The North America Varicose Vein Treatment Market was worth USD 101.7 million in 2016 and estimated to be growing at a CAGR of 6.3%, to reach USD 138.04 million by 2021. The varicose vein treatment market is growing due to the increased prevalence of varicose veins. This condition of enlarged veins appears mostly in feet and legs. It can be caused by pregnancy, hormonal changes, genetic disorders and high blood pressure.
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The market for varicose vein treatment is fuelled by factors such as reduced trauma, greater exposure to the site of application, high operative success rates, and faster blood flow restoration, improving patient compliance & reliability, growing healthcare expenditure, and rapid growth in aging population. Factors such as the high cost of varicose vein treatment procedures, lack of training for vascular surgeons, implementation of health care reforms, immensely competitive market leading to difficulty in maintaining sustainability, and inconsistent reimbursement scenario pose a threat to the development of the varicose vein treatment market.
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This report broadly segments the varicose vein treatment market into mode of treatment and products. On the basis of mode of treatment, the varicose vein treatment market is segmented into endovenous ablation, injection sclerotherapy, and surgical ligation/stripping. The endovenous ablation segment is expected to command the major share of the varicose vein treatment market, by mode of treatment. Based on type of products, the varicose vein treatment market is segmented into ablation devices, venous closure products, and surgical products. The radiofrequency ablation devices segment is expected to command the major share of the ablation devices market for varicose vein treatment. On the basis of geography, the market is analysed under various regions- U.S.A and Canada. North America is dominating the global market.
The major players in the varicose vein treatment market are 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.)
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