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US Market for Minimally Invasive Treatment of Varicose Veins to Rise to More than $215 Million by 2013
Date:3/31/2009

Endovenous Ablation to drive Varicose Vein Market into 2013, according to Millennium Research Group

WALTHAM, Mass., March 31 /PRNewswire/ -- According to Millennium Research Group's (MRG's) new US Markets for Varicose Vein Treatment Devices 2009 report, the US market for endovenous ablation devices will undergo significant growth through 2013 as the market rises to more than $200 million.

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 March 2008 and sold off its assets to AngioDynamics later that year.

"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 Stephanie LaBelle, Senior Analyst at MRG. "Although some competitors in the market are still selling their devices at a discount, there are still active lawsuits between VNUS and these companies. If additional competitors have to start paying royalties as well, it will limit their ability to compete against AngioDynamics and Vascular Solutions on price."

Because of these price increases, many physicians will take on more patients for varicose vein treatments in order to maximize device return-on-investmen
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SOURCE Millennium Research Group
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