Varicose Vein Treatment Market Share, Overview, 2024-2032
Varicose Vein Treatment Market Share, Overview, 2024-2032

Varicose Vein Treatment Market Share, Size, Trends, Industry Analysis Report, By Treatment Mode (Endovenous Ablation, Injection Sclerotherapy, Surgical Ligation/Stripping); By Products; By End User; By Region; Segment Forecast, 2024 - 2032

  • Published Date:Jan-2024
  • Pages: 116
  • Format: PDF
  • Report ID: PM3848
  • Base Year: 2023
  • Historical Data: 2019-2022

Report Outlook

The global varicose vein treatment market was valued at USD 1177.37 million in 2023 and is expected to grow at a CAGR of 6.40% during the forecast period.

Varicose veins are bulging and swollen veins that most frequently appear on the legs and feet. They often look lumpy, enlarged, or twisted and can be blue or dark purple in color. Weak or damaged vein walls and valves are the primary cause of varicose veins. Genetics, blood clot history, and tobacco usage are other risk factors for varicose vein problems. According to specialists, wearing high heels might contribute to the development of varicose veins. One of the major causes of varicose veins is a lack of ankle flexion. People are busy with office work. This is leading to low workplace mobility and ankle flexion.

Varicose Vein Treatment Market Size

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Additionally, aging contributes to the development of varicose veins since the veins that regulate blood flow tend to deteriorate with time. Furthermore, prolonged sitting, strenuous lifting, and standing can cause varicose vein problems. According to Danish research, long-standing at the workplace leads to a higher chance of having a high risk of hospitalization, as it leads to varicose vein issues in around one-fifth of all classes of the working age. As the rising employment opportunities, which have long-standing hours, will lead to an increase in varicose vein issues, this will further create demand for their treatment in the coming years.

Industry Dynamics

Growth Drivers

Growing cases of varicose veins

Growing cases of varicose veins are one of the primary factors driving demand for effective varicose vein treatments. According to the National Institutes of Health's prediction, 60% of men and women have a vein problem of some kind. This demonstrates the prevalence of more varicose vein cases among the world's population. In addition, discomfort, pain, and other symptoms brought on by varicose veins can lower a person's quality of life. People are realizing that medication can reduce these symptoms, enabling them to live more comfortably and actively. People can now more easily learn about varicose veins and the potential treatments due to the availability of online resources, patient testimonials, and educational materials. If the varicose vein is neglected, it can lead to several health issues, including leg ulcers and, eventually, amputations. This awareness is driving people all over the world to get treatment for varicose veins as soon as possible, driving its demand in the future.

Report Segmentation

The market is primarily segmented based on treatment mode, products, end user and region.

By Treatment Mode

By Products

By End User

By Region

  • Endovenous Ablation
  • Injection Sclerotherapy
  • Surgical Ligation/Stripping

 

  • Ablation Devices
  • Radiofrequency Ablation Devices
  • Laser Ablation Devices
  • Venous Closure Products

 

 

  • Hospitals
  • Ambulatory Surgical Centres
  • Specialized Clinics

 

 

  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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By Treatment Mode Analysis

Endovenous Ablation segment is expected to witness fastest growth during forecast period

The Endovenous Ablation segment is expected to have faster growth for the varicose vein treatment market. Endovenous ablation involves placing a tiny catheter inside the troubled vein, which releases energy (such as laser or radiofrequency) to seal off the vein. Using this minimally invasive method, fewer extensive surgical procedures are necessary, and only a minor incision is needed. Patients are frequently drawn to therapies that reduce trauma and scarring, driving many patients to go for this treatment.

Furthermore, endovenous ablation provides patients with a more comfortable procedure compared to more common surgical techniques like ligation or stripping. Because the surgery is frequently done as an outpatient, hospital stays are usually shorter or don't require any overnight stays. Its popularity is expanding due to its ease and lower hospitalization time. These factors enabled patients to prefer this treatment method during the study period.

By Products Analysis

Radiofrequency Ablation Devices segment accounted for the largest market share in 2022

The Radiofrequency Ablation Devices segment held the largest market share for the market in the study period. In many different medical applications, radiofrequency ablation has proven to be quite effective. It is a highly sought-after therapeutic option due to its effectiveness in treating problems like varicose veins, heart arrhythmias, and certain tumors. In addition, due to their accuracy, controlled energy delivery, and proven therapeutic results, radiofrequency ablation devices are frequently trusted by healthcare professionals. Patients' treatment decisions are greatly influenced by physician endorsement and counsel, driving its adoption by people to treat varicose veins in the coming years.

