Vein Illuminator Market Research Report: Information by Technology (Transillumination, Near Infrared Illumination and Ultrasound Technologies), Application (Intravenous Access, Blood Draw and others), End-User (Hospitals, Rehabilitation Facilities, Academic Institutions and others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2030

Vein Illuminator Market Scenario

The vein illuminator market is expected to reach USD 214.56 Million by 2030 at 30.1% CAGR during the forecast period 2022-2030.

Vein finder or vein illuminator is a device intended to locate subcutaneous veins using a variety of techniques such as infrared light. Vein illuminators use principles of optical physics such as differential light reflection, refraction, and absorption by tissues to produces a distinct image of the patient’s vein structure. Vein illuminator provides a vivid vein map, which helps increase success rates of invasive treatments, including injections.

The vein illuminator market is driven by factors such as growing numbers of the elderly and chronic sick population and increasing healthcare expenditure. Additionally, the increasing usage of vein illuminator in healthcare settings is anticipated to fuel market growth. For instance, according to the Office for National Statistics in 2017, approximately 18% and 2.4% of the total population in the UK was aged over 65 years and 85 years, respectively. On the other hand, the availability of traditional methods is projected to hamper the growth of the market during the assessment period.

Moreover, major companies in the market are involved in strategic acquisitions, collaborations, and mergers to sustain their position in the market.

Segmentation

The Vein Illuminator Market has been segmented based on technology, application, end-user, and region.

The vein illuminator market, based on technology, has been segmented into transillumination, near-infrared illumination, and ultrasound technologies. The transillumination segment is expected to hold a major share in the market due to the rising adoption of these types of devices.

The vein illuminator market, based on application, has been segmented into intravenous access, blood draw, and others.

The vein illuminator market, based on end-user, has been bifurcated into hospitals, rehabilitation facilities, academic institutions, and others.

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The vein illuminator market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European vein illuminator market has been sub-divided into Western Europe and Eastern Europe. Western Europe has further been classified into Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The vein illuminator market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The vein illuminator market in the Middle East & Africa has been divided into the Middle East and Africa.

Key Players

The Key Players operating in the Vein Illuminator Market are Near Infrared Imaging Inc, Translite LLC, Accuvein Inc., Sharn Anesthesia, Christie Medical Holdings, Inc., Infrared Imaging Systems, Inc., Vuetek Scientific LLC, Venoscope, LLC, ZD Medical Inc, and Cambridge Medical Group.

Regional Market Summary

Global Vein Illuminator Market Share, by Region, 2018 (%)  

Source: World Health Organization (WHO)

The vein illuminator market in the Americas is expected to dominate the vein illuminator market due to the rising geriatric population and the presence of major established players in the region. Moreover, developed healthcare infrastructure in the US is expected to drive the market growth.

The vein illuminator market in Europe showed a considerable amount of growth. This can be attributed to the presence of a well-established healthcare system, an increase in chronic diseases, and the involvement of key companies.

The vein illuminator market in Asia-Pacific is projected to have a steady growth rate during the forecast period owing to the increasing pool of chronic patient population and increasing government initiatives for healthcare reforms.

The vein illuminator market in the Middle East & Africa is projected to account for the least share of the market due to the low per capita disposable income in the region.

Vein Illuminator Market, by Technology

• Transillumination


• Near-Infrared Illumination


• Ultrasound Technologies

Vein Illuminator Market, by Application

• Intravenous Access


• Blood Draw


• Others

Vein Illuminator Market, by End User

• Hospitals


• Rehabilitation Facilities


• Academic Institutions


• Others

Vein Illuminator Market, by Region

• 
  Americas
  
  
  
  • North America
  
  
  • US
  
  
  • Canada
  
  
  • Latin America
  
  
  
  

• 
  Europe
  
  
  
  • 
    Western Europe
    
    
    
    • Germany
    
    
    • France
    
    
    • Italy
    
    
    • Spain
    
    
    • UK
    
    
    • Rest of Western Europe
    
    
    
    
  
  
  • Eastern Europe
  
  
  
  

• 
  Asia-Pacific
  
  
  
  • Japan
  
  
  • China
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  

• 
  Middle East & Africa
  
  
  
  • Middle East
  
  
  • Africa
  
  
  
  

Intended Audience

• Research and development (R&D) companies


• Vein illuminator manufacturing companies


• Government research institutes


• Academic institutes and universities


• Venture capitalists