Vein Illumination Devices Market is Anticipated to Hit $1.29Billion by 2023

According to the new market research report by IndustryARC titled “Vein Illumination Devices Market: By Technology (Hyper-spectral Sensor, IR Technology, Transillumination, Ultrasound, Infrared, Others); By Type (Portable, Bed-side); By End-User (Hospitals, Nursing Homes, Rehabilitation Centers, Blood Donation Camps, Surgery Centres, Emergency Care, Academic Institutions, Infusion Centres); By Region – Forecast - (2017-2022)”, the market is driven by the rise in venipuncture procedures across the globe.

Americas held the largest market share in the Vein Illustration Devices Market

The Americas region holds the largest market share in the Vein Illustration Devices Market and is anticipated to reach $643.8 million by 2023 at a CAGR of 12.2%. The rise in aging population and strong reimbursement scenario is propelling the growth in this region. The key end-users including Healthcare Centers/Hospitals/Clinics, Nursing Homes, Blood Donation Camps, Academic Institutions, Rehabilitation Centers, Infusion Centers, Surgery Centers, and Emergency Care among others.

Selected Opportunities and Impact Analysis done in the full report

• The growth of vein biometrics presents an opportunity for vein illuminator devices market. Multi factor identification is becoming increasingly common in manufacturing, construction and banking industries. This has led to the increased use of vein identification technology. For instance, Barclays Bank introduced personal biometric scanners with Hitachi's Finger Vein Authentication Technology (VeinID), which reads the sub-dermal patterns of the client's finger vasculature in order to combat identity fraud.

• As the world population over the age of 65 years grows rapidly, there will be an increased burden on governments to spend on healthcare and pensions. World’s aging population will account to one billion, which is 13% of total population by 2030. The elderly population, which is currently 7.9% of the total world population, is expected to show a steep growth of 12% by 2030, as majority will cross the age of 65 years. The rapidly aging population will be a major factor in adoption of vein illumination devices, as more and more elderly people will be in need of emergency care, medical diagnosis and nursing facilities.

• The growing obesity rates in the U.S and European regions have raised the health consciousness level. This has led to an increased number of medical testing and diagnosis. Vein illumination devices are particularly required for obese people as it is difficult to find the veins.

• Growing investment into healthcare in the APAC and Middle Eastern regions due to the growing healthcare tourism industry, has led to the increased spending and adoption of high priced vein illumination devices. With lowered prices, the adoption in emerging economies will rise in the future

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Excerpts on Market Growth Factors

• The demand for Vein Illumination Devices is going to witness substantial growth with the increase in venipuncture. Vein Illumination is of high importance while treating the geriatric population.

• The introduction of Affordable Healthcare Act has provided a boost to the industry. The reimbursement for hospitals and clinics will depend upon the patient safety and level of satisfaction.

• The biggest end user segment for the vein illumination devices market will be homecare/long-term care as the patient pool gradually switches to affordable home care.

• In terms of technology, infrared technology is going to be at the heart of things as it is able to provide clear and accurate representation. It’s essential for conducting safe medical treatment.

• Portable type held the largest share for Vein Illumination Devices Market by type.

• With price being a major factor, transillumination is slowly becoming the preferred alternative compared to infrared in the U.S. and European Markets.

• Companies have focused on improving spectral filtering capabilities of this technology in order to enhance the spectral resolution. This improved spectral resolution will drive the application in vein illumination.

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Key players of Vein Illumination Devices Market:

• AccuVein is the key player in Vein Illumination Devices market, followed by Christie Medical Holdings Inc; AccuVein has a strong product line of vein illumination devices, with its presence across 130 nations in North America.

• Other key players include Bard Access Systems Inc. and Veinlite LLC, etc.

• Companies like Sony Corp, Kyocera Corp were granted patents for Vein Illumination Devices. The two companies obtained 15 patents during the period.

Vein Illumination Devices Market Report is segmented as indicated below.

