Vein Illumination Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Vein Illumination Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A4248
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Market Overview:

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.

Vein illumination devices are medical instruments used for locating and accessing hard-to-find veins for venipuncture and drawing blood. The devices use near-infrared (NIR), transillumination and ultrasound imaging technologies for generating real-time visual images depicting the location of the veins on the skin surface. The hemoglobin present in the blood absorbs the rays and the rays reflected are detected by the sensors to determine the pattern and location of the veins. These devices are available in tabletop and handheld variants. They are usually portable, convenient to use and can aid in reducing the need for multiple needle sticks and risks for injuries and cuts in elderly and pediatric patients. As a result, these devices are widely used across hospitals, rehabilitation centers, blood donation camps and pathology laboratories. 

Vein Illumination Devices Market Trends:

Significant growth in the medical industry, along with the increasing prevalence of chronic ailments among the masses, is one of the key factors creating a positive outlook for the market. Moreover, the rising geriatric population and the adoption of peripherally inserted central catheter (PICC) procedures in hospitals and other healthcare centers are providing a thrust to the market growth. Vein illumination devices are widely used in sclerotherapy for treating varicose and spider veins. In line with this, the increasing preference for non-invasive procedures among both healthcare providers and patients is also contributing to the market growth. Additionally, various advancements, such as the development of vein pattern locating technology for cannulation and peripheral subcutaneous vein selection, are favoring the market growth. Other factors, including extensive improvements in the healthcare infrastructure, along with the implementation of favorable government policies promoting blood donation and public health, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global vein illumination devices market report, along with forecasts at the global, regional and country level from 2022-2027. Our 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
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AccuVein Inc., Aimvein.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 and ZD Medical Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Technology, Product Type, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AccuVein Inc., Aimvein.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 and ZD Medical Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global vein illumination devices market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global vein illumination devices market?
  • What are the key regional markets?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global vein illumination devices market and who are the key players?
  • What is the degree of competition in the industry?

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Vein Illumination Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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