Market Overview:
Growing incidence of spider veins as well as varicose veins will help to fuel global microsclerotherapy market. Microsclerotherapy is one of the finest technique to treat spider veins. Spider vein are also called as small varicose veins. They are produced because of the malfunctioning of the valves in the veins. Moderately painless technique, highly effective, minimal invasion, fewer post-operative complications, simple analgesic necessary during the process are the key drivers that will propel the evolution of the global market. Moreover, occurrence of unhealthy lifestyle, heredity, obesity are the factors that can influence the development of the global microsclerotherapy market during the forecast period.
Asia Pacific is projected to be the fastest-growing market, expanding at a CAGR of
% from 2021 to 2030.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2021 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Vein Clinics of America, Inc. (United States), STD Pharmaceutical Products Ltd (United Kingdom), Covidien (Ireland), Chemische Fabrik Kreussler & Co GmbH (Germany), Teleflex / Vascular Solutions, Inc. (United States), Medicetics (United Kingdom), Skin Care Clinic (United Kingdom) and Maryland Dermatology, Laser, Skin & Vein Institute (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Players of Microsclerotherapy Treatment Market Study:
Vein Clinics of America, Inc. (United States), STD Pharmaceutical Products Ltd (United Kingdom), Covidien (Ireland), Chemische Fabrik Kreussler & Co GmbH (Germany), Teleflex / Vascular Solutions, Inc. (United States), Medicetics (United Kingdom), Skin Care Clinic (United Kingdom) and Maryland Dermatology, Laser, Skin & Vein Institute (United States)
Microsclerotherapy Treatment Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Hospitals, Cosmetic and Skin Clinics and Others |
Type | Sclerosants [Chromated Glycerin, Sodium Tetradecyl Sulfate, Polidocanol, Others], Micro-Needles, Graduated Compression Hosiery Supports and Others Surgical Products |
Influencing Trend:
Robust Research and Development Investments in Microsclerotherapy Treatment Development
Market Growth Drivers:
Rising Instances of Spider Veins and Varicose Veins and Introduction to Minimally Invasive Microsclerotherapy Treatment
Challenges:
Lack of Skilled Professionals related to Microsclerotherapy Treatment and Limited Availability of Resources in the Underdeveloped Regions
Restraints:
Comparatively Higher Cost of the Treatment and Availability of Number of Substitute Treatments to Microsclerotherapy Treatment
Opportunities:
Growing Prevalence of Unhealthier Lifestyles will lead to Increased Instances and Continuously Developing Healthcare Infrastructure
The Players having strong hold in the market are Vein Clinics of America, STD Pharmaceutical, Covidien, Chemische Fabrik Kreussler, and Teleflex / Vascular Solutions. Some of the other players that are also part of study are Vein Institute, LLC (United States) and Stratford Dermatherapy Clinic (United Kingdom). The Global Microsclerotherapy Treatment market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In May 2022: THERACLION has announced the release of SONOVEIN HD, a scalable robotic system for non-invasive ecotherapy. This ground-breaking technology combines the first extracorporeal treatment ultrasound solution with the cutting-edge imaging capabilities of Hologic's acquisition of Supersonic Imagine.
In December 29, 2017 – Frazier Healthcare Partners (“Frazier”) is pleased announced the acquisition of a majority ownership stake in Vein Clinics of America (“VCA” orthe “Company”), the seventh platform investment for Frazier Healthcare Growth Buyout Fund and VIII.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Microsclerotherapy Treatment market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Microsclerotherapy Treatment market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Microsclerotherapy Treatment Providers, Microsclerotherapy Drugs and Equipment Manufacturers, Hospital And Clinics, Healthcare Industry Associations, Government Agencies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.