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The global varicose vein treatment devices market size was USD 1.3 Billion in 2022 and is expected to register a revenue CAGR of 6% over the forecast period, according to the latest report by Reports and Data.
Varicose veins, which typically appear in the legs as twisted, bulging, swollen veins, can be painful, unpleasant, and ugly. Around 23% of Americans have varicose veins, which mandates the employment of efficient and cutting-edge treatment techniques, according to the National Institutes of Health (NIH).
Due to their great efficacy, low complication rates, and fast recovery periods, minimally invasive varicose vein therapy procedures such as Radiofrequency Ablation (RFA) and Endovenous Laser Treatment (EVLT) are in high demand. Another reason driving the popularity of these procedures is technological advancements, such as the development of advanced laser fibres and catheter-based systems that enable accuracy and improved patient results. Although favourable reimbursement rules for these surgeries are boosting market revenue growth.
The need for varicose vein treatment equipment is increasing across a number of end-use sectors, including hospitals, clinics, and ambulatory surgery centres. Moreover, it is anticipated that increasing rates of lifestyle-related diseases including diabetes, hypertension, and obesity would fuel market revenue growth.
The usage of varicose vein treatment equipment is rising as the world’s ageing population, particularly in developed countries, becomes older. For instance, the need for efficient and effective alternatives to varicose vein therapy will increase given that by 2050, there will be around 1.5 billion individuals in the globe who are 65 years of age or older.
Additionally, increased use of high-quality and secure varicose vein treatment devices as a result of severe government regulations addressing medical equipment safety and efficacy is boosting market revenue growth. For example, the Food and Drug Administration (FDA) in the United States oversees and licences medical devices used to treat varicose veins.
Some of the prominent players profiled in the global varicose vein treatment devices market include Medtronic plc., Boston Scientific Corporation, AngioDynamics, Inc., Lumenis Ltd., Syneron Medical Ltd., Dornier MedTech GmbH, Alma Lasers Ltd., Energist Ltd., Sciton Inc., Merz Pharma GmbH & Co. KGaA, BTG International Ltd., Biolitec AG, Integra LifeSciences Corporation, Diomed, Inc., and Vascular Solutions, Inc.
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Market Overview:
The research report assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. The report estimates the market size, market growth, and provides an accurate forecast for the key segments of the market for the forecast period of 2023-2032. The report also covers an in-depth analysis of the key competitors of the market, along with their growth strategies and business expansion plans.
The Varicose Vein Treatment Devices has been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Varicose Vein Treatment Devices.
Further key findings from the report suggest,
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For the purpose of this report, Reports and Data has segmented the global varicose vein treatment devices market on the basis of Product Type Outlook, End-use Outlook, and Regional Outlook:
Product Type Outlook (Revenue, USD Billion; 2022 – 2032)
End-use Outlook (Revenue, USD Billion; 2022 – 2032)
Regional Outlook (Revenue, USD Billion; 2022-2032)
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Key Advantages of Varicose Vein Treatment Devices Report:
Conclusively, all aspects of the Varicose Vein Treatment Devices are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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The post Global Varicose Vein Treatment Devices Market Size Hit USD 2.2 Billion at a CAGR of 6% In 2032 appeared first on Market O Graphics.