According to Syndicate Market Research, the global varicose veins treatment market size was valued at about USD 798 million in 2023 and is predicted to grow to around USD 1,447 million by 2030 with a compound annual growth rate (CAGR) of approximately 6.84% during the forecast period (2024 – 2030).
Varicose Veins Treatment Market: Overview
Varicose veins are a pathological state distinguished by the constriction and twisted appearance of vessels. Although it can manifest in superficial veins near the epidermis, this condition is most frequently observed in the veins of the lower extremities. Activity-induced persistent pressure on these veins, such as that caused by walking or standing for extended periods, may contribute to their progression. Varicose veins can manifest as either a cosmetic concern or a medical issue necessitating medical intervention, depending on the individual.
The severity of varicose veins can differ, as certain cases may require medical intervention (e.g., vein excision procedures), whereas others may be effectively managed via self-care practices. This condition is generally not accompanied by substantial discomfort. One of the frequent manifestations is the development of dark blue, twisted capillaries. Patients may occasionally encounter distress such as leg heaviness and pruritus in the vicinity of the affected veins. Prolonged periods of seating or standing may result in increased pain, and the skin surface adjacent to the varicose veins may display unique attributes in comparison to the adjacent regions.
Varicose Veins Treatment Market: Growth Drivers
The increased number of people with varicose veins will boost the global market. Varicose veins originate from vein valves or wall weakness. Veins have one-way valves to direct blood flow. However, when the valves fail, blood can flow backward, creating leakage and blood collection in the veins, which can lead to varicose veins. Effective treatments are harder to establish because this illness has no clear etiology. There are certain types of people that are more likely to develop varicose veins. This condition is significantly more prevalent in females as compared to males. Those with a family history of varicose veins are also at risk.
Global Varicose Veins Treatment Market 2024 Size by Region
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Varicose Veins Treatment Market: Restraints
Endovenous laser therapy is a typical varicose vein treatment. EVLT reduces spider veins with laser heat. This surgery uses laser heat to seal or reduce veins, forming scar tissue. This scar tissue blocks the troublesome vein, shifting blood to healthier veins.
It is important to note that this surgery has significant hazards. These dangers include nerve injury, bruising, bleeding, infection, burns, treatment site redness or swelling, and skin color changes. Some patients may endure long-term discomfort after the procedure, which could limit the global market for this therapeutic option.
Varicose Veins Treatment Market: Opportunities
The worldwide varicose veins treatment market might observe larger potential opportunities due to the expanding strategic tactics adopted by the firms functioning in the category. With the acquisition of catheter therapy firm Venclose in 2021, BD entered the varicose vein treatment market. The acquisition, for an unknown amount, strengthened BD's medical presence. Venclose makes radiofrequency ablation catheters.
Varicose Veins Treatment Market: Challenges
The demand and supply of varicose vein treatment are separate from one another. One of the main causes of the gap is a lack of healthcare infrastructure for treatment and recovery.
Varicose Veins Treatment Market: Segmentation Analysis
The global varicose veins treatment market is segmented on the basis of end-user, product, and region.
Based on end-users, the global market is divided into hospitals, ambulatory surgical services, and specialized clinics. The segment of specialized clinics dominated the global market in 2021 as a result of the overwhelming influx of patients and the increasing number of successful surgeries. Individuals afflicted with varicose veins may occasionally undergo procedures for aesthetic purposes unrelated to their condition. These types of operations are conducted in specialized environments, which possess the requisite expertise and other essential materials. Cosmetic sclerotherapy is the most frequently used technique for the painless and rapid removal of microscopic spider veins. The duration of the outpatient procedure is approximately 30 to 45 minutes, during which time the patient may experience a brief, moderate burning sensation.
Based on product, the global market is divided into endovenous laser systems, endovenous laser fibers, and treatment methods. Endovenous laser systems led the global market in terms of revenue generation in 2021, owing to their substantial market share dominance. Endovenous laser systems accounted for more than 52% of the total revenue, owing to the non-invasive procedures' high demand and success rate. EVLA is a more sophisticated and efficacious technique that bears a resemblance to endovenous radiofrequency ablation.
