REPORT HIGHLIGHT
The global Vein Illuminator market was valued at USD 126.8 billion by 2019, growing with 25.7% CAGR during the forecast period, 2021-2027.
A vein illuminator, a handheld device, allows healthcare professionals to find a superficial vein for venipuncture. The device is majorly adopted for aged people and infants since it's hard to find their veins. The use of a vein illuminator eliminates the chances of accident needle stick injuries or cuts, which might occur while locating the veins. The device makes use of proprietary vein visualization technology that shines an infrared light on the patients' skin. The hemoglobin, present in the blood, absorbs the light and creates a red pattern that is visible on the surface of the skin. The high success rate of the device with minimal needle stick accidents are furling the demand for vein illuminator in the global market.
The vein illuminator market is recorded to have a double-digit growth rate and is estimated to have the same growth during the upcoming years. The high success rate of blood draw in the first attempt, enhanced patient satisfaction and comfort, and the elimination of the pain caused by the multiple needle stick punctures are the prime factors responsible for boosting the global vein illuminator market growth. Also, the emerging venipuncture process, the occurrence of venous leg ulcers, and the rising awareness about such healthcare technologies especially amongst elderly people are favoring the demand for this device. Based on the 'World Population Ageing 2020 Highlights', a study published by the Population Division of the United Nations Department of Economic and Social Affairs (UN DESA), stated the total count of people aging above 65 years was estimated to be 727 million in 2020.
On the other hand, the low adoption rate of vein illuminator in developing countries with a high frequency of vein detection via traditional approaches is likely to restrict global business growth. Besides, the factors such as the budding biometric banking applications along with the implementation of advanced technology in the healthcare sector serve to be the profit-making growth opportunities, resulting in expanding the vein illuminator market shares globally. But, the high cost tagged with the device still serves to be the challenging factor, retarding the industrial growth.
Based on technology, infrared illumination acknowledges being the fastest growing segment, accounting for its ability to penetrate deep into the tissues, resulting in better and accurate visualization of the vein. In addition, the ease of use with its cost-effectiveness is also responsible for employing the device in emergencies, which in turn, is favorable for enhancing the vein illuminator market size across the globe. The application segment is lead by the inter, owing to the robust application of vein illuminator in IV fluid administration, IV chemotherapy administration along with the technological advancements witnessed in IV cannulation.
Alongside, based on end-use insights, the business is governed majorly by the hospital segment. Factors such as extensive application of the device in hospitals focus on delivering advanced healthcare facilities, and the target to diminish hospital-acquired and other such infection, including HBV, HCV, and HIV, occur due to wrongly used syringes are acknowledging the segmental growth. According to the WHO, 38.0 million people living with HIV in 2019, which is the result of accidental needle stick injuries.
Region-wise, North America dominates the market growth, in terms of revenue as well as growth rate, followed by Europe and the Asia Pacific regions. The North American vein illuminator market share accounts for the robust demand for advanced medical devices coupled with the presence of prominent market players within this region. The market growth in Europe is acknowledged owing to the research and development activities with the growing count of vein illuminator product approvals. Factors accounting for the growing healthcare expenditure, adoption of advanced healthcare devices, and the untapped market potential aid the business growth in the Asia Pacific.
Key features of the study:
This proposed research study on the vein illuminator market provides market size (US$ million), compound annual growth rate (CAGR %), and forecast estimation (2020-2027), considering 2019 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains an attractive investment proposition matrix for the vein illuminator market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the vein illuminator market
The impact of COVID-19 on vein illuminator market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on the vein illuminator market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the vein illuminator market, we have also included a competitive landscape and key innovator analysis for the vein illuminator market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate, and end-user's attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the vein illuminator market.
In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new product launches, research & development, regional expansion of major participants involved in the vein illuminator market on a global as well as regional level.
