Industry Forecast for the Global Varicose Vein Treatment Market

Varicose vein treatment isn't a new field, but there have been significant advances in treatment options over the years

In some cases, varicose veins are merely unsightly, cosmetic blemishes, including veins that are dark blue or purple in appearance, as well as those that bulge on the surface of the skin like ropy, elevated welts. It’s not hard to see why those suffering from this condition would seek appropriate varicose vein treatment.

However, varicose veins can cause much worse than mere cosmetic drawbacks. They can also cause itching, burning, or cramping sensations, as well as pain. They can make legs throb or feel heavy, they can lead to swelling and bleeding, or even ulcers, and symptoms could worsen over time. In extreme cases, varicose veins could be a sign of serious vascular disease. In other words, varicose vein treatment is a good idea for both medical and cosmetic purposes.

According to the National Institutes of Health (NIH), varicose veins affect roughly 20% of adults at some point in their lives (and that’s just statistics for the U.S.). Whether the condition is painful or merely visually unappealing, many who suffer from varicose veins would rather not have them, so it’s no surprise that many patients approach experienced and reputable specialists at facilities like Metro Vein Centers in search of varicose vein treatment.

In fact, the forecast for the global varicose vein treatment market appears strong, with experts predicting growth in the coming years. How is the market predicted to grow and change? What types of treatments are available and which are the most popular and effective? Here’s what you need to know.

A Growing Market
According to a report from custom market research firm Future Market Insights entitled “Varicose Vein Treatment Market: Global Industry Analysis and Opportunity Assessment 2016-2026”, the worldwide marketplace for varicose vein treatment is expected to increase by over $400 million (USD) by the end of 2026, reaching an estimated value of $931.4 million. This indicates a compound annual growth rate of about 6.4%.

What will spur this growth? According to the report, there are several potential contributing factors that led to this forecast. One is the predicted increase in obesity, which can be a contributing factor in the formation of varicose veins. Another is ongoing improvements to treatments for the condition, including a focus on patient safety, innovations in user-friendly technologies, and proven results related to increasing effectiveness of treatments. In addition, costs for newer, more popular forms of treatment are coming down, potentially increasing the likelihood that patients will seek treatment.

The report also predicts that the majority of varicose vein treatments will remain in the North American market, including the U.S. and Canada, amounting to roughly 40%, with a value of about $420 million by the end of 2026. However, the report predicts the greatest overall growth in the Asian market, which is predicted to see a compound annual growth rate of 7%, just slightly over the general average. In addition, specialized clinics like Metro Vein Centers are slated to see more growth than hospitals and surgical centers, with a compound annual growth rate of about 7.2% by the end of 2026.

Treatment Types
Varicose vein treatment isn’t a new field, but there have been significant advances in treatment options over the years. Most commonly, patients wear compression stockings, which are designed to apply pressure in order to help the body return blood to the heart. While this could potentially stop the formation of new varicose veins, it isn’t very effective at reducing the appearance of existing bulges or discoloration.

The most popular treatment for varicose veins for many years was sclerotherapy, and it is still widely practiced today. This treatment is relatively non-invasive and involves injecting a sclerosing solution into varicose or spider veins and causing them to collapse before being reabsorbed into the body. For large varicose veins, a foam sclerosing solution is used.

The upside of this treatment is that it only takes a few minutes to perform in-office, after which patients can return home. However, it may take several office visits to treat all affected veins, and there could be several weeks of recovery before all traces of varicose or spider veins disappear.

Other options include ambulatory phlebectomy, an out-patient procedure in which varicose veins near the surface of the skin are removed through small incisions, as well as vein surgery, also known as vein stripping. The latter is not in common use anymore because there are far less invasive procedures that deliver the same or better results.

This brings us to endovenous laser treatment, or EVLT. This minimally-invasive procedure involves the use of lasers, guided by ultrasound, which heat the vein from the outside in order to cause it to close off. With only local anesthesia applied, this out-patient treatment can be completed in under an hour and patients can be back on their feet in as little as 24 hours. It is not only more effective than, say, surgery, but it also has less impact on patients’ lives.

According to the Future Market Insights report, EVLT is slated to become the most popular form of treatment for varicose veins, nabbing revenues totaling $500 million by the end of 2026. Metro Vein Centers offer sclerotherapy, ambulatory phlebectomy, and EVLT to patients seeking varicose vein treatment.

Patient Outcomes
With assistance from industry leaders at reputable clinics like Metro Vein Centers, patients suffering from unsightly and painful varicose veins have the opportunity to improve their outlook considerably, combatting pain and regaining confidence following varicose vein treatment. Experienced, board-certified physicians can offer a variety of treatment options intended to ensure that every patient receives the outcomes they desire with a form of treatment they’re comfortable with. The latest technologies ensure the best possible outcomes for patients.

Because of the appeal of varicose vein treatment, the growth of minimally-invasive options, and the fact that many treatments are covered by insurance, the global market looks to hold strong and even accelerate in the coming years. This, in turn, should ensure an influx of highly-trained specialists intent on delivering desirable results for patients suffering from varicose veins, allowing them to return to their lives looking and feeling fantastic.

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