Latin America Varicose Vein Treatment Market is poised to reach USD 40.17 million by 2021

The Latin America Varicose Vein Treatment Market was worth USD 29.05 million in 2016 and estimated to be growing at a CAGR of 6.7%, to reach USD 40.17 million by 2021. The varicose vein treatment market is mainly driven by the rising cases of varicose veins. This condition of enlarged veins appears mostly in feet and legs. It can be caused by pregnancy, hormonal changes, genetic disorders and high blood pressure.

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The market is driven by factors like increasing patient compliance and reliability, growth in healthcare expenditure, and the rapid growth in geriatric population, availability of advanced varicose vein treatment devices, huge burden of varicose vein cases. However, dearth of trained vascular surgeons and high cost of varicose vein treatment procedures can hinder the growth of this market.

This report broadly segments the varicose vein treatment market into mode of treatment and products. On the basis of mode of treatment, the varicose vein treatment market is segmented into endovenous ablation, injection sclerotherapy, and surgical ligation/stripping. The endovenous ablation segment is expected to command the major share of the varicose vein treatment market, by mode of treatment. Based on type of products, the varicose vein treatment market is segmented into ablation devices, venous closure products, and surgical products. The radiofrequency ablation devices segment is expected to command the major share of the ablation devices market for varicose vein treatment. On the basis of geography, the market is analysed under various regions- Brazil, Argentina, Mexico and rest of Latin America.

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The major players in the varicose vein treatment market are Medtronic plc (Ireland); AngioDynamics, Inc. (U.S.); biolitec AG (Austria); Syneron Medical Ltd. (Israel); Lumenis Ltd. (Israel); Dornier MedTech GmbH (Germany); Energist Group (U.K.); Eufotons.r.l. (Italy); Vascular Solutions, Inc. (U.S.); Quanta System S.p.A. (Italy); Sciton, Inc. (U.S.); Fotonad.o.o. (Slovenia); BTG plc (U.K.); and Merz Aesthetics (U.S.)

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