Home / Press Release / Global Varicose Vein Treatment Devices Market Expected To Grow At A CAGR Of 6.5% During The Forecast Period

Global Varicose Vein Treatment Devices Market Expected To Grow At A CAGR Of 6.5% During The Forecast Period

The latest market report published by Credence Research, Inc. “Varicose Vein Treatment Devices Market: Growth, Future Prospects, and Competitive Analysis, 2019 - 2027” the varicose vein treatment devices market was valued at US$ 764.2 Mn in 2018, expected to grow at a CAGR of 6.5% during the forecast period from 2019 to 2027.

Market Insights

The global varicose vein treatment devices market is increasing efficiently from 2019 to 2027 accredited to increase in burden for varicose veins along, adoption of advanced treatment procedures, and increasing geriatric population globally. Recent U.S FDA approvals for new devices with upgraded medical technology and therapy will drive the market growth. Increasing partnerships, acquisitions, and technology expansion in the Asia Pacific market will drive the market growth in the near future. According to Chicago Vein Institute, Society for Vascular Surgery and other research centers, currently, more than 12.5% of the U.S. population are suffering from varicose veins. It may affect up to 35% in the near future. The prevalence is higher in the females (55%) compared to males (45%). These are the most common conditions of chronic venous disease. The overall cost of all CVD treatment is around US$ 3 billion every year in the U.S. market.

Top manufacturers are focusing on new product launch and FDA clearance, mainly in the U.S. and Europe. Advancement in catheter-based endovenous thermal ablation (EVTL) and VenaSeal™ will show promising growth. Additionally, chemical ablation, liquid sclerotherapy, phlebectomy, echotherapy and other minimally invasive therapies will further spur revenue growth in the U.S. market. Moreover, top pipeline products may generate a significant revenue share by 2020 include Purespume (by VB Devices), Echopulse® device with non-invasive high intensity focused ultrasound (by Theraclion), and other devices.

Additionally, partnership agreements, acquisitions, and new product launch are the key strategies adopted by manufacturers & research institutes. For instance, in Feb 2017, Teleflex Incorporated acquired Vascular Solutions, Inc. further expand its vascular and interventional business. However, the high cost of procedures, less availability of resources along with physicians, and risk of post-surgery complications are factors limiting the market growth.

Key Market Movements:

Browse the full report at https://www.credenceresearch.com/report/varicose-veins-treatment-devices-market

The Global Varicose Veins Treatment Devices Market is Segmented into:

Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Million

 By Product Type (2017–2027; US$ Mn)

 By Application (2017–2027; US$ Mn)

 By End User Segment (2017–2027; US$ Mn)

 By Geography Segment (2017–2027; US$ Mn)

*Complete segmentation list is on report page

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