Varicose Veins Treatment Market - Growth, Trends, and Forecast (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||921278|
|出版日期||內容資訊||英文 114 Pages
|靜脈瘤治療的全球市場:成長，趨勢，及預測 Varicose Veins Treatment Market - Growth, Trends, and Forecast (2020 - 2025)|
|出版日期: 2020年01月01日||內容資訊: 英文 114 Pages||
The market for varicose veins is majorly driven by factors such as growing preference of the general population for minimally invasive surgeries, rising geriatric population, and the technological advancements in the devices used for this treatment.
It has been found that nearly 23% of the US adults are having varicose veins and it is more common in older women. Varicose veins affect 22 million women and 11 million men between the ages of 40 to 80 years. In the United Kingdom, diagnosis and treatment of varicose veins include a significant part of the surgical workload. In the UK, National Health Service waiting lists suggest that there is still a considerable unmet need which is posing an opportunity for the companies to establish a better market. Also, developing countries such as India and South Africa are also facing issues while dealing with the varicose veins as there are high unmet needs.
However, with the technological advancements and growing focus on the improvised healthcare system, it is believed that the market will witness steady growth over the forecast period in most of the developing nations. In terms of market size, developed regions such as North America and Europe hold the highest share.
Varicose veins are the superficial veins that become enlarged and twisted and are present under the skin in the legs. The varicose veins treatment market includes the type of treatment and the devices used for the same.
Laser Ablation Devices to Witness Considerable Growth Over the Forecast Period
Laser Ablation treatment does not include long hospital stays of discomfort during the recovery which is a positive factor for the patients who are being treated for this disease. The disease is treated with various types of treatment including self-treatment. However, with the help of novel technologies, there has been a large use of lasers for the varicose veins.
This new technology of lasers enables the doctors to close off the smaller varicose veins and spider veins. This treatment allows the strong bursts of light onto the vein making affected veins disappear or fade. The use of laser treatment is increasing across the developed nations as people are able to afford the cost of treatment required and there is no needle or incision is needed for this type of treatment. Also, there is a huge competition among the local laser manufacturers that are into the varicose vein lasers. With the upcoming advancements in lasers and the ease of treatment provided by the same, it is expected that the segment will grow in the future.
Furthermore, laser devices are also used widely for the treatment of diseases such as Peripheral Arterial Disease (PAD) which is a risk factor for the occurrence of varicose veins. Hence, it is indicated that the prevalence of PAD is also affecting the growth of laser devices for varicose veins in a positive manner.
North America Dominates the Market
North America holds the largest share of the market studied and it is believed to follow the same trend over the forecast period. The major factors contributing to the growth of this market in North America include the presence of the developed healthcare system in the United States and the presence of companies that allows easier product availability in the market. Furthermore, due to the favorable reimbursement scenario, people across the United States are able to get the treatment with less cost.
Added to that, the rising prevalence of varicose veins is another factor propelling the growth of the market studied. For instance, the prevalence of varicose veins given by the Chicago Vein Institute is around 55% in women and 45% in men across the United States. It has been suggested by the same institute that there are around 40 million people in the United States suffering from varicose veins.
The market for varicose veins treatment is moderately competitive and comprises most of the local players. There are few international companies that are into this business but the overall market is majorly controlled by the local companies in different geographies. With the growing medical devices market, it is believed that more companies will penetrate the market and hold a substantial share over the forecast period.