The vein illuminator market size was valued at USD 0.05 Billion in 2022. The vein illuminator industry is projected to grow from USD 0.065 Billion in 2023 to USD 0.533 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 30.10% during the forecast period (2023 - 2032). The growing number of individuals suffering from chronic illnesses, increasing hygiene regulations in the medical field, and the growing propensity of nurses and doctors to adopt cutting-edge medical equipment for treatment are the key market drivers enhancing the market growth.
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for vein illuminators is driven by the rise in technological advancement for emergency portable, quick, and simple-to-use vein illuminators that can function in any illumination. The best ones include pressure sensors, as they are lightweight and simple to use, NIR devices, since they are portable and work in any lighting, and multispectral devices owing to the fact that the military version is portable and works in any lighting and has robust lenses to withstand harsh weather. Color vision glasses and LED technology, which both need adjustable lighting conditions, are less viable tools for emergency treatment. Each technology, including innovative robotics devices now under development, is appropriate for hospital use since lighting conditions can be controlled and mobility is not required in most departments. When these technologies are eventually made available, practitioners will be able to automate the detection and cannula insertion processes to prevent difficulties and get a more precise view and comprehension of the area of concern.
Additionally, the increasing incidence of vein diseases is expected to propel the growth of the vein illuminator market revenue. A vein disease is a common vascular disorder called vein disease that causes the veins to build up a lot of pressure affected by varicose veins. Blood vessel injury caused by trauma, chemotherapeutic agents, intravenous catheters or needles, pregnancy, infectious organisms, and varicose veins are associated with a higher threat of superficial thrombophlebitis and causes vein disease; vein illuminators are required for healthcare providers to increase the ability of diagonalization of the disease. For instance, in August 2022, as per the National Library of Medicine, a US-based biomedical library and the Center of biomedical informatics and computational biology, nearly $500 million was spent on caring for 150k patients suffering from chronic venous insufficiency yearly. Further, approximately 1% to 2.7% of patients with chronic venous insufficiency would develop a venous stasis ulcer. Each year, more than 20,000 new cases of venous ulcers are identified in patients. Therefore, the increasing incidence of vein diseases drives the vein illuminator market.
Moreover, rising healthcare costs are expected to drive revenue growth in the market. It is also expected that increasing the healthcare budgets of several Middle Eastern and Asian nations would contribute to the revenue growth of the market. The use of innovative healthcare goods to enhance patient comfort has significantly increased about rising competition.
Rise in hospitals and blood donation clinics across the globe. For instance, according to studies, for intravenous treatment, approximately 90% of hospitalized patients ought to need peripheral cannulation and more than one billion venipunctures are performed annually as a prerequisite for most diagnostic testing. Furthermore, a failed venipuncture might result in vein thrombosis, hemorrhage, or nerve damage to the Lateral Antebrachial Cutaneous Nerve (LACN), which can produce so-called 'causalgia' or Complex Regional Pain Syndrome (CRPS). In addition, this technology will make it possible for researchers in the fields of medical engineering and medicine to work together on investigations.
The vein illuminator market segmentation, based on technology, includes transillumination, near-infrared illumination, and ultrasound technologies. The near-infrared illumination segment dominated the market, accounting for 35% of market revenue (0.023 Billion). In developing economies, segment growth is driven by its potential to penetrate deeply buried tissues and make deep-seated blood vessels visible through infrared lighting technology. The venous blood absorbs infrared light, precisely projecting an image of the vein beneath. However, ultrasound technologies are the fastest-growing category owing to the rising need for minimally invasive diagnostic procedures and the rising majority of chronic diseases among people.
The vein illuminator market segmentation, based on application, includes intravenous access, blood draw, and others. The intravenous access category generated the most income (70.4%). Healthcare professionals use the intravenous cannulation technique for intravenous access, which involves the insertion of a cannula inside the patient’s vein. However, blood draw is the fastest-growing category owing to rising demand for minimally invasive surgical procedures like venipuncture and intravenous access.
The vein illuminator market segmentation, based on end-user, includes hospitals, rehabilitation centers, academic centers, and others. The hospital's category generated the most income owing to the high usage rate of vein illuminators in hospitals to diagnose and treat patients. However, rehabilitation centers are the fastest-growing category as they use illuminators for locating veins to provide critical medications for numerous medical conditions, including congestive heart failure, urinary tract infections, and sepsis.
Figure 1 Â Vein Illuminator Market by End-User, 2022 & 2032 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Vein Illuminator Regional Insights
By region, the study delivers market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American vein illuminator market will dominate owing to increased healthcare spending, increasing government initiatives, and expanding hospital acceptance of technologically sophisticated and innovative healthcare goods will boost the market growth in this region. Further, the US vein illuminator market held the largest market share, and the Canadian vein illuminator market was the fastest-growing market in the North American region.
