Varicose Veins Treatment Market – Insights

Varicose veins, also known as varicosities or varicoses, is a condition caused due to enlargement of veins. The veins appear blue or dark purple in color and are swollen this condition. A patient suffering from varicosities may experience pain due to improper blood flow. The condition generally occurs on legs and feet as upright position while standing and walking increases the pressure in the veins of lower body.

Statistics:

The global varicose veins treatment market is estimated to account for US$ 991.5 Mn in terms of value by the end of 2027.

Global Varicose Veins Treatment Market: Drivers

Increasing prevalence of varicose veins is expected to propel growth of the global varicose veins treatment market over the forecast period. For instance, according to the American Vein and Lymphatic Society, 2019, over 40 million people in the U.S. suffer from varicose veins.

Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the World Health Organization, geriatric population is expected to reach 2 billion by 2050, up from 900 million in 2015.  

North America region held dominant position in the global varicose veins treatment market in 2019, accounting for 44.0% share in terms of value, followed by Europe.

Figure 1. Global Varicose Veins Treatment Market Share (%), by Region, 2019

Varicose Vein Treatment Devices  | Coherent Market Insights

Global Varicose Veins Treatment Market: Restraints

Lack of trained professionals, especially in emerging economies, is expected to hinder growth of the global varicose veins treatment market. Endovenous laser treatment/ablation (ELA) and radiofrequency ablation (ERA) require specialized training for doctors and special equipment. According to Competition Commission of South Africa’s preliminary health market inquiry findings released in July 2018, the estimated yearly average of doctors per 1,000 patients was 1.75 in the private sector between 2010 and 2014.

In Asia Pacific, insurance companies do not cover the entire material expenses of a surgery. This in turn is expected to hamper market growth to certain extent.

Global Varicose Veins Treatment Market: Opportunities

Although ELA therapies are effective in the treatment of varicose veins, these therapies are more costly when compared to other procedures such as foam fillers, vein stripping costs, blast with electricity and others. For instance, the average treatment cost for varicose vein with foam fillers in U.K. is approximately US$ 2,146 for two legs whereas that with vein stripping procedure is approximately US$ 3,219. ELA procedure cost ranges between US$ 4,292 - 6,439 for two legs, which is almost double than the other treatment procedures. Therefore, launch of cost-effective ELA therapies is expected to offer lucrative growth opportunities for players in the market.   

Moreover, technological advancements in ELA devices is also expected to aid in growth of the market. Currently, various ELA devices available in the market may lead to few complications such as thrombophlebitis, nerve damage, burns, and deep vein thrombosis conditions.

Varicose Vein Treatment Devices  | Coherent Market Insights

Endovenous Laser Fibers segment in the global varicose veins treatment market was valued at US$ 26.9 Mn in 2019 and is expected to reach US$ 45.1 Mn by 2027 at a CAGR of 6.6% during the forecast period.

Market Trends/Key Takeaways

The adoption of venous intravascular ultrasound (IVUS) is rapidly increasing for the treatment of varicose veins as it offer superior outcome compared to conventional venography for the morphologic diagnosis of iliac venous outflow obstruction.

The market is witnessing development of ultra-high frequency transducer that can be used in the treatment of varicose veins. For instance, in November 2018, Canon Medical Systems USA, Inc. launched 33 MHz ultra-high frequency linear iDMS transducer that uses iDMS technology and a single crystal wide band to provide superb resolution and detail in ultrasound imaging. It can be used for superficial vascular evaluations such as varicose veins.

Global Varicose Veins Treatment Market: Competitive Landscape

Major players operating in the global varicose veins treatment market include, AngioDynamics, Inc., Syneron Medical Ltd., Dornier Medtech GmbH., Alma Lasers Ltd., Alna-Medicalsystem GmbH, LSO Medical, WONTECH Co., Ltd., Intros Medical Laser GmbH, Energist Ltd. 

Global Varicose Veins Treatment Market: Key Developments 

Major players in the market are focused on approval and launch of new products to expand their product portfolio. For instance, in December 2019, Leucadia Pharmaceuticals launched Sodium Tetradecyl Sulfate (STS) generic, a U.S.FDA approved sclerosing agent is used for the treatment of small varicose veins of the lower legs.

Major players in the market are also focused on raising funds to enhance their market share. For instance, in December 2019, Venclose, Inc. announced it has closed its Series C funding at US$ 27 million, which will be used to accelerate commercial footprints in the US and to increase presence globally.

