Global Varicose Vein and Spider Vein Treatment Devices Market Forecast Till 2021
The global varicose vein and spider vein treatment devices market is expected to grow rapidly in the coming years as the awareness about painless and cost effective procedures increases. More number of females are opting for treatment of spider veins and varicose veins. It is estimated that only about 25% of the hospital visits for varicose vein actually undergo procedures. Hence the varicose treatment devices market has immense scope for expansion. The varicose veins and spider vein treatment devices market is also fueled by the introduction of new technologies that have turned surgical vein stripping methods obsolete. Demand for surgical vein removal is currently under declining phase as it is being replaced with minimally invasive painless surgeries. In 2015, Medtronic, a leading player in the varicose treatment devices market announced that the U.S. Food and Drug Administration (FDA) approved its varicose vein treatment technology. The device named VenaSeal uses cyanoacrylate adhesive to permanently seal the varicose veins through a minimally invasive procedure that can be performed in an office or an outpatient setting.
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Currently endovenous laser ablation (EVLA) technology is most commonly used for treatment for varicose vein. Laser treatment is one of the oldest and most widely used methods across the globe. Other prominent technologies include radiofrequency and ultrasound. Venefit by Medtronic uses the ClosureFast RF catheter to collapse and close enlarged leg veins in patients with varicose veins and Chronic Venous Insufficiency (CVI); while Celon RFITT by Olympus incorporates bipolar radiofrequency induced thermo therapy (RFITT) technology that can be used under local and general anesthesia. Sclerotherapy is another emerging technology in varicose vein treatment. The method involves injection of salt solutions in the veins that cause the inner lining to collapse and stick to one another. These minimally invasive technologies have boosted the varicose vein and spider vein treatment devices market.
Key players in the varicose vein and spider vein treatment devices market include Medtronic, Olympus, Angiodynamics, F Care, Boston Scientific, AccuVein and various others.
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