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Chronic Venous Occlusions Treatment Market Analysis

  • Report ID: GMI5398
  • Published Date: Aug 2024
  • Report Format: PDF

Chronic Venous Occlusions Treatment Market Analysis

As per product, the market is classified into devices and drugs. The drugs segment is projected to exceed USD 5.1 billion by 2032.

  • Various drugs are utilized in the diagnosis and therapy, including analgesics, antibiotics, anticoagulants, and so on. Antibiotics are highly preferred to treat ulcers and skin infections brought on by chronic venous insufficiency. Increasing prevalence of venous disorders, such as chronic venous insufficiency (CVI) and deep vein thrombosis (DVT), is fueling demand for effective pharmacological treatments. Advances in drug formulations, including novel anticoagulants and anti-inflammatory agents, are enhancing therapeutic efficacy and patient compliance.
     
  • For instance, the development of direct oral anticoagulants (DOACs) offers improved safety and convenience over traditional treatments, driving their adoption. Additionally, growing awareness and diagnosis of venous diseases are contributing to higher drug utilization rates.
     
  • Government and healthcare policies supporting drug reimbursement and access are further bolstering market growth. The emphasis on personalized medicine and targeted therapies is also promoting the development of innovative drugs tailored to individual patient needs, expanding treatment options.
     
  • Furthermore, increased research and development investments in the pharmaceutical industry are accelerating the introduction of new drugs into the market, catering to unmet medical needs. Collectively, these drivers are expected to significantly boost the drugs segment of the CVO treatment market.
     

Based on application, the chronic venous occlusions treatment market is segmented into varicose veins, venous stasis ulcers, edema, deep vein thrombosis, and other applications. The edema application segment is expected to surpass a valuation of USD 2.9 billion by 2032.
 

  • In 2021, a report in the PLOS Global Public Health Journal reported the prevalence of edema in around 19% of the American geriatric population. The mounting prominence of the numerous advantages offered by the available treatment options for chronic venous occlusion in the diagnosis and treatment of edema is expected to accelerate market trends.
     
  • Rising prevalence of conditions like heart failure, kidney disease, and venous insufficiency, which frequently lead to edema, is increasing demand for effective treatments. Advances in pharmacological therapies, including diuretics and anti-inflammatory drugs, are improving management and treatment outcomes for patients with edema. Growing awareness about the impact of edema on quality of life is encouraging early diagnosis and treatment.
     
  • Additionally, the aging population, which is more susceptible to chronic conditions that cause edema, is contributing to market growth. The development of innovative drug formulations and combination therapies designed to address underlying causes of edema is also driving segment expansion. These factors collectively support the significant growth of the edema application segment in the market.

  • The Chronic Venous Occlusions Treatment market by end-use is segmented into hospitals, ambulatory surgical centers, and other end-users. The hospitals segment dominated the market in 2023 and is predicted to rise rapidly during the forecast period.
     
  • Hospitals serve as the primary centers for managing complex and severe cases of chronic venous disorders, including advanced varicose veins, deep vein thrombosis (DVT), and venous stasis ulcers. Their comprehensive diagnostic tools, specialized medical personnel, and advanced treatment technologies make them the preferred setting for chronic venous occlusion (CVO) management.
     
  • The increasing prevalence of chronic venous diseases, combined with an aging population, is driving higher demand for hospital-based treatments. Hospitals are well-positioned to integrate multidisciplinary care approaches—combining surgical, pharmacological, and supportive therapies—which enhances treatment efficacy and patient outcomes. The advancement of medical devices and procedures, such as endovenous laser therapy (EVLT) and radiofrequency ablation (RFA), is further propelling growth within hospital settings.
     
  • Growing healthcare expenditure and investments in hospital infrastructure to support advanced CVO treatments are also contributing to the segment's expansion. These factors collectively position hospitals as key players in the CVO treatment market, ensuring their continued dominance and growth.
     

North America Chronic Venous Occlusions Treatment Market, 2021 – 2032 (USD Million)

North America chronic venous occlusions treatment market accounted for USD 2.7 billion in revenue in 2023 and is predicted to witness substantial market growth over the analysis timeline.
 

  • A major driver of growth is the high prevalence of chronic venous diseases, such as varicose veins and deep vein thrombosis (DVT), which significantly affect the population. In the U.S., approximately 23 million people suffer from varicose veins, and nearly 900,000 cases of DVT are reported annually, underscoring the urgent need for effective treatments. The region's advanced healthcare infrastructure, including numerous specialized centers and hospitals, is well-equipped to manage complex cases, leading to increased treatment rates.
     
  • The introduction and widespread adoption of minimally invasive procedures, such as endovenous laser therapy (EVLT) and radiofrequency ablation (RFA), are transforming the treatment landscape. These procedures offer quicker recovery times and fewer complications, with recent data indicating success rates exceeding 90%, driving their increased utilization.
     
  • Government support through favourable reimbursement policies and health insurance coverage also plays a crucial role in making advanced treatments accessible to a broader population. Additionally, growing awareness and education about chronic venous disorders are leading to earlier diagnosis and intervention, which enhances treatment outcomes.
     
  • The ongoing investments in research and development by pharmaceutical and medical device companies are fostering innovation and the introduction of new therapies. For example, the development of novel anticoagulants and anti-inflammatory medications is improving management options for conditions associated with CVO. Collectively, these factors contribute to the dynamic growth of the CVO treatment market in North America, positioning it as a leading region in the global market.
     

Japan chronic venous occlusions treatment market is projected to grow remarkably in the coming years.
 

  • The chronic venous occlusion (CVO) treatment market in Japan is experiencing notable growth, fueled by the rising prevalence of venous disorders such as varicose veins and deep vein thrombosis (DVT). Japan's advanced healthcare system, combined with a growing elderly population, drives demand for effective and minimally invasive treatments. Technologies such as endovenous laser therapy (EVLT) and radiofrequency ablation (RFA) are gaining popularity due to their reduced recovery times and lower risk profiles.
     
  • The Japanese government’s supportive reimbursement policies and investments in healthcare infrastructure further enhance the accessibility and adoption of these treatments. As awareness and early diagnosis improve, the CVO treatment market in Japan is poised for continued expansion.
Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The chronic venous occlusions treatment industry was valued at USD 6.6 billion in 2023 and is anticipated to witness a CAGR of 5% over 2024-2032, fueled by rising awareness and advancements in medical technologies.

The drugs segment of chronic venous occlusions treatment industry is projected to exceed USD 5.1 billion by 2032, backed by the demand for effective pharmacological treatments, and increased R&D investments in the pharmaceutical industry.

North America chronic venous occlusions treatment market accounted for USD 2.7 billion in revenue in 2023, backed by the high prevalence of chronic venous diseases, such as varicose veins and deep vein thrombosis (DVT), which significantly affect the population.

Boston Scientific Corporation, Bristol Myers Squibb, Candela, ConvaTec Inc., Fotona, Julius Zorn GmbH, Leucadia Pharmaceuticals (Hikma), Lumenis Ltd., Manufacturers viz., Medi GmbH & Co. KG, Medtronic plc, and Merz Pharma.

Chronic Venous Occlusions Treatment Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 30
  • Tables & Figures: 215
  • Countries covered: 18
  • Pages: 110
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