Varicose Veins Treatment Market Trends

Growth Drivers

• Increasing Varicose Vein Global Burden - Estimates show that 23 % of US adults are affected by varicose veins. The market for treating varicose veins worldwide is being driven by advances in patient compliance through sustainability and security techniques to manage a large burden of varicose vein incidents and better access to medical devices related to this disease.
• Surging Preference for Minimally Invasive Treatment Procedures — In recent years, minimally invasive surgery has seen a marked increase in demand due to its faster recovery period and less risk compared with other surgical procedures. On January 15, 2022, research was conducted to understand the clinical efficacy of radiofrequency ablation for varicose vein treatment in patients. Results of the researchers predict that intraoperative blood loss was significantly less and clinically effective.

Challenges

• Shortage of Trained Vascular Surgeons - The increasing concern amongst hospitals and patients associated with the shortage of vascular surgeons and skilled professionals is one of the major factors predicted to slow down the market growth.
• High Cost of Treatment Procedures
• Inconsistent Reimbursement Structure