Global Varicose Vein Treatment Market- Market Overview:

The Global Varicose Vein Treatment market is expected to grow from USD 1.7 billion in 2022 to USD 2.87 billion by 2030, at a CAGR of 6.8% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the increasing demand for minimally invasive procedures.

A doctor may advise a test called a venous Doppler ultrasonography of the leg to identify varicose veins. A non-invasive procedure called Doppler ultrasonography employs sound waves to examine blood flow through vein valves. An ultrasound of the leg can be used to find blood clots. In this test, medical professional rubs a small, hand-held instrument (transducer) against the skin over the body part being checked. The transducer is roughly the size of a bar of soap. The monitor shows the results after receiving images of the legs' veins from the transducer. Compression stockings, surgeries, or other procedures can all be used as varicose vein treatment options in addition to self-care methods. Varicose vein treatments are frequently performed as outpatient procedures, so you typically return home the same day. Exercise, lifting the legs when sitting or lying down, and using compression stockings are all examples of self-care measures that can help reduce varicose vein pain and possibly stop them from growing worse. The first course of action is frequently to wear compression stockings all day. The leg compression provided by the stockings improves blood flow through the veins and muscles of the legs. By type and brand, compression levels differ. A healthcare professional may suggest surgery or other procedures if self-care measures and compression stockings are ineffective or if varicose veins are more severe: Sclerotherapy. A medical professional injects a solution or foam into the varicose veins to scar and shut them. The treated varicose veins should disappear in a few weeks. There may be a need for multiple injections into the same vein. Sclerotherapy can be performed at a doctor's office without the use of an anesthetic.

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Market Dynamics:

Drivers:                          

• Making Low-Cost Treatment Devices with Few Side Effects to Support Growth

Endovenous laser ablation devices are more commonly utilized to treat varicose veins and are backed by extensive clinical studies. However, compared to other procedures like foam fillers, vein stripping, electrical blasting, and others, endovenous laser surgeries are more expensive. To lower the price of the treatment processes, manufacturers are shifting their focus to developing cost-effective EVL equipment. This is encouraging market growth during the anticipated term. Similar side effects can result from using various endovenous laser ablation devices, including thrombophlebitis, burns, nerve damage, and problems of deep vein thrombosis. Manufacturers are focusing on creating unique devices with fewer difficulties in order to address this problem.

Restraints:                                             

• Possible side effects

Even though endovenous laser therapy is a quick and safe approach to treating varicose veins, the chance of experiencing certain but extremely unlikely adverse effects is not discounted. The most frequent adverse effects of this procedure include soreness and bruising at the puncture site, brief leg numbness, or discomfort and inflammation along the length of the treated vein, which in some people may last for up to two weeks. Furthermore, some patients develop skin discoloration and damage to the tissues around them. This results in neuropraxia, or a pins-and-needles feeling, or cutaneous erythema, which causes the leg to turn red. A leg infection, deep vein thrombosis, or blood clot formation in the leg's major veins are other potential risks.

Opportunities:

• Increasing geriatric population

Varicose veins are more likely to occur in the older population. It is discovered that ageing has a significant impact on the veins' structure and operations. One in two adults over the age of 50 suffers from varicose veins. Pregnant women and those who are overweight are additionally at risk for getting this illness. Sclerotherapy, laser therapy, and radiofrequency ablation are a few of the therapies on the market. Varicose, spider, and reticular veins are best treated first with sclerotherapy.

Challenges

• Alternate treatment options

The availability of alternative varicose vein treatments is limiting market expansion. There are other medical methods available for the treatment of varicose veins in addition to laser therapy. Around the world, varicose veins are being treated with high ligation, vein stripping, and natural therapies. Therefore, in the near future, these factors could restrain the market's expansion for varicose vein treatment.

Segmentation Analysis:

The global Varicose Vein Treatment market has been segmented based on type, end-user, and region.

By Type

The type segment is endovenous ablation and surgical ligation & stripping, and sclerotherapy. The sclerotherapy segment led the largest share of the Varicose Vein Treatment market with a market share of around 42.3% in 2022. The dominant share of the market is attributed to the benefits of this treatment, including reduced bruising and scarring, the absence of anesthesia, shorter hospital stays, straightforward follow-up procedures, and favorable reimbursement policies. Additionally, Medicare covers patients receiving sclerotherapy in the United States.

