Endovenous Laser Therapy Market, by Product Type (Endovenous Laser Systems (Diode Lasers and Yag Lasers) and Endovenous Laser (Fibers Bare Tip Laser Fibers, Radial Tip Laser Fiber and Gold tip Laser Fiber)), By End user (Hospitals, Ambulatory Surgical Centers and Specialty Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) -

Published In : Jul 2023

Code : CMI3377

Pages :176

Formats :

Excel and PDF

Industry : Pharmaceutical

Market Challenges And Opportunities

Global Endovenous Laser Therapymarket – Driver

Increasing prevalence of varicose veins

Increasing prevalence of varicose veins is expected to propel growth of the global endovenous laser therapy market over the forecast period. For instance, according to the American Vein and Lymphatic Society, in August 2022, Varicose veins are convoluted, expanded, and stretched subcutaneous veins of the lower leg and are the most frequently reported medical condition.Globally, between 150 million and 400 million patients, each year suffer a varicose veins. Over 40 million people in the U.S. suffer from varicose veins.

Rise in the investments in research and development

Rising research and development regarding ELT and technological developments in ELT devices is further anticipated to propel the growth market growth. Manufacturers in the endovenous laser devices market are focusing on increasing R&D investments in order to design and develope new and innovative endovenous ablation devices. For instance, in July 2022, Medanta is a multi-super specialty hospital in Delhi NCR (Gurugram), India, introduced treatment in ultrasound machine, vascular catheter, radiofrequency electrode, and console are used in the procedure of laser treatment. Topical anaesthetic cream is used to minimise the discomfort. Ultrasound is used to develop an image of the varicose vein and to track the path of the catheter. A laser fiber or an electrode is extended to the desired location of the vein. The laser is then applied, resulting in heating of the veins. As a result, the vein will shrink and collapse.

Global Endovenous Laser Therapy Market: Restraint

Availability of alternative therapies

Availability of alternative therapies is expected to hinder growth of the global endovenous laser therapy market. The ‘VenaSeal Closure System’ is intended for the treatment of varicose veins by sealing the affected vein that is closest to the skin (superficial varicose veins). Unlike other treatment options available for venous reflux, also called as chronic venous insufficiency, aforementioned system does not require multiple injections of anesthesia.