Vein Illuminator Market Outlook 2031
The global vein illuminator market size was at USD 210.06 Million in 2022 and is to reach USD 2.32 Billion by 2031, expanding at a CAGR of 30.6% during, 2023-2031.
Vein illuminator uses near-infrared imaging technology to find veins. This helps to accurately visualize the veins under the skin. The haemoglobin within the blood absorbs the infrared light and create different patterns that can be seen by naked eyes. A vein illuminator supports tracking down the intravenous access during paramedical surgeries and subsequently addresses coincidental needle stick wounds.
Finding vein can be a tedious task due to the specific external morphology of the patient such as greasy tissue, skin tone, and age. To ease such circumstances, numerous devices have been designed to help paramedical work force for discovering the veins progressively and decide the best place to administer the needle.
To produce a digital image through an infrared discovery and light projection innovation, a vein illuminator makes it conceivable to find veins. Moreover, it diminishes pain and uneasiness and creates a minimally obtrusive experience for the patient.
Vein Illuminator Market Trends, Drivers, Restraints, and Opportunities
- Rising demand for needle-less procedures is expected to spur the market growth during the forecast period.
- According to a report by the National Health Service(NHS) of Scotland, 80% of the occupational needle stick wounds could have been kept away with the use of a vein illuminators. Thus, such awareness is anticipated to stimulate the market expansion.
- Obesity makes it difficult to conduct venepuncture-based procedures as muscle to fat ratio makes it hard to recognize the veins. This, in turn, is expected to create challenges for the market growth in the projected timeline.
- Increasing healthcare infrastructure investment during COVID-19 and technological advancements can create lucrative opportunities for market players during the forecast period.
Scope of Vein Illuminator Market Report
The report on the global vein illuminator market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Vein Illuminator Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Applications (IV Access, Venipuncture Assistance, Sclerotherapy, Others), and End-users (Blood Camps, Hospitals, Rehabilitation, Parademic Applications, Academic Institution, and Others )
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Venoscope LLC; AAccuVein Inc; Sharn Anesthesia; VueTek Scientific LLC; and Christie Medical Holdings Inc.
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Vein Illuminator Market Segment Insights
Applications Segment Analysis
Based on applications, the vein illuminator market is divided into IV access, venipuncture assistance, sclerotherapy, and others. The venipuncture assistance segment is expected to grow at a robust pace during the forecast period owing to increasing hygiene regulations in the medical field. Such rules mandate the use of these products for the insertion of syringes and catheters.
End-users Segment Analysis
On the basis of end-users, the market is segregated into blood camps, hospitals rehabilitation, parademic applications, academic institutions, and others. The blood camps segment is projected to expand at a healthy CAGR during the forecast period. Rising number of blood camps across the globe is driving the segment growth. For instance, American Red Cross society is inviting people worldwide for blood donations.
Regional Outlook
In terms of regions, the global vein illuminator market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period. The early adoption of latest technologies and the well-developed hospital infrastructure in countries such as Canada and the US is propelling the regional market growth.
Moreover, expanding adoption of intravenous (IV) treatment and advancements that coordinate into the interaction for the assessment, intervention, planning, and assessment of embedding PIV catheters are some of the key drivers of the market growth in North America.
Europe accounted for a major market share in 2020 owing to recent advancements and increasing uptake of the innovation in countries such as Italy, Germany, and France. Additionally, the presence of a colossal patient population and rising medical services facilitates the provincial market growth in the region. Furthermore, increasing government support and rising research and advancement activities are driving the market development in Europe.
Segments
The global vein illuminator market has been segmented on the basis of
Applications
- IV Access
- Venipuncture Assistance
- Sclerotherapy
- Others
End-users
- Blood Camps
- Hospitals
- Rehabilitation
- Parademic Applications
- Academic Institutions
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global vein illuminator market are Venoscope LLC; AAccuVein Inc; Sharn Anesthesia; VueTek Scientific LLC; Christie Medical Holdings Inc. Some of these key players are investing in technological advancements and expanding their product offerings to enhance their market share.
