The introduction of non-invasive and minimally invasive surgical procedures, endovenous procedures for the treatment of varicose veins, substantiates the market growth excellently. Also, methods, such as thermal ablation, treat varicose veins without any surgical intervention, which increases its popularity and subsequently influence patient preferences. According to Market Research Future (MRFR), the global varicose veins treatment market had created a value of USD 415.9 MN in 2017.

This market valuation is further projected to appreciate at 7.4% CAGR over the forecast period (2018 – 2023). Certainly, advances in medical technologies act as a key driving force for the growth of the market. Advances that have proven effective in bringing the ease in treatments influence the market growth. The emergence of advanced treatment procedures that have delivered improved outcomes and quality of life of patients is a major tailwind behind the growth of the market.

The global varicose veins treatment market is growing rapidly majorly due to the rising prevalence of the condition worldwide. The market appears well-established with several novel procedures such as radial laser fibers, radiofrequency ablation, laser treatment, steam ablation, and microwave ablation therapy are trending in the market.  Besides, the increasing demand for advanced treatment options and growing healthcare expenditure is accelerating the growth of the market.

Varicose Veins Treatment Market   - Regional Analysis

North America dominates the global varicose veins treatment market. The largest market attributes to the rising patient population, high healthcare expenditure, and growing awareness about the condition. Also, a notable increase in research development activities in healthcare pushes the growth of the market.

Moreover, increased uptake of advanced technologies and the rising demands for varicose veins treatment substantiate the market growth. The US, backed by the high healthcare expenditure, accounts for the major contributor in the regional market.  The North American varicose veins market is expected to create a larger revenue pocket during the assessment period.

Global Varicose Veins Treatment Market   - Competitive Analysis

Fiercely competitive, the varicose veins treatment market appears fragmented due to the presence of several well-established players. Trends such as innovation, mergers acquisitions, collaboration, and launch of a new treatment method remain popular among key players. The growth statistics of the varicose veins treatment presage the probable heights the market can reach further. 

Major Players: 

Players leading the global varicose veins treatment market include Medtronic, Biolitec AG, AngioDynamics, Syneron Medical Ltd., Eufoton s.r.l., Lumenis Energist Ltd., Teleflex Incorporated, Quanta System, Dornier MedTech, Scranton Gillette Communications, Sciton, Inc., Fotona d.o.o., BTG International Ltd., and Merz North America, Inc., among others.