The global varicose veins treatment market is anticipated to grow at a CAGR of around 6% during the forecast period. The major factor that drives the growth of the varicose veins treatment market includes the increased prevalence of varicose veins cases across the globe. As per the article released by the Journal of Family Medicine and Primary Care 2020, the incidence of varicose veins varies between 10-60% across the globe. The incidences of varicose veins are comparatively 30% higher in Asia than in the Western region. Varicose veins are caused by weak or damaged vein walls and valves; they form whenever blood pressure increases inside veins. Pregnancy, constipation, tumor, and obesity are some of the cases that cause varicose veins.
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The rising geriatric population, prolonged standing hours at work, and smoking are some other major risk factors for the development of varicose veins. As per the Department of Surgery, University of Wisconsin School of Medicine and Public Health, in 2018, in the US, around 1 to 4 adults are diagnosed with varicose veins. The prevalence of varicose veins is likely to increase to 1 in 2 adults among people of age above 50 years. Hence, the increasing burden of varicose veins is anticipated to prompt the demand for the proper varicose veins treatment market globally during the forecast period.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Medical Procedure
Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Medtronic plc, AngioDynamics, Inc., Biolitec AG, Lumenis Ltd., Quanta Systems S.p.A., and Eufoton S.R.L
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Varicose Veins Treatment Market Report Segment
By Medical Procedure
- Endovenous Ablation
- Sclerotherapy
- Stripping
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