By the end of 2022, the market for Buy varicose vein treatment By the end of 2022, the varicose vein treatment market will be valued at US$ 716.5 million, up from US$ 671.5 million in 2021. Furthermore, due to the increasing incidence of varicose veins and increased public awareness about their different treatments , the market for varicose veins treatments is expected to reach a value of $1.4 billion by 2032, growing at a CAGR of 6.8% between 2022 and 2032.
Along with this, the demand for varicose veins treatments is also expected to increase due to the effectiveness of the treatments, the use of easy-to-use devices, and the growing emphasis of physicians on ensuring patient safety during the critical treatment of varicose veins. Towards the end of 2026, the global market for varicose veins treatment will have reached USD 931.4 million, growing at a strong CAGR of 6.4%.
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Unattended varicose veins can cause severe pain through swelling, ulceration, venous eczema and lipodermasclerosis. Addressing them through appropriate measures becomes very critical. One can opt for non-surgical treatments such as sclerotherapy, leg lifts, or alternative invasive techniques such as intravenous laser treatments. Collectively, these treatments can be treated as varicose vein treatments, which are medically applied in all parts of the world. The demand for such varicose veins treatments is expected to increase in the coming years.
Varicose Vein Treatments: Market Opportunities
With strong clinical evidence, intravenous laser ablation devices are more popular for the treatment of varicose veins. However, compared to other procedures such as foam fillers, cost of vein removal, and electrical detonation, endoscopic varicose vein ligation (EVL) is a more expensive alternative treatment. The launch of affordable EVL devices will act as a favorable opportunity for new entrants as well as existing players in the market. Lowering the cost of the procedure and increasing the adoption of affordable devices will cumulatively boost the adoption of varicose vein treatments.
Among the wide variety of intravenous laser ablation devices available on the market, some of them can lead to complications such as thrombophlebitis, nerve damage, burns, and deep vein thrombosis conditions. There is a potential opportunity for manufacturers of intravenous laser ablation devices to tap into the larger market by offering competing products that cause fewer complications.
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APEJ’s varicose vein treatment market is experiencing rapid growth
According to the report, more than 40% of the market revenue will remain concentrated in North America throughout the forecast period. By the end of 2026, the North American varicose vein treatment market will have reached a value of US$ 420 million. AngioDynamics, Inc. based in the US will be seen as a key player in the market during this period. In terms of revenue growth, the varicose vein treatment market in the Asia Pacific ex Japan (APEJ) region is projected to be at the forefront.
Exhibiting a 7% CAGR, the APEJ varicose vein treatment market will witness the active participation of Korean medical device manufacturer, Wontech Co., Ltd. In addition to 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 involved in the development of the global varicose vein treatment market.
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The report further reveals that hospitals and ambulatory surgery centers as end users will account for a larger share of global revenue, while specialty clinics will register the fastest revenue growth at 7.2% CAGR. The report also identifies intravenous laser therapy as the dominant varicose vein treatment in the market, with revenue worth more than US$ 500 million by the end of 2026.
Market Sort by End User
- Hospitals
- Ambulatory Surgery Centers
- Specialized Clinics
By treatment type
- Endovenous Laser Systems
- Endovenous Laser Fibers
- Bare-end fiber lasers
- Radial Tip Laser Fibers
- Gold Tip Fibers Laser
- Treatment
- Non-thermal catalysis
- Radio frequency removal
- Sclerotherapy
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Future Market Insights, Inc. (ESOMAR-certified, Stevie Award-winning market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the drivers of market demand growth. It reveals opportunities that will drive market growth in various segments based on Source, Application, Sales Channel and End Use over the next 10 years.
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