Endovenous ablation segment is expected to drive the Growth of the Global Varicose Veins Treatment Devices Market by Treatment
According to a new market research study titled Varicose Veins Treatment Devices Market to 2025 - Global Analysis and Forecasts by Product, Treatment and End User. The global varicose veins treatment devices market is expected to reach US$ 1,032.4 Mn in 2025 from US$ 512.6 Mn in 2017. The market is estimated to grow with a CAGR of 9.6% from 2018-2025. The market is expected to grow due to increasing incidence of chronic venous diseases (CVDs), increase in the adoption of endovenous laser ablation and technological developments in varicose veins treatments. However, lack of skilled professionals and disadvantages of the ablation techniques are likely to negatively affect the market growth creating challenges for market players in the future years to some extent.
In the recent years various new improvements have evolved treatments available for varicose veins with the introduction of minimally invasive therapies such as sclerotherapy and ablation techniques. These techniques have recently been introduced to be valid alternate options to the conventional surgical procedures for the treatment of varicose veins. According to a study conducted by National Institute of Health and published in 2016, a trend towards a less invasive approach for the treatment of varicose veins, with safe and effective results was observed as a part of the retrospective analysis conducted among 350+ patients from September 2013 to July 2015. Specialized solutions are becoming popular to be used for the surgical procedures. In addition to fulfilling the standard requirements of the medical devices and systems, the market players offering unique services and solutions that to exactly fit the demands of the medical professionals. The customer-friendly oriented solutions are expected to hold a prevalent trend in the varicose veins treatment devices market.
Global varicose veins treatment devices market, based on the treatment was segmented into injection sclerotherapy, endovenous ablation, and surgical ligation market. In 2017, the endovenous ablation segment held the largest share of the market, by treatment. However, on the basis of growth rate, the sclerotherapy segment is expected to witness the fastest growth rate among the treatment segment in the global varicose veins treatment devices market as the ultrasound based foam sclerotherapy is a relatively new technique that is minimally invasive and offers several advantages minimizing patient discomfort.
The major players operating in the varicose veins treatment devices market include Alma Lasers, AngioDynamics, VVT Med, F care systems, Asclepion Laser Technologies GmbH, Syneron Medical Ltd., Energist Ltd., Medtronic, biolitec AG, and Miravas among others. The launch of novel and innovative solutions by market players also have led to striking new introductions in the market as a result of which the global varicose veins treatment devices market is likely to grow. For instance, in November 2015, Medtronic introduced the VenaSeal closure system in the US that incorporates a novel technology for patient relief with varicose veins.
The report segments the global varicose veins treatment devices market as follows:
Global Varicose Veins Treatment Devices Market - By Product
Global Varicose Veins Treatment Devices Market - By Treatment
Global Varicose Veins Treatment Devices Market - By End User
Global Varicose veins treatment devices Market - By Geography
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