The global varicose veins 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surgical vein stripping methods have been replaced by noninvasive procedures.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.
Full
Research Report On Varicose Veins Treatment Devices Market Analysis:
https://www.grandviewresearch.com/industry-analysis/varicose-veins-treatment-devices-market
https://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
View More Reports
Of This Category By Grand View Research At: https://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
View
Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-varicose-veins-treatment-devices-market
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
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
