Exploring Key Insights of the Varicose Vein Treatment Devices Market: Growth Prospects, Emerging Trends, and Opportunities
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What key factors are powering the surge in the varicose vein treatment devices market right now?
In recent years, there has been significant growth in the market size of devices used in varicose vein treatments. There is an expected increase from $1.31 billion in 2024 to $1.43 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.0%. The growth observed in the historic period can be linked to factors such as an aging population, heightened awareness of varicose veins, increased demand for procedures that are minimally invasive, an upsurge in healthcare spending, and a rise in diseases associated with lifestyle choices.
How fast Is the varicose vein treatment devices market expected to grow, and what’s its future value?
In the coming years, significant expansion is predicted for the market of varicose vein treatment devices, with an anticipated value of $2.00 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 8.8%. This projected surge during the forecast period correlates with creating public awareness, growing disposable incomes, increased incidence of varicose veins, the development of healthcare systems in emerging markets, and an increasingly obese population. The forecast period is also expected to see a trend towards outpatient procedures, the application of laser and radiofrequency technologies, advancements in technology, a spike in the usage of ambulatory care centers, and a growing requirement for home-based treatment devices.
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What are the leading drivers of growth in the varicose vein treatment devices market?
The escalating rates of obesity are anticipated to fuel the expansion of the varicose veins treatment devices market. Defined by excessive fat accumulation, obesity is a health disorder that can result in severe conditions like diabetes, cardiovascular diseases, and joint issues. Lifestyle factors such as unhealthy diet, lack of physical activity, and an environment that encourages overeating primarily drive the increasing rates of obesity, while genetics, socio-economic conditions, and mental health also have a significant impact on its prevalence. Varicose vein treatment devices play a crucial role in enhancing the lifestyle of obese individuals by mitigating vein-related problems, boosting blood flow, relieving weight-induced pain and swelling, and supporting superior mobility and overall vascular wellness. As an example, the World Heart Foundation, a Switzerland-based non-profit global cardiovascular community, stated in March 2023 that approximately 2.3 billion adults and children globally are affected by obesity or overweight, and this figure is expected to rise to 2.7 billion by 2025 due to the persisting trend of obesity. Thus, the accelerating rates of obesity are fuelling the expansion of the varicose veins treatment devices market.
What are the key segments defining the 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
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Who are the key players steering the development of the varicose vein treatment devices market?
Major companies operating in the varicose vein treatment devices market are 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
How are evolving market trends shaping varicose vein treatment devices Strategies?
Major companies operating in the varicose veins treatment devices market are focusing on developing innovative solutions such as minimally invasive technologies to provide precise treatment with minimal discomfort and a quicker recovery time for patients. Minimally invasive technologies refer to surgical techniques that utilize small incisions and advanced instruments, such as endoscopes and robotic systems, to perform procedures with reduced trauma, quicker recovery times, and lower risks of complications compared to traditional open surgery. For instance, in June 2023, Biolitec AG, an Austria-based medical technology company, introduced the Elves Radial 2ring Pro laser fiber and the Leonardo 1940 laser for varicose vein treatment. The Elves Radial 2ring Pro laser fiber features an additional channel for saline solution, enabling the stretching of veins before laser treatment, while the Leonardo 1940 laser’s wavelength improves vein wall absorption, reducing bruising and recovery time. These advancements significantly enhance the efficiency and aesthetic outcomes of varicose vein treatments, offering a more sustainable solution for removing large and tortuous veins.
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Which regions are most influential in expanding 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.
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