The global varicose veins treatment devices market is expected to reach US$ 1,032.4 Mn in 2025 from US$ 512.6 Mn in 2017. The market is estimated to grow with a CAGR of 9.6% from 2018-2025. The report highlights the trends prevalent in the global varicose veins treatment devices market and the factors driving the market along with those that act as restraints to its growth. The global varicose veins treatment devices market is witnessing a sheer rise in the current scenario and is expected to expand in the coming years.
Driving factors such as increasing incidence of chronic venous diseases (CVDs), increase in the adoption of endovenous laser ablation and technological developments in varicose veins treatments are expected to promote the growth of the global market. However, lack of skilled professionals and disadvantages of the ablation techniques are likely to negatively affect the market growth creating challenges for market players in the future years to some extent.
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Specialized solutions are becoming popular to be used for the surgical procedures. In addition to fulfilling the standard requirements of the medical devices and systems, the market players offering unique services and solutions that to exactly fit the demands of the medical professionals. The customer-friendly oriented solutions are expected to hold a prevalent trend in the varicose veins treatment devices market. Thus, continuation in the evolution of therapeutic approach towards less invasive techniques are likely to enhance the adoption rates and remain a prevalent trend in the global varicose veins treatment devices market over the forecast years.
The major players operating in the varicose veins treatment devices market include Alma Lasers, AngioDynamics, VVT Med, F care systems, Asclepion Laser Technologies GmbH, Syneron Medical Ltd., Energist Ltd., Medtronic, biolitec AG and Miravas among others. The launch of novel and innovative solutions by market players also have led to striking new introductions in the market as a result of which the global varicose veins treatment devices market is likely to grow. For instance, in November 2015, Medtronic introduced the VenaSeal closure system in the US that incorporates a novel technology for patient relief with varicose veins.
Global varicose veins treatment devices market, based on the treatment was segmented into injection sclerotherapy, endovenous ablation, and surgical ligation market. In 2017, the endovenous ablation segment held the largest share of the market, by treatment. However, on the basis of growth rate, the sclerotherapy segment is expected to witness the fastest growth rate among the treatment segment in the global varicose veins treatment devices market as the ultrasound based foam sclerotherapy is a relatively new technique that is minimally invasive and offers several advantages minimizing patient discomfort.
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