• Vein Illumination Devices Market By Device Technology:

  1. Hyper-spectral Sensor

  2. RDAV or Real Depth Accuracy Value

  3. IR Technology

  4. Df2 (digital full field) technology

  5. Magnification

• Vein Illumination Devices Market By Skin Tones

  1. Fair

  2. Light Brown

  3. Dark Brown

  4. Dark

• Vein Illumination Devices Market By Age of Patients

1. Neonates/Infants

2. Adults

   1. Youth

   2. Middle Age

3. Old Age

• Vein Illumination Devices Market By End User

  1. Healthcare Centers/Hospitals/Clinics

  2. Nursing Homes

  3. Blood Donation Camps

  4. Academic Institutions

  5. Rehabilitation Centres

  6. Infusion Centres

  7. Surgery Centres

  8. Emergency Care

• Vein Illumination Devices Market By Application

1. IV Therapy/Access/ Sclerotherapy

2. IV Infiltrations

3. Haemophilia

4. Administrators

5. Home care/ Long Term Care Users

6. Neonatal application

7. Cosmetic Procedures

8. Vein Imaging

9. Blood Draw

10. Vascular Procedures

11. Others

• Vein Illumination Devices Market By Geography (Covers 16+ Countries)

• Vein Illumination Devices Market By Entropy

Companies Cited/Referenced/Interviewed:

1. Fujifilm Corporation

2. Qingdao Bright Medical Manufacturing Co; Ltd

3. Venoscope Transilluminator

4. GE Healthcare

5. Sharn Anesthesia

6. ZD Medical Inc;

7. Infrared Imaging Systems Inc;

8. Translite LLC

9. Company 9

10. Company 10+

Related Reports

1. Infusion Therapy Devices Market

https://industryarc.com/Report/96/global-infusion-therapy-devices-infusion-pumps-market.html

2. Injectable Drug Delivery Market

https://industryarc.com/Report/1255/injectable-drug-delivery-market-analysis.html

What can you expect from the report?

The Vein Illumination Devices Market Report is Prepared with the Main Agenda to Cover the following 20 points:

1. Market Size by Product Categories

2. Market trends

3. Manufacturer Landscape

4. Distributor Landscape

5. Pricing Analysis

6. Top 10 End user Analysis

7. Product Benchmarking

8. Product Developments

9. Mergers & Acquisition Analysis

10. Patent Analysis

11. Demand Analysis (By Revenue & Volume)

12. Country level Analysis (15+)

13. Competitor Analysis

14. Market Shares Analysis

15. Value Chain Analysis

16. Supply Chain Analysis

17. Strategic Analysis

18. Current & Future Market Landscape Analysis

19. Opportunity Analysis

20. Revenue and Volume Analysis

FAQ:

Does IndustryARC publish country, geography or application based reports in Vein Illumination Devices Market?

Yes, we do have separate reports as mentioned below:

1. Americas Market for Vein Illumination Devices (2018-2023)

2. Europe Market for Vein Illumination Devices (2018-2023)

3. APAC Market for Vein Illumination Devices (2018-2023)

4. RoW Market for Vein Illumination Devices (2018-2023)

5. Hyper-spectral Sensor Market for Vein Illumination Devices (2018-2023)

6. RDAV or Real Depth Accuracy Value Market for Vein Illumination Devices (2018-2023)
7. IR Technology Market for Vein Illumination Devices (2018-2023)
8. Df2 (digital full field) technology Market for Vein Illumination Devices (2018-2023)
9. Magnification Market for Vein Illumination Devices (2018-2023)
10. Neonates/Infants Market for Vein Illumination Devices (2018-2023)
11. Old Age Market for Vein Illumination Devices (2018-2023)
12. Healthcare Centers Market for Vein Illumination Devices (2018-2023)
13. Hospitals Market for Vein Illumination Devices (2018 – 2023)
14. Clinics Market for Vein Illumination Devices (2018-2023)
15. Nursing Homes Market for Vein Illumination Devices (2018-2023)
16. Blood Donation Camps Market for Vein Illumination Devices (2018-2023)
17. Academic Institutions Market for Vein Illumination Devices (2018-2023)
18. Rehabilitation Market for Vein Illumination Devices (2018-2023)
19. Infusion Centres Market for Vein Illumination Devices (2018-2023)
20. Surgery Centres Market for Vein Illumination Devices (2018-2023)
21. Emergency Care Market for Vein Illumination Devices (2018-2023)
22. IV Therapy Market for Vein Illumination Devices (2018-2023)
23. Sclerotherapy Market for Vein Illumination Devices (2018-2023)
24. IV infiltrations Market for Vein Illumination Devices (2018-2023)
25. Hemophilia Market for Vein Illumination Devices (2018-2023)
26. Administrators Market for Vein Illumination Devices (2018-2023)
27. Long Term Care Users Market for Vein Illumination Devices (2018-2023)
28. Neonatal Application Market for Vein Illumination Devices (2018-2023)
29. Cosmetic Procedures Market for Vein Illumination Devices (2018-2023)
30. Vein Imaging Market for Vein Illumination Devices (2018-2023)
31. Blood Draw Market for Vein Illumination Devices (2018-2023)
32. Vascular Procedures for Vein Illumination Devices (2018-2023)

Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

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