The Canada varicose vein treatment devices market size is expected to reach USD 77 million by 2028, registering a CAGR of 6.6% over the forecast period, according to a new report by the publisher. The high prevalence of varicose veins due to risk factors, such as pregnancy, sedentary lifestyle, obesity, and physical activities like standing for longer durations is expected to drive the market growth.
However, the COVID-19 pandemic has negatively impacted the market as all non-urgent elective procedures, including varicose veins treatment surgeries, were postponed. Manufacturers operating in the market witnessed a decline in their revenues. The public healthcare system of Canada emphasizes more on conservative management of varicose veins rather than surgical procedures.
Canada Varicose Vein Treatment Devices Market Report Highlights
- Canada has been witnessing a surge in the number of varicose veins cases in recent years
- According to the Canadian Society of Vascular Surgery, around 50% of people with varicose veins are aged 50 years and above
- Overall, 3.7 million people in Canada suffer from varicose veins and women are at a higher risk than men
- The sclerotherapy type segment accounted for the largest market share in 2020
- The growth is credited to the high adoption of this treatment due to the advantages, such as no need for anesthesia, no scarring, simple follow-up treatments, and no need for hospital admission
- The endovenous ablation segment is anticipated to witness the fastest CAGR over the forecast period as this treatment is preferred over conventional procedures, such as surgical stripping and ligation
- The hospital end-use segment held a major share of the market in 2020 owing to the well-established healthcare infrastructure in Canada
- Product development, supply agreements with hospitals & clinics, and acquisitions are some of the strategic initiatives being undertaken by key market players to gain a higher market share
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| Report Attribute | Details |
|---|---|
| No. of Pages | 74 |
| Published | September 2021 |
| Forecast Period | 2020 - 2028 |
| Estimated Market Value ( USD | $ 48 Million |
| Forecasted Market Value ( USD | $ 77 Million |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Canada |
| No. of Companies Mentioned | 9 |
Table of Contents
Chapter 1 Report Scope and Objectives
1.1 Market Segmentation & Scope
1.1.1 Estimates And Forecast Timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal database
1.3.3 Secondary Sources
1.3.4 Primary Research
1.3.5 Details Of Primary Research
1.4 Information or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
1.6.1 Volume Price Analysis
1.7 List of Secondary Sources
1.8 List of Abbreviations
1.9 Objectives
1.9.1 Objective 1
1.9.2 Objective 2
1.9.3 Objective 3
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.2.1 Type
2.2.2 End Use
2.3 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Related/Ancillary Market Outlook