By End-User                                                                                     

The end-user type segment includes vein clinics, ambulatory care units, and hospital. The Ambulatory Care Unit Seegment led the Varicose Vein Treatment market with a market share of around 38.8% in 2022. The market is growing as a result of ambulatory surgical centers’ widespread use of varicose vein surgery and treatment. These facilities are cutting costs while raising the standard of care and customer service. The ambulatory surgical centers have been proactive in seeing opportunities to enhance healthcare delivery.

Global Varicose Vein Treatment Market- Sales Analysis.

The sale of Varicose Vein Treatment expanded at a CAGR of 5% from 2016 to 2022.

Globally, there are more people suffering from varicose veins, which is fueling demand for treatments like endovenous laser therapy and ultimately expanding the varicose vein treatment market. In comparison to men, women are more likely to have varicose veins. Varicose vein incidences are rising as the population ages, which is a widespread issue. A change in lifestyle can cause varicose veins in addition to aging. Due to the baby's increased strain on the veins and in part because of hormones generated during pregnancy, pregnant women are at significant risk of developing varicose veins. Varicose veins can occasionally develop as a result of damage to a deep leg vein. Therefore, the market for varicose vein treatments will continue to grow as varicose vein instances increase.

Similar to this, the market for aricose vein treatments is expanding due to the rising prevalence of obesity globally. Varicose veins are brought on by blood circulation problems that are brought on by obesity. For instance, according to data provided by the WHO, 650 million adults, 340 million teenagers, and 39 million children are among the almost 1 billion people who are obese. This figure is anticipated to rise even further in the near future, which will benefit the sales of varicose vein treatments. Over the anticipated period, the market will grow even faster due to the introduction of new products and an increase in spending on research & development by the major producers of treatment devices. The top producers of varicose vein therapy solutions are constantly working to diversify their product lines through new product introductions and regulatory approvals.

Thus, owing to the aforementioned factors, the global varicose vein treatment market is expected to grow at a CAGR of 6.8% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the varicose vein treatment market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the varicose vein treatment market and held a 39.1% share of the market revenue in 2022.

• North American region witnessed a major share. This is mostly caused by a sizable patient population that values appearance. Due to the obvious results and safety, many are eager to undergo cosmetic operations. The proof of the safety and effectiveness of laser treatments has contributed to lowering the stigma associated with cosmetic procedures and fostering societal acceptance for laser treatments, particularly among males. Together with the American Venous Forum, the Society for Vascular Surgery in the United States has developed clinical care recommendations for the treatment of varicose veins. Based on the grading system, these guidelines offer suggestions for the treatment of chronic venous disorders. Communication between care and insurance providers is facilitated by grading the severity of the condition.
• Asia Pacific is anticipated to experience significant growth during the Projection period. Due to the region's high aging population, increased disposable income, and growing knowledge of these procedures, the market is growing. Due to differing legislative factors, which affect how readily available certain products are in various nations, the market is extremely diversified.

Global Varicose Vein Treatment Market- Country Analysis:

• Germany

Germany's varicose vein treatment market size was valued at USD 0.1 billion in 2022 and is expected to reach USD 0.5 billion by 2030, at a CAGR of 5.6% from 2023 to 2030. The market for varicose vein therapy is being driven by Germany's expanding healthcare infrastructure and rising healthcare spending. The Federal Statistical Office reported that the amount Germany spent on healthcare in 2020 was around EUR 67.9 billion, up 31.5% from 2019. Germany's healthcare costs were covered through transfers and subsidies from the government. Germany is therefore projected to experience profitable expansion in the varicose vein market due to the rise in patient awareness and the increase in the population's disposable income.

• China

China’s varicose vein treatment market size was valued at USD 0.19 billion in 2022 and is expected to reach USD 0.30 billion by 2030, at a CAGR of 6.2% from 2023 to 2030.  The market in the region is expanding during the Projection period owing to expanding geriatric population is anticipated to fuel market expansion. The vein valves that aid in controlling blood flow deteriorate with age. The valves eventually weaken due to wear, allowing the blood to flow backward.

