Varicose Vein Treatment Devices Market Growth Accelerated by Increasing Prevalence of Varicose Veins
Varicose vein treatment devices are used for the effective treatment of varicose veins without surgery. Varicose veins are swollen and twisted veins that look blue and are close to the surface of the skin. The increasing prevalence of varicose veins due to sedentary lifestyle and obesity is driving the growth of varicose vein treatment devices market.
Market key trends:
Increasing popularity of minimally invasive varicose vein treatment procedures is one of the key trends being witnessed in the varicose vein treatment devices market. Minimally invasive procedures such as endovenous laser ablation (EVLA), radiofrequency ablation (RFA) and cyanoacrylate glue closure are becoming popular alternatives to traditional vein stripping surgery due to benefits such as reduced pain, quicker recovery time and lower risk of complications. Especially EVLA and RFA have revolutionized the varicose vein treatment market as they can close larger veins through small incisions with minimal scarring. With growing awareness about effectiveness of minimally invasive varicose vein treatment devices, their demand is expected to increase significantly during the forecast period.
Segment Analysis
The global varicose vein treatment devices market is dominated by endovenous ablation devices sub-segment currently. These devices play an important role in ablation or removal of varicose veins in legs without necessity of surgical procedures. This helps in decreased risk of infection and faster healing time for patients. This propels their demand over traditional vein stripping surgeries globally.
Key Takeaways
The Global Varicose Vein Treatment Devices Market Demand is expected to witness high growth over the forecast period of 2024 to 2031.
Regional analysis reveals that North America region currently holds the largest share in the market supported by advanced healthcare infrastructure and availability of reimbursement for varicose vein treatment procedures. Europe follows behind in terms of market share due to high prevalence of varicose vein disease and presence of many key players. The Asia Pacific region is projected to exhibit highest growth rate during the forecast period driven by growing medical tourism, rising healthcare investments, and increasing obese population base.
Key players operating in the varicose vein treatment devices market are AngioDynamics Inc, Syneron Medical Ltd., Biolitec AG, Dornier MedTech GmbH, Energist Group, Eufoton srl, Teleflex Inc, Lumenis Ltd., Medtronic plc. AngioDynamics Inc leads current market with global footprint and broad product portfolio for varicose vein treatment including laser systems and radiofrequency ablation devices.
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