North America is Dominant in the Global Varicose Vein Treatment Market
" The global varicose vein treatment market is expected to witness a CAGR of ~6% to touch $26 million by 2025 "
Bangalore, India, August 22, 2019: With its recently published study “Global Varicose Vein Treatment Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025”, Infoholic Research forecasts that the global market for varicose vein treatment is anticipated to witness a mid-single-digit growth during the forecast period 2019–2025. The market for varicose vein treatment is highly fragmented; the increasing prevalence of varicose veins and growing geriatric population are among the primary factors driving the market growth. However, the high cost of treatment procedure and lack of skilled professionals are hampering the growth of the market.
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The treatment cost for varicose veins is high and the reimbursement scenario is very inconsistent. In 2018, 3 out of 10 individuals were affected by varicose veins with health expenses being more than $10 billion. These costs have increased annually due to a sedentary lifestyle, growing elderly population, and the prevalence of obesity.
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In recent years, the market is shifting towards less invasive procedures for the treatment of varicose veins. Surgical procedures for varicose veins are likely to experience significant changes in the foreseeable future; non-invasive alternatives have mainly overtaken surgery. Also, the preference for non-invasive surgery has accelerated due to the possibility of infections involved with invasive surgery. In April 2019, Theraclion received CE Mark for its newly developed SONOVEIN system, a non-invasive treatment for varicose veins. High-intensity focused ultrasound is one of the latest treatment options for varicose veins and venous reflux disease. This state-of-the-art technology has been used for non-invasive tissue ablation in other treatment cases to have higher effectiveness.
“Sclerotherapy held the largest share in the global varicose vein treatment market in 2018. The market is likely to shift towards the non-invasive treatment technique during the forecast period 2019–2025. The treatment methods for varicose veins have transformed over time due to recent alertness of cosmetic contemplations & the way they can disturb the superiority of life along with the advancement of innovative treatments & ambulatory care services,” analyzed Rikitha K Murthy, Senior Research Analyst, Infoholic Research
Key Segments of the Report Include:
- Endovenous Ablation
- Surgical Ligation & Stripping
- Ambulatory Surgical Centers
- Physician’s Office
- North America
- Asia Pacific
- Rest of the World
- Industry outlook: Market trends, drivers, restraints, and opportunities