Endovenous laser devices are used for treating chronic venous disorders of lower extremity. Endovenous laser therapy is a minimally invasive procedure generally performed for the management of varicose vein, whereas it has been also used incompetent saphenous veins. The procedure is known as endovenous ablation, during this procedure a thin fiber is inserted into the damaged vein and laser light with the required wavelength is emitted through the fiber, which damages the walls of the veins, thus effectively closing the refluxing vein. The veins that are closed are the superficial veins (damaged vein) that handle very less percent of the body's blood flow, however this blood is automatically routed to other, normal veins. The procedure is done under local anaesthesia and patients are allowed to walk immediately after the procedure. Endovenous laser devices market comprises of the devices used during endovenous laser ablation procedure and has many established and regional players manufacturing laser machines for the treatment of symptomatic varicose veins and those with incompetent saphenous veins.
Endovenous Laser Devices Market: Drivers and Restraints
Endovenous Laser Devices market is growing, this is attributed to increasing prevalence of varicose veins along with increasing preference of people to opt for endovenous laser ablation procedures for curing varicosity. Factors such as standing for longer period of time and increasing prevalence of obesity, which in turn leads to varicose veins is expected to contribute significantly to the endovenous laser devices market revenue in the near future. In addition to this, growing healthcare expenditure, and rising insurance coverage also aids the growth of endovenous laser devices market as increasing number of patients are opting for the minimally invasive procedures for the treatment of chronic venous disorders. Also, availability of newer and advanced endovenous laser systems drives the endovenous laser devices market, giving enormous opportunities to the vendors within this market. However risk associated with the endovenous laser ablation procedure such as bruising and pain along the site of ablation and the development of a blood clot in the veins in the treated leg, along with the cost of procedure might hamper the revenue growth of endovenous laser devices market over the forecast period
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The Endovenous Laser Devices market is segment based on the product type and end user
Endovenous Laser Devices market is segmented into following types:
By Product Type
- Endovenous Laser 810
- Endovenous Laser 940
- Endovenous Laser 980
- Endovenous Laser 1320
- Endovenous Laser 1470
By System Design
- Table top
- Stand Alone
By End User
- Dermatology Clinics
- Ambulatory Surgical Centers
Endovenous Laser DevicesMarket: Overview
Endovenous Laser Devices market is expected to grow at a significant rate, over the forecast period. The market is anticipated to perform well over the forecast period due to increasing number of patients suffering from varicose veins along with the availability of more minimally invasive treatment options in the market. Also the endovenous laser devices market is expanding globally due to increasing distribution partnerships among endovenous systems manufactures. The endovenous laser devices market is expected to grow with a fastest CAGR over the forecast period due to increasing number of people opting for endovenous laser ablation procedure for cosmetic purpose. Increasing competition among major companies in the market to develop advanced systems which provides increased precision and accuracy during treatment drives the endovenous laser devices market towards the growth curve.
Endovenous Laser Devices Market: Region-wise Outlook
Depending on geographic region, the endovenous laser devices market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.
North America is the largest regional market owing to high patient awareness levels regarding various minimally invasive treatment procedures for varicose veins, increasing healthcare expenditure and relatively larger number of R&D exercises pertaining new product launch and marketing etc. these factors contribute for significant revenue generation from the region.
Asia Pacific is expected to grow at the fastest CAGR because of increasing prevalence of obesity which leads to varicosity is expected to boost the revenue growth of endovenous laser devices market throughout the forecast period.
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Endovenous Laser Devices Market: Key Players
Some players of endovenous laser devices market includes AngioDynamics, CoolTouch, Syneron Medical Ltd., WONTECH, Alna-Medicalsystem GmbH, intros Medical Laser GmbH, Energist Ltd., LSO Medical etc. whereas some and regionalplayers also have a significant presence in endovenous laser devices market.
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