Categories: Market Research

Chronic Venous Occlusions Treatment Market Size, Review

The Chronic Venous Occlusions Treatment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Chronic Venous Occlusions Treatment Global Market Report 2024, 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..

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.

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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

Major companies operating in the chronic venous occlusion treatment market are increasing their focus on developing minimally invasive devices such as VenoValve to gain a competitive edge in the market. VenoValve is a minimally invasive device designed to prevent blood from flowing backward through small incisions. For instance, in August 2021, Hancock Jaffe Laboratories Inc., a US-based medical device company, announced the U.S. Food and Drug Administration’s, a US-based federal agency, approval of VenoValve, a prosthetic valve designed to be implanted in the deep veins of the leg to treat chronic venous occlusion. The VenoValve is a small, mesh-like device injected into the vein. The device acts as a one-way valve, preventing blood from flowing backward. The VenoValve is implanted through a small incision in the thigh, and the procedure is typically performed under general anesthesia. VenoValve is based on preliminary clinical data showing that the device can be more effective than current treatments for deep vein reflux.

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

Executive Summary
Chronic Venous Occlusions Treatment Market Characteristics
Chronic Venous Occlusions Treatment Market Trends And Strategies
Chronic Venous Occlusions Treatment Market – Macro Economic Scenario
Global Chronic Venous Occlusions Treatment Market Size and Growth

Global Chronic Venous Occlusions Treatment Market Competitive Benchmarking
Global Chronic Venous Occlusions Treatment Market Competitive Dashboard
Key Mergers And Acquisitions In The Chronic Venous Occlusions Treatment Market
Chronic Venous Occlusions Treatment Market Future Outlook and Potential Analysis
Appendix

Top Major Players: