Veins are blood vessels that return deoxygenated blood to the heart. Varicose veins are large, swollen veins that is commonly caused due to various factors such as age, pregnancy, family history, prolonged standing or sitting for long periods of time, and due to lack of exercise. Other problems associated with varicose veins are phlebitis, deep vein thrombosis, and bleeding. It can also lead to aching or ulceration of the legs. Symptoms of varicose veins includes burning, bulging veins, muscle cramping, leg throbbing, and fatigue in the legs. Varicose vein treatment market segmented based into sclerotherapy, endovenous, and stripping.
Increasing incidence of varicose vein globally is expected to fuel the market growth over the forecast period. Moreover, growing ageing population is other factor driving the growth of the market. Benefits associated with varicose vein treatment providing effectiveness of cost and time, low risk of postoperative complications and, painless procedure is expected to augment the growth of global varicose vein treatment over the forecast period.
On the basis of treatment mode, the market is segmented based into sclerotherapy, endovenous, and stripping. The endovenous ablation is expected to witness rapid growth rate owing to growing demand for a minimally invasive treatment. Furthermore, endovenous ablation provides quick recovery which in turn is expected to create demand for varicose vein treatment.
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Based on region, the global varicose vein treatment market is segmented into North America, Europe, Latin America, Asia Pacific and Middle East and Africa. North America contributes major market share and expected to maintain its dominance over the forecast period owing increasing incidence of varicose veins, government spending, and favorable reimbursement policies in the region. Furthermore, Asia Pacific is expected to witness rapid growth rate over the forecast period owing to the increasing adoption and benefits associated with varicose vein treatment. In addition, rapidly growing ageing population is other factor driving growth in the region.
Some prominent players in the global varicose vein treatment market are Medtronic Plc, AngioDynamics, Inc., Syneron Medical Ltd., Lumenis Ltd, Energist Ltd., Quanta Systems S.p.A., Vascular Solutions, Inc., Biolitec AG, Sciton, Inc., and Merz Aesthetics.