Varicocele Treatment Market will Witness a Robust Growth through 2023

The global varicocele treatment market has been evaluated as a moderately growing market and it is expected to continue growing in the near future. Varicocele is an enlargement of the veins within the scrotum, the scrotum is a skin-covered loose bag that holds testicles. An increasing number of varicocele, availability of effective treatments, and increasing awareness are leading the growth for the market.

The market for varicocele treatment was around USD 405.3 million in 2016 and is expected to reach USD 617.5 million by 2023 which is a projected CAGR of 6.2%.

Regional Analysis:

Considering the global scenario of the varicocele treatment market, there are four main regions- America, Europe, Asia Pacific, and Middle East & Africa. The Americas are holding the largest market share. The Americas mainly include North America and Latin America. North America is the largest and top revenue generator market for varicocele treatment. Europe is the second-largest market. Germany, UK, and France are the major markets while the Eastern European varicocele treatment market is also growing. Asia Pacific varicocele treatment is also growing significantly

Some major factors like increasing awareness of the disease, developing healthcare sector, and rising healthcare expenditure are driving the growth for Asia Pacific varicocele treatment market. The Middle East & Africa varicocele treatment market is expected to have limited growth mainly due to lack of knowledge of the disorder, and limited access to healthcare facilities. Due to developed healthcare infrastructure and high expenditure on healthcare, Middle East is dominating region as compared to Africa.

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Segmentation:

The global Varicocele treatment market has been segmented on the basis of grade which comprise grade I, grade II, grade III, and others.

On the basis of diagnosis it is segmented into physical exam, imaging test, and others. Imaging test further sub-segmented into thermography, scrotal ultrasound, and others

On the basis of treatments, the market has been segmented into varicocele repair, varicocele embolization, medication, and others. Varicocele repair is sub-segmented into open surgery, laparoscopic surgery, percutaneous embolization, and others. Medication is sub-segmented into painkillers, and others. Painkillers includes acetaminophen, ibuprofen, and others.

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Major players in Varicocele treatment market:

There are plenty of large and small market players which operate in this market: Bayer (Germany), Depomed, Inc. (US), GlaxoSmithKline plc. (UK), INSYS THERAPEUTICS, INC. (US), Janssen Global Services, LLC (Belgium) Mylan N.V. (US), Novartis AG (Switzerland), PurduePharma (US), Pfizer Inc. (US), and others.

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