By End User Analysis

Specialized Clinics segment is expected to hold the larger revenue share over forecasted period

Specialized Clinics segment is projected to witness a larger revenue share in the coming years. Many specialized clinics only treat vascular and vein-related disorders. Patients looking for specialized and all-encompassing care find them to be appealing options due to their knowledge of varicose vein therapy. Furthermore, depending on the individual demands of each patient, specialized clinics can provide personalized treatment plans. This individualized method raises patient satisfaction and motivates them to seek out specialized care.

Moreover, these clinics frequently make investments in cutting-edge machinery and technology made especially for the treatment of varicose veins. Advanced tools are readily available, which helps with excellent outcomes and patient assurance. These factors are contributing to the demand for specialized clinics for treating varicose veins.

By Regional Analysis

APAC dominated the global market with the highest growth rate in the study period

APAC registered a higher growth rate for the varicose vein treatment market. This region is experiencing an increase in awareness about varicose vein issues, especially in India. It is conducting awareness programs like walkathons to fuel awareness among the general public. Rela Hospital & Rotary Club of Madras initiated the "Let us Win Over Varicose Veins – Walk for Well-Being Walkathon" in Chennai.

This health issue is occurring due to a lack of exercise and walking—basically, mobility in the legs. As people become more aware of these health problems, they will likely know how to treat their varicose veins, driving demand for the market in the coming years. Additionally, urbanization frequently results in a sedentary lifestyle and prolonged periods of sitting or standing, which can aggravate varicose veins. The prevalence of varicose veins is projected to increase as urbanization proceeds, increasing the demand for treatments.

North America is expected to have a larger revenue share of the market. The people in the region are witnessing higher cases of varicose veins issues. According to the Society for Vascular Surgery, around 35% of Americans are affected by varicose vein issues every year. Varicose veins are becoming more common as a result of our sedentary lives, prolonged sitting, and a lack of exercise. This has increased the need for therapy.

People are more likely to act when a large fraction of the population is affected by a certain condition. The fact that many Americans suffer from varicose veins may persuade those who have been exhibiting symptoms to seek medical attention and treatment. Furthermore, varicose vein therapy is being sought after not only for medical but also cosmetic reasons, which is increasing demand for procedures that enhance the appearance of the legs. These factors are driving the demand for varicose vein treatment in this region during the forecast period.

Competitive Insight

The Varicose Vein Treatment market is fragmented and is anticipated to witness competition due to several players' presence. Major service providers in the market are constantly upgrading their technologies to stay ahead of the competition and to ensure efficiency, integrity, and safety. These players focus on partnership, product upgrades, and collaboration to gain a competitive edge over their peers and capture a significant market share.

Some of the major players operating in the global market include

  • Alma Lasers
  • Alna-Medical System
  • AngioDynamics
  • Dornier Medtech
  • Energist
  • Intros Medical Laser
  • I-VASC
  • LSO Medical
  • Medtronic
  • Syneron Medical
  • Theraclion
  • WON TECH

Recent Developments

  • In June 2023, Theracelion received approval from US FDA clearance to launch a brand-new pivotal clinical trial evaluating the Sonovein device for the treatment of primary great saphenous vein insufficiency.
  • In February 2023, US Heart & Vascular entered partnership with Houston-based Orion Medical, a cardiovascular physician practice with a focus on the diagnosis, prevention, & treatment of heart & vascular disease, as well as varicose vein therapies, sleep medicine, & clinical research.

Varicose Vein Treatment Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 1249.54 million

Revenue forecast in 2032

USD 2,052.48 million

CAGR

6.40% from 2024 - 2032

Base year

2023

Historical data

2019 - 2022

Forecast period

2024 - 2032

Quantitative units

Revenue in USD million and CAGR from 2024 to 2032

Segments covered

By Treatment Mode, By Product, By End User, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

FAQ's

The global varicose vein treatment market size is expected to reach USD 2,052.48 million by 2032.

Key players in the varicose vein treatment market are AngioDynamics, Medtronic, Syneron Medical, Alma Lasers, Alna-Medical System.

Asia Pacific contribute notably towards the global varicose vein treatment market.

The global varicose vein treatment market is expected to grow at a CAGR of 6.4% during the forecast period.

The varicose vein treatment market report covering key segments are treatment mode, products, end user and region.