved to be helpful, and the treatment devices used in the procedure have also witnessed considerable advancement, such as in ultrasonic coagulation and cutting devices.  Furthermore, the global varicose veins treatment devices market is garnering lucrative gains from favorable regulations in developed nations to ensure insurance coverage for popular therapies.

Another vital area likely to witness substantial advancement is the devices used in sclerotherapy. In particular, foam sclerotherapy is preferred to conventional surgical stripping, especially for treating small- and medium-sized varicose veins in patient populations. The benefits are obvious—higher efficacy and faster recovery. Hence, the varicose veins treatment devices market may see large developments in this area. Advancements in outpatient procedures relating to this therapy may help reduce the failure rates of foam sclerotherapy, believe experts. In the coming years, the market will substantially benefit from high-quality randomized controlled trials. For instance, these studies may focus on the clinical efficacy of laser devices and radiofrequency devices in the varicose veins treatment devices market. Advancement in this regard will help the market witness new, exciting avenues.

Varicose Veins Treatment Devices Market: Overview

The demand within the global market for varicose veins treatment devices is rising on account of the high incidence of varicose veins amongst adults. Varicose vein, also known as varicosities, is a condition under which the veins become enlarged due to overfilling of blood. Varicose veins may appear to be reddish blue or bluish-purple and are often quite painful. Women are more prone to suffer from varicose veins as against men, and around 25% of adults are estimated to suffer from this medical condition. Owing to the aforementioned factors, the demand within the global market for varicose veins is expected to rise at a starry rate. The occurrence of varicose veins is more pronounced in women because pregnancy and menopause are two of the major triggers for varicose veins. It is projected that the quest of the medical fraternity to provide immediate treatment to patients suffering from varicose veins would propel demand within the global market for varicose veins treatment devices over the coming years.

The global market for varicose veins treatment devices may be segmented based on the following parameters: type of treatment and region. Since the market for varicose veins is closely related to the medical industry, it is important to understand the aforementioned segments in light of the medical and healthcare industries.

A report on the global varicose veins treatment devices market uncovers several key dynamics prevailing in the market. The report has been produced after conducting a meticulous study of the global market for varicose veins treatment market over a given timeframe.

Varicose Veins Treatment Devices Market: Trends and Opportunities

Although apart from being aesthetically displeasing, varicose veins do not cause any major discomfort at the initial stages. However, in severe cases, they can be extremely painful and may even cause excessive swelling in various body parts. This necessitates early treatment of varicose veins and has led to an increased demand within the global market for varicose veins treatment devices. Furthermore, varicose veins rupture in their last stages, and could pose a threat to the lives of affected persons. This is another factor that has propelled demand within the global market for varicose veins in recent times.

The development of advanced devices for the treatment of varicose veins has also emerged as a key contributor to market growth. Besides this, availability of minimally invasive treatments for varicose veins has also boded well for the growth of the global market. Since the population demographic above the age of 50 is more prone to the occurrence of varicose veins, the rising geriatric population has also facilitated market growth.

Varicose Veins Treatment Devices Market: Regional Outlook

The replacement of surgeries for the treatment of varicose veins by non-invasive treatments in the US and Canada has led to the growth of the market in North America. Furthermore, increasing medical tourism has led to the inflow of varicose veins treatment devices in India and China. This has emerged as a key driver of demand within the market for varicose veins treatment devices in Asia Pacific.

Varicose Veins Treatment Devices Market: Competitive Landscape

Some of the leading players in the global market for varicose veins are Medtronic plc, Syneron Medical Ltd., AngioDynamics, Inc., Biolitec AG, Energist Group, Lumenis Ltd., Eufoton srl, Teleflex, Inc, and Quanta Systems S.p.A. These market players are projected to focus on quality control and total quality management in order to attain renown in the global varicose veins treatment devices market.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?