Recent Advances:
Varicose Veins Treatment Market: Regional Analysis
The region of North America is anticipated to witness the most substantial development in the global market for varicose vein treatment, primarily attributed to the rising prevalence of patients afflicted with this condition. Varicose vessels impact over 36% of the population in the United States. Obesity is among the most significant contributors to the development of the condition.
According to a recent report published by the Trust for America's Health (TFAH), the prevalence of obesity among American adults is a significant percentage of 10%. Before ten years ago, according to the same report's findings, not a single state in the United States had an obesity rate exceeding 35%. Nevertheless, as of 2023, over 19 states have exceeded the threshold. The prevalence of obesity was recorded at 40.3% in Kentucky and 40.6% in West Virginia. Numerous potential biological, environmental, societal, and genetic factors could account for the elevated obesity index.
Report Attributes | Report Details |
---|---|
Report Name | Varicose Veins Treatment Market |
Market Size in 2023 | USD 798 million |
Market Forecast in 2030 | USD 1,447 million |
Growth Rate | CAGR of 6.84% |
Number of Pages | 130 |
Key Companies Covered | Alma Lasers Ltd., I-VASC , Dornier Medtech GmbH, Energist Ltd., LSO Medical, WONTECH Co., Ltd., and others. |
Segments Covered | By Product Type, By End User |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Varicose Veins Treatment Market: Competitive Landscape
Some of the major players covered in the global varicose veins treatment market are;
The global varicose veins treatment market is segmented as follows:
By End-Users
By Product
By Region
Frequently Asked Questions:
What are the key factors driving global varicose veins treatment market growth?
The global varicose vein treatment market is anticipated to expand due to the rising prevalence of medical conditions. Vein valves or walls that are weakened give rise to varicose veins.
What will be the CAGR of global varicose veins treatment market?
The global varicose veins treatment market is growing at a CAGR of around 6.84% during the forecast period (2024-2030).
What will be the value of the varicose veins treatment market during 2024- 2030?
According to Syndicate Market Research, the global varicose veins treatment market size was estimated at approximately USD 798 million in 2023 and is expected to generate revenue of around USD 1,447 million by 2030.
Which region will drive global varicose veins treatment market revenue?
North American region will dominate the global varicose veins treatment market.
Who are the key players operating in the global varicose veins treatment market growth?
Some major players covered in the global varicose veins treatment market are; Alma Lasers Ltd., I-VASC , Dornier Medtech GmbH, Energist Ltd., LSO Medical, WONTECH Co., Ltd., and others.
These players adopted different strategies so as to hold major market share in this market. Some of the major players in [keyword] industry includes. [players list]
Based on the [keyword] market analysis, North America is predicted to held the highest share in the [keyword] market during the forecast period.
The statistical data of the top market players of [keyword] industry can be obtained from the company profile section specified in the report. This section incorporates analysis of top player’s operating in the [keyword] industry as well as their last five-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue produced.
The study offers a decisive view on the [keyword] by segmenting the market based on [segment1], [segment2], and region.
The report gives a nitty-gritty assessment of the market by featuring data on various viewpoints that incorporate drivers, restraints, opportunities, and threats. This data can assist stakeholders in making suitable decisions before investing.
