Vendors strategies in the global endovenous ablation devices market.

The global endovenous ablation devices market is expected to grow at a CAGR of 3.94% during the forecast period. Major vendors in the global endovenous ablation devices market include AngioDynamics Inc., Medtronic Plc, Sciton Inc., Teleflex Inc., and Venclose Inc., among others.

The vendors are adopting strategies such as collaboration with other companies, M&A, and initiatives to strengthen their market position. For instance, in January 2019, Venclose, focused on innovative treatment procedures for venous reflux disease, announced that it had a partnership with Viant, and ISO-certified medical device contract manufacturer, to manufacture Venclose’s next-generation VENCLOSE RF Ablation Catheter. In December 2018, Merit Medical Systems Inc. announced that it acquired substantially all the assets of Vascular Insights LLC, including ClariVein IC and ClariVein OC specialty infusion and occlusion catheter systems.

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In February 2017, Teleflex Inc. completed its previously announced acquisition of Vascular Solutions, the company focuses on developing clinical solutions for minimally invasive coronary and peripheral vascular procedures. Vendors are also offering different leasing arrangements that can especially benefit smaller practices. They are also focusing on increasing their market presence via online marketing activities to increase product sales, thereby driving the growth of the global endovenous ablation devices market during the forecast period.