Varicose Vein Treatment Devices Market by Device, Treatment Type, End-Users

Description

List of Tables

[187 Pages Report] The Varicose Vein Treatment Devices Market size was estimated at USD 1.52 billion in 2023 and expected to reach USD 1.69 billion in 2024, at a CAGR 11.74% to reach USD 3.31 billion by 2030.

Varicose vein treatment devices are specialized medical equipment designed to alleviate and treat varicose veins. These devices are pivotal in facilitating invasive and non-invasive therapeutic procedures, enabling medical practitioners to effectively address the discomfort associated with varicose veins and enhance patient well-being. The evolution of sophisticated medical devices capable of providing efficient, painless treatment with minimal post-operative recovery time is a significant factor driving market growth. Increasing awareness of varicose vein treatment options, coupled with rising healthcare expenditure and accessibility of medical insurance, is expanding the use of varicose vein treatment devices. However, high costs associated with advanced treatment procedures and lack of awareness in underdeveloped regions may adversely impact the use of varicose vein treatment devices. Moreover, technological advancements in varicose vein treatment devices to improve their efficiency and treatment are expected to increase their use by medical professionals to treat varicose vein conditions.

KEY MARKET STATISTICS
Base Year [2023]	USD 1.52 billion
Estimated Year [2024]	USD 1.69 billion
Forecast Year [2030]	USD 3.31 billion
CAGR (%)	11.74%

Device: Increasing preference for surgical products in highly complex conditions

Ablation devices generate thermal energy sufficient to collapse the varicose vein, alleviating associated symptoms. Endovenous laser ablation (EVLA) and radiofrequency ablation (RFA) devices are the most popular among these. While the EVLA devices emit laser light to collapse the veins, RFA devices utilize radiofrequency energy. Both have high efficacy rates, though some patients report less discomfort and quicker recovery time with RFA. Surgical products, which principally include phlebectomy hooks and vein strippers, are used when other less invasive treatments have proven ineffective. Surgical devices for varicose veins directly remove the problematic veins. Venous Closure Systems provide a less invasive alternative to traditional surgery. They work by closing off the affected veins rerouting blood flow to healthier veins. Subsequently, the problematic vein gets absorbed by the body. Ablation devices and venous closure systems, being minimally invasive, are often preferred by patients seeking reduced recovery times and minimal discomfort. However, surgical products may invariably be the suitable option in a highly complex or advanced condition.

Treatment Type: Burgeoning usage of surgical ligation & stripping for more severe varicose vein conditions

An increasingly preferred method for varicose vein treatment, Endovenous Ablation, utilizes thermal or laser energy to close off problematic veins. Conducted under local anesthesia, the procedure involves the insertion of a thin catheter into the affected vein and the application of thermal energy, causing the vein to close and eventually be absorbed by the body. Sclerotherapy involves the injection of a solution straight into the vein, which causes the vein to collapse and scar, rerouting blood to healthier veins. This treatment is suitable for smaller varicose veins or spider veins and can be done in a doctor's office without anesthesia. Surgical ligation and stripping is a traditional surgical method where the diseased vein is tied off and removed from the leg. This procedure is typically performed in severe cases of varicose veins where other treatment options may not be as effective.

End-Users: Evolving application of varicose vein treatment devices in dermatosurgery centers

Ambulatory care units cater to outpatient treatment of varicose veins, promoting faster recovery and minimal hospital stay. These units primarily employ minimally invasive vein treatment devices such as radiofrequency ablation devices, laser ablation systems, and sclerotherapy injections. Dermatosurgery centers represent specialized care units providing advanced treatment for skin-related issues, including varicose veins. Hospitals and clinics, being comprehensive healthcare establishments, deal with an extensive range of varicose vein treatment modalities, including conservative methods such as compression stockings Juzo and invasive surgical options.