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1 Preface
1.Report Description and Scope
2. Research Scope
3. Research Methodology
1. Market Research Process
2. Market Research Methodology
2 Executive Summary
1. Varicose Veins Treatment Market, 2019-2030 (USD Million)
2. Varicose Veins Treatment Market: Snapshot
3 Varicose Veins Treatment - Industry Analysis
1. Varicose Veins Treatment: Market Dynamics
2. Market Drivers
1. Driver 1
2. .Driver 2
3. Restraints
1. Restraint 1
2. Restraint 2
4. Opportunity
1. Government funding and support
5. Porter’s Five Forces Analysis
6. Market Attractiveness Analysis
1. Market attractiveness analysis By Product Type
2. Market attractiveness analysis By Application
3. Market attractiveness analysis by Region
4. Varicose Veins Treatment Market - Competitive Landscape
1. Company market share analysis
1. Global Varicose Veins Treatment Market: company market share, 2020
2. Strategic development
1. Acquisitions & mergers
2. New Product launches
3. Agreements, partnerships, collaborations and joint ventures
4. Research and development and Regional expansion
3. Price trend analysis
5. Global Varicose Veins Treatment Market -By Product Type
1. Global Varicose Veins Treatment Market overview: By Product Type
1. Global Varicose Veins Treatment Market share, By Product Type,2023 and 2030
2. Endovenous Laser Systems
1. Global Varicose Veins Treatment Market by Endovenous Laser Systems, 2019-2030 (USD Million)
3. Endovenous Laser Fibers
1. Global Varicose Veins Treatment Market by Endovenous Laser Fibers, 2019-2030 (USD Million)
4. Treatment Method
1. Global Varicose Veins Treatment Market by Treatment Method, 2019-2030 (USD Million)
6. Global Varicose Veins Treatment Market -End-Users
1. Global Varicose Veins Treatment Market overview: By End-Users
1. Global Varicose Veins Treatment Market share, By Product Type,2023 and 2030
2. Hospitals
1. Global Varicose Veins Treatment Market by Hospitals, 2019-2030 (USD Million)
3. Ambulatory Surgical Services
1. Global Varicose Veins Treatment Market by Ambulatory Surgical Services, 2019-2030 (USD Million)
4. Specialized Clinics
1. Global Varicose Veins Treatment Market by Specialized Clinics, 2019-2030 (USD
7. Global Varicose Veins Treatment Market - Regional Analysis
1. Global Varicose Veins Treatment Market overview: by Region
1. Global Varicose Veins Treatment Market share, by Region, 2023 and 2030
2. North America
1. North America Varicose Veins Treatment Market, 2019-2030 (USD Million)
1. North America Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
1. North America Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
1. U.S. Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
2. U.S. Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
3. Canada Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
4. Canada Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
5. Mexico Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
6. Mexico Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
3. Europe
1. Europe Varicose Veins Treatment Market, 2019-2030 (USD Million)
1. Europe Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
1. Europe Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
1. UK Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
2. UK Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
3. Germany Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
4. Germany Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
5. France Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
6. France Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
7. Italy Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
8. Italy Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
9. Spain Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
10. Spain Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
11. Netherlands Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
12. Netherlands Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
13. Rest of Europe Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
14. Rest of Europe Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
4. Asia Pacific
1. Asia Pacific Varicose Veins Treatment Market, 2019-2030 (USD Million)
1. Asia Pacific Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
1.Asia Pacific Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
1. China Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
2. China Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
3. Japan Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
4. Japan Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
5. India Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
6. India Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
7. Australia Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
8. Australia Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
9. South East Asia Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
10. South East Asia Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
11.South Korea Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
12. South Korea Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
13. Rest of Asia Pacific Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
14. Rest of Asia Pacific Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
5. Latin America
1. Latin America Varicose Veins Treatment Market, 2019-2030 (USD Million)
1. Latin America Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
1. Latin America Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
2. Brazil Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
3. Brazil Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
4. Argentina Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
5. Argentina Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
6. Chile Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
7. Chile Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
8. Rest of Latin America Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
9. Rest of Latin America Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
6. Middle East & Africa
1. Middle East & Africa Varicose Veins Treatment Market, 2019-2030 (USD Million)
2. Middle East & Africa Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
