MARKET OVERVIEW
Endovenous laser therapy (EVLT) is a minimally invasive procedure used to treat varicose veins. It involves the use of a laser to heat and seal the affected vein, resulting in collapse and redirecting blood flow to healthier veins. EVLT is a relatively new procedure and has emerged as a popular alternative to traditional vein-stripping surgeries. The endovenous laser therapy market refers to the sale of equipment, devices, and products used in the EVLT procedure, including laser systems, catheters, and accessories. The market is driven by increasing demand for minimally invasive procedures, the growing prevalence of varicose veins, and advancements in laser technology.
MARKET DYNAMICS
The endovenous laser therapy market is anticipated to grow in the forecast period owing to driving factors such as increasing number of patients with varicose veins, the fast and effective procedure and growing demand for endovenous laser therapy. Nevertheless, chances of manual errors and other unwanted errors may hinder the endovenous laser therapy market growth during the forecast period.
MARKET SCOPE
The "Global Endovenous Laser Therapy Market Analysis to 2031" is a specialized and in-depth study of the pharmaceutical industry with a special focus on the global market trend analysis. The report aims to provide an overview of endovenous laser therapy market with detailed market segmentation by Product, End User and geography. The global Endovenous Laser Therapy market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Endovenous Laser Therapy market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global endovenous laser therapy market is segmented on the basis of Product and End User. Based on product the market is segmented into endovenous laser systems and endovenous laser fibers. The endovenous laser system is further segmented into diode lasers and yag lasers. The endovenous laser fibers is further segmented into bare tip fibers, radial tip laser fibers and gold-tip laser fibers. Based on end user the market is segmented into hospitals, ambulatory surgical centers and specialized clinics.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global endovenous laser therapy market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The endovenous laser therapy market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting endovenous laser therapy market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the endovenous laser therapy market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global endovenous laser therapy market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The endovenous laser therapy market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting endovenous laser therapy market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the endovenous laser therapy market in these regions.
MARKET PLAYERS
The reports cover key developments in the endovenous laser therapy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from endovenous laser therapy market are anticipated to lucrative growth opportunities in the future with the rising demand for endovenous laser therapy in the global market. Below mentioned is the list of few companies engaged in the endovenous laser therapy market.
The report also includes the profiles of key endovenous laser therapy market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AngioDynamics, Inc.
- Syneron Medical Ltd
- Dornier Medtech GmbH
- Alma Lasers Ltd.
- Alna-Medicalsystem GmbH
- LSO Medical
- WONTECH Co., Ltd
- intros Medical Laser GmbH
- Energist Ltd
- Ramsay Health Care UK
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Endovenous Laser Therapy Market - By Product
1.3.2 Endovenous Laser Therapy Market - By End User
1.3.3 Endovenous Laser Therapy Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. ENDOVENOUS LASER THERAPY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ENDOVENOUS LASER THERAPY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ENDOVENOUS LASER THERAPY MARKET - GLOBAL MARKET ANALYSIS
6.1. ENDOVENOUS LASER THERAPY - GLOBAL MARKET OVERVIEW
6.2. ENDOVENOUS LASER THERAPY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ENDOVENOUS LASER THERAPY MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. ENDOVENOUS LASER SYSTEMS
7.3.1. Overview
7.3.2. Endovenous Laser Systems Market Forecast and Analysis
7.3.3. Diode Lasers and Yag Lasers Market
7.3.3.1. Overview
7.3.3.2. Diode Lasers and Yag Lasers Market Forecast and Analysis
7.4. ENDOVENOUS LASER FIBERS
7.4.1. Overview
7.4.2. Endovenous Laser Fibers Market Forecast and Analysis
7.4.3. Bare Tip Fibers Market
7.4.3.1. Overview
7.4.3.2. Bare Tip Fibers Market Forecast and Analysis
7.4.4. Radial Tip Laser Fibers and Gold-Tip Laser Fibers Market
7.4.4.1. Overview
7.4.4.2. Radial Tip Laser Fibers and Gold-Tip Laser Fibers Market Forecast and Analysis
8. ENDOVENOUS LASER THERAPY MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS, AMBULATORY SURGICAL CENTERS AND SPECIALIZED CLINICS
8.3.1. Overview
8.3.2. Hospitals, Ambulatory Surgical Centers and Specialized Clinics Market Forecast and Analysis
9. ENDOVENOUS LASER THERAPY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Endovenous Laser Therapy Market Overview
9.1.2 North America Endovenous Laser Therapy Market Forecasts and Analysis
9.1.3 North America Endovenous Laser Therapy Market Forecasts and Analysis - By Product
9.1.4 North America Endovenous Laser Therapy Market Forecasts and Analysis - By End User
9.1.5 North America Endovenous Laser Therapy Market Forecasts and Analysis - By Countries
9.1.5.1 United States Endovenous Laser Therapy Market
9.1.5.1.1 United States Endovenous Laser Therapy Market by Product
