In this report, the varicose vein treatment market is broadly segmented into mode of treatment, products, and region. Shift towards less-invasive treatment procedures, availability of advanced varicose vein treatment devices, huge burden of varicose vein cases in North America and Europe, improving patient compliance & reliability, growing healthcare expenditure, and rapid growth in aging population are the major drivers of the varicose vein treatment market.
The major players in the varicose vein treatment market Medtronic plc (Ireland); AngioDynamics, Inc. (U.S.); biolitec AG (Austria); Syneron Medical Ltd. (Israel); Lumenis Ltd. (Israel); Dornier MedTech GmbH (Germany); Energist Group (U.K.); Eufoton s.r.l. (Italy); Vascular Solutions, Inc. (U.S.); Quanta System S.p.A. (Italy); Sciton, Inc. (U.S.); Fotona d.o.o. (Slovenia); BTG plc (U.K.); and Merz Aesthetics (U.S.). Currently, the varicose vein treatment market is dominated by Medtronic plc followed by AngioDynamics, Inc. and biolitec AG. Moreover, Medtronic is expected to maintain its leadership position in the varicose vein treatment market during the forecast period due to recently launched innovative products and strategic acquisitions to strengthen its geographic reach and enhance its product portfolio.
The varicose vein treatment market in North America and Europe is expected to grow at a CAGR of 6.9% from 2016 to 2021. Analysis of the market developments between 2013 and 2016 reveals that new product launches and acquisitions were the most important growth strategies followed by key market players. These strategies were adopted by major players such as Medtronic plc (Ireland); AngioDynamics, Inc. (U.S.); biolitec AG (Austria); Syneron Medical Ltd. (Israel); Lumenis Ltd. (Israel) during the period of 2013 - 2016.
Varicose Vein Treatment Market in North America and Europe by Treatment Mode (Endovenous Ablation, Sclerotherapy, Stripping), Products (Laser & RF Ablation, Venous Closure, Surgical) - Forecasts to 2021
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