The global vein illuminator market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL VEIN ILLUMINATOR MARKET KEY PLAYERS
Accuvein, Inc.
Christie Medical Holdings, Inc.
InfraRed Imaging Systems, Inc.
Venoscope, LLC
TransLite LLC
VueTek Scientific, LLC.
ZD Medical, Inc.
Cambridge Medical (Asia) Private Limited
BK Ultrasound
Near Infrared Imaging, Inc.
GLOBAL VEIN ILLUMINATOR MARKET, BY TECHNOLOGY
Transillumination
Infrared
Ultrasound
GLOBAL VEIN ILLUMINATOR MARKET, BY APPLICATION
Intravenous Access
Blood Draw
Others
GLOBAL VEIN ILLUMINATOR MARKET, BY END-USE
Hospitals
Blood Donation Camps
Academic Institutions
Others
GLOBAL VEIN ILLUMINATOR MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Singapore
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Rest of MEA
TABLE OF CONTENT
1. Vein Illuminator Market Overview
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Market Snippet by Technology
- 2.1.2. Market Snippet by Application
- 2.1.3. Market Snippet by End-Use
- 2.1.4. Market Snippet by Region
- 2.2. Competitive Insights
3. Vein Illuminator Key Market Trends
- 3.1. Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Future Trends
4. Vein Illuminator Industry Study
- 4.1. Porter's Five Forces Analysis
- 4.2. Marketing Strategy Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Vein Illuminator Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Vein Illuminator Market Landscape
- 6.1. Market Share Analysis, 2019
- 6.2. Key Innovators Analysis
- 6.3. Breakdown Data, by Key Manufacturer
- 6.3.1. Established Players' Analysis
- 6.3.2. Emerging Players' Analysis
7. Vein Illuminator Market - By Technology
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Technology, 2020 & 2027 (%)
- 7.2. Transillumination
- 7.3. Infrared
- 7.4. Ultrasound
8. Vein Illuminator Market - By Application
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Application, 2020 & 2027 (%)
- 8.2. Intravenous Access
- 8.3. Blood Draw
- 8.4. Others
9. Vein Illuminator Market - By End-Use
- 9.1. Overview
- 9.1.1. Segment Share Analysis, By End-Use, 2020 & 2027 (%)
- 9.2. Hospitals
- 9.3. Blood Donation Camps
- 9.4. Academic Institutions
- 9.5. Others
10. Vein Illuminator Market- By Geography
- 10.1. Introduction
- 10.1.1. Segment Share Analysis, By Geography, 2020 & 2027 (%)
- 10.2. North America
- 10.2.1. Overview
- 10.2.2. Key Manufacturers in North America
- 10.2.3. North America Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 10.2.4. North America Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.2.5. North America Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.2.6. North America Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.2.7. U.S.
