Varicose Vein Treatment Market Poised for Robust CAGR of over 6.4% through 2026

Varicose Vein Treatment Market: Global Industry
Analysis and Opportunity Assessment, 2016–2026
May 2017
Report Id : REP-GB-2538
Status : Apr-2017
Category : Healthcare, Pharmaceuticals & Medical Devices
©2015 Future Market Insights, All Rights Reserved
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Varicose Vein Treatment Market
Varicose Vein Treatment Market Poised for Robust CAGR of over 6.4% through 2026
Unattended varicose veins can cause one severe pain through swelling, ulceration, venous eczema, and
lipodermatosclerosis. Treating them through appropriate measures becomes quite crucial. One may opt
for non-surgical remedies such as sclerotherapy, leg elevation, or alternative invasive techniques such as
endovenous laser treatments. Collectively, these therapies can be addressed as varicose vein treatments,
medically-practiced in all parts of the world. The demand for such varicose vein treatments is expected to
grow in the years to come.
Future Market Insights recently conducted its forecast study on the global market for varicose vein
treatments, estimating the market’s current value at just over US$ 500 Mn. The report, titled “Varicose
Vein Treatment Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” projects
that rising prevalence of obesity will fuel the incidence rate of varicose veins in the world. Occurrence of
varicose vein is medically-proven to be higher among obese people. Along with this, the demand for
varicose vein treatments is also expected to grow on the account of effectiveness of the treatments,
utilisation of user-friendly devices, and growing emphasis of medical practitioners on ensuring patient
safety during critical treatment of varicose veins. Towards the end of 2026, the global market for varicose
vein treatment will have reached value of US$ 931.4 Mn, registering a robust growth at 6.4% CAGR.
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Varicose Vein Treatment Market
Varicose Vein Treatments: Market Opportunities
Backed with strong clinical evidence, endovenous laser ablation devices are more popular to treat
varicose veins. However, compared to other procedures such as foam fillers, vein stripping costs, and
blast with electricity, endscopic variceal ligation (EVL) is a costlier treatment alternative. Launch of costeffective EVL devices will work as a favourable opportunity for new entrants as well as existing players in
the market. Decreasing the procedure costs and enhancing the adoption of affordable devices will
cumulatively boost the adoption of varicose vein treatments.
Among the wide variety of endovenous laser ablation devices available in the market, some of them may
lead to complications such as thrombophlebitis, nerve damage, burns and deep vein thrombosis
conditions. There is a potential opportunity for endovenous laser ablation device manufacturers to tap
the larger market by offering competitive products that cause lesser complications.
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APEJ Varicose Vein Treatment Market to Record Speedy Growth
Apropos the report, more than 40% of the market revenues will remain concentrated in North America,
throughout the forecast period. By 2026-end, North America’s varicose vein treatment market will have
reached a value of US$ 420 Mn. US-based AngioDynamics, Inc.
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Varicose Vein Treatment Market
will be observed as a key player in the market during this period. In terms of revenue growth, the
varicose vein treatment market in Asia-Pacific excluding Japan (APEJ) region is projected to be at the
forefront. By exhibiting 7% CAGR, the APEJ varicose vein treatment market will witness active
participation of Korean medical device manufacturer, Wontech Co., Ltd. Apart from these, Syneron
Medical Ltd., Dornier MedTech GmbH, Alma Lasers Ltd., Alna-Medicalsystem GmbH, LSO Medical,
Energist Ltd. and intros Medical Laser GmbH are other companies partaking in the growth of global
varicose vein treatment market.
The report further reveals that hospitals and ambulatory surgical centres as end-users will account for
larger share of global revenues, while specialised clinics will register fastest revenue growth at 7.2%
CAGR. The report also identifies endovenous laser treatment as the dominant varicose vein treatment in
the market, procuring revenues worth over US$ 500 Mn by end of 2026.
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Table of Content
1. Executive Summary
2.Varicose Vein Treatment Market Introduction
2.1.Market Definition
2.2.Market Taxonomy
3.Varicose Vein Treatment Market Analysis Scenario
3.1.Pricing Analysis
3.1.1.Pricing Assumptions
3.1.2.Price Projections Per Region
3.2.Market Size (US$ Mn) and Forecast
3.2.1.Market Size and Y-o-Y Growth
3.2.2.Absolute $ Opportunity
4.Varicose Vein Treatment Market Dynamics
4.1.Macro-economic Factors
4.2.Drivers
4.2.1.Supply Side
4.2.2.Demand Side
4.3.Restraints
4.4.Opportunities
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Table of Content
4.5.Varicose Vein Treatment Market Trends
5.Varicose Vein Treatment Market Analysis and Forecast, By Treatment
5.1.Introduction
5.1.1.Basis Point Share (BPS) Analysis By Treatment
5.1.2.Y-o-Y Growth Projections By Treatment
5.2.Varicose Vein Treatment Market Size (US$ Mn) Forecast By Treatment
5.2.1.Endovenous Laser Systems
5.2.1.1.Diode Lasers
5.2.1.2.Yag Lasers
5.2.2.Endovenous Laser Fibers
5.2.2.1.Bare Tip Laser Fibers
5.2.2.2.Radial Tip Laser Fibers
5.2.2.3.Gold-Tip Laser Fibers
5.2.3.Varicose Vein Treatment
5.2.3.1.Non-thermal Ablation
5.2.3.2.Radiofrequency Ablation
5.2.3.3.Sclerotherapy
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Table of Content
5.3.Market Attractiveness Analysis By Treatment
6.Global Varicose Vein Treatment Market Analysis and Forecast, By End User
6.1.Introduction
6.1.1.Basis Point Share (BPS) Analysis By End User
6.1.2.Y-o-Y Growth Projections By End User
6.2.Varicose Vein Treatment Market Size (US$ Mn) Forecast By End User
6.2.1.Hospitals
6.2.2.Ambulatory Surgical Centers
6.2.3.Specialized Clinics
6.3.Varicose Vein Treatment Market Attractiveness Analysis By End User
7.Global Varicose Vein Treatment Market Analysis and Forecast, By Region
7.1.Introduction
7.1.1.Basis Point Share (BPS) Analysis By Region
7.1.2.Y-o-Y Growth Projections By Region
7.2.Varicose Vein Treatment Market Size (US$ Mn) Forecast By Region
7.2.1.North America
7.2.2.Latin America
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Table of Content
7.2.3.Western Europe
7.2.4.Eastern Europe
7.2.5.Asia Pacific Excl. Japan (APEJ)
7.2.6.Japan
7.2.7.Middle East and Africa (MEA)
7.3.Varicose Vein Treatment Market Attractiveness Analysis By Region
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