Vein Strippers Market

Market Overview

Vein strippers are medical devices used to strip out the vein under the skin using minimal incisions to aid in the treatment of varicose veins and other chronic venous diseases. The vein stripper is a thin plastic or metal wire that can be attached to a vein after insertion and pulled by a handle attached to it. The surgery involves making incisions to insert a metal or plastic wire into the vein and pulling out the vein after attaching it to the wire.

Vein Strippers Market: Drivers and Restraints

The growing incidence and screening of varicose veins around the world driven by the increasing income, .awareness is the key drivers of the vein strippers market. According to the Society for Vascular Surgery, about 30–40% of population worldwide suffers from varicose veins.

Growing aging population, smoking, venous hypertension chronic constipation and in people serving in occupations necessitating long periods of standing are the other driving factors of the vein strippers market. High efficacy rates and patient satisfaction are driving the vein strippers market. The growing miniaturization is leading to greater adoption owing to reduced surgery footprint and faster recovery.

There is a definite shift of the market in favor of polymer materials owing to lower friction and smaller size. However, the high tensile strength of metals particularly steel is an advantage. Thus a large number of products encompassing a coating of polymers such as propylene encasing the steel wire have been developed. The market is also favoring disposable products over the reusable ones owing to threat of infection.

The restraints of the the vein strippers market are thrombosis, pain, allergic reactions, post-operative bleeding, deep vein thrombosis, pulmonary embolism, nerve injury leading to weakness and infection. The development of alternative treatments such as laser therapy, thermal ablation that needs only local anesthesia, Endovenous chemoablation, Sclerotherapy, Phlebectomy and others is the most serious threat to the vein strippers market.

The high pressure on pricing owing to large market fragmentation and the high-volume & low-value nature of the market, which results in price being the most significant value proposition, is another challenge in the growth of the vein strippers market.

Research and development to bring newer materials with lower friction and microbial resisting materials in place of the traditional metal vein strippers is the key to market growth. Price is the most significant value proposition that creates incentives for improvements in distribution efficiency, especially in developing regions. Close collaboration with hospitals is crucial as they highly influence the buying decision. Shelf-positioning is an extremely important and often overlooked area, which needs to be taken into account while marketing.

Vein Strippers Market: Segmentation

Based on material of construction	Metal Polymer
Based on usage	Disposable Reusable
Based on size	9mm 12mm 15mm
Based on end users	Hospitals Clinics Ambulatory Surgical Centers

Vein Strippers Market: Regional Outlook

Geographically, the global vein strippers market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East & Africa, and Asia Pacific excluding Japan. Asia Pacific led by China and India is expected to account a large share of the global vein strippers market owing to growth in the income, development of healthcare, and the huge size of the market.

The North America and Europe vein strippers markets are expected to generate sluggish growth owing to saturation. These markets are expected to be led by the U.S., Germany, France, Italy, Spain, Portugal and the UK.

The Middle East and Africa vein strippers market is expected to be driven by the gulf economies of Saudi Arabia, Kuwait, and Qatar. However, the poor per capita income of African countries is likely to hamper the vein strippers market growth.

Vein Strippers Market: Key Participants

Examples of some of the key players in the global vein strippers market are Seda S.p.A., B. Braun Melsungen AG, Accura, Sklar Surgical Instruments, Novo Surgical Inc., isomed, Becton, and Dickinson and Company, among others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
• Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
• Asia Pacific Excluding Japan (China, India, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, Rest Of MEA)

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint.

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