Varicose Vein Treatment Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2022 to 2028. It also offers accurate overview of the growth strategies, market size, mergers acquisitions, and upcoming products/services of leading key players in this market.
Market Insights
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. The Varicose Vein Treatment market is projected to grow from USD 276.89 million in 2021 to USD 451.9 million by 2028 at a CAGR of over 7.12% during the forecast period. The surging demand for minimal invasion techniques as well as the increasing geriatric population is are likely to augment the industry growth. Moreover, economically favorable treatment and excluded use of anesthesia further boost the demand for varicose vein treatment. In addition, less time consumption with efficient results, strong RD investments, and technological advancements are likely to offer lucrative opportunities to the market players in the coming years.
Market Segments' Analysis
According to Stratview Research, the Varicose Vein Treatment Market is segmented By Product (Laser RF Ablation, Venous Closure, Surgical), By Treatment Type (Endovenous Ablation, Injection Sclerotherapy, Surgical Ligation/Stripping), and Region.
Based on product, the varicose vein treatment market has been classified into laser RF ablation, venous closure, and surgical. Under these, the laser RF ablation segment held the largest market share in 2020 and is likely to grow at a considered CAGR during the forecast period. Laser ablation treatment does not include lengthy hospital stays or discomfort during the recovery process that offers considerable benefits to the patients who are treated for varicose veins, thus bolstering the segment growth.
By region, the North American market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. Rising healthcare expenditure, favorable reimbursement scenario, as well as a growing number of product approvals is likely to boost the market growth in the region. Also, well-established healthcare systems allow the easy availability of products, thereby augmenting the regional market growth.
Top key vendors in the market:
The report mentions a list of key players in the Varicose Vein Treatment Market. Some of them are mentioned below –
- Candela Medical (Syneron Medical Ltd) (US)
- Medtronic PLC (Ireland)
- Boston Scientific (Lumenis Corporation) (US)
- En SpA Group (Quanta System) (Italy)
- Teleflex Incorporated (US)
- Eufoton SRL (Italy)
- Biolitec AG (BioMed Technology Holdings Ltd) (Germany)
- AngioDynamics Inc. (US)
- Alma Lasers Ltd (Israel)
- Sciton Inc. (US)
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