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Enteral Feeding Devices Market Comprehensive Analysis And Vendor Landscape 2027

The endovenous laser therapy market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020, and it is expected to reach US$ xx million by the year 2025, with an estimated CAGR of 7.10% during the forecast period (2020-2025).

Endovenous laser therapy is minimally invasive ultrasound-guided technique, which is used for the effective treatment of varicose veins, particularly among the adult population suffering from saphenous insufficiency. The therapy is performed using laser energy and performed by an interventional radiologist or vascular surgeon. Varicose veins are considered as a highly common condition among the adult population from several industrialized countries, largely impacting their much-needed quality of life. Technological advancement in the techniques used to perform endovenous laser therapy, rising number of patients suffering from varicose veins disorder, and increasing demand for endovenous later therapy have boosted the market growth.

Key Insights:

Latest Updates

Analyst Views

Future Outlook of the Market

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Competitive Landscape:

Key players in the endovenous laser therapy market include AngioDynamics, Inc., Syneron Medical Ltd., Dornier Medtech GmbH, Alma Lasers Ltd., Alna-Medical system GmbH, LSO Medical, WONTECH Co., Ltd., Intros Medical Laser GmbH, and Energist Ltd. among others.

The market players have adopted product development, U.S. Food and Drug Administration (FDA) approval and acquisition strategies to solidify their market position. For instance, in November 2016, Leonardo Mini along with biolitec announced the development of a highly compact and versatile laser that has medical application. The novel type of ELVeS radial 2ring slim fiber is being deployed during the treatment of the saphenous vein. Such a laser treatment is expected to offer highly effective and uniform sealing of the veins compared to the traditional therapy techniques.

Market Dynamics:

Substantial investments in the setting up of centers performing endovenous laser therapy drive the market growth. For instance, in August 2019, Palatine, which is a private equity firm, invested an undisclosed amount of funding from its already allocated fund of approximately US$125.6 million (UK Pounds 100 million) of total fund that targets on development of vein center in the U.K. that offer endovenous laser ablation (EVLA) for the management of varicose veins. In addition, a notable clinical trial on endovenous later therapy treatment also contributes to market growth. Also, key market players are focused on introducing novel products and services to boost their product portfolio. For instance, in March 2019, Healogics introduced a novel program referred to as Healogics Vein Care to offer patients with an improved level of care in a highly convenient way. However, the high initial treatment cost, poor availability of skilled professionals, and risks associated with the treatment act as restraints for the growth of the market.

North America holds a dominant market share of the endovenous laser therapy market followed by Europe and Asia-Pacific. The growth of North America is primarily due to notable prevalence of varicose veins condition in the region that creates demand for endovenous laser therapy.

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Market Taxonomy:

By Product Type

Endovenous Laser SystemsDiode Lasers Yag Lasers

Endovenous Laser FibersBare Tip Laser Fibers Radial Tip Laser Fibers Gold-Tip Laser Fibers

By End User

Hospitals

Ambulatory Surgical Centers (ASCs)

Specialized Clinics

Others

By Region

North America

Europe

Asia-Pacific

Latin America

Middle East and Africa

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FAQ's:

Note: This report provides in-depth analysis of the endovenous laser therapy market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

What are the trends adopted by key players in the endovenous laser therapy market?

What key factors are expected to increase the demand for endovenous laser therapy market during the forecast period 2020-2025?

What are the major challenges inhibiting the growth of the endovenous laser therapy market?

What is the total market value (US$ Mn) generated in endovenous laser therapy market by product type in 2019 and what are the forecasts by 2025?

Which end user is expected to dominate the endovenous laser therapy market in the coming years?

What was the total revenue generated by the endovenous laser therapy market across different regions (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) in 2019, along with CAGR (%) for the period (2020-2025)?

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