$551.7 Million Worldwide Varicose Vein Treatment Industry to 2027 - Featuring Alma Lasers, Fotona, Medtronic and Sciton Among Others - ResearchAndMarkets.com
22 Dec 2022
DUBLIN--(BUSINESS WIRE)--The "Varicose Vein Treatment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
'Varicose Vein Treatment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027'
The global varicose vein treatment market reached a value of US$ 388.74 Million in 2021. Looking forward, the publisher expects the market to reach a value of US$ 551.75 Million by 2027, exhibiting a CAGR of 6.01% during 2021-2027.
Companies Mentioned
Biolitec AG (BioMed Technology Holdings Ltd.)
Fotona
The Vein Company
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Varicose vein treatment comprises self-care measures, compression stockings, and surgeries, such as sclerotherapy, laser treatment, catheter-based radiofrequency, high ligation and vein stripping, and ambulatory phlebectomy. It assists in treating twisted and enlarged veins that are close to the surface of the skin.
It also helps reduce ache or heavy feeling in the legs, worsened pain after sitting or standing for a long time, itching around one or more of the veins, changes in skin color around varicose veins, and burning, throbbing, muscle cramping and swelling in the lower legs. As a result, it finds applications in hospitals, clinics, and ambulatory centers worldwide.
Presently, the rising prevalence of varicose vein problems among individuals, along with the growing geriatric population, represents one of the key factors driving the market across the globe. Moreover, there is an increase in the advancement of varicose vein treatment devices.
This, coupled with the burgeoning healthcare industry, is propelling the growth of the market. In addition, the growing adoption of minimally invasive treatment procedures due to less postoperative pain, fewer operative and major postoperative complications, shortened hospital stay, and faster recovery times is positively influencing the market around the world.
Besides this, the rising awareness among individuals about the treatment is offering lucrative growth opportunities to industry investors. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce advanced equipment, such as varithena and VenaSeal closure systems.
In line with this, the increasing obesity among individuals due to changing lifestyles and lack of exercise is catalyzing the demand for varicose vein treatment. Other growth-inducing factors are technological advancements, prolonged standing hours at work, and excessive smoking.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global varicose vein treatment market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, procedure and end user.
Breakup by Product:
Ablation Devices
Radiofrequency Ablation Devices
Laser Ablation Devices
Others
Sclerotherapy Injection
Others
Breakup by Procedure:
Injection Sclerotherapy
Endovenous Ablation
Surgical Ligation and Stripping
Breakup by End User:
Hospitals
Clinics
Ambulatory Centers
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Key Questions Answered in This Report:
How has the global varicose vein treatment market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global varicose vein treatment market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the procedure?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global varicose vein treatment market and who are the key players?
What is the degree of competition in the industry?
For more information about this report visit https://www.researchandmarkets.com/r/lezz98
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