Varicose Vein Treatment Market is expected to reach US$ 290.5 Mn by 2026 at a CAGR of 7.5 % during the forecast period. A varicose vein that has enlarged and twisted, often appearing as a bulging, blue blood vessel that is clearly visible through the skin. Varicose veins are most common in older adults, particularly women, and occur especially on the legs. The primary symptoms of varicose veins are highly visible, misshapen veins, usually on your legs.
Reduced trauma, greater exposure to the site of application, high operative success rates, and faster blood flow restoration, improving patient compliance & reliability, growing healthcare expenditure, and rapid growth in aging population would create commercial market opportunities. Furthermore, a high cost of varicose vein treatment procedures, lack of training for vascular surgeons, implementation of health care reforms, immensely competitive market leading to difficulty in maintaining sustainability, and inconsistent reimbursement scenario are the major hindrance of the varicose vein treatment market growth.
Key Players of the Varicose Vein Treatment Market:
- Medtronic plc
- Angiodynamics, Inc.
- Koninklijke Philips N.V
- Spectranetics, Boston Scientific Corporation
- Galil Medical, Inc.
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Varicose Vein Treatment Market Varicose Vein Treatment market is segmented by treatment mode, product, and region. Among treatment mode, Endovenous Ablation is expected to grow at the fastest rate owing to progressive syndromes including chronic venous insufficiency. This technology would continue to dominate the market during the forecast period owing to most frequently used technique.
Varicose Vein Treatment Market by region
- North America
- Latin America
Among regions, the North America region is expected to grow at the highest CAGR during the forecast period due to the increasing incidence of varicose vein cases, high disposable income, advanced healthcare infrastructure, increasing disorders and an upward trend in the adoption of unhealthy lifestyles. The APAC region is expected to grow at the highest CAGR during the forecast period due to improving healthcare infrastructure, increasing patient awareness, rising disposable income, and benefits of early treatments for varicose vein cases. The high percentage of the elderly population in developing countries such as China and Japan are increasing the incidence of major types of varicose vein in the Asia Pacific region. Rising per capita income, rapid urbanization, and expansion of advanced healthcare facilities in developing economies are likely to offer profitable opportunities to vendors in Varicose Vein Treatment market.
The Scope of the Varicose Vein Treatment Market:
Varicose Vein Treatment Market, by Treatment Mode
- Endovenous Ablation
- Injection Sclerotherapy
- Surgical Ligation/Stripping
Varicose Vein Treatment Market, by Products
- Ablation Devices
- Radiofrequency Ablation Devices
- Laser Ablation Devices
- Venous Closure Products
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In the Varicose Vein Treatment market, Medtronic plc holds the leadership position due to production capacity expansion, brand portfolio expansion, mergers, collaborations, and acquisitions. Over the past three years, the company has adopted new product launches, product enhancements, and geographic expansion as its crucial business plans to certify its dominance in this market.
Some TOC Points Covered in This Varicose Vein Treatment Market Report are:
Section 1: Preface
Section 2: Assumptions and Research Methodology
Section 3: Executive Summary
Section 4: Market Overview
Section 5: Supply Side and Demand Side Indicators
Section 6: Market Analysis and Forecast
Section 7: Company Profiles
Section 8: Primary Key Insights
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