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Pulished Date February, 2020
ID: 5109
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Global Endovenous Laser Therapy Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Technology, End Users and Region – Industry Forecast (2020 to 2025)

Pulished: February, 2020
ID: 5109
Pages: 175

Endovenous Laser Therapy Market Size (2020 to 2025)

The size of the global endovenous laser therapy market was worth USD 271.8 Million in 2020. It is expected to grow at a CAGR of 7.37% to reach USD 387.9 Million by 2025. 

Endovenous laser therapy is the treatment of eliminating varicose veins using laser energy. The therapy is safe and effective in medical procedures such as eye surgery, dermatology.

MARKET DRIVERS:

During the forecast period, the global endovenous laser therapy market is expected to rise due to the rising prevalence of varicose veins.

According to the American Vein and Lymphatic Society, more than 40 million people in the United States suffer from varicose veins in 2019. Furthermore, the growing prevalence of obesity is expected to fuel business growth. 

The adoption of emerging technologies resulting from technological innovation catalyzes business development; increasing the aging population is expected to drive revenue growth in the endovenous laser systems market.

The global endovenous laser therapy market growth is further expected to be supported by increased R&D in the areas of ELT (Endovenous laser treatment) and ELA (endovenous laser ablation). Researchers from the Azerbaijan State Advanced Training Institute for Doctors concluded in July 2019 that ELA is a safe, reliable, and less painful method of ablating deficient perforated veins that can be done as an outpatient procedure.

MARKET RESTRAINTS:

The global endovenous laser therapy market is projected to be hampered by the availability of alternative therapies. The ‘VenaSeal Closure System,’ for instance, is designed to treat varicose veins by sealing the affected vein nearest to the skin (superficial varicose veins). Furthermore, due to its non-sclerosant, non-thermal, and non-tumescent properties, the method eliminates the risk of nerve damage caused by thermal-based procedures. 

Along with this, the market's growth will be hampered by high initial costs. Risk factors associated with varicose vein care and a lack of highly skilled professionals restrict the market growth.

ELT-related issues are likely to stymie business expansion. ELT risks include skin burns, deep vein thrombosis, pulmonary embolism, nerve damage, temporary numbness, bruising, phlebitis, hematoma, induration, and a tightness sensation; the challenges faced by the endovenous laser therapy market.

Impact of COVID-19 on the global endovenous laser therapy market:

The disease has spread to almost every nation on the planet since the COVID-19 virus outbreak in December 2019, causing the World Health Organization to declare it a public health emergency. Endovenous laser therapy (ELT) is mainly used to close or shrink varicose veins by inducing scar tissue to stimulate within the vessel, thus increasing blood flow. The pandemic of COVID-19 has created a difficult situation for players in the Endovenous Laser Therapy market. The market shares are going to grow at a double rate in 2021. 

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 to 2025

Base Year

2019

Forecast Period

2020 to 2025

Segments Covered

By Technology, End User, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East, and Africa

 

This research report on the global endovenous laser therapy market has been segmented and sub-segmented based on the technology, end-user, and region.

Endovenous Laser Therapy Market - By Technology:

  • Endovenous Laser Systems             
    • Diode Lasers
    • YAG Lasers
  • Endovenous Laser Fibres  
    • Bare Tip Laser Fibre
    • Radial Tip Laser Fibre
    • Gold Tip Laser Fibre

Based on technology, the endovenous laser system is expected to lead the global endovenous laser therapy market during the forecast period. The quick and efficient procedure offered by endovenous laser therapy to treat varicose veins instead of conventional vein surgery has a positive impact on the endovenous laser systems market.

Endovenous Laser Therapy Market - By End User:

  • Hospital    
  • Clinic          
  • Ambulatory Centre         

Based on the end-user, the hospital segment is forecasted to be in the leading position during the forecast period. The rising scale of the hospitals and an increasing number of patients are escalating the market demand.

