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Chronic Venous Occlusions Treatment Market Trends

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

Chronic Venous Occlusions Treatment Market Trends

The increasing prevalence of varicose veins, coupled with rising awareness about its treatment, is significantly driving the chronic venous occlusions (CVO) treatment market. Varicose veins affect an estimated 25-30% of adults globally, with higher prevalence in women and aging populations. This growing incidence is amplifying the demand for effective treatment solutions.
 

  • For instance, in the U.S., approximately 23 million people suffer from varicose veins, with a substantial proportion seeking medical intervention. Awareness campaigns and educational initiatives have played a crucial role in highlighting the availability of advanced treatment options. The rise in public awareness has been facilitated by both healthcare providers and patient advocacy groups, leading to increased consultations and early diagnosis.
  • Furthermore, the advent of minimally invasive procedures such as endovenous laser therapy (EVLT) and radiofrequency ablation (RFA) has transformed the treatment landscape, offering patients effective options with reduced recovery times. The adoption of these technologies is supported by recent studies showing high success rates and patient satisfaction. For example, clinical data reveals that EVLT and RFA achieve over 90% success rates in treating varicose veins, contributing to their growing popularity.
     
  • Additionally, the integration of advanced imaging techniques, such as duplex ultrasound, has enhanced diagnostic precision and treatment planning, further driving market growth. Government initiatives and insurance coverage expansions are also contributing to increased treatment accessibility. For instance, recent policy changes in several countries have improved reimbursement rates for varicose vein treatments, making them more affordable for patients.
     
  • This combination of rising prevalence, heightened awareness, and technological advancements is expected to continue driving the CVO treatment market forward, as patients and healthcare systems increasingly prioritize effective management of chronic 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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