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Endovenous Laser Therapy Market: Increasing Adoption of Endovenous Laser Therapy for Varicose Veins Treatment Likely to Fuel Market Revenue Growth: Global Industry Analysis and Opportunity Assessment 2016-2026
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Published by Future Market Insights: 21 Feb 2017 | 67656 | In Stock
Related Topics: Medical , Software

Introduction

Endovenous laser systems segment is expected to register high CAGR during the forecast period

Endovenous laser systems segment is the largest segment amongst the product segments of the global endovenous laser therapy market, which was estimated to be valued at more than US$ 200 Mn, or more than 90% share of the total market in 2016. Endovenous laser systems segment is expected to register high Y-o-Y growth throughout the forecast period. Revenue from this segment is projected to expand at a CAGR of 7.3% from 2016 to 2026 to reach a market valuation of more than US$ 500 Mn by 2026. Endovenous laser systems segment is estimated to record absolute $ opportunity of close to US$ 20 Mn in 2017 over 2016. This segment is expected to be a lucrative segment in the global endovenous laser therapy market over the forecast period owing to the high adoption of endovenous laser systems across the globe to treat varicose veins. This segment dominated the global endovenous laser therapy market in revenue terms in 2015 and the trend is projected to continue throughout the forecast period.

Rising cases of varicose veins expected to positively impact revenue growth of the endovenous laser systems segment over the forecast period

Rising number of patients with varicose veins globally is driving the growth of the endovenous laser systems segment. Varicose veins are more prominent in female patients as compared to male patients. Besides, increasing cases of varicose veins due to an ageing population is a common problem across the globe. Change in lifestyle with no physical activity can also lead to varicose veins. Pregnant women are at high risk of varicose veins due to the baby causing increased pressure on the veins and partly due to hormones produced during pregnancy that tend to relax vein walls. Sometimes injury caused in a deep leg vein may also lead to varicose veins. Increasing cases of patients affected by varicose veins are expected to fuel revenue growth of the endovenous laser systems segment over the forecast period. Another factor creating a positive impact on the endovenous laser systems segment is the fast and effective procedure provided by endovenous laser therapy to treat varicose veins as compared to traditional vein surgery. The procedure requires local anaesthesia and results in minimal discomfort. The success rate of the therapy is also high. Growing demand for endovenous laser therapy is boosting the adoption of endovenous laser systems, thereby fuelling segmental revenue growth.

Medical device manufacturers operating in the global endovenous laser therapy market are focussing on providing user-friendly devices to end users for minimising chances of manual errors. Devices with features like faster procedure setup, intuitive user interface with fewer buttons and portable devices are being manufactured by companies operating in this market to attract a larger customer base. Features like data storage, compatibility with patient Data Management Software to manage records are also being offered in these devices. This is expected to fuel adoption and subsequently revenue growth of the endovenous laser systems segment.

Endovenous laser systems segment anticipated to be the most attractive product type segment in the North America endovenous laser therapy market

Endovenous laser systems segment is the most attractive segment in the North America endovenous laser therapy market, recording a market attractiveness index of 1.9 during the forecast period. Increasing prevalence of obesity in North America is expected to primarily impact revenue growth of the endovenous laser systems segment over the forecast period. The surge in demand for varicose veins treatment procedures owing to increasing number of patients suffering from varicose veins in China is anticipated to result in increasing adoption of endovenous laser systems in China, thereby adding to the market attractiveness of this segment in the country and subsequently in the APEJ region.

Increasing availability of technologically advanced products especially in developed countries is expected to fuel the endovenous laser systems segment revenue in the Western Europe endovenous laser therapy market over the forecast period. In Eastern Europe, Russia is predicted to experience a high growth rate as compared to other countries owing to government initiatives for meditec progress in the country.

