Endovenous Laser Therapy Market to Hit US$ 811.0 Million by 2031, Driven By Rising Varicose Vein Cases and Minimally Invasive Demand

According to a recent market survey conducted by ‘Future Market Insights (FMI), the global Endovenous Laser Therapy Market has valued at USD 407.6 Million in 2022 and is expected to reach US$ 811.0 Million by 2031.

Rise in number of varicose veins cases, availability of technologically advanced laser therapy, shift towards minimally invasive procedures and increasing product launches are the primary factors responsible for the growth of the market during the forecast period.

Varicose veins are more common in pregnant women, partly because the baby puts more pressure on the veins and partly because pregnancy hormones relax vein walls. Damage to a deep leg vein can cause varicose veins to form. Rising cases of varicose veins are expected to drive revenue growth in the endovenous laser systems market over the forecast period.

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Another factor that is having a positive impact on endovenous laser therapy is the rapid change in lifestyle with no physical activity and labour across the globe, as well as the rise in the elderly population, both of which are anticipated to contribute to the global market’s growth over the forecast period. The market is also expected to develop due to the quick and effective technique as well as the growing demand for endovenous laser therapy.Moreover, growing prevalence of obesity worldwide is driving growth of the endovenous laser therapy market. Obesity leads to problems related to blood circulation which leads to varicose veins.

Medical device manufacturers operating in the endovenous laser therapy market are focusing on providing user friendly devices to the end users to minimize chances of manual errors. In addition, continuous launch of new and improved products and increasing investment in research and development by the manufacturers in endovenous laser therapy devices would lead to growth of global market over the forecast period.

Key Takeaways from Endovenous Laser Therapy Market Study:

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“Growing prevalence of varicose veins, shift towards minimally invasive procedures, availability of novel laser treatment and increasing number of product launches Is Expected to Drive the Demand for Endovenous Laser Therapy over the Decade,” says the FMI Analyst

Key Companies Profiled:

Some of the leading manufacturers of endovenous laser therapy market are focusing on product launches, approvals, collaboration, and partnership strategies for global expansion objectives, thereby, enhancing their market presence.

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Endovenous laser therapy Market by Category:

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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