An Incisive, In-depth Analysis on the Varicose Veins Treatment Devices Market
This study offers a comprehensive, 360 degree analysis on the Varicose Veins Treatment Devices market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Varicose Veins Treatment Devices market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
User-friendly devices with a greater focus on safety and efficiency will dominate the global market
Medical device manufacturers in the global varicose vein treatment market are looking to provide user-friendly devices to reduce the probability of manual errors. Portable devices with quicker procedural setup and an intuitive user interface are being provided by manufacturers in the global varicose vein treatment market to increase their customer base. Features including patient data management software compatibility and data storage are being offered by these devices. In addition to this, there is a greater focus on enhancing safety features in the global varicose vein treatment market to minimise the chances of injury and substantially improve patient safety. Manufacturers are continually launching new and improved products in the varicose vein treatment market with particular emphasis on R&D in endoveneous laser therapy and this should lead to significant market growth during the entire forecast period.
Endovenous laser ablation has been rapidly adopted by U.S clinics
Veins in the lower extremity of the body are divided into further branched veins that lie superficially to the muscle fascia. Perforating veins cross the muscle fascia and link the deep veins beneath the fascia to the superficial veins. Recent global trends for treating lower extremity chronic venous disease is helped in no small part by using endovenous laser ablation. This is a critical component that should benefit the varicose vein treatment market over the duration of the study period. In a few countries such as the U.S., endoveneous laser therapy is primarily performed in clinics as opposed to hospitals to eliminate the long-waiting times typical of hospital settings. Therefore, physicians have quickly warmed up to laser therapy systems. In addition to this, a rising number of ABVLM-certified physicians is further boosting their ability to perform minimally invasive laser therapy to treat varicose veins. As of November 2016, there were about 750 ABVLM-certified physicians in the U.S. specialising in vascular and vein care, and this number is only expected to go up going forward.
Endovenous laser systems to remain the largest segment in the foreseeable future
The endovenous laser systems segment by treatment type is anticipated to register a CAGR of 7.3% in terms of value for the period 2016-2026. The endovenous laser systems segment accounted for just over half the total varicose vein treatment market share in the year 2016 and was valued at slightly above US$ 250 Mn. The endovenous laser systems segment is expected to gain 460 BPS during the course of the 10 year study. At the end of 2016, the treatment segment accounted for a little more than 45% value share of the global varicose vein treatment market and it is predicted to touch a value of almost US$ 380 Mn by the year 2026, with a CAGR of 5.3% during the forecast period. An absolute dollar opportunity of a little more than US$ 15 Mn in 2017 over 2016 can be expected for the endovenous laser systems segment in the global varicose vein treatment market. Revenue from the endovenous laser systems segment is anticipated to be more than US$ 500 Mn by the year 2026.
Endovenous laser fibres to be just a little behind the endovenous laser systems segment
The endovenous laser fibres segment was worth more than US$ 20 Mn in the year 2015 and is anticipated to register a CAGR of 6.3% for the entire forecast period. An absolute dollar opportunity of more than US$ 1 Mn in 2017 over 2016 can be expected in the endovenous laser fibres segment of the global varicose vein treatment market. The revenue derived from the endovenous laser fibres segment is likely to be close to US$ 43 Mn by the end of the study period.
Future Market Insights, in a new report titled ‘Varicose Vein Treatment Market: Global Industry Analysis and Opportunity Assessment 2016–2026’ has studied the global varicose vein treatment market for a 10 year period from 2016 to 2026. We have analysed the global varicose vein treatment market on the basis of absolute dollar opportunity, incremental dollar opportunity, and CAGR as well as Y-o-Y growth rate. We have provided an idea of where the global varicose vein treatment market is at present and where it is expected to be at the end of the decadal study.
Before entering any market, an individual or organisation should ideally understand the market dynamics. This is exactly what we provide in the market dynamics section of the global varicose vein treatment market report. We begin with highlighting a few of the macro-economic factors that impact the varicose vein treatment market. We have spoken at length about the drivers from both the supply as well as demand side and then moved onto the restraints, opportunities and the relevance and impact of certain forecast factors on the overall varicose vein treatment market. Market attractiveness analysis on a regional basis completes this critical section of the global varicose vein treatment market report.
After this section, our reader may wish to further analyse the varicose vein treatment market. That is the sole purpose of the market analysis scenario section wherein we have made a few assumptions with respect to pricing along with the projected pricing that can be expected in every region studied in the varicose vein treatment market report. The market size in terms of U.S dollars, Y-o-Y growth and lastly the absolute dollar opportunity are highlighted here for our readers’ quick perusal.
The next step after a comprehensive study of the varicose vein treatment market dynamics is to evaluate the kind of competition one can expect to encounter in the global varicose vein treatment market. In our competition dashboard, we have profiled some of the major players in the global varicose vein treatment market. We have touched upon the company overview, key financials, market strategies adopted as well as recent developments concerning the particular company.
For the purpose of our report, we have divided the global varicose vein treatment market into seven distinct geographic regions viz. North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and MEA. We have a separate chapter for each region wherein we highlight country specific Basis Point Share and Y-o-Y growth projections along with certain regulations that should exclusively apply to that region. A market forecast of the most important countries follows, along with a forecast on the basis of Treatment as well as End User. Varicose vein treatment market attractiveness analysis on the basis of this segmentation completes this section of the varicose vein treatment market report.
A few of our readers may wish to understand as much as they can about the varicose vein treatment market in the shortest time frame. The executive summary and market introduction caters to the requirement of such readers. The executive summary is a brief overview of the global varicose vein treatment market that includes information related to CAGR, largest end user, largest geographic region, and the important drivers, challenges and trends. We have used attractive graphical images in this section to enable the reader to quickly glean information. The executive summary also suggests the key segments and target countries to focus upon, along with differentiating strategies adopted by major stakeholders operating in the global varicose vein treatment market.
The executive summary is followed by the market introduction where we have given the definition along with the taxonomy of the global varicose vein treatment market.
By End User
By Treatment Type
We have made a number of assumptions and have also used certain acronyms throughout the global varicose vein treatment market report. Both have been explained in their own section to eliminate any confusion our readers may have.
One-of-a-kind Research Methodology
The research methodology deployed by Future Market Insights can be considered amongst the best practices in the industry. Our analysts perform exhaustive primary and secondary research to arrive at overall numbers in the varicose vein treatment market. A list of market players across the value chain that includes manufacturers, distributors and technology developers is created as the next step. We then develop a questionnaire for every node in the value chain to gain the required varicose vein treatment market information. After all the data has been accumulated, we validate it using the triangulation method wherein primary and secondary data is combined with our expert analysis to arrive at the final output. This is lastly scrutinised using advanced, proprietary tools to gain the necessary qualitative and quantitative insights into the global varicose vein treatment market.