In a recent published report, Kenneth Research has updated the market report for Varicose Vein Treatment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Varicose Vein Treatment Market products.
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Varicose Vein Treatment Market By Types (Endovenous Ablation, Sclerotherapy, Surgical Ligation & Stripping), By End-users (Hospitals, Ambulatory Surgical Centers, Physician’s Office), By Regions (North America, Europe, Asia Pacific, Rest of the World) – Global Forecast up to 2025
This market research report includes a detailed segmentation of the global varicose vein treatment market by type (endovenous ablation, sclerotherapy, surgical ligation & stripping); by end-user (hospitals, ambulatory surgical centers, physician’s office); by region (North America, Europe, Asia Pacific, Rest of the World).
Overview of the Global Varicose Vein Treatment Market
Kenneth’s market research report predicts that the “global varicose vein treatment market” will grow at a CAGR of ~6.0% during the forecast period 2019–2025. The treatment methods for varicose veins have transformed over the time due to recent alertness of cosmetic contemplations & the way they can disturb the superiority of life along with the advancements of innovative treatments & ambulatory care services. Varicose veins worry over 40 million individuals in the US, with about 50% of varicose vein patients having a family history.
Increasing prevalence of varicose veins and growing geriatric population are among the major factors driving the growth of the market. However, the high cost of treatment procedure and lack of skilled professionals are hampering the growth of the market.
The majority of the revenue is generated from the leading players in the market with dominant sales from Syneron, AngioDynamics, biolitec AG, Energist Group, Medtronic Plc, and Sciton Inc.
According to the analysis, North America accounted for the largest share of the global varicose vein treatment market in 2018. The Asia Pacific region is expected to witness the fastest growth rate due to large patient pool, increase in the number of surgeries, and rising healthcare expenditure.
By Type:
*Endovenous Ablation
*Sclerotherapy
*Surgical Ligation & Stripping
Sclerotherapy held the largest share in the global varicose vein treatment market in 2018. The market is likely to shift toward the non-invasive treatment technique during the forecast period 2019–2025.
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By End-user:
*Hospitals
*Ambulatory Surgical Centers
*Physician’s Office
The hospitals segment holds a significant share among other end-users in the market and is also the fastest-growing segment during the forecast period 2019–2025.
By Region:
*North America
*Europe
*Asia Pacific
*Rest of the World
North America dominated the global varicose vein treatment market in 2018. The significant share of the North American region comes from the US, owing to the accessibility to good quality healthcare and excellent reimbursement facilities.
Varicose Vein Treatment Market Research Competitive Analysis – Surgical procedures for varicose veins are likely to experience significant changes in the foreseeable future; non-invasive alternatives have mainly overtaken surgery. In the recent past, the preference for non-invasive surgery has accelerated due to the possibility of infections involved with invasive surgery. High-intensity focused ultrasound is one of the latest treatment options for varicose veins and venous reflux disease. This innovative technology has been used for non-invasive tissue ablation in other therapeutic instances, and hence, there is a strong possibility of it being effective in veins.
Key Vendors:
*Syneron
*AngioDynamics
*biolitec AG
*Energist Group
*Medtronic Plc
*Sciton Inc.
Key Competitive Facts
*The market is shifting toward less invasive procedures for the treatment of varicose veins.
*The varicose vein treatment cost is high and the reimbursement scenario is very inconsistent.
Benefits – The report provides complete details about the sub-segments of the varicose vein treatment market. Through this report, the key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and government initiatives toward the disease management in the upcoming years along with details of the existing pure-play companies and new players entering the market. Moreover, the report provides details about the major challenges that are going to impact the market growth. Additionally, the report gives complete details about the key business opportunities to key stakeholders in order to expand their business and capture the revenue in specific verticals, and to analyze before investing or expanding the business in this market.
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Key Takeaways:
*Understanding the potential market opportunity with precise market size and forecast data.
*A detailed market analysis focusing on the growth of the industry.
*Factors influencing the growth of the varicose vein treatment market.
*In-depth competitive analysis of dominant and pure-play vendors.
*Prediction analysis of the varicose vein treatment market in both developed and developing regions.
*Key insights related to major segments of the varicose vein treatment market.
*Latest market trend analysis impacting the buying behavior of the consumers.
Table of Contents
1 Industry Outlook
1.1 Industry Overview
1.2 Total Addressable Market
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Market Definition – Infoholic Research
3.2 Segmented Addressable Market
3.3 Industry Trends
3.4 Related Markets
3.4.1 Ablation Devices
4 Market Outlook
4.1 Market Segmentation
4.2 Porter 5 (Five) Forces
5 Market Characteristics
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Rising prevalence of varicose veins
5.1.1.2 Increase in the elderly population
5.1.2 Restraints
5.1.2.1 High cost of the treatment procedure
5.1.2.2 Lack of skilled professionals
5.1.3 Opportunities
5.1.3.1 Increasing healthcare spending
5.1.3.2 Raising patient awareness regarding the treatment
5.1.3.3 Market expansion opportunities in emerging nations
5.1.4 DRO – Impact Analysis
5.2 Key Stakeholders
6 Types: Market Size and Analysis
6.1 Overview
6.2 Endovenous Ablation
6.3 Sclerotherapy
6.4 Surgical Ligation and Stripping
7 End-users: Market Size and Analysis
7.1 Overview
7.2 Hospitals
7.3 Ambulatory Surgical Centers
7.4 Physician’s Clinics
8 Regions: Market Size and Analysis
8.1 Overview
8.2 North America
8.2.1 Overview
8.3 Europe
8.3.1 Overview
8.4 Asia Pacific
8.4.1 Overview
8.5 Rest of the World
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