- 10.2.7.1. Overview
- 10.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.2.7.3. U.S. Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.2.7.4. U.S. Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.2.7.5. U.S. Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.2.8. Canada
- 10.2.8.1. Overview
- 10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.1.1. Canada Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 1.1.1.2. Canada Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 1.1.1.3. Canada Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.3. Europe
- 10.3.1. Overview
- 10.3.2. Key Manufacturers in Europe
- 10.3.3. Europe Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 10.3.4. Europe Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.3.5. Europe Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.3.6. Europe Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.3.7. Germany
- 10.3.7.1. Overview
- 10.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.3.7.3. Germany Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.3.7.4. Germany Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.3.7.5. Germany Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.3.8. Italy
- 10.3.8.1. Overview
- 10.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.3.8.3. Italy Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.3.8.4. Italy Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.3.8.5. Italy Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.3.9. United Kingdom
- 10.3.9.1. Overview
- 10.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.3.9.3. United Kingdom Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.3.9.4. United Kingdom Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.3.9.5. United Kingdom Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.3.10. France
- 10.3.10.1. Overview
- 10.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.3.10.3. France Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.3.10.4. France Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.3.10.5. France Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.3.11. Rest of Europe
- 10.3.11.1. Overview
- 10.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.3.11.3. Rest of the Europe Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.3.11.4. Rest of the Europe Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.3.11.5. Rest of the Europe Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.4. Asia Pacific (APAC)
- 10.4.1. Overview
- 10.4.2. Key Manufacturers in Asia Pacific
- 10.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 10.4.4. Asia Pacific Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.4.5. Asia Pacific Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.4.6. Asia Pacific Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.4.7. India
- 10.4.7.1. Overview
- 10.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.4.7.3. India Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.4.7.4. India Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.4.7.5. India Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.4.8. China
- 10.4.8.1. Overview
- 10.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.4.8.3. China Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.4.8.4. China Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.4.8.5. China Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.4.9. Japan
- 10.4.9.1. Overview
- 10.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.4.9.3. Japan Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.4.9.4. Japan Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.4.9.5. Japan Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.4.10. South Korea
- 10.4.10.1. Overview
- 10.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.4.10.3. South Korea Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.4.10.4. South Korea Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.4.10.5. South Korea Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.4.11. Rest of APAC
- 10.4.11.1. Overview
- 10.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.4.11.3. Rest of APAC Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.4.11.4. Rest of APAC Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.4.11.5. Rest of APAC Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.5. Latin America
- 10.5.1. Overview
- 10.5.2. Key Manufacturers in Latin America
- 10.5.3. Latin America Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 10.5.4. Latin America Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.5.5. Latin America Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.5.6. Latin America Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.5.7. Brazil
- 10.5.7.1. Overview
- 10.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.5.7.3. Brazil Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.5.7.4. Brazil Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.5.7.5. Brazil Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.5.8. Mexico
- 10.5.8.1. Overview
- 10.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.5.8.3. Mexico Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.5.8.4. Mexico Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.5.8.5. Mexico Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.5.9. Argentina
- 10.5.9.1. Overview
- 10.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.5.9.3. Argentina Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.5.9.4. Argentina Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.5.9.5. Argentina Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.5.10. Rest of LATAM
- 10.5.10.1. Overview
- 10.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.5.10.3. Rest of LATAM Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.5.10.4. Rest of LATAM Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.5.10.5. Rest of LATAM Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.6. Middle East and Africa
- 10.6.1. Overview
- 10.6.2. Key Manufacturers in Middle East and Africa
- 10.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 10.6.4. Middle East and Africa Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.6.5. Middle East and Africa Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.6.6. Middle East and Africa Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.6.7. Saudi Arabia
- 10.6.7.1. Overview
- 10.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.6.7.3. Saudi Arabia Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.6.7.4. Saudi Arabia Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.6.7.5. Saudi Arabia Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
- 10.6.8. United Arab Emirates
- 10.6.8.1. Overview
- 10.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.6.8.3. United Arab Emirates Market Size and Forecast, By Technology, 2016 - 2027 (US$ Million)
- 10.6.8.4. United Arab Emirates Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 10.6.8.5. United Arab Emirates Market Size and Forecast, By End-Use, 2016 - 2027 (US$ Million)
11. Key Vendor Analysis
- 11.1. Competitive Dashboard
- 11.2. Company Profiles
- 11.2.1. Accuvein, Inc.
- 11.2.2. Christie Medical Holdings, Inc.
- 11.2.3. InfraRed Imaging Systems, Inc.
- 11.2.4. Venoscope, LLC
- 11.2.5. TransLite LLC
- 11.2.6. VueTek Scientific, LLC.
- 11.2.7. ZD Medical, Inc.
- 11.2.8. Cambridge Medical (Asia) Private Limited
- 11.2.9. BK Ultrasound
- 11.2.10. Near Infrared Imaging, Inc.
12. 360 Degree AnalystView
13. Appendix
- 13.1. Research Methodology
- 13.2. References
- 13.3. Abbreviations
- 13.4. Disclaimer
- 13.5. Contact Us
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