Table of Contents
for Endovenous Laser Therapy Market: Increasing Adoption of Endovenous Laser Therapy for Varicose Veins Treatment Likely to Fuel Market Revenue Growth: Global Industry Analysis and Opportunity Assessment 2016-2026

  • Table Of Content

    1.Executive Summary

    2.Endovenous Laser Therapy Market Introduction

    2.1.Market Definition

    2.2.Market Taxonomy

    3.Endovenous Laser Therapy Market Analysis Scenario

    3.1.Pricing Analysis

    3.1.1.Pricing Assumptions

    3.1.2.Price Projections Per Region

    3.2.Market Size (US$ Mn) and Forecast

    3.2.1.Market Size and Y-o-Y Growth

    3.2.2.Absolute $ Opportunity

    4.Endovenous Laser Therapy Market Dynamics

    4.1.Macro-economic Factors

    4.2.Drivers

    4.2.1.Supply Side

    4.2.2.Demand Side

    4.3.Restraints

    4.4.Opportunities

    4.5.Endovenous Laser Therapy Market Trends

    5.Endovenous Laser Therapy Market Analysis and Forecast, By Product Type

    5.1.Introduction

    5.1.1.Basis Point Share (BPS) Analysis By Product Type

    5.1.2.Y-o-Y Growth Projections By Product Type

    5.2.Endovenous Laser Therapy Market Size (US$ Mn) Forecast By Product Type

    5.2.1.Endovenous Laser Systems

    5.2.1.1.Diode Lasers

    5.2.1.2.Yag Lasers

    5.2.2.Endovenous Laser Fibers

    5.2.2.1.Bare Tip Laser Fibers

    5.2.2.2.Radial Tip Laser Fibers

    5.2.2.3.Gold-Tip Laser Fibers

    5.3.Market Attractiveness Analysis By Product Type

    6.Global Endovenous Laser Therapy Market Analysis and Forecast, By End User

    6.1.Introduction

    6.1.1.Basis Point Share (BPS) Analysis By End User

    6.1.2.Y-o-Y Growth Projections By End User

    6.2.Endovenous Laser Therapy Market Size (US$ Mn) Forecast By End User

    6.2.1.Hospitals

    6.2.2.Ambulatory Surgical Centers

    6.2.3.Specialized Clinics

    6.3.Endovenous Laser Therapy Market Attractiveness Analysis By End User

    7.Global Endovenous Laser Therapy Market Analysis and Forecast, By Region

    7.1.Introduction

    7.1.1.Basis Point Share (BPS) Analysis By Region

    7.1.2.Y-o-Y Growth Projections By Region

    7.2.Endovenous Laser Therapy Market Size (US$ Mn) Forecast By Region

    7.2.1.North America

    7.2.2.Latin America

    7.2.3.Western Europe

    7.2.4.Eastern Europe

    7.2.5.Asia Pacific Excl. Japan (APEJ)

    7.2.6.Japan

    7.2.7.Middle East and Africa (MEA)

    7.3.Endovenous Laser Therapy Market Attractiveness Analysis By Region

    8.North America Endovenous Laser Therapy Market Analysis and Forecast

    8.1.Introduction

    8.1.1.Basis Point Share (BPS) Analysis By Country

    8.1.2.Y-o-Y Growth Projections By Country

    8.1.3.Key Regulations

    8.2.Endovenous Laser Therapy Market Size (US$ Mn) Forecast By Country

    8.2.1.U.S.

