Varicose Vein Treatment Market to See Strong Expansion Through 2026

4 min read
04 November 2022

Stratview Research delivers key insights on the global Varicose Vein Treatment Market. According to Stratview Research, the market is segmented By Product (Laser & RF Ablation, Venous Closure, Surgical), By Treatment Type (Endovenous Ablation, Injection Sclerotherapy, Surgical Ligation/Stripping), and Region.

The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.

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Market Insights

The report suggests that the overall Varicose Vein Treatment market is projected to grow from USD 258.3 million in 2020 to USD 387.6 million by 2026 at a CAGR of over 7.2% during the forecast period.

Market Segments' Analysis

Based on product, the varicose vein treatment market has been classified into laser & RF ablation, venous closure, and surgical. Under these, the laser & RF ablation segment held the largest market share in 2020 and is likely to grow at a considered CAGR during the forecast period. Laser ablation treatment does not include lengthy hospital stays or discomfort during the recovery process that offers considerable benefits to the patients who are treated for varicose veins, thus bolstering the segment growth.

By region, the North American market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. Rising healthcare expenditure, favorable reimbursement scenario, as well as a growing number of product approvals is likely to boost the market growth in the region. Also, well-established healthcare systems allow the easy availability of products, thereby augmenting the regional market growth.

Key Players

The following are some of the key players in the Varicose Vein Treatment Market:

  • Candela Medical (Syneron Medical Ltd) (US)
  • Medtronic PLC (Ireland)
  • Boston Scientific (Lumenis Corporation) (US)
  • En SpA Group (Quanta System) (Italy)
  • Teleflex Incorporated (US)
  • Eufoton SRL (Italy)
  • Biolitec AG (BioMed Technology Holdings Ltd) (Germany)
  • AngioDynamics Inc. (US)
  • Alma Lasers Ltd (Israel)
  • Sciton Inc. (US)

FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

  • What is the global demand for Varicose Vein Treatment Market in terms of revenue?
  • Which are the prominent players in the market?
  • At what CAGR is the market projected to grow within the forecast period?
  • What are the driving factors fuelling the growth of the market?
  • Which region accounted for the largest share in the market?
  • How did the Covid19 impacted the market?
  • How long will it take to recover from the Covid impact?

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devesh guwal 0
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