Varicose Vein Treatment Market Trends: Addressing the Rising Obesity Rates | Future Market Insights, Inc.
Future Market Insights Global and Consulting Pvt. Ltd.
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Future Market Insights Global and Consulting Pvt. Ltd.
The increasing prevalence of obesity across geographies is propelling the growth of the Varicose Vein Treatment Market. The global market is expected to reach US$ 1,477.3 million by 2033, driven by advancements in less invasive techniques like sclerotherapy, radiofrequency ablation, and endovenous laser treatment, which attract more patients and contribute to market growth
NEWARK, Del, July 02, 2023 (GLOBE NEWSWIRE) -- The Global Varicose Vein Treatment Market size is predicted to surpass a valuation of US$ 765.2 Million in 2023. It is estimated to attain a valuation of US$ 1,477.3 Million by 2033. The market is foreseen to thrive at a CAGR of 6.8% from 2023 to 2033.
It's typical to have varicose veins, especially in elderly people. Varicose veins are becoming more common as individuals age, get obese, have hereditary predispositions, undergo hormonal changes, and work in industries requiring a lot of standing or sitting. Market expansion is fueled by the rise in individuals seeking treatment for varicose veins.
Significant improvements have been made in the field of treating varicose veins recently. The availability of less invasive techniques, including sclerotherapy, radiofrequency ablation, and endovenous laser treatment, has increased. These methods provide less intrusive substitutes for standard surgical operations, drawing in more patients and growing the market.
The onset and progression of varicose veins may be attributed to modern lifestyles, characterized by extended periods of sitting or standing, a lack of exercise, and poor behaviors. The prevalence of sedentary lifestyles and certain risk factors increases the need for varicose vein therapy.
Global healthcare spending has continuously risen, giving people more access to medical procedures like varicose vein therapy. The availability of healthcare finance alternatives and insurance coverage for varicose vein treatment operations further supports market expansion.
The practice of people traveling to foreign nations for medical care, known as medical tourism, is gaining popularity. Patients travel worldwide to countries that provide high-quality and affordable varicose vein treatment alternatives, which helps the industry grow.
THERACLION, a cutting-edge company creating a scalable robotic platform for non-invasive echotherapy, announced the release of SONOVEIN HD in May 2022. With this revolutionary device manufactured in Aix-en-Provence, France's SuperSonic Imagine (recently acquired by Hologic) combines the first and only extracorporeal therapeutic ultrasound solution with cutting-edge imaging capabilities.
I-VASC, an Italian manufacturer of medical devices, secured a Series A investment for EUR 1.8 million in April 2022 to develop its VELEX gadget, which is used to treat varicose veins.
Theraclion's HIFU treatment solution for varicose veins, SONOVEIN, got the CE Mark in October 2020 in its second iteration.
Major Players in Varicose Vein Treatment Market are:
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