    8.2.2.Canada

    8.3.Endovenous Laser Therapy Market Size (US$ Mn) Forecast By Product Type

    8.3.1.Endovenous Laser Systems

    8.3.1.1.Diode Lasers

    8.3.1.2.Yag Lasers

    8.3.2.Endovenous Laser Fibers

    8.3.2.1.Bare Tip Laser Fibers

    8.3.2.2.Radial Tip Laser Fibers

    8.3.2.3.Gold-Tip Laser Fibers

    8.4.Endovenous Laser Therapy Market Size (US$ Mn) Forecast By End User

    8.4.1.Hospitals

    8.4.2.Ambulatory Surgical Centers

    8.4.3.Specialized Clinics

    8.5.Market Attractiveness Analysis

    8.5.1.By Country

    8.5.2.By Product Type

    8.5.3.By End User

    9.Latin America Endovenous Laser Therapy Market Analysis and Forecast

    9.1.Introduction

    9.1.1.Basis Point Share (BPS) Analysis By Country

    9.1.2.Y-o-Y Growth Projections By Country

    9.1.3.Key Regulations

    9.2.Endovenous Laser Therapy Market Size (US$ Mn) Forecast By Country

    9.2.1.Brazil

    9.2.2.Mexico

    9.2.3.Rest of Latin America

    9.3.Endovenous Laser Therapy Market Size (US$ Mn) Forecast By Product Type

    9.3.1.Endovenous Laser Systems

    9.3.1.1.Diode Lasers

    9.3.1.2.Yag Lasers

    9.3.2.Endovenous Laser Fibers

    9.3.2.1.Bare Tip Laser Fibers

    9.3.2.2.Radial Tip Laser Fibers

    9.3.2.3.Gold-Tip Laser Fibers

    9.4.Endovenous Laser Therapy Market Size (US$ Mn) Forecast By End User

    9.4.1.Hospitals

    9.4.2.Ambulatory Surgical Centers

    9.4.3.Specialized Clinics

    9.5.Market Attractiveness Analysis

    9.5.1.By Country

    9.5.2.By Product Type

    9.5.3.By End User

    10.Western Europe Endovenous Laser Therapy Market Analysis and Forecast

    10.1.Introduction

    10.1.1.Basis Point Share (BPS) Analysis By Country / Region

    10.1.2.Y-o-Y Growth Projections By Country

    10.1.3.Key Regulations

    10.2.Endovenous Laser Therapy Market Size (US$ Mn) and Volume (Units) Forecast By Country / Region

    10.2.1.Germany

    10.2.2.France

    10.2.3.Italy

    10.2.4.Spain

    10.2.5.U.K.

    10.2.6.BENELUX

    10.2.7.Nordic

    10.2.8.Rest of Western Europe

    10.3.Endovenous Laser Therapy Market Size (US$ Mn) Forecast By Product Type

    10.3.1.Endovenous Laser Systems

    10.3.1.1.Diode Lasers

    10.3.1.2.Yag Lasers

    10.3.2.Endovenous Laser Fibers

    10.3.2.1.Bare Tip Laser Fibers

    10.3.2.2.Radial Tip Laser Fibers

    10.3.2.3.Gold-Tip Laser Fibers

    10.4.Endovenous Laser Therapy Market Size (US$ Mn) Forecast By End User

    10.4.1.Hospitals

    10.4.2.Ambulatory Surgical Centers

    10.4.3.Specialized Clinics

    10.5.Market Attractiveness Analysis

    10.5.1.By Country

    10.5.2.By Product Type

    10.5.3.By End User

    11.Eastern Europe Endovenous Laser Therapy Market Analysis and Forecast

    11.1.Introduction

    11.1.1.Basis Point Share (BPS) Analysis By Country

    11.1.2.Y-o-Y Growth Projections By Country

    11.1.3.Key Regulations

    11.2.Endovenous Laser Therapy Market Size (US$ Mn) Forecast By Country

    11.2.1.Russia

    11.2.2.Poland

    11.2.3.Rest of Eastern Europe

    11.3.Endovenous Laser Therapy Market Size (US$ Mn) Forecast By Product Type

    11.3.1.Endovenous Laser Systems

    11.3.1.1.Diode Lasers

    11.3.1.2.Yag Lasers

    11.3.2.Endovenous Laser Fibers

    11.3.2.1.Bare Tip Laser Fibers

    11.3.2.2.Radial Tip Laser Fibers

    11.3.2.3.Gold-Tip Laser Fibers

    11.4.Endovenous Laser Therapy Market Size (US$ Mn) Forecast By End User

    11.4.1.Hospitals

    11.4.2.Ambulatory Surgical Centers

    11.4.3.Specialized Clinics

    11.5.Market Attractiveness Analysis

    11.5.1.By Country

    11.5.2.By Product Type

    11.5.3.By End User

    12.APEJ Endovenous Laser Therapy Market Analysis and Forecast

    12.1.Introduction

    12.1.1.Basis Point Share (BPS) Analysis By Country

    12.1.2.Y-o-Y Growth Projections By Country

    12.1.3.Key Regulations

    12.2.Endovenous Laser Therapy Market Size (US$ Mn) Forecast By

Additional Details

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Future Market Insights

Publisher Information

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.



FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.



FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly. 

Reference

67656 |

Number of Pages

151

Report Format

PDF

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This report is published by Future Market Insights

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly. 

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