Endovenous Laser Therapy Market - By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Regionally, North America is the market leader in the global endovenous laser therapy market. The increasing prevalence of obesity in North America is expected to primarily impact the revenue growth of the Endovenous laser systems segment over the forecast period. Over the forecast period, the rising prevalence of obesity in North America is expected to affect revenue growth in the Endovenous laser systems market significantly.

The APAC regional market is predicted to grow at a significant rate during the forecast period. The surge in demand for varicose vein treatment procedures due to the increasing number of patients suffering from varicose veins in China is anticipated to increase adoption of Endovenous laser systems in China, thereby adding to the market attractiveness of this segment in the country and subsequently in the APEJ region.

The European market had accounted for a substantial share in the global market in 2020. Higher availability of technologically advanced products, particularly in emerging economies, is anticipated to drive the Endovenous laser systems market category revenue in the Western Europe market over the forecast mentioned above period. In Eastern Europe, Russia is estimated to witness a high growth rate in contrast to other countries because of the government initiatives for medical progress in the country.

KEY MARKET PARTICIPANTS:

List of crucial players leading role in the Global Endovenous Laser Therapy Market profiled in this report is Alma Lasers Ltd., Alna-Medical system GmbH, LSO Medical, AngioDynamics, Inc., Syneron Medical Ltd, Dornier Medtech GmbH, Wontech Co., Ltd, intros Medical Laser GmbH, Energist Ltd among others.

THIS REPORT INCLUDES:

  1. The evaluation of the current market for your product or services and the future implications of the market.
  2. Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the future market.
  3. Extensive segmentation to understand the market dynamics at a very granular level by splitting down the market to the smallest segment.
  4. Addresses the fundamental market dynamics involving the drivers, restraints, and challenges to provide insights for gaining market share.
  5. The factors responsible for shaping the industry as it is as a result of the competitive environment are analyzed through Porter’s Five Forces.
  6. The effects of political, economic, social, technological, legal, and environmental factors on the industry are analyzed through PESTLE analysis to understand better the aspects of strategic management required to comply with the exogenous and endogenous factors.
  7. Strategic evaluation of the key players to gain insights into their performance, allowing access to their product portfolio, financial performance, and the strengths of their strategic business developments.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Technology                 

                                5.1.1 Introduction           

                                5.1.2 Endovenous Laser Systems             

                                                5.1.2.1 Diode Lasers

                                                5.1.2.2 YAG Lasers

                                5.1.3 Endovenous Laser Fibres  

                                                5.1.3.1 Bare Tip Laser Fibre

                                                5.1.3.2 Radial Tip Laser Fibre

                                                5.1.3.3 Gold Tip Laser Fibre

                                5.1.4  Y-o-Y Growth Analysis, By Technology       

                                5.1.5  Market Attractiveness Analysis, By Technology     

                                5.1.6  Market Share Analysis, By Technology       

                5.2 End User                      

                                5.2.1 Introduction           

                                5.2.2 Hospital    

                                5.2.3 Clinic          

                                5.2.4 Ambulatory Center             

                                5.2.5 Y-o-Y Growth Analysis, By End User             

                                5.2.6 Market Attractiveness Analysis, By End User           

                                5.2.7 Market Share Analysis, By End User             

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Technology

                                                6.1.3.3 By End User

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Technology

                                                6.1.4.3 By End User

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Technology

                                                6.1.5.3 By End User

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 AngioDynamics, Inc.                               

