Global Endovenous Laser Therapy Market: Snapshot
Endovenous laser therapy (EVLT) has been used for the treatment of varicose veins with significant success, especially in adult populations with saphenous insufficiency. Varicose veins are a common condition in adult populations of several industrialized nations, increasingly affecting their quality of life. The global endovenous laser therapy market has made considerable strides, driven by continuous advances in techniques used in the procedures.
Various governments, notably in China and Japan, have espoused the safety and increased patient comfort of EVLTs for the patient populations. This has also aided in the steady evolution of the endovenous laser therapy market. The efficacy of EVLT hinges largely to the use of appropriate techniques so as to reduce post-operative complications in patient populations. Thus, developers of endovenous laser systems and ablation technologies are constantly focusing on improving the techniques. This is a key aspect of the evolution of the endovenous laser therapy market.
Several of the key clinical developments form the crux of the study on the global endovenous laser therapy market. The study tracks major product development trends, competitive dynamic prevailing among top players, and imminent investment areas in the endovenous laser therapy market.
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Global Endovenous Laser Therapy Market: Notable Developments
Endovenous laser therapy has become a popular treatment for varicose veins. Nonetheless, the market has faced stiff competition from non-surgical non-invasive treatments. A recent case in point is ultrasound-guided foam sclerotherapy. To assess the potential of such therapies and find whether ELVT is superior, researchers have resorted to randomized trials and assessed the effect of both the therapies on the quality of life of patients after five years of treatments.
Such a randomized, controlled trial was conducted in the U.K. from 2008 to 2012. The outcomes of the treatment was quantified under Aberdeen Varicose Vein Questionnaire (AVVQ)—key disease-specific quality-of-life scores. Researchers found that laser ablation showed higher outcomes and better quality of life for the patient populations.
Unarguably, the results of the trial have limitations. But, they establish a favorable environment for developments of new products in the endovenous laser therapy market.
Some of the prominent players operating in the endovenous laser therapy market are:
- Syneron Medical Ltd.
- Energist Ltd
- Alma Lasers Ltd.
- LSO Medical
- Dornier Medtech GmbH
- AngioDynamics, Inc.
Global Endovenous Laser Therapy Market: Growth Dynamics
Rising incidence of varicose veins especially in women and elderly populations is propelling the expansion of the endovenous laser therapy market. Particularly, in younger adults across both males and females, symptomatic lower extremity varicose veins are a cause of substantial morbidity.
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Knowledge gained from surgical experience over a considerable period of time shapes the development of more effective methods for varicose veins treatment. This has helped in the development of performance standards for this technique.
Over the years, patients have become aware of the high success rate of EVLT procedures. Medical device manufacturers are putting bets on developing devices that reduce the risk of manual errors in these procedures. Also, they have launched devices equipped with data management software. This has expanded the potential in the endovenous laser therapy market.
Global Endovenous Laser Therapy Market: Regional Analysis
Among the various regions, North America and Asia Pacific are regions with vast potential in the endovenous laser therapy market. Prevalence of obesity in populations of North America has been elevating the incidence of varicose veins among adult populations. Medical device manufacturers have also been putting large bets on Asia Pacific. Large patient pool and rising awareness about varicose veins are propelling the rapid expansion of the regional market.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.