The 7 major chronic venous insufficiency markets are expected to exhibit a CAGR of 4.18% during 2024-2034.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2034
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Historical Years
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2018-2023
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Market Growth Rate 2024-2034 | 4.18% |
The chronic venous insufficiency market has been comprehensively analyzed in IMARC's new report titled "Chronic Venous Insufficiency Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Chronic venous insufficiency (CVI) is a medical condition characterized by the inadequate flow of blood from the legs back to the heart, often due to malfunctioning valves in the veins. These valves are responsible for ensuring blood flows in one direction and prevents it from pooling in the legs. When they fail, blood accumulates, leading to numerous signs and symptoms of the disease. The indications of CVI can vary but commonly include swelling in the legs, ankles, and feet, accompanied by a feeling of heaviness or aching in the affected areas. Additionally, patients may experience skin changes, such as discoloration, thickening, and the development of varicose veins. In more severe cases, venous ulcers may form, leading to open sores that are challenging to heal. Diagnosing CVI involves a thorough physical examination and medical history review, including an assessment of the patient's symptoms and risk factors. Non-invasive tests, like doppler ultrasound, can also be utilized to assess blood flow and detect any abnormalities in the veins.
The rising cases of deep vein thrombosis, in which the blood clot damages the valve in the leg vein, leading to inefficient blood flow are primarily driving the chronic venous insufficiency market. In addition to this, the increasing incidences of various associated risk factors, such as sedentary lifestyles, obesity, aging populations, etc., are also creating a positive outlook for the market. Moreover, the widespread adoption of effective medications, like venoactive drugs, compression stockings, anticoagulants, etc., to manage symptoms and prevent complications of the ailment, is further bolstering the market growth. These treatments aim to alleviate pain, reduce swelling, and promote better blood circulation, thereby enhancing the quality of life for patients. Apart from this, the rising usage of physical therapies and lifestyle changes, including regular exercise and elevation of the legs to strengthen the leg muscles, improve coordination, and enhance gross motor skills, which can ultimately boost the performance of daily activities, is acting as another significant growth-inducing factor. Additionally, the emerging popularity of minimally invasive techniques, such as endovenous laser ablation and sclerotherapy, since they target and close off abnormal veins to reduce symptoms and prevent the progression of the disease is expected to drive the chronic venous insufficiency market during the forecast period.
IMARC Group's new report provides an exhaustive analysis of the chronic venous insufficiency market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for chronic venous insufficiency and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the chronic venous insufficiency market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current chronic venous insufficiency marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
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P-TEV | Verigraft AB |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Chronic Venous Insufficiency: Current Treatment Scenario, Marketed Drugs and Emerging Therapies