The Varicose Vein Treatment Market is estimated to hit 7.59 million by 2023

Posted by Lohitha on August 13th, 2019

According to the new market research report by IndustryARC titled “Varicose Vein Treatment Market: By Product (Radiofrequency Ablation Devices, Laser Ablation Devices and Surgical Products); By Treatment (Sclerotherapy, Endovenous Laser Ablation, Stripping, Ambulatory Phlebectomy, Radiofrequency Ablation); By End-User( Hospitals, Surgical Centers and Specialized Clinics); By Geography - Forecast (2018-2023)”, the market is driven by technological advancements and availability of better treatment facilities.

The Varicose Vein Treatment Market was registered with 4.77 million revenue in 2017 and is projected to reach 7.59 million by 2023 with a CAGR of 5.09% throughout the forecast period.

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APAC continues to lead the market share and growth during 2018-2023

Asia-pacific holds major share in varicose vein treatment market, followed by Europe and Americas. Also, Asia-pacific is projected to experience the fastest growth due to rapidly increasing aging population, rise in consumer awareness, favorable government policies, modernization of healthcare infrastructure, and growing medical tourism industry in nations such as China and India. Asia-pacific held 1.15 million revenue in 2017 and is projected to register 1.17 million by 2023 at a highest CAGR of 5.90%. Across the Asia-Pacific region, development of advanced and progressively less-invasive treatment procedures, rise in awareness among people regarding diseases, increasing government initiatives across the globe, growing incidence of varicose veins, greater exposure to the site of application, high operation success rates, and faster blood flow restoration, are the prime growth drivers of the varicose vein treatment market.
In Asia-pacific, the Stripping type segment is dominating which held a revenue of .77 million in 2017 and expected to reach .62 million by 2023 at a CAGR of 6.35%.

Selected / Sample Analysis done in the full Report:

Firms operating in this market spent huge amounts of money in the development of efficient treatments, and at the same time, new firms are coming up with cutting-edge technological innovations, resulting in tremendous increase in the degree of competition.
Consequently, product launches, mergers and acquisitions are done in the varicose vein treatment market. Also, partnerships by companies, universities and individual researchers are also being done.
The financial analysis of the leading companies in the varicose veins treatment market has been conducted on the following parameters that comprise of operating expenses, net income, net revenue and earnings per share. Notable players in the varicose veins treatment market comprise of BTG PLC, Vascular Systems, Syneron Medica, Angiodynamics Inc. and more.
BTG PLC and Vascular Systems are some of the key players in the varicose vein treatment market. Syneron Medical is yet another company which holds a major share in the varicose vein treatment market. Among these, BTG PLC stood in the first position, in terms of generating the highest revenue followed by Angeodynamics Inc.

Excerpts on Market Growth Factors Mentioned in the Full Report:

1. The demand for varicose vein treatment has been escalating as it provides more effective results, compared to conventional treatments.
2. Increasing number of varicose vein treatment cases resulted in the significant growth of the Varicose Vein Treatment market.
3. Growing aging population across the world is also set to propel the global market growth rate.

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Key Players of the Varicose Vein Treatment Market:

Medtronic and Angiodynamics Inc. are the key players in the Varicose Vein Treatment Market, where Medtronic is one of the major players in this market with wide range of product offerings that enables equipment manufacturers to produce treatment devices for various varicose vein diseases. Angiodynamics deals extensively in laser ablation products. Also, it supplies a wide range of varicose vein treatment products.

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