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Syneron Medical Ltd                               

                8.3 Dornier Medtech GmbH                       

                8.4 Alma Lasers Ltd.                       

                8.5 Alna-Medicalsystem GmbH                 

                8.6 LSO Medical                               

                8.7 Wontech Co., Ltd                     

                8.8 Intros Medical Laser GmbH                 

                8.9 Energist Ltd                                

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms product type and  market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Endovenous Laser Therapy Market, By Region, From 2020 to 2025 (USD Billion)
  2. Global Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  3. Global Endovenous Laser Systems Market, By Region, From 2020 to 2025 (USD Billion)
  4. Global Endovenous Laser Fibres Market, By Region, From 2020 to 2025 (USD Billion)
  5. Global Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  6. Global Hospital Market, By Region, From 2020 to 2025 (USD Billion)
  7. Global Clinic Market, By Region, From 2020 to 2025 (USD Billion)
  8. Global Ambulatory Center Market, By Region, From 2020 to 2025 (USD Billion)
  9. North America Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  10. North America Endovenous Laser Systems Market, By Region, From 2020 to 2025 (USD Billion)
  11. North America Endovenous Laser Fibres Market, By Region, From 2020 to 2025 (USD Billion)
  12. North America Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  13. North America Hospital Market, By Region, From 2020 to 2025 (USD Billion)
  14. North America Clinic Market, By Region, From 2020 to 2025 (USD Billion)
  15. North America Ambulatory Center Market, By Region, From 2020 to 2025 (USD Billion)
  16. United States Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  17. United States Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  18. Canada Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  19. Canada Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  20. Europe Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  21. Europe Endovenous Laser Systems Market, By Region, From 2020 to 2025 (USD Billion)
  22. Europe Endovenous Laser Fibres Market, By Region, From 2020 to 2025 (USD Billion)
  23. Europe Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  24. Europe Hospital Market, By Region, From 2020 to 2025 (USD Billion)
  25. Europe Clinic Market, By Region, From 2020 to 2025 (USD Billion)
  26. Europe Ambulatory Center Market, By Region, From 2020 to 2025 (USD Billion)
  27. U.K. Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  28. U.K. Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  29. Germany Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  30. Germany Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  31. France Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  32. France Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  33. Italy Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  34. Italy Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  35. Spain Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  36. Spain Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  37. Asia Pacific Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  38. Asia Pacific Endovenous Laser Systems Market, By Region, From 2020 to 2025 (USD Billion)
  39. Asia Pacific Endovenous Laser Fibres Market, By Region, From 2020 to 2025 (USD Billion)
  40. Asia Pacific Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  41. Asia Pacific Hospital Market, By Region, From 2020 to 2025 (USD Billion)
  42. Asia Pacific Clinic Market, By Region, From 2020 to 2025 (USD Billion)
  43. Asia Pacific Ambulatory Center Market, By Region, From 2020 to 2025 (USD Billion)
  44. Japan Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  45. Japan Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  46. China Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  47. China Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  48. India Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  49. India Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  50. Australia Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  51. Australia Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  52. South Korea Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  53. South Korea Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  54. Latin America Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  55. Latin America Endovenous Laser Systems Market, By Region, From 2020 to 2025 (USD Billion)
  56. Latin America Endovenous Laser Fibres Market, By Region, From 2020 to 2025 (USD Billion)
  57. Latin America Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  58. Latin America Hospital Market, By Region, From 2020 to 2025 (USD Billion)
  59. Latin America Clinic Market, By Region, From 2020 to 2025 (USD Billion)
  60. Latin America Ambulatory Center Market, By Region, From 2020 to 2025 (USD Billion)
  61. Brazil Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  62. Brazil Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  63. Argentina Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  64. Argentina Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  65. Mexico Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  66. Mexico Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  67. Rest of Latin America Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  68. Rest of Latin America Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  69. Middle East and Africa Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  70. Middle East and Africa Endovenous Laser Systems Market, By Region, From 2020 to 2025 (USD Billion)
  71. Middle East and Africa Endovenous Laser Fibres Market, By Region, From 2020 to 2025 (USD Billion)
  72. Middle East and Africa Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  73. Middle East and Africa Hospital Market, By Region, From 2020 to 2025 (USD Billion)
  74. Middle East and Africa Clinic Market, By Region, From 2020 to 2025 (USD Billion)
  75. Middle East and Africa Ambulatory Center Market, By Region, From 2020 to 2025 (USD Billion)
  76. Middle East Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  77. Middle East Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)
  78. Africa Endovenous Laser Therapy Market, By Technology, From 2020 to 2025 (USD Billion)
  79. Africa Endovenous Laser Therapy Market, By End Users, From 2020 to 2025 (USD Billion)

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