The global varicoseveins treatment devices market is expected to reach USD 1,715.6 million by 2025,
according to a new report by Grand View Research, Inc. The growth in
investments by the companies in the industry to develop innovative and
effective products is likely to increase the market growth over the forecast
period.
Varicose
veins can be unsightly and can lead to considerable discomfort in some cases.
Available treatments for varicose veins have improved since the last few years.
Various healthcare providers are offering minimally invasive techniques such as
radiofrequency ablation and laser therapies.
Due
to the risk of infections associated with invasive surgeries, surgical vein
stripping methods have been replaced by noninvasive procedures. Schlerotherapy
is the most popular and used as a first-line of treatment for varicose veins
among endovenous ablation and surgical stripping.
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Research Report On Varicose Veins Treatment Devices
Market Analysis:
www.grandviewresearch.com/industry-analysis/varicose-veins-treatment-devices-market
www.grandviewresearch.com/industry-analysis/varicose-veins-treatment-devices-market
Further Key Findings From the Report
Suggest:
·
Sclerotherapy dominated the
market in the year 2017 due to its advantages including no scarring; no need
for anesthesia; no need for hospital admission; simple follow-up treatments;
and favorable reimbursement policies
·
In the U.S., Medicare provides
coverage to the patients undergoing sclerotherapy treatment for varicose veins,
which can increase its adoption by the care providers and especially by the
patients
·
Medtronic announced that new
CPT codes may aid in getting positive coverage for its VenaSeal closure device
from public and private insurers in the U.S. in November 2017
·
Endovenous ablation segment is
anticipated to witness the fastest growth over the forecast period as it is
preferred over the conventional procedures such as surgical stripping and
ligation
·
North America dominated the
market in terms of revenue share in the year 2017 as about 30 million Americans
suffer from varicose vein each year
·
In May 2016, Navarro opened a
vein center in the U.S. with a vision to educate the community about chronic
venous insufficiency & varicose veins and the proper treatment for varicose
veins
·
Asia Pacific is expected to be
the fastest-growing market segment in the coming years due to rising awareness
about minimally invasive and noninvasive procedures, rising disposable income
levels, and large base of geriatric population
·
Some of the key market players
are AngioDynamics, Inc.; Medtronic plc; Syneron Medical Ltd.; Biolitec AG;
Lumenis Ltd.; Energist Group; Eufoton srl; and Teleflex, Inc.
·
Development of innovative
products, commercialization, and availability of reimbursements for the product
are some of the strategies undertaken by the market players to strengthen their
position in the market
·
In addition, market players
acquire other vascular businesses to boost their own product portfolio and
overall revenue. For instance, Teleflex acquired Vascular Solutions, Inc. in
2017
·
Some of the market players play
a role of distributors by purchasing products from core manufacturers. For
instance, AngioDynamics, Inc. purchased Asclera from Merz in March 2016
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Category By Grand View Research At: www.grandviewresearch.com/industry/medical-devices
Grand View Research has
segmented the varicose veins treatment devices market based on type and region:
Type
Outlook (Revenue, USD Million; 2014 - 2025)
·
Endovenous Ablation
·
Sclerotherapy
·
Surgical Ligation &
Stripping
Regional
Outlook (Revenue, USD Million; 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
o
South Africa
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
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