Press release
Rising Demand and Technological Advancements Drive Growth in Varicose Veins Treatment Devices Market
Varicose Veins Treatment Devices Market
Key Market Drivers
Emerging Technologies: The integration of advanced technologies, such as Radiofrequency Ablation (RFA) catheters, the Venaseal closure system, and improved laser ablation techniques, is transforming the landscape of varicose vein treatments. These innovations enhance the efficiency and quality of care, enabling faster treatment processes.
Increasing Prevalence of Varicose Veins: The global aging population is contributing to a higher incidence of varicose veins. As vein valves weaken with age, the accumulation of blood leads to the development of varicose veins. Additionally, growing awareness of this condition and its health implications is encouraging more individuals to seek treatment.
Minimally Invasive Treatment Demand: There is a growing preference for minimally invasive procedures that require smaller incisions and result in less tissue damage. These treatments not only promote faster healing and shorter hospital stays but also offer superior aesthetic outcomes, with patients experiencing minimal scarring and discomfort.
Technological Advancements: Recent innovations, such as the VenaSeal closure system and advanced ultrasound technology with 3D mapping, are expected to increase the demand for varicose vein treatment devices. For instance, THERACLION recently launched its FDA-approved SONOVEIN technology for treating varicose veins, aiming for rapid market entry.
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Market Challenges
Despite the promising growth, the market faces challenges, particularly from alternative treatments. Many individuals with mild varicose veins turn to home remedies, including compression stockings and lifestyle changes, due to their affordability. Moreover, the rise of natural wellness practices has led some to prefer herbal remedies over medical treatments, even if scientific evidence supporting these alternatives is limited.
Market Segmentation Insights
The Varicose Veins Treatment Devices Market can be categorized based on treatment type, device type, and end use:
Treatment Type: Sclerotherapy currently dominates the market due to its effectiveness in treating smaller varicose veins with minimal downtime. The endovenous ablation segment is expected to grow steadily, particularly for larger varicose veins, due to advancements in technology and improved safety.
Device Type: Radiofrequency (RF) ablation is anticipated to capture a significant market share as it offers targeted heat delivery to collapse diseased veins while minimizing damage to surrounding tissue. This method is effective across various vein sizes.
End Use: The market is segmented into hospitals, clinics, and ambulatory surgical centers (ASCs). Hospitals are increasingly investing in innovative medical technologies, driven by rising healthcare expenditure and government initiatives. This enables them to provide advanced treatment options for varicose veins, catering to a growing number of patients.
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Varicose Veins Treatment Devices Top Companies and Competitive Landscape
The global varicose vein treatment devices market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective varicose vein treatment devices products.
Some major players included in the global varicose vein treatment devices market report is:
Medtronic
AngioDynamics
Teleflex Incorporated
Sciton
Dornier MedTech
Merit Medical Systems
Alma Lasers
biolitec
Boston Scientific Corporation
WON TECH Co., Ltd.
Varicose Veins Treatment Devices Latest Industry Updates
On 5 September 2023, VVT Medical announced varicose vein treatment with the FDA clearance of its ScleroSafe platform. This innovative system avoids heat and tumescent solutions, offering efficient and single-handed management of superficial varicose veins. The dual syringe injects the treatment agent while simultaneously removing blood and excess solution, simplifying the procedure and potentially improving patient comfort. This user-friendly system promises efficient treatment with enhanced patient comfort.
On 2 December 2021, Becton and Dickinson Company (BD) announced the acquisition of Venclose. This technology, favored for its versatility and potential for reduced patient discomfort, positions BD as a key player in chronic venous insufficiency treatment. This move capitalizes on the rising demand for Chronic Venous Insufficieny (CVI) solutions and Venclose's innovative technology, potentially making BD a dominant force in the market. Venclose is a leader in CVI treatment through its radiofrequency ablation tech, is now part of the BD family. This strategic move promises to expand access to Venclose's innovative solutions and reshape the CVI treatment landscape.
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Varicose Veins Treatment Devices Market Segmentation Analysis
For the purpose of this report, Emergen Research has segmented the global varicose vein treatment devices market on the basis of treatment type, devices, end-use, and region:
Treatment Type Outlook (Revenue, USD Billion; 2019-2032)
Endovenous ablation
Surgical litigation and stripping
Sclerotherapy
Devices Outlook (Revenue, USD Billion; 2019-2032)
Ablation device
Radiofrequency (RF) ablation
Venous closure
Surgical product
End-Use Outlook (Revenue, USD Billion; 2019-2032)
Hospital
Clinics
Ambulatory Surgical Centers (ASCs)
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Europe
Germany
France
UK
Italy
Spain
Benelux
Russia
Rest of Europe
Asia Pacific
China
Japan
South Korea
India
ASEAN Countries
Oceania
Rest of APAC
Latin America
Brazil
Mexico
Rest of LATAM
Middle East & Africa
GCC Countries
Israel
Turkey
South Africa
Rest of Middle East & Africa
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In-Depth Insights: How to Browse Related Market Reports
Varicose Veins Treatment Devices Market Size @ https://www.emergenresearch.com/industry-report/varicose-veins-treatment-devices-market/market-size
Varicose Veins Treatment Devices Market Share @ https://www.emergenresearch.com/industry-report/varicose-veins-treatment-devices-market/market-share
Varicose Veins Treatment Devices Market Trends @ https://www.emergenresearch.com/industry-report/varicose-veins-treatment-devices-market/market-trends
Varicose Veins Treatment Devices Regional Market Demand @ https://www.emergenresearch.com/industry-report/varicose-veins-treatment-devices-market/regional-market-demand
Varicose Veins Treatment Devices Market Analysis @ https://www.emergenresearch.com/industry-report/varicose-veins-treatment-devices-market/market-analysis
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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