Within the next six years, the varicose vein treatment market is expected to grow by more than 7 percent. That’s a global projection, as the demand for such treatment and the spread of new varicose vein treatment methods grows worldwide. Varicose veins occur in all peoples, and while much of the growth centers on the cosmetic market, substantial growth is also expected in those experiencing pain and circulatory problems resulting from varicose veins.
North America currently leads the market for varicose vein treatment and that is not expected to change in the next several years. In 2016, more than $250 million was spent on varicose vein treatment in the United States alone. While varicose vein treatment is common in South America, Europe and Asia, market demand is expected to grow in Russia, India, China and the Middle East.
What’s driving the projected growth in varicose vein treatment? The primary factor is demographics. Varicose veins occur most often in older people, and the geriatric population is growing. There’s also an array of new techniques and advancements making varicose vein treatment less invasive with fewer risk factors.
Growth in varicose vein treatment is expected to focus on three segments of the treatment market. These are:
The fact that surgical ligation is expected to grow significantly points to a rise in the population of those with chronic venous insufficiency and other serious vein-related diseases. This growth made coincide with the considerable expansion of varicose vein treatment outside Western countries.
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