• India

India's varicose vein treatment market size was valued at USD 0.13 billion in 2022 and is expected to reach USD 0.34 billion by 2030, at a CAGR of 6% from 2023 to 2030. The Indian market is expanding as a result of an expanding patient base and greater public knowledge of varicose veins and their therapies. According to a survey from the International Surgery Journal, 5% of people have a vascular problem. This medical problem is prevalent in the elderly population in particular. Therefore, it is anticipated that the market in India would grow rapidly over the next ten years as a result of an increasing elderly population and an increase in chronic diseases.           

Key Industry Players Analysis:                                                     

To increase their market position in the global Varicose Vein Treatment business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

• AngioDynamics
• Teleflex Incorporated
• Alma Lasers
• Biolitec AG
• Medtronic
• Sciton, Inc.
• Dornier Medtech
• Merit Medical Systems
• Boston Scientific Corporation

Latest Development:

• In May 2022, THERACLION, a forward-thinking business developing a scalable robotic platform for non-invasive echotherapy, introduced SONOVEIN HD. This revolutionary technology combines the first and only extracorporeal therapeutic ultrasound solution with the cutting-edge imaging capabilities of SuperSonic Imagine, which Hologic just acquired.
• In April 2022, I-VASC, an Italian manufacturer of medical devices, closed a EUR 1.8 million Series A investment for the introduction of its VELEX product. VELEX is a device that can be used in an operation called Empty Vein Ablation to treat CVI and varicose veins. It obtained its CE Mark in May 2021. (EVA).

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	6.8%
Market Size	1.7 billion in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Type, By End-User, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	AngioDynamics, Teleflex Incorporated, Alma Lasers, Biolitec AG, Medtronic, Sciton, Inc., Dornier Medtech, Merit Medical Systems, and Boston Scientific Corporation.
By Type	Endovenous Ablation Surgical Ligation & Stripping Sclerotherapy
By End-User	Vein Clinics Ambulatory Care Unit Hospital
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Varicose Vein Treatment Market by Type:

• Endovenous Ablation
• Surgical Ligation & Stripping
• Sclerotherapy

Global Varicose Vein Treatment Market by End-User:

• Vein Clinics
• Ambulatory Care Unit
• Hospital

Global Varicose Vein Treatment Market by Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- the recent degree of political stability the nation has seen. the honesty of the politicians and their propensity to engage in acts of corruption, as the fallout could force high-ranking government officials to quit or be impeached. The rules that the nation upholds, particularly those that pertain to commerce, such as contract law, as they specify what is and is not permitted to do For instance, some nations forbid alcohol or have requirements that must be met, while other governments have an excessive bureaucracy that deters industry.

Economic Factors- The type of economic structure now in place in the industry—whether it's a monopoly, an oligopoly, or something more like a system of perfect competition. How quickly is anticipated to expand in the near future will depend on the nation's GDP growth rate. The amount that people are willing to borrow and invest depends on the interest rates in the nation. Greater investments would be made due to higher rates, which would increase GDP. How successfully one is able to raise capital at a fair price, taking demand and supply into consideration, is also impacted by how efficiently the financial markets operate. The profitability would be impacted by the country's currency rate, especially if it engaged in international trade.

Social Factors- The age and gender distribution of the population have a significant impact on whether or not a certain product may be marketed to them. Targeting a demographic that is primarily male would reach fewer people than targeting a group that is primarily female because makeup is marketed mainly to women. The distribution of classes throughout the population is crucial because it would be impossible to market a premium product to the general public if the majority of people belonging to a lower class; instead, they would have to focus on very specialized niche markets. It may be challenging to properly relate to and attract the target market due to the disparities in educational backgrounds between marketers and the target market.

Technological Factors- the aforementioned innovations and technological advancements made by rivals. It is crucial to keep an eye on a new technology's level of acceptance as well as how quickly it is expanding and displacing revenues from rivals in the industry in question. This would be the level of urgency necessary to appropriately respond to the invention, either by matching the technology or coming up with a creative substitute. The effect of technology on the costs that the majority of businesses in the sector must bear has the potential to significantly enhance or decrease the ensuing profitability.