3. Middle East & Africa Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
4. GCC Countries Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
5. GCC Countries Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
6. Nigeria Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
7. Nigeria Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
8. South Africa Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
9. South Africa Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
10. Rest of Middle East & Africa Varicose Veins Treatment Market revenue, By Product Type, 2019-2030 (USD Million)
11. Rest of Middle East & Africa Varicose Veins Treatment Market revenue, By Application, 2019-2030 (USD Million)
8. Company Profiles
1. Alma Lasers Ltd.
1. Overview
2. Financials
3. Product Portfolio
4. Business Strategy
5. Recent Developments
2. I-VASC
1. Overview
2. Financials
3. Product Portfolio
4. Business Strategy
5. Recent Developments
3. Dornier Medtech GmbH
1. Overview
2. Financials
3. Product Portfolio
4. Business Strategy
5. Recent Developments
4. Energist Ltd.
1. Overview
2. Financials
3. Product Portfolio
4. Business Strategy
5. Recent Developments
5. LSO Medical
1. Overview
2. Financials
3. Product Portfolio
4. Business Strategy
5. Recent Developments
6. WONTECH Co., Ltd.
1. Overview
2. Financials
3. Product Portfolio
4. Business Strategy
5. Recent Developments
List of Figures
Market research process
Market research methodology
Global Varicose Veins Treatment Market, 2019-2030 (USD Million)
Porter’s Five Forces Analysis
Global Varicose Veins Treatment Market attractiveness, By Product Type
Global Varicose Veins Treatment Market attractiveness, By End User
Global Varicose Veins Treatment market share, By Product Type, 2023 and 2030
Global Varicose Veins Treatment Market by Endovenous Laser Systems, 2019-2030 (USD Million)
Global Varicose Veins Treatment Market by Endovenous Laser Fibers, 2019-2030 (USD Million)
Global Varicose Veins Treatment Market by Treatment Method, 2019-2030 (USD Million)
Global Varicose Veins Treatment market share, By End-Users, 2023 and 2030
Global Varicose Veins Treatment Market by Hospitals, 2019-2030 (USD Million)
Global Varicose Veins Treatment Market by Ambulatory Surgical Services, 2019-2030 (USD Million)
Global Varicose Veins Treatment Market by Specialized Clinics, 2019-2030 (USD Million)
North America Varicose Veins Treatment Market, 2019-2030 (USD Million)
Europe Varicose Veins Treatment Market, 2019-2030 (USD Million)
Asia Pacific Varicose Veins Treatment Market, 2019-2030 (USD Million)
Latin America Varicose Veins Treatment Market, 2019-2030 (USD Million)
Middle East & Africa Varicose Veins Treatment Market, 2019-2030 (USD Million)
List of Tables
Global Varicose Veins Treatment Market: snapshot
Drivers of the Varicose Veins Treatment Market: impact analysis
Restraints of the Varicose Veins Treatment Market: impact analysis
North America Varicose Veins Treatment Market revenue, By Product Type,2019-2030 (USD Million)
North America Varicose Veins Treatment Market revenue, By Application,2019-2030 (USD Million)
Europe Varicose Veins Treatment Market revenue, By Product Type,2019-2030 (USD Million)
Europe Varicose Veins Treatment Market revenue, By Application,2019-2030 (USD Million)
Asia Pacific Varicose Veins Treatment Market revenue, By Product Type,2019-2030 (USD Million)
Asia Pacific Varicose Veins Treatment Market revenue, By Application,2019-2030 (USD Million)
Latin America Varicose Veins Treatment Market revenue, By Product Type,2019-2030 (USD Million)
Latin America Varicose Veins Treatment Market revenue, By Application,2019-2030 (USD Million)
Middle East & Africa Varicose Veins Treatment Market revenue, By Product Type,2019-2030 (USD Million)
Middle East & Africa Varicose Veins Treatment Market revenue, By Application,2019-2030 (USD Million)
1.1 Research Methodology
The process of market research at Syndicate Market Research is an iterative in nature and usually follows following path. Information from secondary is used to build data models, further the results obtained from data models are validated from primary participants. Then cycle repeats where, according to inputs from primary participants, additional secondary research is done and new information is again incorporated into data model. The process continues till desired level of information is not generated.
To calculate the market size, the report considers the revenue generated from the sales of the market providers. The revenue generated from the sales of market is calculated through primary and secondary research. The key players operating in the market across the globe are identified through secondary research and a corresponding detailed analysis of the top vendors in the market is done. The market size calculation also includes clinical trial phase segmentation determined using secondary sources and verified through primary sources.
1.2 Secondary Research
The secondary research sources that are typically referred to include, but are not limited to:
The sources for secondary research includes but is not limited to: Factiva, Hoovers and Statista
1.3 Primary Research
We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions:
The participants who typically take part in such a process include, but are not limited to:
1.4 Models
Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data types to produce estimates:
Data is then cross checked by the expert panel.
1.4.1 Company Share Analysis Model
Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:
1.4.2 Revenue Based Modeling
Revenue based models can be built in two ways - Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach where as it acts as starting point for top-down approach.
1.5 Research Limitations
Inflation is not a part of pricing in this report. Prices of the products and its derivatives vary in each region and hence similar revenue ratio does not follow for each individual region. The same price for each type has been taken into account while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down this market by end user in each region.
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