Regional Insights

The varicose vein treatment devices market is growing in the Americas due to increased awareness about varicose vein disease and advanced healthcare infrastructure. The APAC region's varicose vein treatment devices market is rapidly growing owing to the rising healthcare expenditure, increasing geriatric population, and growing healthcare awareness and initiatives from local governments and international bodies to reduce the growing incidence of varicose veins. EMEA region exhibits substantial growth in the varicose vein treatment device market due to advanced healthcare infrastructure and ongoing medical research, the existence of significant varicose vein patients, and the adoption of innovative treatments. Besides, ongoing research to develop innovative devices for varicose vein treatment is anticipated to propel the demand for varicose vein treatment devices globally.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Varicose Vein Treatment Devices Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Varicose Vein Treatment Devices Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Varicose Vein Treatment Devices Market, highlighting leading vendors and their innovative profiles. These include AccuVein, Inc., Alma Lasers Ltd., Angiodynamics Inc, biolitec AG, Candela Corporation, Chemische Fabrik Kreussler & Co. GmbH, Chuback Medical Group, F Care Systems, Fotona d.o.o., GIGAALASER Group, Intact Vascular, Inc., Intense Medical & Dental System Limited, InVera Medical, Lumenis Be Ltd. by Boston Scientific Corporation, Medico's Hirata Inc., Medtronic PLC, Merit Medical Systems, Olympus Corporation, Quanta System S.p.A., Sciton Inc., Teleflex Incorporated, THERACLION S. A., VVT Medical, and WON TECH Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Varicose Vein Treatment Devices Market to forecast the revenues and analyze trends in each of the following sub-markets:

Device
- Ablation Devices
- Surgical Products
- Venous Closure Systems

Treatment Type
- Endovenous Ablation
- Sclerotherapy
- Surgical Ligation & Stripping

End-Users
- Ambulatory Care Unit
- Dermatosurgery Centers
- Hospitals & Clinics

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Varicose Vein Treatment Devices Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Varicose Vein Treatment Devices Market?

3. What are the technology trends and regulatory frameworks in the Varicose Vein Treatment Devices Market?

4. What is the market share of the leading vendors in the Varicose Vein Treatment Devices Market?

5. Which modes and strategic moves are suitable for entering the Varicose Vein Treatment Devices Market?

Product Code: MRR-432A052C4C73

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increase in the incidence of varicose vein conditions
  - 5.1.1.2. Rise in the preference for minimally invasive treatment procedures
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with the treatment
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in varicose vein treatment devices
  - 5.1.3.2. Significant investments for development of novel varicose vein treatment devices
- 5.1.4. Challenges
  - 5.1.4.1. Risks associated with varicose vein treatment devices
5.2. Market Segmentation Analysis
- 5.2.1. Device: Increasing preference for surgical products in highly complex conditions
- 5.2.2. Treatment Type: Burgeoning usage of surgical ligation & stripping for more severe varicose vein conditions
- 5.2.3. End-Users: Evolving application of varicose vein treatment devices in dermatosurgery centers
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Varicose Vein Treatment Devices Market, by Device

6.1. Introduction
6.2. Ablation Devices
6.3. Surgical Products
6.4. Venous Closure Systems

7. Varicose Vein Treatment Devices Market, by Treatment Type

7.1. Introduction
7.2. Endovenous Ablation
7.3. Sclerotherapy
7.4. Surgical Ligation & Stripping

8. Varicose Vein Treatment Devices Market, by End-Users

8.1. Introduction
8.2. Ambulatory Care Unit
8.3. Dermatosurgery Centers
8.4. Hospitals & Clinics

9. Americas Varicose Vein Treatment Devices Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Varicose Vein Treatment Devices Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Varicose Vein Treatment Devices Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Theraclion Reveals First Patients Treated With SONOVEIN as Part of the FDA-approved Pivotal Study
- 12.3.2. Biolitec's Elves Radial 2ring Pro and Leonardo Laser 1940 Introduced for Venous Treatment
- 12.3.3. Theraclion Wins FDA IDE Approval For Varicose Veins Study
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio