Global Varicose Vein Treatment Devices Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Global Varicose Vein Treatment Devices Market is estimated to be USD 1.48 Bn in 2023 and is expected to reach USD 2.53 Bn by 2028 growing at a CAGR of 11.22%.

Market Dynamics

According to the study published in BMC Nursing 2020, around 20 to 60% of adults are affected by common chronic venous disorders globally. The varicose vein is a genetic disease, thus increasing the risk of the development of the disease. The increasing prevalence of obesity, heart diseases, and rising alcoholic consumption has further increased the risk of varicose veins disease. Growing awareness for minimally invasive procedures, increasing geriatric population, increasing healthcare expenditure have fueled the market growth. Major company players are investing in developing technologically advanced varicose vein treatment devices that are anticipated to offer remunerative growth opportunities for the player operating in the market.

However, the high cost and risk associated with the varicose vein treatment are anticipated to hinder the market growth.

Market Segmentation

• The Global Varicose Vein Treatment Devices Market is segmented further based on Treatment Type, Product, and Geography.
• By Treatment Type, the market is classified into Injection Sclerotherapy, Endovenous Ablation, and Surgical Ligation/Stripping. Amongst all, the Injection Sclerotherapy segment is estimated to hold the highest market share during the forecast period.
• By Product, the market is classified as ablation devices, venous closure products, and surgical products. Amongst all, the ablation devices segment is estimated to hold the highest market share during the forecast period.
• By Geography, North America is projected to lead the market.

Recent Developments

1. THERACLION, an innovative company specialized in echotherapy treatment, obtained CE Mark for the second generation of SONOVEIN®, its HIFU treatment solution for varicose veins. - 15th October 2020.
1. Mumbai-based The Vein Center has partnered with Apollo Clinic for providing OPD and ultrasound examination services to patients of Apollo Clinic. The tie-up will provide patients access to the right solutions from the experts for dealing with the growing lifestyle disease of varicose veins. - 5th February 2020.
2. Biolitec AG launched Biolitec Phlebology App on Varicose Veins for vascular surgeons, phlebologists, and dermatologists for the exchange of experiences on therapies with colleagues in the Physicians Forum. - 3rd February 2020.

Company Profiles

Some of the companies covered in this report Won Tech Co., Ltd, Dornier MedTech GmbH, Syneron Medical Ltd., Medtronic Plc, Lumenis Corporation, Quanta System, Teleflex Incorporated, Energist Ltd, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Varicose Vein Treatment Devices Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market