Global Vein Stripper Market Size, Trends & Growth Opportunity, By Material (Metal, and Polymer), By Usage (Disposable, and Reusable), By Size (9MM, 12MM, and 15MM), By End Users (Hospitals, Clinics, Ambulatory Surgical Centres), Regional Outlook, Competit

Global Vein Stripper Market Size, Trends & Growth Opportunity, By Material (Metal, and Polymer), By Usage (Disposable, and Reusable), By Size (9MM, 12MM, and 15MM), By End Users (Hospitals, Clinics, Ambulatory Surgical Centres), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.

Global Vein Stripper Market

Global Vein Stripper Market was valued at USD 672.7 million in 2021 and is expected to reach USD 1,395 million by 2027, at a CAGR 11.77% from 2022-2027.

Vein stripper is a medical device that is used to strip out the vein under the skin using minimal incisions for the treatment of varicose veins & other various venous services. Vein stripping is used to remove and tie off a large vein in the leg called the superficial saphenous vein. This helps in treatment of varicose veins. Vein stripping usually takes about 1 to 1 1/2 hours. Approx. 96% success rate is possible after high tie, stripping of the long saphenous vein with multiple avulsions of varicosities.

Market Drivers

Increasing incidences and screening of varicose veins problems around the world is the key driving factor which is expected to boost the global vein stripper market growth. According to ‘Society for Vascular Surgery’ around 30-40% of population suffers from varicose veins problems around the world. Also, rising geriatric population and increase in technological advancements is expected to boost the market growth during this forecast period 2027.

Market Restraints

Somehow, availability of substitute treatments is the major challenging factor which is expected to restrain the global vein stripper market growth. Also, some of the treatment side effects, like pain, thrombosis, allergic conditions, nerve injury and post-operative bleeding can affect the market growth.

Market Segmentation

The Global Vein Stripper Market is segmented into material, usage, size, end users and region.

Based on end suer, the global vein stripper market is segmented into Hospitals, Clinics, Ambulatory Surgical Centres. Ambulatory Surgical Centre holds highest market share in the global vein stripper market and is expected to dominate in the forecast period.

Regional Analysis

The Global Vein Stripper Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

North American region is expected to dominate the vein stripper market share while Asia-Pacific region is the fastest-growing market. The prevalence of venous diseases among the population in the region is high. The European market is projected to grow at the highest CAGR rate.

Key Players

Various key players are discussed into the Global Vein Stripper Market Report including: B. Braun Melsungen AG, Seda S.p.A, Accura, Novo Surgical Inc., Sklar Surgical Instruments, isomed, Becton, and Dickinson and Company, I-VASC, Theraclion, Energist Ltd., and Others.

For instance, in April 2022, I-VASC a medical device company had closed a Series A funding investment worth EURO 1.8 Million for bringing its VELEX Device, which is used for treatment of varicose veins.

Market Taxonomy

By Material

• Metal
• Polymer