Global Varicose Veins Treatment Market Garnered Revenue Worth US$ 298.99 Mn in 2022; says Absolute Markets Insights
Global Varicose Veins Treatment Market is Projected to Gain CAGR of 6.56% From 2023- 2031
HOUSTON, TEXAS, UNITED STATES, July 12, 2023/EINPresswire.com/ -- Global Varicose Veins Treatment Market IntroductionVaricose veins are twisted and bulging veins which can form in any vein near the skin's surface (superficial), however they are most commonly observed in the legs. This is due to the increased pressure in the veins of the lower body caused by standing and walking. Varicose veins and spider veins, a frequent, mild form of varicose veins, are merely aesthetic concerns for many people. Varicose veins can cause agonizing pain and discomfort in others which can sometimes lead to more serious complications. Varicose veins vary in occurrence by region and can affect people of all ages. Varicose veins are now reported to afflict around 2%-73% of the global population. Age, gender, employment, pregnancy, family history, smoking, BMI and obesity, activity, genetic factor, and current lifestyle are all risk factors for the progression of varicose veins. Varicose veins has now become a treatable issue that was previously thought to be less crucial for treatment. Due to the innovations in the treatment a huge population suffering from varicose veins are now highly opting for minimal invasive treatments, which in turn is propelling the demand of varicose veins treatment market.
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Global Varicose Veins Treatment Market Trends
• Minimally Invasive Procedures: There has been a shift towards minimally invasive treatment options for varicose veins. Procedures such as endovenous laser ablation (EVLA), radiofrequency ablation (RFA), and sclerotherapy have gained popularity due to their effectiveness, shorter recovery times, and reduced post-operative complications compared to traditional surgical interventions.
• Combination Therapies: In some cases, combination therapies are being used to address varicose veins comprehensively. This may involve combining different treatment modalities, such as using sclerotherapy in combination with endovenous ablation techniques, to achieve optimal results.
• Technological Advancements: Advancements in medical technology have led to the development of innovative devices and techniques for varicose vein treatment. For example, the use of laser systems, radiofrequency devices, and improved sclerosants has expanded treatment options and improved outcomes.
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Global Varicose Vein Treatment Market Analysis
Sclerotherapy is the most widely used treatment for spider and varicose veins. In the varicose veins, a salt (saline) or chemical solution is injected. A sclerosant solution is injected into the vein, which destroys the interior lining of the vein and induces blood clotting within the vein. Sclerotherapy has been reported to cure troublesome veins in 75-90% of cases, however this usually needs many treatments. According to studies, each session of sclerotherapy can remove up to 50%-80% of injected veins. Only around 10% of persons who get sclerotherapy do not react to the injections. Different remedies can be tried in these cases. Spider veins often respond in three to six weeks, whereas bigger veins respond in three to four months. The veins will not recur if they react to the therapy. Hence due to visible promising results the global varicose veins treatment market is experiencing huge growth.
Global Varicose Veins Treatment Market Share in 2022, By Region
Asia Pacific region is anticipated to be the fastest growing region in the varicose veins treatment market during the forecast period. The incidence is higher in the Asian region compared to up to 30% in the Western world, possibly due to variables such as genetics, lifestyle, and environment. Varicose veins are rather frequent in Asia, and there is a sizable patient population looking for treatment alternatives. The varicose veins treatment market in Asia benefits from advancements in medical technology and minimally invasive procedures. Newer treatment modalities, such as endovenous laser ablation and radiofrequency ablation, are being increasingly adopted in the region. In 2021, THERACLION, a scalable robotic platform for noninvasive echotherapy that provides consistent, data-driven, and evidence-based patient care, completed the first varicose vein echotherapy treatment in China. Thus, with advancements in the treatments along with the rising awareness of varicose veins and their treatment options in Asian countries will support the growth of the overall global varicose veins treatment market.
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Global Varicose Veins Treatment Market Competitors
o Alma Lasers
o AngioDynamics
o BD
o biolitec AG
o Boston Scientific Corporation
o Lumenis
o medi GmbH & Co. KG
o Medtronic
o Sciton
o Teleflex Incorporated
o Theraclion
o VVT Medical
o Other Industry Participants
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Global Varicose Veins Treatment Market
By Type
o Trunk varicose veins/Saphenous varicose veins
o Reticular varicose veins
o Telangiectasia varicose veins/ Spider Veins
By Product Offerings
o Ablation Devices
o Catheters and Injections
o Venous Closure Systems
o Others
By Treatment
o Sclerotherapy
o Ligation and stripping
o Laser treatments
o Radiofrequency treatment
o Compression stockings
o Phlebectomy
By End Users
o Hospitals and Clinics
o Home care Providers
o Therapy Clinics
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By Region
o North America (U.S., Canada, Mexico, Rest of North America)
o Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
o Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
o Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
o Latin America (Brazil, Argentina, Rest of Latin America)
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