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Vein Illuminator Market (Technology - Near Infrared Illumination, Trans Illuminaton, and Others; Application - Blood Draw, Intravenous Acess, and Others; End Users - Academic Institutions, Hospitals, Blood Banks, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : April, 2022

  • Rep Id : HC0157

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on the vein illuminator market provides in-depth analysis of segments and sub-segments in the global as well as regional vein illuminator market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional vein illuminator market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global vein illuminator market. According to the report, the global vein illuminator market is projected to grow at a CAGR of 30.27% over the forecast period of 2021-2027. The vein illuminator market grew from nearly USD 148 million in 2021 to about USD 726 million in 2027.

 

Market Insight

A vein viewer or vein illuminator aids in locating the intravenous access during the paramedical procedures and so, addresses accidental needle stick injuries. The device displays a real-time image of the vasculature on the surface of the skin. The vein illuminator is a handheld device, which on holing above the skin of the patient generates the image. Many a time it is a challenging task to find the vein because of certain individual physical characteristics of the patient such as accumulation of fat, skin color, age, and others. This further can create a more hurtful situation for the patient. The vein illuminator helps locate and puncture the vein during venepuncture. this also helps in reducing the anxiety of the patient during venepuncture. The vein illuminator is heavily used by pediatricians because it helps easy drawing blood from the kids, hurting them less from the pricking of the needles.

 

Increasing healthcare expenditure and inclination of the doctors, the nurses, and the other medical professionals toward the adoption of technologically advanced devices in their practice fuels the growth of the market. The vein illuminator market is driven by the factors such as the increase in the number of chronically unhealthy populations and increasing healthcare expenditure. Also, increased demand for painless intravenous access is also predicted to drive the market development. In the medical sector, there's a rise in hygiene regulations which is also increasing the demand for the vein illuminator market. These standards require the use of these products for the insertion of catheters and syringes. Illumination technology eases the work of clinicians by developing a main vein road map.

 

The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and the Rest of the World. The vein illuminator market is dominated by North America because of its prevalence of advanced and improved technology in the healthcare department. Europe holds the second largest market of vein illuminators due to the presence of a large unfit population. While Asia-Pacific is predicted to grow at a high pace in the forecasted period. Moreover, the global players in the market are also entering into a distribution agreement to expand the reach of vein illuminators in the APAC region.


Vein Illuminator Market

 

Segment Covered

The report on the global vein illuminator market covers segments such as technology, application, and end users. On the basis of technology, the sub-markets include near infrared illumination, trans illuminaton, and others. On the basis of application, the sub-markets include blood draw, intravenous acess, and others. On the basis of end users, the sub-markets include academic institutions, hospitals, blood banks, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Accuvein Inc., Translite, LLC, Christie Medical Holdings, Infrared Imaging Systems, Inc., Venoscope, LLC, Vuetek Scientific LLC, ZD Medical Inc., Cambridge Medical (Asia) Private Ltd., Near Infrared Imaging Inc., and Sharn Anesthesia.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the vein illuminator market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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