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.
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.
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.
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.
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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