3.2 Fetal and Neonatal Care Equipment Market Dynamics
3.2.1 Market Driver Analysis
3.2.1.1 Increasing prevalence of varicose veins
3.2.1.2 Increasing demand for minimally invasive surgeries
3.2.2 Market Restraint Analysis
3.2.2.1 Low awareness about varicose vein treatment
3.2.2.2 Adverse effects of varicose vein procedures & lack of skilled professional
3.3 Business Environment Analysis Tools
3.3.1 Pestle Analysis
3.3.1.1 Political & legal
3.3.1.2 Economic & Social
3.3.1.3 Social
3.3.1.4 Technological
3.3.2 Porter’s Five Forces Analysis
3.3.2.1 Threat of new entrants: high
3.3.2.2 Bargaining power of buyers: high
3.3.2.3 Competitive rivalry: high
3.3.2.4 Threat of substitutes: moderate
3.3.2.5 Bargaining power of suppliers: moderate
3.4 Penetration & Growth Prospect Mapping
3.5 Impact of COVID-19: Qualitative Analysis
3.6 Reimbursement Scenario
3.7 Pricing Analysis
3.7.1 Average Cost Of Devices
3.7.2 Average Cost Of Procedures
Chapter 4 Canada Varicose Veins Treatment Devices Market: Type Analysis
4.1 Canada Varicose Veins Treatment Devices Type Market Share Analysis, 2020 & 2028
4.2 Canada Varicose Veins Treatment Devices Type Market: Segment Dashboard
4.3 Market Size & Forecasts and Trend Analysis, 2016 to 2028 for the Type Segment
4.3.1 Endovenous Ablation
4.3.1.1 Endovenous ablation market, 2016 - 2028 (USD Million)
4.3.1.2 Endovenous laser ablation
4.3.1.2.1 Endovenous laser ablation market, 2016 - 2028 (USD Million)
4.3.1.3 Radiofrequency Ablation
4.3.1.3.1 Radiofrequency ablation market, 2016 - 2028 (USD Million)
4.3.2 Sclerotherapy
4.3.2.1 Sclerotherapy market, 2016 - 2028 (USD Million)
4.3.3 Surgical Ligation And Stripping
4.3.3.1 Surgical ligation and stripping market, 2016 - 2028 (USD Million)
Chapter 5 Canada Varicose Veins Treatment Devices Market: End Use Analysis
5.1 Canada Varicose Veins Treatment Devices End Use Market Share Analysis, 2020 & 2028
5.2 Canada Varicose Veins Treatment Devices End Use Market: Segment Dashboard
5.3 Market Size & Forecasts and Trend Analysis, 2016 to 2028 for the End Use Segment
5.3.1 Ambulatory Care Unit
5.3.1.1 Ambulatory care unit market, 2016 - 2028 (USD Million)
5.3.2 Vein Clinics
5.3.2.1 Vein clinics market, 2016 - 2028 (USD Million)
5.3.3 Hospitals
5.3.3.1 Hospitals market, 2016 - 2028 (USD Million)
Chapter 6 Competitive Landscape
6.1 Recent Developments & Impact Analysis, By Key Market Participants
6.2 Company/ Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
6.3 Company Market Position Analysis, 2020
6.4 Company Profiles
6.4.1 ANGIODYNAMICS
6.4.1.1 Company overview
6.4.1.2 Financial performance
6.4.1.3 Product benchmarking
6.4.1.4 SWOT analysis
6.4.2 MEDTRONIC
6.4.2.1 Company overview
6.4.2.2 Financial performance
6.4.2.3 Product benchmarking
6.4.2.4 Strategic initiatives
6.4.2.5 SWOT analysis
6.4.3 TELEFLEX INCORPORATED
6.4.3.1 Company overview
6.4.3.2 Financial performance
6.4.3.3 Product benchmarking
6.4.3.4 Strategic initiatives
6.4.3.5 SWOT analysis
6.4.4 SCITON, INC.
6.4.4.1 Company overview
6.4.4.2 Financial performance
6.4.4.3 Product benchmarking
6.4.5 BIOLITEC AG
6.4.5.1 Company overview
6.4.5.2 Financial performance
6.4.5.3 Product benchmarking
6.4.5.4 Strategic initiatives
6.4.6 DORNIER MEDTECH
6.4.6.1 Company overview
6.4.6.2 Financial performance
6.4.6.3 Product benchmarking
6.4.7 MERIT MEDICAL SYSTEMS
6.4.7.1 Company overview
6.4.7.2 Financial performance
6.4.7.3 Product benchmarking
6.4.7.4 Strategic initiatives
6.4.7.5 SWOT analysis
6.4.8 ALMA LASERS
6.4.8.1 Company overview
6.4.8.2 Financial performance
6.4.8.3 Product benchmarking
6.4.9 BOSTON SCIENTIFIC CORPORATION
6.4.9.1 Company overview
6.4.9.2 Financial performance
6.4.9.3 Product benchmarking
6.4.9.4 Strategic initiatives
6.4.9.5 SWOT analysis
List of Tables
Table 1 List of secondary sources
Table 2 List of abbreviation
Table 3 Average cost of devices
Table 4 Average cost of procedures
Table 5 Canada varicose vein treatment devices market, by type, 2016 - 2028 (USD Million)
Table 6 Canada endovenous ablation devices market, by type, 2016 - 2028 (USD Million)
Table 7 Canada varicose vein treatment devices market, by end use, 2016 - 2028 (USD Million)
List of Figures
Figure 1 Canada varicose veins treatment devices market segmentation
Figure 2 Market research process
Figure 3 Data triangulation techniques
Figure 4 Primary research pattern
Figure 5 Market research approaches
Figure 6 Value-chain-based sizing & forecasting
Figure 7 QFD modeling for market share assessment
Figure 8 Market formulation & validation
Figure 9 Market outlook, 2020 (USD Million)
Figure 10 Market trends & outlook
Figure 11 Market driver relevance analysis (Current & future impact)
Figure 12 Market restraint relevance analysis (Current & future impact)
Figure 13 Penetration & growth prospect mapping
Figure 14 Canada varicose veins treatment devices type market share analysis, 2020 & 2028 (USD Million)
Figure 15 Canada varicose veins treatment devices type market: Segment dashboard
Figure 16 Endovenous ablation market, 2016 - 2028 (USD Million)
Figure 17 Endovenous laser ablation market, 2016 - 2028 (USD Million)
Figure 18 Radiofrequency ablation market, 2016 - 2028 (USD Million)
Figure 19 Sclerotherapy market, 2016 - 2028 (USD Million)
Figure 20 Surgical ligation and stripping market, 2016 - 2028 (USD Million)
Figure 21 Canada varicose veins treatment devices end use market share analysis, 2020 & 2028 (USD Million)
Figure 22 Canada varicose veins treatment devices end use market: Segment dashboard
Figure 23 Ambulatory care unit market, 2016 - 2028 (USD Million)
Figure 24 Vein clinics market, 2016 - 2028 (USD Million)
Figure 25 Hospitals market, 2016 - 2028 (USD Million)
Figure 26 Impact analysis by key market participants
Figure 27 Strategy framework / Competition categorization
Companies Mentioned
- ANGIODYNAMICS
- MEDTRONIC
- TELEFLEX INCORPORATED
- SCITON, INC.
- BIOLITEC AG
- DORNIER MEDTECH
- MERIT MEDICAL SYSTEMS
- ALMA LASERS
- BOSTON SCIENTIFIC CORPORATION
Methodology
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