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Chronic Venous Occlusions Treatment Market Size

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

Chronic Venous Occlusions Treatment Market Size

Chronic Venous Occlusions Treatment Market Size was valued at USD 6.6 billion in 2023 and is anticipated to witness growth at a CAGR of 5% between 2024 and 2032.

 

The chronic venous occlusions (CVO) treatment market is witnessing significant growth, fueled by rising awareness and advancements in medical technologies. With the global increase in the prevalence of chronic venous diseases, such as chronic venous insufficiency (CVI) and deep vein thrombosis (DVT), the demand for effective treatment options is escalating.

 

Recent trends show a significant shift towards minimally invasive procedures, such as endovenous laser therapy (EVLT) and radiofrequency ablation (RFA), which provide faster recovery times and lower risks compared to traditional surgery. The adoption of advanced imaging technologies like duplex ultrasound has further improved diagnostic accuracy and treatment planning, leading to better patient outcomes. Additionally, the increasing focus on personalized medicine has driven the development of tailored therapies based on individual patient profiles, enhancing treatment efficacy and patient care.
 

Pharmaceutical advancements are also making a significant impact, with the introduction of new anticoagulant and anti-inflammatory medications that complement procedural interventions. Additionally, the growing geriatric population, which is more susceptible to venous disorders, is fueling market growth. The expanding availability of innovative devices and technologies, along with supportive government policies and reimbursement schemes, is expected to further accelerate market expansion.
 

Chronic venous occlusions (CVO) treatment refers to medical interventions aimed at managing persistent blockages or insufficiencies in the venous system, commonly caused by conditions like chronic venous insufficiency (CVI) or deep vein thrombosis (DVT). Treatment options include conservative measures such as compression therapy, as well as more advanced procedures like endovenous laser therapy (EVLT), radiofrequency ablation (RFA), and surgical interventions to restore normal blood flow and alleviate symptoms. The goal of CVO treatment is to reduce venous pressure, improve circulation, and enhance the quality of life for individuals affected by venous disorders.

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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