China Sclerotherapy Market Size & Outlook, 2020-2027
China sclerotherapy market, 2016-2027 (US$M)
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China sclerotherapy market highlights
- The China sclerotherapy market generated a revenue of USD 48.3 million in 2020 and is expected to reach USD 85.8 million by 2027.
- The China market is expected to grow at a CAGR of 8.6% from 2021 to 2027.
- In terms of segment, detergents was the largest revenue generating agent in 2020.
- Detergents is the most lucrative agent segment registering the fastest growth during the forecast period.
Sclerotherapy market data book summary
| Market revenue in 2020 | USD 48.3 million |
| Market revenue in 2027 | USD 85.8 million |
| Growth rate | 8.6% (CAGR from 2020 to 2027) |
| Largest segment | Detergents |
| Fastest growing segment | Detergents |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Detergents, Chemical Irritants, Osmotic Agents |
| Key market players worldwide | B2Gold Corp, LGM Pharma, Troikaa Pharmaceuticals, Mylan, Perrigo Co PLC, Merz Pharma, Medi-Globe |
Other key industry trends
- In terms of revenue, China accounted for 5.3% of the global sclerotherapy market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China sclerotherapy market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 85.8 million by 2027.
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Sclerotherapy Market Scope
Sclerotherapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China sclerotherapy market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sclerotherapy market will help companies and investors design strategic landscapes.
Detergents was the largest segment with a revenue share of 41.82% in 2020. Horizon Databook has segmented the China sclerotherapy market based on detergents, chemical irritants, osmotic agents covering the revenue growth of each sub-segment from 2016 to 2027.
According to Chinese National Center for Disease Control and Prevention, the prevalence of obesity increased more than threefold across China, while the rate of abdominal obesity increased by more than 50%, and the country’s rapid economic boom & urban expansion are the major contributing factors.
This has resulted in increasing incidences of varicose veins and chronic venous insufficiency conditions in China. According to a report by the National Health Screening in China, approximately 100 million people suffer from varicosities and around 40% of those cases are affected with varicose veins of the lower limbs.
According to a survey carried out on 726 Chinese physicians from 527 hospitals in 29 provinces across China, published in Journal of Vascular Surgery, in February 2018, 63.8% of those physicians preferred traditional surgery for great saphenous vein reflux, followed by endovenous laser ablation (24.3%), radiofrequency ablation (5.6%), and ultrasound-guided foam sclerotherapy (3.1%).
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Target buyers of China sclerotherapy market databook
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Our clientele includes a mix of sclerotherapy market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China sclerotherapy market, including forecasts for subscribers. This country databook contains high-level insights into China sclerotherapy market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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China sclerotherapy market size, by agent, 2016-2027 (US$M)
China Sclerotherapy Market Share, 2020 & 2027 (US$M)
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