9.1.5.1.2 United States Endovenous Laser Therapy Market by End User
9.1.5.2 Canada Endovenous Laser Therapy Market
9.1.5.2.1 Canada Endovenous Laser Therapy Market by Product
9.1.5.2.2 Canada Endovenous Laser Therapy Market by End User
9.1.5.3 Mexico Endovenous Laser Therapy Market
9.1.5.3.1 Mexico Endovenous Laser Therapy Market by Product
9.1.5.3.2 Mexico Endovenous Laser Therapy Market by End User
9.1.5.4 US Endovenous Laser Therapy Market
9.1.5.4.1 US Endovenous Laser Therapy Market by Product
9.1.5.4.2 US Endovenous Laser Therapy Market by End User
9.2. EUROPE
9.2.1 Europe Endovenous Laser Therapy Market Overview
9.2.2 Europe Endovenous Laser Therapy Market Forecasts and Analysis
9.2.3 Europe Endovenous Laser Therapy Market Forecasts and Analysis - By Product
9.2.4 Europe Endovenous Laser Therapy Market Forecasts and Analysis - By End User
9.2.5 Europe Endovenous Laser Therapy Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Endovenous Laser Therapy Market
9.2.5.1.1 Germany Endovenous Laser Therapy Market by Product
9.2.5.1.2 Germany Endovenous Laser Therapy Market by End User
9.2.5.2 France Endovenous Laser Therapy Market
9.2.5.2.1 France Endovenous Laser Therapy Market by Product
9.2.5.2.2 France Endovenous Laser Therapy Market by End User
9.2.5.3 Italy Endovenous Laser Therapy Market
9.2.5.3.1 Italy Endovenous Laser Therapy Market by Product
9.2.5.3.2 Italy Endovenous Laser Therapy Market by End User
9.2.5.4 Spain Endovenous Laser Therapy Market
9.2.5.4.1 Spain Endovenous Laser Therapy Market by Product
9.2.5.4.2 Spain Endovenous Laser Therapy Market by End User
9.2.5.5 United Kingdom Endovenous Laser Therapy Market
9.2.5.5.1 United Kingdom Endovenous Laser Therapy Market by Product
9.2.5.5.2 United Kingdom Endovenous Laser Therapy Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Endovenous Laser Therapy Market Overview
9.3.2 Asia-Pacific Endovenous Laser Therapy Market Forecasts and Analysis
9.3.3 Asia-Pacific Endovenous Laser Therapy Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Endovenous Laser Therapy Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Endovenous Laser Therapy Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Endovenous Laser Therapy Market
9.3.5.1.1 Australia Endovenous Laser Therapy Market by Product
9.3.5.1.2 Australia Endovenous Laser Therapy Market by End User
9.3.5.2 China Endovenous Laser Therapy Market
9.3.5.2.1 China Endovenous Laser Therapy Market by Product
9.3.5.2.2 China Endovenous Laser Therapy Market by End User
9.3.5.3 India Endovenous Laser Therapy Market
9.3.5.3.1 India Endovenous Laser Therapy Market by Product
9.3.5.3.2 India Endovenous Laser Therapy Market by End User
9.3.5.4 Japan Endovenous Laser Therapy Market
9.3.5.4.1 Japan Endovenous Laser Therapy Market by Product
9.3.5.4.2 Japan Endovenous Laser Therapy Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Endovenous Laser Therapy Market Overview
9.4.2 Middle East and Africa Endovenous Laser Therapy Market Forecasts and Analysis
9.4.3 Middle East and Africa Endovenous Laser Therapy Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Endovenous Laser Therapy Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Endovenous Laser Therapy Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Endovenous Laser Therapy Market
9.4.5.1.1 South Africa Endovenous Laser Therapy Market by Product
9.4.5.1.2 South Africa Endovenous Laser Therapy Market by End User
9.4.5.2 Saudi Arabia Endovenous Laser Therapy Market
9.4.5.2.1 Saudi Arabia Endovenous Laser Therapy Market by Product
9.4.5.2.2 Saudi Arabia Endovenous Laser Therapy Market by End User
9.4.5.3 U.A.E Endovenous Laser Therapy Market
9.4.5.3.1 U.A.E Endovenous Laser Therapy Market by Product
9.4.5.3.2 U.A.E Endovenous Laser Therapy Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Endovenous Laser Therapy Market Overview
9.5.2 South and Central America Endovenous Laser Therapy Market Forecasts and Analysis
9.5.3 South and Central America Endovenous Laser Therapy Market Forecasts and Analysis - By Product
9.5.4 South and Central America Endovenous Laser Therapy Market Forecasts and Analysis - By End User
9.5.5 South and Central America Endovenous Laser Therapy Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Endovenous Laser Therapy Market
9.5.5.1.1 Brazil Endovenous Laser Therapy Market by Product
9.5.5.1.2 Brazil Endovenous Laser Therapy Market by End User
9.5.5.2 Argentina Endovenous Laser Therapy Market
9.5.5.2.1 Argentina Endovenous Laser Therapy Market by Product
9.5.5.2.2 Argentina Endovenous Laser Therapy Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ENDOVENOUS LASER THERAPY MARKET, KEY COMPANY PROFILES
11.1. ANGIODYNAMICS, INC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. SYNERON MEDICAL LTD
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DORNIER MEDTECH GMBH
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ALMA LASERS LTD
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ALNA-MEDICALSYSTEM GMBH
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LSO MEDICAL
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. WONTECH CO., LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. INTROS MEDICAL LASER GMBH
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ENERGIST LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. RAMSAY HEALTH CARE UK
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
- AngioDynamics, Inc.
- Syneron Medical Ltd
- Dornier Medtech GmbH
- Alma Lasers Ltd.
- Alna-Medicalsystem GmbH
- LSO Medical
- WONTECH Co., Ltd
- intros Medical Laser GmbH
- Energist Ltd
- Ramsay Health Care UK
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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