The newly launched report by Stratview Research, titled ‘Varicose Vein Treatment Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2028’ has been bifurcated By Product (Laser RF Ablation, Venous Closure, Surgical), By Treatment Type (Endovenous Ablation, Injection Sclerotherapy, Surgical Ligation/Stripping), and Region.
According to the report the Varicose Vein Treatment market is projected to grow from USD 276.89 million in 2021 to USD 451.9 million by 2028 at a CAGR of over 7.12% during the forecast period.
Market Segmentation 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 the key players in the 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)
Research Methodology
Stratview Research's reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.
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