Varicose Vein Treatment Devices Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Report ID: GMI2727

Summary Methodology

Varicose Vein Treatment Devices Market is projected to experience significant growth from 2018 to 2024.

Varicose vein treatment devices market size is expected to show a remarkable growth due to rising incidence and prevalence of varicose veins worldwide. Varicose veins is more common among women as well as geriatric population base. According to AHA Journal, around 23% of US adults had varicose veins in 2014. The disease affected more than 22 million women and over 11 million men between 40- 80 years of age in 2014.

Furthermore, technological advancement in the devices used for treatment of varicose veins will spur the varicose vein treatment devices market growth. Availability of patient-friendly devices with increased efficiency and safety will fuel the demand for such devices. For instance, Medtronic’s VenaSeal closure system is a non-thermal, non-tumescent as well as non-sclerosant procedure that uses a medical adhesive that is endovenously delivered to close the vein. This system eliminates the risk of nerve injury during the treatment of small saphenous vein. Development of such devices will upsurge the adoption rate favoring market growth.

Endovenous ablation segment is estimated to witness lucrative growth during the forecast period. Increasing adoption of endovenous laser ablation treatment for treating lower extremity chronic venous disease is a major reason that will drive the market growth during the forecast period. Physician adoption for endovenous laser therapy is increasing in developed countries. Furthermore, increasing number of ABVLM-certified physicians will boost the demand for minimally invasive laser therapy to treat varicose veins. Aforementioned factors will augment the industry growth.

Hospitals segment will show a lucrative growth throughout the analysis timeframe. Rising prevalence of varicose veins, increasing number of hospital visits, availability of advanced healthcare infrastructure as well as fair reimbursement for hospital procedures will propel the growth of the hospitals segment.

U.S. varicose vein treatment devices market accounted for the largest revenue share in 2017 owing to increasing patient population undergoing varicose vein treatment. Rising prevalence of obesity, increasing geriatric population base, and fair reimbursement for minimally invasive procedures will augment regional growth during the forecast timeframe.

Indian varicose vein treatment devices market is estimated to witness lucrative growth over the analysis period due to increasing prevalence of varicose vein among Indian population. According to the Journal of Evolution of Medical and Dental Sciences (JEMDS), prevalence of varicose vein accounted for around 10% in India. Increasing geriatric population base prone to varicose vein coupled and growing awareness among people regarding early treatment will drive the industry growth.

Some of the notable players in the varicose vein treatment devices market include Medtronic, Angio Dynamics, Lumenis, Syneron Medical, Dorner Medtech, Biolitec, Energist, Eufoton, Vascular Solutions, Quanta System, Intermedic, Gigaa Laser, Lingyun Photoelectronic System and Teleflex. The market players focus on strategic partnerships, collaborations, mergers and innovative product launches to expand their product portfolio as main strategies. For instance, Dornier MedTech launched Medilas D FlexiPulse that is a compact, portable, high powered diode laser capable of performing a variety of procedures.

Varicose Vein Treatment Devices Market by Treatment Type, 2013-2024 (USD Million)

  • Endovenous Ablation
  • Radiofrequency Ablation
  • Laser Ablation
  • Sclerotherapy
  • Surgical Ligation & Stripping

Varicose Vein Treatment Devices Market by Product, 2013-2024 (USD Million)

  • Ablation Devices
  • Venous Closure Products
  • Surgical Products

Varicose Vein Treatment Devices Market by End-use, 2013-2024 (USD Million)

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • Saudi Arabia
    • South Africa

Company Profiles:

  • Medtronic
  • Angio Dynamics
  • Lumenis
  • Syneron Medical
  • Dorner Medtech
  • Biolitec
  • Energist
  • Eufoton
  • Vascular Solutions
  • Quanta System
  • Intermedic
  • Gigaa Laser
  • Lingyun Photoelectronic System
  • Teleflex

What Information does this report contain?

Historical data coverage: 2013 to 2015; Growth Projections: 2016 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Customize this Report

Pre Book Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

 Connect with our sales team

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X