What is the Historic and Current Scenario of the Varicose Vein Treatment Devices Market?
The varicose vein treatment devices market has seen considerable growth due to a variety of factors.
• Recent years have seen a robust expansion in the market size of devices used for varicose vein treatment. The market is projected to swell from $1.31 billion in 2024, to attain a value of $1.43 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.0%.
The significant growth during the historic period can be credited to factors like an escalating aging populace, heightened awareness regarding varicose veins, a surge in demand for procedures that are minimally invasive, climbing healthcare expenditures, and an increasing occurrence of lifestyle-related diseases.
What Is The Expected Growth In The Varicose Vein Treatment Devices Market Size?
The varicose vein treatment devices market is expected to maintain its strong growth trajectory in upcoming years.
• The market for varicose vein treatment devices is anticipated to witness substantial growth in the upcoming years. The market valuation is predicted to reach a whopping $2.00 billion by 2029, at a compound annual growth rate (CAGR) of 8.8%.
Factors contributing to this growth during the declared period include growing public awareness, increased disposable incomes, the higher incidence of varicose veins, the broadening of healthcare facilities in developing markets, and an escalating obese population. Future trends during the stated period are expected to comprise a tilt towards outpatient treatments, utilization of laser and radiofrequency technologies, technological enhancements, growing embracement of ambulatory care centers, and a surge in the need for home-based treatment gadgets.
What Are The Core Factors Supporting Growth In Varicose Vein Treatment Devices Market?
An increasingly common occurrence of obesity is predicted to drive the expansion of the varicose veins treatment devices market in the future. Obesity, a medical condition marked by excessive accumulation of body fat, could lead to several severe health complications like diabetes, cardiovascular disorders, and joint issues. The escalating obesity rates are primarily fueled by a mix of unhealthy diet decisions, reduced physical activity, and environmental factors fostering poor eating habits. Socio-economic circumstances, genetic factors, and mental health further significantly augment the prevalence of this condition. Varicose veins treatment devices aid in enhancing the quality of life of obese individuals by easing vein-related issues, boosting blood flow, mitigating pain and swelling due to excessive weight, and facilitating improved mobility and overall vascular health. For example, the World Heart Foundation, a Switzerland-based global cardiovascular community organization, reported in March 2023 that approximately 2.3 billion adults and children globally are obese or overweight and this figure is forecasted to rise to 2.7 billion by 2025 with the ongoing obesity trend. Hence, the increasing presence of obesity is stimulating growth in the varicose veins treatment devices market.
What Are The Primary Segments In The Global Varicose Vein Treatment Devices Market?
The varicose vein treatment devices market covered in this report is segmented –
1) By Device Type: Ablation Devices, Venous Closure Products, Other Device Products
2) By Treatment Type: Sclerotherapy, Endovenous Ablation, Surgical Ligation And Stripping, Other Treatment Type
3) By Patient Type: Adults, Elderly
4) By End-User: Specialty Clinics, Hospitals, Ambulatory Surgical Services, Other End-Users
Subsegments:
1) By Ablation Devices: Radiofrequency Ablation (RFA) Devices, Laser Ablation Devices, Endovenous Laser Therapy (EVLT) Devices, Cryoablation Devices, Ultrasound-Guided Foam Sclerotherapy Devices
2) By Venous Closure Products: VenaSeal Closure System, ClariVein Closure System, Mechanical Endovenous Ablation Devices, Stenting Systems For Venous Closure
3) By Other Device Products: Sclerotherapy Kits, Varicose Vein Removal Lasers, Compression Therapy Devices, Surgical Instruments For Vein Stripping, Endovenous Laser Fibers
Pre-Book The Varicose Vein Treatment Devices Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Key Trends Are Driving Changes In The Varicose Vein Treatment Devices Market?
Leading companies in the varicose veins treatment devices market are prioritizing the development of innovative solutions like minimally invasive technologies. These new solutions aim to offer precise treatment with less discomfort and faster recovery for patients. Minimally invasive technologies involve surgical methods that use small cuts and high-tech tools like endoscopes and robotic systems. They're designed to cause less trauma, offer faster recovery and present fewer risk of complications compared to the usual open surgery. Biolitec AG, a medical technology firm from Austria, in June 2023, released the Elves Radial 2ring Pro laser fiber and the Leonardo 1940 laser for treating varicose vein. The Elves Radial 2ring Pro laser fiber incorporates an extra channel for saline solution that allows veins to be stretched prior to laser treatment. On the other hand, the Leonardo 1940 laser makes use of a wavelength that heightens vein wall absorption, thus lessening bruising and recovery time. These developments greatly boost the efficacy and cosmetic results of varicose vein treatments, providing a more long-lasting solution for the removal of large and twisted veins.
Who Are the Key Players in the Varicose Vein Treatment Devices Market?
Major companies operating in the varicose vein treatment devices market are include:
• Medtronic Plc
• Boston Scientific Corporation
• Teleflex Incorporated
• Merit Medical Systems
• Lumenis Be Ltd.
• AngioDynamics Inc.
• Candela Medical
• Alma Lasers
• Dornier Medtech
• Fotona d.o.o.
• Sciton Inc.
• Won Tech Co. Ltd
• Quanta System SpA
• biolitec Holding GmbH & Co KG
• Eufoton SRL
• Myovatec Surgical Systems
• Chemische Fabrik Kreussler & Co.
• Ad Rem Technology
• VB Devices
• Theraclion
• InVera Medical
What Is The Most Dominant Region In The Varicose Vein Treatment Devices Market?
North America was the largest region in the varicose vein treatment devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the varicose vein treatment devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
