Varicose Vein Treatment Market expected to reach $ 589.06 million by 2025 along with the market players Medtronic, Lumenis, Alma Lasers Ltd., Angiodynamics, Biolitec AG, BTG PLC, Energist Ltd., Sciton Inc., WONTECH Co.
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The growth of the global varicose vein treatment market is driven by the rise in incidences of varicose vein problem, increase in geriatric population and technological advancements in varicose vein treatment devices. Additionally, the growth of awareness in emerging economies would provide lucrative opportunities for emerging market players in the near future. However, a dearth of skilled healthcare professionals and occasional product recall impede market growth.
Injection sclerotherapy segment projected to occupy the largest share in the near future.
By procedure, the injection sclerotherapy segment generated almost three-fifths of the global revenue in 2017 and is expected to continue its dominance through 2025, owing to the accurate nature of its result. However, the endovenous ablation segment is expected to grow at the highest CAGR of 6.9% during the forecast period, owing to its ability to eliminate the collapsed vein through the body's natural process.
Commercial use segment to dominate the global market through 2025
By product, ablation devices segment is poised to encounter the highest growth from 2018 to 2025, a CAGR of 7.3%, as these devices are non-invasive and reduce recovery time. However, the sclerotherapy injection segment is projected to remain the dominant segment through the forecast period and occupy more than half of the global share.
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Asia-Pacific to continue dominating the global market
Regionally, Asia-Pacific would grow at the highest CAGR of 7.8% from 2018 to 2025, on account of rising consumer awareness, increase in geriatric population, and the growing adoption of advanced technology such as laser ablation and radiofrequency ablation.
Key market players
The key players analyzed in the report include Medtronic, Lumenis, Alma Lasers Ltd., Angiodynamics, Inc., Biolitec AG, BTG PLC, Energist Ltd., Sciton Inc., WONTECH Co., Ltd., and Syneron. They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.
3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. key findings
3.2.1. Top investment pockets
3.2.2. Top player positioning
3.3. Market dynamics
126.96.36.199. Increasing geriatric population
188.8.131.52. Advanced varicose vein treatment devices
184.108.40.206. Engagement in the occupation that increases the prevalence of varicose vein treatment
220.127.116.11. Technological advancement
18.104.22.168. Risk factors associated with the treatment devices and less experienced healthcare professionals
22.214.171.124. Increase in level of awareness
126.96.36.199. Untapped markets in emerging markets
3.3.4. Impact analysis
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