Global Endovenous Laser Therapy Market, by Product Type (Endovenous Laser Systems (Diode Lasers and Yag Lasers) and Endovenous Laser (Fibers Bare Tip Laser Fibers, Radial Tip Laser Fiber and Gold tip Laser Fiber)), By End user (Hospitals, Ambulatory Surgical Centers and Specialty Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 432.1 Million in 2023 and is expected to exhibit a CAGR of 7.5% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
Key market players are focused on adopting growth strategies such as acquisition and partnerships, which will drive the Global Endovenous Laser Therapy market. For instance, in September 2020, AngioDynamics is medical technology company, announced Commercial Launch of Auryon Atherectomy System to remove some amount of plaque or other material from an atherosclerotic vessel. Next Generation of Peripheral Atherectomy Technology in laser system in the U.S.
Global Endovenous Laser Therapy Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019 as "coronavirus disease 2019" or COVID-19. This virus spread quickly and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries such as India, China, Brazil, and others faced problems with regard to the transportation of drugs from one place to another.
COVID-19 had a positive impact on the Global Endovenous Laser Therapy market. For instance, in May 2020, according to article published in BMC Nursing, in February 2020, reported varicose veins are considered one of the most common chronic venous disorders, affecting 20-60% of all adults globally. Varicose veins and its risk factors among nurses at Dhulikhel hospital: a cross sectional study.
Global Endovenous Laser Therapy Market: Key Developments
Additionally, workshops and seminars related to venous vein across the world to endovenous laser therapy promote are expected to boost market growth during the forecast period.
For instance, in December 2021, Surekha Training Centre is Varicose Veins Clinic in india, organized workshop on Training for General Surgeons in Laser Treatments of Varicose Veins in that the delegate was spend an entire day at the vein clinic observing live procedures, hands on opportunity and interacted with the faculty.
In March 2021, Medtronic plc, a U.S.-based medical device company, launched an Investigation Device Exemption (IDE) study to determine the effectiveness and safety of the Abre venous self-expanding stent system to be used in the treatment of deep venous diseases. Around 200 subjects are likely to be enrolled in this study across 35 locations throughout the U.S. and Europe.
Browse 34 Market Data Tables and 26 Figures spread through 176 Pages and in-depth TOC on “Global Endovenous Laser Therapy Market”- Forecast to 2030, Global Endovenous Laser Therapy Market, by Product Type (Endovenous Laser Systems (Diode Lasers and Yag Lasers) and Endovenous Laser (Fibers Bare Tip Laser Fibers, Radial Tip Laser Fiber and Gold tip Laser Fiber)), By End user (Hospitals, Ambulatory Surgical Centers and Specialty Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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Key Takeaways of the global endovenous laser therapy market :