Varicose Veins Treatment Devices Market Growing at a CAGR of 9.6% During forecast period 2018 - 2025 | Syneron Medical, Asclepion Laser Technologies, VVT Med, Energist

The disease is highly prevalent among the adult population worldwide generating sustainable burden of the global healthcare spending. The increasing incidence of the venous diseases such as varicose veins can thus increase the growth of global varicose veins treatment market. According to the American Society for Vascular Surgery (ASVS) 2015, at least 20 to 25 million Americans have varicose veins. Statistics further show that 17% of men and 33% of women have varicose veins. In fact, more people are unable to work due to vein disorders than due to arterial disease. According to a survey report published by Sigvaris, in industrialized countries, over 30% of women and about 10% of men consult physicians for venous signs and symptoms of the legs.

The global varicose veins treatment devices market accounted to US$ 512.6 Mn in 2017 and is expected to grow at a CAGR of 9.6% during the forecast period 2018 - 2025, to account to US$ 1032.4 Mn by 2025.

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The varicose veins treatment devices market by treatment was segmented into, injection sclerotherapy, endovenous ablation, and surgical ligation. The endovenous ablation segment held the largest share of the market, by treatment. The segment is also expected to dominate during the year 2025, owing to the advantages offered by the technique that majorly include its minimally invasive nature over the traditional surgical methods, lesser complications, better and faster results and others.

North America is the largest geographic market and it is expected to be the largest revenue generator during the forecast period. North American market is driven by the factors such as, increasing number of manufacturers as well as the large number of surgeries such as, new product launches by market players and high population suffering with venous diseases in the region.

The major players operating in the varicose veins treatment devices market include Alma Lasers, Angio Dynamics, VVT Med, F care systems, Asclepion Laser Technologies GmbH, Syneron Medical Ltd., Energist Ltd., Medtronic, biolitec AG and Miravas among others.

The market players are indulged into bringing new products to the market to keep to the pace of the competitive market nature. For instance, in November 2015, Medtronic introduced the VenaSeal closure system in the US that incorporates a novel technology for patient relief with varicose veins. Moreover, in January 2017, BTG International Canada Inc. conducted the Canadian commercial launch of Varithena, a drug-device combination product that was intended for the treatment of varicose veins. The drug-device was intended for use in adults with clinically significant venous reflux as diagnosed by duplex ultrasound.

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TABLE OF CONTENTS

1. INTRODUCTION 23
1.1 SCOPE OF THE STUDY 23
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 23

2. GLOBAL VARICOSE VEINS TREATMENT DEVICES MARKET - KEY TAKEAWAYS 25

3. GLOBAL VARICOSE VEINS TREATMENT DEVICES MARKET - MARKET LANDSCAPE 28
3.1 OVERVIEW 28
3.2 MARKET SEGMENTATION 28
3.2.1 Global Varicose Veins Treatment Devices Market - By Product 29
3.2.2 Global Varicose Veins Treatment Devices Market - By Treatment 29
3.2.3 Global Varicose Veins Treatment Devices Market - By End User 30
3.2.4 Global Varicose Veins Treatment Devices Market - By Geography 30
3.3 PEST ANALYSIS 31
3.3.1 North America - PEST Analysis 31
3.3.2 Europe- PEST Analysis 33
3.3.3 Asia Pacific- PEST Analysis 35
3.3.4 Middle East and Africa - PEST Analysis 37
3.3.5 South and Central America - PEST Analysis 39
4. GLOBAL VARICOSE VEINS TREATMENT DEVICES MARKET - KEY MARKET DYNAMICS 41
4.1 KEY MARKET DRIVERS 41
4.1.1 Increasing Incidence of Chronic Venous Diseases 41
4.1.2 Increase in the Adoption of Endovenous Laser Ablation 42
4.1.3 Technological Advancements in Varicose Veins Treatment 42
4.2 KEY MARKET CHALLENGES 43
4.2.1 Shortage of Skilled Workforce 43
4.2.2 Disadvantages of Endovenous Laser Ablation Techniques 43
4.3 KEY MARKET OPPORTUNITIES 44
4.3.1 Spread of Appropriate Awareness Regarding Varicose Veins 44
4.4 FUTURE TREND 45
4.4.1 Continuation in the Evolution of Therapeutic Approach Towards Less Invasive Techniques 45
4.5 IMPACT ANALYSIS 45

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