US Market for Minimally Invasive Treatment of Varicose Veins to Rise to More than $215 Million by 2013
Endovenous Ablation to drive Varicose Vein Market into 2013, according to Millennium Research Group
The endovenous ablation market, which consists of endovenous laser ablation (ELA) and endovenous radiofrequency ablation (ERFA) devices, experienced a great deal of turmoil in 2007 and 2008 as a result of numerous patent infringement trials; however, much of the dust has now settled, and a large-scale acquisition has positioned the market for strong growth.
AngioDynamics’ mid-2008 acquisition of assets belonging to former ELA market leader, Diomed, signaled an end to the litigation that had plagued the laser market’s largest competitors. In spite of winning the patent infringement lawsuit against AngioDynamics and Vascular Solutions a year earlier, Diomed filed for bankruptcy protection in
“With the two largest competitors in the laser market now paying royalties to VNUS, the price of disposable laser fibers will undoubtedly increase, which is not what consumers want to see during an economic crisis,” says
Because of these price increases, many physicians will take on more patients for varicose vein treatments in order to maximize device return-on-investment. These conditions, combined with the growing patient awareness of minimally invasive treatment alternatives to varicose vein surgery, will fuel significant growth in the endovenous ablation market over the next several years.
In addition to the endovenous ablation market, MRG’s US Markets for Varicose Vein Treatment Devices 2009 report provides coverage of the phlebectomy and as well markets, and key competitors, including AngioDynamics, biolitec, CoolTouch, Dornier MedTech, InaVein, Vascular Solutions, VNUS Medical Technologies, and many more.
About Millennium Research Group
Millennium Research Group (www.MRG.net), a Decision Resources, Inc. company (www.DecisionResourcesInc.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the health care sector. The company provides specialized industry expertise through published reports, ongoing Marketrack(TM) projects, and customized solutions.
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SOURCE Millennium Research Group