Why is The Global Varicose Veins Treatment Devices Market Growing?
Blood flows through small valves present in the veins. When these valves encounter some kind of bruise or damage and weaken, the blood stops flowing through these valves and pools in the veins. This condition is called varicose veins and is most commonly found among people suffering from obesity or geriatric people. The accumulated blood in the veins causes them to twist and swell and develop a dark blue or purple color. In some cases, the varicose veins actually cause great pain and discomfort to the individual suffering from it. However, a lot of people opt for varicose veins treatment even when it does not cause any pain for cosmetic purposes as these veins often bulge out and make the skin look unappealing.
Key Market Drivers for the Varicose Veins Treatment Devices
In recent times, the population of old aged people has been observed to increase and since the varicose veins ailment is more common among them, the global varicose veins treatment devices market is expected to rapidly grow. Also, people with excessive BMI have an increased chance of developing varicose veins. Therefore, the rise in the incidence of varicose veins can be linked to the rise in obesity. Increasing awareness of this condition and its symptoms and implications is improving patient compliance and combined with the introduction of minimally invasive treatment procedures, the market is most decidedly on the incline. There is a marked growth in the market for less-invasive techniques such as the laser-based treatment method as it exterminates the need for anesthesia during the treatment and also reduces the chances of bruising.
Lucrative reimbursement policies for the best in industry treatments is expected to fuel demand in the upcoming future. Medical organizations are taking initiatives to form new rules that improve reimbursement policies for varicose veins treatment. Such favorable reimbursement policies are expected to encourage patients to opt for varicose veins treatment. Companies investing in this market are focusing on technological advancements and simpler remedies like the recently launched VenaSeal medical adhesive gel. This form of treatment form does not involve traditional methods of stripping and ablation and requires the use of just one local anesthetic. It does not require patients to wear compression stockings after the procedure. Based on varicose veins treatment devices research, market players are launching new products to expand their market presence and to increase their business revenue. Several health organizations are taking initiatives to increase awareness by educating people about varicose veins and the proper course of treatment that this condition requires. The varicose veins treatment industry has been witnessing an inflow of technologically advanced products with enhanced safety and efficacy features.
Challenges of The Varicose Veins Treatment Devices
The reuse of ablation devices proves that the global varicose treatment devices market is on the rise. However, the market faces tough challenges as the cost of treatment for varicose veins is extremely high. In addition, the reimbursement procedure for this treatment has remained unpredictable all over the world. Lack of trained vascular surgeons and specialists also restrains market growth. The market faces strong competition for these devices and the key players present in the market include AngioDynamics, Inc., Syneron Medical Ltd., Vascular Insights, LLC, Biolas Health, Inc., Energist Ltd., Medtronic plc, BTG plc, Alma Lasers, Inc., Lumenis Ltd.
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