PUBLISHER: Allied Market Research | PRODUCT CODE: 1641786
PUBLISHER: Allied Market Research | PRODUCT CODE: 1641786
Laser Treatment Devices of Varicose Veins Market
The laser treatment devices of varicose veins market was valued at $135.0 million in 2023 and is projected to reach $246.6 million by 2033, growing at a CAGR of 6.2% from 2024 to 2033.
Varicose veins is a medical condition in which veins-particularly of the legs-become enlarged, swollen, & twisted due to weak valves and walls, resulting in obstructed blood flow. Laser treatment devices cure this condition by focusing light on the affected area to close off or shrink the affected veins, which improves the aesthetic appearance of the skin and reduces the associated symptoms. The selective photothermolysis mechanism of the laser device treats the disease by causing the vein to contract and collapse.
Approximately 30% of the general population exhibits the symptoms of varicose veins, which is a major driver of the laser treatment devices of varicose veins market. In addition, rise in the popularity of minimally invasive surgical procedures has upsurged the popularity of laser treatment devices, thereby augmenting the development of the market. In current times, dual-modality treatments are gaining notable traction for the treatment of varicose veins. This involves the blend of laser treatments with other procedures such as radiofrequency ablation or sclerotherapy for a comprehensive treatment.
However, the cost of laser treatment devices remains significantly high due to their minimal invasion and long-term benefits. This increases the overall treatment fees, deterring several budget-sensitive consumers from undergoing the treatment and hampering the development of the market. On the contrary, exponential increase in the aging population is projected to present lucrative opportunities for the market as the American Journal of Preventive Medicine states that the prevalence of varicose veins is higher in adults as compared to young individuals. According to the WHO, the population of people aged 60 and above is projected to double by 2050, indicating a promising future for the laser treatment devices of varicose veins market.
Segment Review
The laser treatment devices of varicose veins market is segmented into output power, end user, and region. On the basis of output power, the market is divided into 0.1-15W of output power, 15-30W of output power, and above 30W of output power. Depending on end user, it is classified into hospitals, clinics, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of output power, the 15-30W of output power segment is expected to garner a notable share of the market during the forecast period.
Depending on end user, the hospitals segment is projected to dominate the market throughout the forecast period.
Region wise, North America is anticipated to be the highest revenue generator by 2033.
Competition Analysis
The major players in the global laser treatment devices of varicose veins market include AngioDynamics, Alma Lasers, Le Reve Med Spa, biolitec(R) Holding GmbH & Co KG, Sciton, Cutera, Inc., Intense Medical & Dental System Limited, Dimed Laser, WON TECH Co., Ltd., and LSO Medical. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.
Additional benefits you will get with this purchase are:
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)