Environmental Factors- The capacity to handle the movement of materials and the finished product may be considerably impacted by the current weather conditions. In the event of, for instance, an unexpected monsoon, this would then have an impact on the delivery dates of the finished product. Some products would become worthless as a result of climate change. For instance, warm winter clothing has significantly less of a market in nations where the winter has become very mild due to global warming in the case of textiles. Businesses that generate a lot of garbage may be compelled by law to control their environmental practices.

Legal Factors- As was already established, the purpose of intellectual property laws and other data protection regulations is to safeguard the patents and ideas of businesses that only benefit from the information. If there is a danger that the data will be stolen, the system will lose its competitive edge and be very likely to fail. Government-enacted anti-discrimination laws are intended to safeguard workers and guarantee that everyone, regardless of gender, age, handicap, race, religion, or sexual orientation, is treated fairly and given the same chances. After seeing the appalling conditions that workers were required to labor in during and immediately following the industrial revolution, health and safety legislation were established.

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Type
     • 3.2. Market Attractiveness Analysis By End-User
     • 3.3. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Making Low-Cost Treatment Devices with Few Side Effects to Support Growth
   • 3. Restraints
     • 3.1. Possible side effects
   • 4. Opportunities
     • 4.1. Increasing geriatric population
   • 5. Challenges
     • 5.1. Alternate treatment options

6. Global Varicose Vein Treatment Market Analysis and Projection, By Type
   • 1. Segment Overview
   • 2. Endovenous Ablation
   • 3. Surgical Ligation & Stripping
   • 4. Sclerotherapy
7. Global Varicose Vein Treatment Market Analysis and Projection, By End-User
   • 1. Segment Overview
   • 2. Vein Clinics
   • 3. Ambulatory Care Unit
   • 4. Hospital
8. Global Varicose Vein Treatment Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

9. Global Varicose Vein Treatment Market-Competitive Landscape
   • 1. Overview
   • 2. Market Share of Key Players in the Varicose Vein Treatment Market
     • 2.1. Global Company Market Share
     • 2.2. North America Company Market Share
     • 2.3. Europe Company Market Share
     • 2.4. APAC Company Market Share
   • 3. Competitive Situations and Trends
     • 3.1. Technology Launches and Developments
     • 3.2. Partnerships, Collaborations, and Agreements
     • 3.3. Mergers & Acquisitions
     • 3.4. Expansions

10. Company Profiles
    • AngioDynamics
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Teleflex Incorporated
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • Alma Lasers
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Biolitec AG
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Medtronic
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Sciton, Inc.
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • Dornier Medtech
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • Merit Medical Systems
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Boston Scientific Corporation
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Technology Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis

List of Table

1. Global Varicose Vein Treatment Market, By Type, 2023–2030 (USD Billion)
2. Global Endovenous Ablation, Varicose Vein Treatment Market, By Region, 2023–2030 (USD Billion)
3. Global Surgical Ligation & Stripping, Varicose Vein Treatment Market, By Region, 2023–2030 (USD Billion)
4. Global Sclerotherapy, Varicose Vein Treatment Market, By Region, 2023–2030 (USD Billion)
5. Global Varicose Vein Treatment Market, By End-User 2023–2030 (USD Billion)
6. Global Vein Clinics, Varicose Vein Treatment Market, By Region, 2023–2030 (USD Billion)
7. Global Ambulatory Care Unit, Varicose Vein Treatment Market, By Region, 2023–2030 (USD Billion)
8. Global Hospital, Varicose Vein Treatment Market, By Region, 2023–2030 (USD Billion)
9. Global Varicose Vein Treatment Market, By Region, 2023–2030 (USD Billion)
10. North America Varicose Vein Treatment Market, By Type, 2023–2030 (USD Billion)
11. North America Varicose Vein Treatment Market, By End-User 2023–2030 (USD Billion)
12. USA Varicose Vein Treatment Market, By Type, 2023–2030 (USD Billion)
13. USA Varicose Vein Treatment Market, By End-User 2023–2030 (USD Billion)
14. Canada Varicose Vein Treatment Market, By Type, 2023–2030 (USD Billion)
15. Canada Varicose Vein Treatment Market, By End-User 2023–2030 (USD Billion)
16. Mexico Varicose Vein Treatment Market, By Type, 2023–2030 (USD Billion)
17. Mexico Varicose Vein Treatment Market, By End-User 2023–2030 (USD Billion)
18. Europe Varicose Vein Treatment Market, By Type, 2023–2030 (USD Billion)
19. Europe Varicose Vein Treatment Market, By End-User 2023–2030 (USD Billion)
20. Germany Varicose Vein Treatment Market, By Type, 2023–2030 (USD Billion)
21. Germany Varicose Vein Treatment Market, By End-User 2023–2030 (USD Billion)
22. France Varicose Vein Treatment Market, By Type, 2023–2030 (USD Billion)
23. France Varicose Vein Treatment Market, By End-User 2023–2030 (USD Billion)
24. UK Varicose Vein Treatment Market, By Type, 2023–2030 (USD Billion)
25. UK Varicose Vein Treatment Market, By End-User 2023–2030 (USD Billion)
26. Italy Varicose Vein Treatment Market, By Type, 2023–2030 (USD Billion)
27. Italy Varicose Vein Treatment Market, By End-User 2023–2030 (USD Billion)
28. Spain Varicose Vein Treatment Market, By Type, 2023–2030 (USD Billion)
29. Spain Varicose Vein Treatment Market, By End-User 2023–2030 (USD Billion)
30. Asia Pacific Varicose Vein Treatment Market, By Type, 2023–2030 (USD Billion)
31. Asia Pacific Varicose Vein Treatment Market, By End-User 2023–2030 (USD Billion)
32. Japan Varicose Vein Treatment Market, By Type, 2023–2030 (USD Billion)
33. Japan Varicose Vein Treatment Market, By End-User 2023–2030 (USD Billion)
34. China Varicose Vein Treatment Market, By Type, 2023–2030 (USD Billion)
35. China Varicose Vein Treatment Market, By End-User 2023–2030 (USD Billion)
36. India Varicose Vein Treatment Market, By Type, 2023–2030 (USD Billion)
37. India Varicose Vein Treatment Market, By End-User 2023–2030 (USD Billion)
38. South America Varicose Vein Treatment Market, By Type, 2023–2030 (USD Billion)
39. South America Varicose Vein Treatment Market, By End-User 2023–2030 (USD Billion)
40. Brazil Varicose Vein Treatment Market, By Type, 2023–2030 (USD Billion)
41. Brazil Varicose Vein Treatment Market, By End-User 2023–2030 (USD Billion)
42. Middle East and Africa Varicose Vein Treatment Market, By Type, 2023–2030 (USD Billion)
43. Middle East and Africa Varicose Vein Treatment Market, By End-User 2023–2030 (USD Billion)
44. UAE Varicose Vein Treatment Market, By Type, 2023–2030 (USD Billion)
45. UAE Varicose Vein Treatment Market, By End-User 2023–2030 (USD Billion)
46. South Africa Varicose Vein Treatment Market, By Type, 2023–2030 (USD Billion)
47. South Africa Varicose Vein Treatment Market, By End-User 2023–2030 (USD Billion)

List of Figures 

1. Global Varicose Vein Treatment Market Segmentation
2. Varicose Vein Treatment Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Varicose Vein Treatment Market Attractiveness Analysis By Type
9. Global Varicose Vein Treatment Market Attractiveness Analysis By End-User
10. Global Varicose Vein Treatment Market Attractiveness Analysis By Region
11. Global Varicose Vein Treatment Market: Dynamics
12. Global Varicose Vein Treatment Market Share By Type (2023 & 2030)
13. Global Varicose Vein Treatment Market Share By End-User (2023 & 2030)
14. Global Varicose Vein Treatment Market Share by Regions (2023 & 2030)
15. Global Varicose Vein Treatment Market Share by Company (2021)