Future Market Insights recently conducted its forecast study on the
global market for varicose vein treatments, estimating the market’s
current value at just over US$ 500 Mn. The report, titled “Varicose
Vein Treatment Market: Global Industry Analysis and Opportunity
Assessment, 2016-2026,” projects that rising prevalence of obesity
will fuel the incidence rate of varicose veins in the world.
Occurrence of varicose vein is medically-proven to be higher among
obese people. Along with this, the demand for varicose vein
treatments is also expected to grow on the account of effectiveness
of the treatments, utilisation of user-friendly devices, and growing
emphasis of medical practitioners on ensuring patient safety during
critical treatment of varicose veins. Towards the end of 2026, the
global market for varicose vein treatment will have reached value of
US$ 931.4 Mn, registering a robust growth at 6.4% CAGR.
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https://www.futuremarketinsights.com/reports/varicose-veins-treatment-devices-market
Backed with strong clinical evidence, endovenous laser ablation
devices are more popular to treat varicose veins. However, compared
to other procedures such as foam fillers, vein stripping costs, and
blast with electricity, endscopic variceal ligation (EVL) is a
costlier treatment alternative. Launch of cost-effective EVL devices
will work as a favourable opportunity for new entrants as well as
existing players in the market. Decreasing the procedure costs and
enhancing the adoption of affordable devices will cumulatively boost
the adoption of varicose vein treatments.
Among the wide variety of endovenous laser ablation devices available
in the market, some of them may lead to complications such as
thrombophlebitis, nerve damage, burns and deep vein thrombosis
conditions. There is a potential opportunity for endovenous laser
ablation device manufacturers to tap the larger market by offering
competitive products that cause lesser complications.
Apropos the report, more than 40% of the market revenues will remain
concentrated in North America, throughout the forecast period. By
2026-end, North America’s varicose vein treatment market will have
reached a value of US$ 420 Mn. US-based AngioDynamics, Inc. will be
observed as a key player in the market during this period. In terms
of revenue growth, the varicose vein treatment market in Asia-Pacific
excluding Japan (APEJ) region is projected to be at the forefront. By
exhibiting 7% CAGR, the APEJ varicose vein treatment market will
witness active participation of Korean medical device manufacturer,
Wontech Co., Ltd. Apart from these, Syneron Medical Ltd., Dornier
MedTech GmbH, Alma Lasers Ltd., Alna-Medicalsystem GmbH, LSO Medical,
Energist Ltd. and intros Medical Laser GmbH are other companies
partaking in the growth of global varicose vein treatment market.
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The report further reveals that hospitals and ambulatory surgical
centres as end-users will account for larger share of global
revenues, while specialised clinics will register fastest revenue
growth at 7.2% CAGR. The report also identifies endovenous laser
treatment as the dominant varicose vein treatment in the market,
procuring revenues worth over US$ 500 Mn by end of 2026.
Unattended varicose veins can cause one severe pain through swelling,
ulceration, venous eczema, and lipodermatosclerosis. Treating them
through appropriate measures becomes quite crucial. One may opt for
non-surgical remedies such as sclerotherapy, leg elevation, or
alternative invasive techniques such as endovenous laser treatments.
Collectively, these therapies can be addressed as varicose vein
treatments, medically-practiced in all parts of the world. The demand
for such varicose vein treatments is expected to grow in the years to
come.
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