The global varicose vein treatment devices market is driven by factors such as a rise in the incidence of varicose veins, increasing awareness about the availability of minimally invasive treatments, and technological advancements in the field of varicose vein treatment. Additionally, an increase in the geriatric population and the prevalence of obesity are expected to fuel market growth. However, the high cost of treatment and the lack of reimbursement policies in some regions may hinder market growth. The market is also expected to be impacted by the ongoing COVID-19 pandemic, as healthcare resources are diverted towards the management of the pandemic. Nevertheless, the market is expected to continue to grow in the coming years, driven by increasing demand for minimally invasive treatments and the availability of innovative devices.
Global Varicose Vein Treatment Devices Market is estimated to be valued at US$ 1,273.0 million in 2022 and is expected to exhibit a CAGR of 6.5% during the forecast period (2022-2030).
Key Companies in the Varicose Vein Treatment Devices Industry:
1. AngioDynamics, Inc.
Founded in 1988, AngioDynamics, Inc. is a medical device company headquartered in Latham, New York, USA. AngioDynamics, Inc. develops, manufactures, and markets minimally invasive medical devices used in vascular access, peripheral vascular disease, and oncology. The company operates in over 50 countries worldwide. In 2021, AngioDynamics announced the FDA clearance of its VenaSeal Closure System for the treatment of varicose veins.
2. Syneron Medical Ltd.
Founded in 2000, Syneron Medical Ltd. is a medical device company headquartered in Yokneam, Israel. Syneron Medical Ltd. develops, manufactures, and markets aesthetic medical devices used in laser hair removal, skin rejuvenation, and body contouring. The company operates in over 90 countries worldwide.
3. Dornier Medtech GmbH.
Founded in 1984, Dornier Medtech GmbH. is a medical device company headquartered in Wessling, Germany. Dornier Medtech GmbH. develops, manufactures, and markets medical devices used in urology, cardiology, and neurology. The company operates in over 100 countries worldwide. In 2021, Dornier Medtech announced the FDA clearance of its Smart Laser System for the treatment of varicose veins.
4. Alma Lasers Ltd.
Founded in 1980, Alma Lasers Ltd. is a medical device company headquartered in Caesarea, Israel. Alma Lasers Ltd. develops, manufactures, and markets aesthetic medical devices used in laser hair removal, skin rejuvenation, and body contouring. The company operates in over 80 countries worldwide.
5. Alna-Medicalsystem GmbH
Founded in 1989, Alna-Medicalsystem GmbH is a medical device company headquartered in Duderstadt, Germany. Alna-Medicalsystem GmbH develops, manufactures, and markets medical devices used in gastroenterology, urology, and gynecology. The company operates in over 30 countries worldwide.
6. LSO Medical
Founded in 1996, LSO Medical is a medical device company headquartered in Loos, France. LSO Medical develops, manufactures, and markets medical devices used in gastroenterology, urology, and gynecology. The company operates in over 40 countries worldwide. In 2021, LSO Medical announced FDA clearance for its Eufoton® RF Vein Closure System for the treatment of varicose veins. The system uses radiofrequency energy to close the affected vein.
7. WONTECH Co., Ltd.
Founded in 1999, WONTECH Co., Ltd. is a medical device company headquartered in Daejeon, South Korea. WONTECH Co., Ltd. develops, manufactures, and markets aesthetic medical devices used in laser hair removal, skin rejuvenation, and body contouring. The company operates in over 100 countries worldwide.
8. Intros Medical Laser GmbH
Founded in 1994, Intros Medical Laser GmbH is a medical device company headquartered in Jena, Germany. Intros Medical Laser GmbH develops, manufactures, and markets medical devices used in dermatology, ophthalmology, and aesthetics. The company operates in over 60 countries worldwide.
9. Energist Ltd.
Founded in 1999, Energist Ltd. is a medical device company headquartered in Swansea, UK. Energist Ltd. develops, manufactures, and markets aesthetic medical devices used in laser hair removal, skin rejuvenation, and body contouring. The company operates in over 70 countries worldwide. In 2021, Energist announced FDA clearance for its UltraPlus VPL system for the treatment of varicose veins. The system uses a combination of light energy and radiofrequency to close the affected vein.
*Definition- Varicose vein treatment devices are medical devices used to treat varicose veins, which are enlarged and twisted veins typically found in the legs. These devices use various techniques such as laser, radiofrequency, or chemical ablation to close off or remove the affected veins and improve blood flow.
