As per this study the Global Varicose Veins Treatment Market was valued USD 381.3 BN (by revenue) in 2022 and is anticipated to reach USD 632.6 BN by 2030 with a CAGR of 7.5%.
Varicose veins are the dark purple colored, enlarged, twisted veins of legs and feet that result in to frequent itching, pain and related discomfort. Severe condition may lead to ulcers, formation of blood clots and even bleeding of the veins. Preliminary treatment includes wearing of compression stocking, but in severe condition, sclerotherapy, laser surgeries, catheter including procedure, vein stripping, ambulatory phlebectomy, and others.
Market Dynamics
Rising prevalence of varicose veins followed by growing count of geriatric population is driving the market growth. Rising patient awareness regarding the treatment along with increasing spending on healthcare is boosting the market growth. Obesity, chronic constipation, pregnancy, other medical conditions leading to high pressure on legs, leading to varicose veins has increased demand for varicose vein treatment.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of varicose veins treatment.
Market Segmentation
The broad varicose veins treatment market has been sub-grouped into treatment and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Treatment Type
- Endovenous Ablation
- Injection Sclerotherapy
- Surgical Ligation/Stripping
By Product
- Ablation Devices (Radiofrequency Ablation Devices, Laser Ablation Devices)
- Venous Closure Products
- Surgical Products
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for varicose veins treatment in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Varicose Veins Treatment Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the varicose veins treatment market include Medtronic plc, AngioDynamics Inc., Teleflex incorporated, Lumenis, Quanta System, Biolitec AG, Syneron Medical Ltd, Vascular Solutions Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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