Categories: Healthcare

Chronic Venous Occlusions Treatment Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope

Chronic venous occlusion refers to the long-term blockage or obstruction of veins, often in the legs or arms, which can impede blood flow and lead to various health issues, including swelling, pain, and skin changes. The treatment is used to manage symptoms, slow down the progression of the disease, and prevent complications.

Sizing and Forecast

The chronic venous occlusions treatment market size has grown strongly in recent years. It will grow from $6.23 billion in 2023 to $6.7 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to investments in treatment innovation, rise in venous disorder prevalence, awareness and diagnosis improvement, clinical trials and research initiatives, improved patient outcomes and quality of life..

The chronic venous occlusions treatment market size is expected to see strong growth in the next few years. It will grow to $8.67 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to rise in venous disorders awareness, rising demand for minimally invasive procedures, ageing population dynamics, advancements in endovascular therapies, focus on patient-centric care.. Major trends in the forecast period include advancements in minimally invasive procedures, technological innovations in interventional radiology, focus on endovascular therapies, growing prevalence of venous disorders, rise in aging population..

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Segmentation & Regional Insights

The chronic venous occlusions treatment market covered in this report is segmented –

1) By Product: Devices, Drugs
2) By Application: Varicose Veins, Venous Stasis Ulcers, Edema, Deep Vein Thrombosis, Other Applications
3) By End User: Hospitals, Clinics, Ambulatory Surgery Centers, Trauma centers, Other End-Users

North America was the largest region in the chronic venous occlusions treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chronic venous occlusions treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The increasing incidence of obesity is expected to propel the growth of the chronic venous occlusion treatment market going forward. Obesity is a medical condition characterized by an excessive accumulation of body fat, typically resulting in an individual having a body mass index (BMI) of 30 or higher. Chronic venous occlusion treatment can help control obesity-related symptoms like edema and skin changes by improving blood flow and reducing inflammation, contributing to better obesity management. For instance, in March 2023, according to the World Heart Federation, a Switzerland-based non-government global cardiovascular community, globally around 2.3 billion adults and children were obese or overweight, and with the current obesity trend, it is estimated that the number of people living with obesity will reach 2.7 billion by 2025. Therefore, the growing incidence of obesity is driving the growth of the chronic venous occlusion treatment market.

Key Industry Players

Major companies operating in the chronic venous occlusions treatment market report are Cardinal Health Inc., Bayer AG, Sanofi S.A., 3M Company, Bristol-Myers Squibb Company, Medtronic PLC, Becton, Dickinson and Company (BD), Stryker Corporation, Boston Scientific Corporation, Terumo Corporation, Ethicon Inc., Philips Medical Systems, Teleflex Incorporated, Cook Group Incorporated, Merit Medical Systems Inc., Integer Holdings Corporation, Penumbra Inc., Inari Medical, Argon Medical Devices Inc., AngioDynamics Inc., Rontis Corporation, Endologix, Richard Wolf GmbH, SIGVARIS AG, enVVeno Medical Corporation, LimFlow SA

The chronic venous occlusions treatment market report table of contents includes:

1. Executive Summary
2. Chronic Venous Occlusions Treatment Market Characteristics
3. Chronic Venous Occlusions Treatment Market Trends And Strategies
4. Chronic Venous Occlusions Treatment Market – Macro Economic Scenario
5. Global Chronic Venous Occlusions Treatment Market Size and Growth
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32. Global Chronic Venous Occlusions Treatment Market Competitive Benchmarking
33. Global Chronic Venous Occlusions Treatment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Chronic Venous Occlusions Treatment Market
35. Chronic Venous Occlusions Treatment Market Future Outlook and Potential Analysis
36. Appendix