Increase in incidence of varicose vein problem, technological advancements in varicose vein treatment, and rise in awareness in developing countries is estimated to propel the growth of the global varicose vein treatment.
According to the report published by Allied Market Research, the global Varicose Vein Treatment Market was pegged at $376.64 million in 2017 and is expected to reach $589.06 million by 2025, registering a CAGR of 5.7% from 2018 to 2025.
Rise in incidences of varicose vein problem, increase in geriatric population, and technological advancements in varicose vein treatment have boosted the growth of the global varicose vein treatment market. However, dearth of skilled healthcare professionals and occasional product recall hamper the market growth. On the contrary, growth of awareness in emerging economies is expected to create lucrative opportunities in the near future.
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The global varicose vein treatment market is segmented on the basis of procedure, product, end user, and geography. Based on procedure, the market is divided into injection sclerotherapy, endovenous ablation, surgical ligation, and stripping. The injection sclerotherapy segment held the largest share in 2017, contributing nearly three-fifths of the market and is expected to continue its dominance throughout the forecast period. However, the endovenous ablation segment is estimated to register the fastest CAGR of 6.9% during the forecast period.
On the basis of product, the market is segmented into sclerotherapy injection, ablation devices, and others. The injection sclerotherapy segment held the largest share in 2017, contributing three-fifths of the market. However, the endovenous ablation segment is projected to portray the fastest CAGR of 6.9% during the forecast period.
The global varicose vein treatment market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is anticipated to register the fastest CAGR of 7.8% through 2025, owing to rise in consumer awareness, increase in geriatric population, and surge in adoption of advanced technology.
The global varicose vein treatment market report provides an in-depth analysis of the major market players such as Lumenis, Medtronic, Angiodynamics, Inc., Alma Lasers Ltd., BTG PLC, Biolitec AG, Sciton Inc., Energist Ltd., WONTECH Co., Ltd., and Syneron.
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