Varicose Vein Treatment Market Size, Share, Leading Players and Analysis up to 2026
March 30, 2022
Stratview Research has recently added a new report titled Varicose Vein Treatment Market to its collection. The report studies vital factors about the market that are essential for existing players as well as new market entrants. The report throws light on the critical elements such as market share, profitability, supply chain, production, sales, upcoming technologies, key market players, regional segmentation, and many more aspects related to the Varicose Vein Treatment Market.
The years considered in this report to estimate the market size of the market are:
• History Year: 2016-2019
• Forecast Year: 2021 to 2026
The key players covered in this report are –
- Candela Medical (Syneron Medical Ltd) (US)
- Medtronic PLC (Ireland)
- Boston Scientific (Lumenis Corporation) (US)
- El. En SpA Group (Quanta System) (Italy)
- Teleflex Incorporated (US)
- Eufoton SRL (Italy)
- Biolitec AG (BioMed Technology Holdings Ltd) (Germany)
- AngioDynamics Inc. (US)
- Alma Lasers Ltd (Israel)
- Sciton Inc. (US)
Market Highlights
The Varicose Vein Treatment market is projected to grow from USD 258.3 million in 2020 to USD 387.6 million by 2026 at a CAGR of over 7.2% during the forecast period. The surging demand for minimal invasion techniques as well as the increasing geriatric population is are likely to augment the industry growth. Moreover, economically favorable treatment and excluded use of anesthesia further boost the demand for varicose vein treatment. In addition, less time consumption with efficient results, strong R&D investments, and technological advancements are likely to offer lucrative opportunities to the market players in the coming years.
Segment-wise analysis
Based on product, the varicose vein treatment market has been classified into laser & RF ablation, venous closure, and surgical. Under these, the laser & RF ablation segment held the largest market share in 2020 and is likely to grow at a considered CAGR during the forecast period. Laser ablation treatment does not include lengthy hospital stays or discomfort during the recovery process that offers considerable benefits to the patients who are treated for varicose veins, thus bolstering the segment growth.
By region, the North American market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. Rising healthcare expenditure, favorable reimbursement scenario, as well as a growing number of product approvals is likely to boost the market growth in the region. Also, well-established healthcare systems allow the easy availability of products, thereby augmenting the regional market growth.
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The main steps in the investigation process are:
- Stratview Research has gathered the raw data from industry experts and direct research analysts using primary and secondary sources.
- The experts also classify the information obtained by qualitative and quantitative data to place it in a proper way to make final conclusions.
- This report also provides market intelligence and throws light on critical insights into the market dynamics.
The information gathered in the report enables strategic decision making for the existing players as well as those willing to enter the market. The report contains growth drivers and constraints, market trend and forecast analysis, market segment trend, competitive landscape and dynamics, attractive market segments and associated growth opportunities, etc.
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