Accoeding to the latest market report “Varicose Vein Treatment Market: By Product (Radiofrequency Ablation Devices, Laser Ablation Devices and Surgical Products); By Treatment (Sclerotherapy, Endovenous Laser Ablation, Stripping, Ambulatory Phlebectomy, Radiofrequency Ablation) & Geography – Forecast (2017-2021)” published by IndustryARC, estimates the market to reach $403.40 million by 2021.
Browse 05 Market Tables, 81 Figures spread through 141 slides and an in-depth TOC on “Varicose Vein Treatment Market (2017 – 2021)” – http://industryarc.com/Report/17006/varicose-vein-treatment-market.html
Various methods are being adopted for the treatment of varicose veins of which endovenous laser ablation (EVLA) is the majorly adopted technique as the success ratio and procedure adopted is often simple in comparison with others. EVLA uses high quality laser to heat up and close the veins under the guidance of duplex ultrasound. Radiofrequency Ablation Devices use electrical energy to generate heat affected veins and thus close them.
Globally, development of advanced and progressively less-intrusive treatment procedures; rise in varicose veins treatment awareness among people; increasing government initiatives across the globe; growing incidence of varicose veins; reduced trauma; greater exposure to the site of application; high operative success rates and faster blood flow restoration are the prime growth drivers of the varicose vein treatment market. In addition, increase in adoption of varicose vein treatment in emerging economies such as China, India and others, will create new opportunities for the varicose vein treatment market. However, higher cost of research and development, lack of skilled vascular surgeons and higher cost of varicose vein treatment procedures are the key restraints for the varicose vein treatment market.
Asia Pacific will have the fastest growth, owing to a rapid increase in aging population; rise in consumer awareness; ease of varicose veins treatment as a result of government policies; modernization of healthcare infrastructure; and growing medical tourism industry. This can be observed in developing nations such as China, and India in this region. Among all the treatments, the ultrasound and sclerotherapy segment is widely used in the varicose vein treatment market due to the larger benefits, minimal incision, and reduced scaring.
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The Prominent Players in varicose veins Market Include
- BTG PLC
- Vascular Solutions
- Syneron Medical
The prominent companies in varicose veins market include Medtronic, BTG PLC, Vascular Solutions, Syneron Medical, Angiodynamics Inc. among others. These companies through their broad range of products, product expansion and innovation have been successful in catering to a variety of customers, consequently maintaining their market hold in their respective regions.
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