Global varicose vein treatment devices market is anticipated to witness lucrative growth over the next seven years as a consequence of factors including rising number of patients having varicose veins and increasing geriatric population base. Furthermore, high blood pressure levels and lifestyle associated factors such as prolonged standing are major growth factors responsible for rising patient base. Advancements in treatment of varicose vein devices such as use of closure systems and intense-pulsed-light therapy are anticipated to boost the growth of varicose vein treatment devices market further. Furthermore, these advances exhibit benefits including fewer incisions, low adverse side effects and higher success rates and hence are anticipated to further boost the market demand over the forecast period.
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The global varicose vein treatment devices are segregated on the basis of products into endovenous ablation devices, surgical stripping devices and ultrasound guided sclerotherapy devices. Endovenous ablation devices are classified into reprocessed RF catheters & OEM catheters and disposable laser fiber devices. As of 2014, ultrasound sclerotherapy devices held the largest share of the varicose vein treatment devices market owing to benefits such as minimal incisions, less damage to surrounding tissue and scarring. Endovenous ablation treatment devices segment is anticipated to exhibit the fastest growth over the forecast period owing to short procedural time.
As of 2014, North America dominated the market share as a consequence of propelling factors such as increasing prevalence of varicose veins and increasing disorders with the geriatric population base. Device reimbursement policies also played a significant role in providing growth potential of the market in this region. Asia Pacific region is expected to be the fastest growing market owing to contributing factors such as improving healthcare infrastructure and rising disposable income
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