Varicose Veins Treatment Market to Attract Revenues Worth USD 2.4 Billion by 2031 at 4.8% CAGR – Report by Transparency Market Research Inc.
The global varicose veins treatment industry was valued at US$ 1.5 Billion in 2021 and is expected to register a stable CAGR of 4.8% from 2022 to 2031.
Wilmington, Delaware, United States, Transparency Market Research, Inc. , Aug. 19, 2024 (GLOBE NEWSWIRE) — The varicose veins treatment market size (정맥류 치료 시장) is expected
Increase in prevalence of risk-associated conditions such as obesity and cardiovascular diseases, availability of well-developed healthcare systems and advanced medical technology, and rise in awareness about varicose veins and their treatment options among both healthcare providers and patients are driving the varicose veins treatment market share of North America.
- In September 2021, NCBI or National Centre for Biotechnology Information study stated that over 3.7 million people in Canada were living with varicose veins.
- Asia Pacific is projected to record steady market development during the forecast period. Rise in prevalence of varicose veins, increase in development of healthcare infrastructure, and growth in elderly population are anticipated to bolster the varicose veins treatment market demand in the region.
Leading Players in Global Varicose Veins Treatment Industry
Key market players are continuously investing in R&D activities to introduce innovative products to sustain themselves. They are also investing in the latest advancements in treatment options to help eliminate the condition or reduce the appearance of varicose veins.
AngioDynamics, Inc., Boston Scientific Corporation (BTG International Inc.), DJO, LLC (Enovis Corporation), Essity Aktiebolag (publ) (BSN Medical), F Care Systems NV, Medtronic plc, Miravas (IPSA Group), Mylan N.V. (Viatris, Inc.), SIGVARIS Group, Teleflex Incorporated, VVT Medical, and WONTECH Co., Ltd. are the prominent players operating in the global varicose veins treatment landscape.
Key Developments
- In July 2024, India Medtronic Private Limited, a subsidiary of Medtronic plc, and SWIZTON Medcare entered into a partnership agreement to open vein clinics in India. Through the partnership, the companies aim to provide advanced and specialized treatment options for varicose veins across the country.
- In April 2024, VVT Medial, a developer, manufacturer, and distributor of minimally invasive, non-thermal, and non-tumescent solutions for the treatment of varicose veins, announced the completion of GMP certification and registration of novel non-thermal, anesthesia-free treatment for varicose veins
Such advancements are anticipated to provide impressive results in effectively treating varicose veins.
Varicose Veins Treatment Market Segmentation
Product
- Ablation Devices
- Radiofrequency Ablation/Thermal Ablation
- Laser Ablation Devices
- Ultrasound Ablation Devices
- Catheters/Kits for Sclerotherapy & Adhesion Injection
- Compression Devices/Garments
- Others
Treatment Type
- Endovenous Ablation
- Sclerotherapy/Adhesion Injection
- Ligation/Stripping
- Supportive Treatment
Disease Type
- Greater Saphenous Varicose Veins
- Small Saphenous Varicose Veins
- Others
End-user
- Hospitals & Ambulatory Surgical Centers
- Specialty Clinics
- Others
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