Vein Illumination Devices Market
Vein illumination devices refer to medical instruments that are used to locate and access hard-to-find veins for drawing blood and venipuncture. They primarily utilize transillumination, near-infrared (NIR), and ultrasound imaging technologies to generate real-time images depicting the pattern and location of the veins on the skin surface. These devices are usually portable and easy to use, reduce the need for multiple needle sticks, lower risks of cuts and injuries in elderly and pediatric patients, etc.
The global vein illumination devices market size reached US$ 69.7 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 350.7 Million by 2027, exhibiting a growth rate (CAGR) of 31.1% during 2022-2027.
As a result, vein illumination devices are extensively utilized across numerous hospitals, blood donation camps, rehabilitation centers, pathology laboratories, etc.
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Vein Illumination Devices Market Trends:
The expanding healthcare sector, coupled with the increasing prevalence of chronic diseases, is primarily driving the market for vein illumination devices. Moreover, the rising geriatric population and the escalating adoption of peripherally inserted central catheter (PICC) procedures across healthcare facilities are also acting as other major growth-inducing factors.
Vein illumination devices are further gaining traction in sclerotherapy for treating varicose and spider veins. In line with this, shifting preferences among patients and healthcare providers towards non-invasive procedures are also catalyzing the product demand. Besides this, continuous advancements, such as the development of vein pattern locating technology for cannulation and peripheral subcutaneous vein selection, will continue to further propel the vein illumination devices market over the forecasted period.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- AccuVein Inc.
- com
- BLZ Technology (Wuhan) Co. Ltd.
- Christie Medical Holdings Inc. (CAREstream Medical Ltd.)
- Ibis Medical Equipment & Systems Pvt Ltd
- Illumivein
- Near Infrared Imaging Inc.
- Sharn Anesthesia
- TransLite LLC
- Venoscope LLC
- ZD Medical Inc.
Key Market Segmentation:
The report has categorized the market based on technology, product type, application and end user.
Breakup by Technology:
- Transillumination
- Near Infrared Illumination
- Ultrasound Technologies
Breakup by Product Type:
- Table-top Devices
- Hand-held Devices
Breakup by Application:
- Intravenous Access
- Blood Draw
- Venipuncture Assistance
- IV Access
- Sclerotherapy
- Others
Breakup by End User:
- Hospitals and Clinics
- Rehabilitation Facilities
- Blood Donation Camps
- Academic Institutions
- Nursing Homes
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Arica, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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