Further, the prominent countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2 VEIN ILLUMINATOR MARKET SHARE BY REGION 2022 (USD Billion)
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe's vein illuminator market accounts for the second-largest market share due to the growing demand for technologically-enhanced medical devices in hospitals and ambulatory care centers will boost the market growth in this region. Further, the German vein illuminator market held the largest market share, and the UK vein illuminator market was the fastest-growing market in the European region.
The Asia-Pacific vein illuminator market is expected to grow at the fastest CAGR from 2023 to 2032. This is owing to increasing healthcare expenditure will boost the market growth in this region. Moreover, China’s vein illuminator market held the largest market share, and the Indian vein illuminator market was the fastest-growing market in the Asia-Pacific region.
Vein Illuminator Key Market Players & Competitive Insights
Leading market participants are supporting heavily research and development to develop their product lines, which will allow the vein illuminator market to increase even more. Market participants are also undertaking multiple strategic activities to expand their footprint ly, with significant market developments including contractual agreements, higher investments, new product launches, mergers and acquisitions, and collaboration with other organizations. To extend and survive in a more competitive and growing market climate, the vein illuminator industry must deliver cost-effective items.
Manufacturing locally to reduce operational prices is one of the key business tactics manufacturers usage in the  vein illuminator industry to benefit clients and increase the market sector. Major players in the vein illuminator market, including AccuVein Inc., TransLite LLC, Sharn Anesthesia, InfraRed Imaging Systems, Cambridge Medical, and others, are attempting to enance market demand by investing in research and development operations.
AccuVein, Inc. provides medical imaging solutions. The Company offers portable non-contact vein-finding devices, venipunctures, vein illumination solutions, vein viewing systems, wheeled hands, and powered hands-free solutions. AccuVein serves nurses, physicians, administrators, patients, and educators worldwide. In February 2021, AccuVein Inc. declared that the 2021 Infusion Therapy Standards of Practice declared by the Infusion Nurses Society recommend using its NIR vein visualization technology in venipuncture procedures, given its efficacy in decreasing patient injury and improving cost-effectiveness.
ZD Medical Inc. manufactures and markets medical equipment. The Company produces and sells optical coherence tomography scanners, emergency cutters, disinfection robots, and other products. ZD Medical markets its products primarily throughout China with limited overseas. In July 2020, ZD Medical Inc. upgraded its Vein Finder System- Vascular Positioning to provide more effective vein visualization solutions.
Key Companies in the Vein Illuminator market include
Vein Illuminator Industry Developments
April 2022 ImmunoTek Bio Centers, a US-based biotech company, launched VeinViewer® technology in its two divisions - ImmunoTek Plasma and Freedom Plasma. It provides a clear look at a donor's veins before the needle is inserted, which helps to withdraw blood that is then divided into separate parts during a process called plasmapheresis.
February 2022Â Â ID announced receiving a patent from the United States Patent and Trademark Office for its biometric 3D vein pattern recognition and identification method and device.
December 2021Â Philips, a Netherlands-based multinational conglomerate corporation, acquired Vesper Medical Inc. for an undisclosed amount. With this acquisition, Philips expands its image-guided therapy devices portfolio. Vesper Medical Inc. is a US-based company that manufactures vein illuminators.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.05 Billion |
| Market Size 2023 | USD 0.065 Billion |
| Market Size 2032 | USD 0.533 Billion |
| Compound Annual Growth Rate (CAGR) | 30.10% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Growth Factors, Market Competitive Landscape, and Trends |
| Segments Covered | Technology, Application, End-User and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | AccuVein Inc., TransLite LLC, Sharn Anesthesia, InfraRed Imaging Systems, Cambridge Medical, Christie Medical Holdings Inc., Venoscope LLC., VueTek Scientific, ZD Medical Inc., and Infrared Imaging Inc. |
| Key Market Opportunities | The increasing number of individuals suffering from chronic diseases. Rising hygiene regulations in the medical field. |
| Key Market Dynamics | The growing propensity of nurses and doctors to adopt cutting-edge medical equipment for treatment |
Vein illuminator Market Highlights:
Frequently Asked Questions (FAQ) :
The vein illuminator market size was valued at USD 0.05 Billion in 2022.
The vein illuminator market is projected to grow at a CAGR of 30.10% during the forecast period, 2023-2032.
North America had the most extensive share in the vein illuminator market
The key players in the market are AccuVein Inc., TransLite LLC, Sharn Anesthesia, InfraRed Imaging Systems, Cambridge Medical, Christie Medical Holdings Inc., Venoscope LLC., VueTek Scientific, ZD Medical Inc., and Infrared Imaging Inc.
The near-infrared illumination category dominated the market in 2022.
Intravenous access had the most considerable share in the vein illuminator market.
The hospitals had the most extensive share in the vein illuminator market.
Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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