Varicose veins, also known as varicosities or varicoses, is a condition caused due to enlargement of veins affecting the legs and feet of the patient resulting in pain due to improper blood flow. Varicose veins may cause due to factors such as obesity, pregnancy, and old age. In majority of cases, patients do not suffer from blood circulation or long-term health problems. Increasing prevalence of varicose veins is expected to propel growth of the global varicose veins treatment market over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the global Varicose Veins Treatment and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global Varicose Veins Treatment based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies, and future plans
  • Key companies covered as a part of this study include AngioDynamics, Inc., Syneron Medical Ltd., Dornier Medtech GmbH., Alma Lasers Ltd., Alna-Medicalsystem GmbH, LSO Medical, WONTECH Co., Ltd., Intros Medical Laser GmbH, Energist Ltd.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global Varicose Veins Treatment report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Detailed Segmentation

  • Varicose Veins Treatment Market, By Product Type:
      • Endovenous Laser Systems
        • Diode Lasers
        • Yag Lasers
      • Endovenous Laser Fibers
        • Bare Tip Laser Fiber
        • Radial Tip Laser Fiber
        • Gold tip Laser Fiber
      • Treatment Method
        • Non-thermal Ablation
        • Radiofrequency Ablation
        • Sclerotherapy
  • Varicose Veins Treatment Market, By End User:
    • Hospitals
    • Ambulatory Surgical Centers
    • Specialized Clinics
  • Varicose Veins Treatment Market, By Region:
    • North America
      • By Product Type:
        • Endovenous Laser Systems
          • Diode Lasers
          • Yag Lasers
        • Endovenous Laser Fibers
          • Bare Tip Laser Fiber
          • Radial Tip Laser Fiber
          • Gold tip Laser Fiber
        • Treatment Method
          • Non-thermal Ablation
          • Radiofrequency Ablation
          • Sclerotherapy
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Specialized Clinics
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Endovenous Laser Systems
          • Diode Lasers
          • Yag Lasers
        • Endovenous Laser Fibers
          • Bare Tip Laser Fiber
          • Radial Tip Laser Fiber
          • Gold tip Laser Fiber
        • Treatment Method
          • Non-thermal Ablation
          • Radiofrequency Ablation
          • Sclerotherapy
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Specialized Clinics
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Endovenous Laser Systems
          • Diode Lasers
          • Yag Lasers
        • Endovenous Laser Fibers
          • Bare Tip Laser Fiber
          • Radial Tip Laser Fiber
          • Gold tip Laser Fiber
        • Treatment Method
          • Non-thermal Ablation
          • Radiofrequency Ablation
          • Sclerotherapy
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Specialized Clinics
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Endovenous Laser Systems
          • Diode Lasers
          • Yag Lasers
        • Endovenous Laser Fibers
          • Bare Tip Laser Fiber
          • Radial Tip Laser Fiber
          • Gold tip Laser Fiber
        • Treatment Method
          • Non-thermal Ablation
          • Radiofrequency Ablation
          • Sclerotherapy
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Specialized Clinics
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Endovenous Laser Systems
          • Diode Lasers
          • Yag Lasers
        • Endovenous Laser Fibers
          • Bare Tip Laser Fiber
          • Radial Tip Laser Fiber
          • Gold tip Laser Fiber
        • Treatment Method
          • Non-thermal Ablation
          • Radiofrequency Ablation
          • Sclerotherapy
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Specialized Clinics
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Endovenous Laser Systems
          • Diode Lasers
          • Yag Lasers
        • Endovenous Laser Fibers
          • Bare Tip Laser Fiber
          • Radial Tip Laser Fiber
          • Gold tip Laser Fiber
        • Treatment Method
          • Non-thermal Ablation
          • Radiofrequency Ablation
          • Sclerotherapy
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Specialized Clinics
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • AngioDynamics Inc. *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Syneron Medical Ltd.
    • Dornier Medtech GmbH
    • Alma Lasers Ltd.
    • Alna-Medicalsystem GmbH
    • LSO Medical
    • WONTECH Co., Ltd.
    • Intros Medical Laser GmbH
    • Energist Ltd

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End User
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Technological Advancement
    • Regulatory Scenario
  4. Global Varicose Veins Treatment Market, By Product Type, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Endovenous Laser Systems
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2027, (US$ Mn)
        • Diode Lasers
        • Yag Lasers
    • Endovenous Laser Fibers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2027, (US$ Mn)
        • Bare Tip Laser Fiber
        • Radial Tip Laser Fiber
        • Gold tip Laser Fiber
    • Treatment Method
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2027, (US$ Mn)
        • Non-thermal Ablation
        • Radiofrequency Ablation
        • Sclerotherapy
  5. Global Varicose Veins Treatment Market, By End User 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size, Volume and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size, Volume and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Specialized Clinics
      • Introduction
      • Market Size, Volume and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
  6. Global Varicose Veins Treatment Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  7. Competitive Landscape
    • Company Profiles
      • AngioDynamics, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Syneron Medical Ltd.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Dornier Medtech GmbH
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Alma Lasers Ltd.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Alna-Medicalsystem GmbH
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • LSO Medical
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • WONTECH Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Intros Medical Laser GmbH
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Energist Ltd
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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