Endovenous Laser Therapy Market

Rising cases of varicose veins expected to positively impact revenue growth of the endovenous laser systems segment over the forecast period

Rising number of patients with varicose veins globally is driving the growth of the endovenous laser systems segment. Varicose veins are more prominent in female patients as compared to male patients. Besides, increasing cases of varicose veins due to an ageing population is a common problem across the globe. Change in lifestyle with no physical activity can also lead to varicose veins.

Pregnant women are at high risk of varicose veins due to the baby causing increased pressure on the veins and partly due to hormones produced during pregnancy that tend to relax vein walls. Sometimes injury caused in a deep leg vein may also lead to varicose veins. Increasing cases of patients affected by varicose veins are expected to fuel revenue growth of the endovenous laser systems segment over the forecast period.

Another factor creating a positive impact on the endovenous laser systems segment is the fast and effective procedure provided by endovenous laser therapy to treat varicose veins as compared to traditional vein surgery. The procedure requires local anaesthesia and results in minimal discomfort. The success rate of the therapy is also high. Growing demand for endovenous laser therapy is boosting the adoption of endovenous laser systems, thereby fuelling segmental revenue growth.

Medical device manufacturers operating in the global endovenous laser therapy market are focussing on providing user-friendly devices to end users for minimising chances of manual errors. Devices with features like faster procedure setup, intuitive user interface with fewer buttons and portable devices are being manufactured by companies operating in this market to attract a larger customer base.

Features like data storage, compatibility with patient Data Management Software to manage records are also being offered in these devices. This is expected to fuel adoption and subsequently revenue growth of the endovenous laser systems segment.

Endovenous laser systems segment anticipated to be the most attractive product type segment in the North America endovenous laser therapy market

Endovenous laser systems segment is the most attractive segment in the North America endovenous laser therapy market, recording a market attractiveness index of 1.9 during the forecast period. Increasing prevalence of obesity in North America is expected to primarily impact revenue growth of the endovenous laser systems segment over the forecast period.

The surge in demand for varicose veins treatment procedures owing to increasing number of patients suffering from varicose veins in China is anticipated to result in increasing adoption of endovenous laser systems in China, thereby adding to the market attractiveness of this segment in the country and subsequently in the APEJ region.

Increasing availability of technologically advanced products especially in developed countries is expected to fuel the endovenous laser systems segment revenue in the Western Europe endovenous laser therapy market over the forecast period. In Eastern Europe, Russia is predicted to experience a high growth rate as compared to other countries owing to government initiatives for meditec progress in the country.

The key segments covered in this report are as under:

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• MEA

By End User

• Hospitals
• Ambulatory Surgical Centres
• Specialised Clinics

By Product

• Endovenous Laser Systems
  • Diode Lasers
  • YAG Lasers
• Endovenous laser Fibres
  • Bare Tip Laser Fibre
  • Radial Tip Laser Fibre
  • Gold Tip Laser Fibre