Vein Illuminator Market Estimated to Experience a Hike in Growth By 2024

Vein illuminator is a device having visualizing technology which helps healthcare professionals to
locate a superficial vein for venipuncture. This is a hand held device which can be hold above the
skin of the patient. The device is able to display the vasculature on the surface of the skin. Thus
locating and puncturing the vein becomes easy without much discomfort to the patient during
venepuncture. The device is generally used for the geriatric patients as the skin is fragile and it
becomes difficult for doctors and nurses to locate a vein. Also the device is used for dark skinned
patients, obese patients, whose veins may not be visible or palpable, patients suffering from burn
injuries, agitated patients etc. thus it can be used for wide variety of patients to pricking unnecessary
needle sticks to the patient.
Vein illuminator market comprises of the devices used for vein translucency during venipuncture
procedure. The device is available as table top vein illuminators and hand held vein illuminator.
These devices have high adoption rate in hospitals and clinics and it comes under infrared and
ultrasound vein illuminator technology types.
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Vein illuminator market revenue is growing with a significant rate, this is attributed to increasing
usage of this device during majority of peripherally inserted central catheter (PICC) procedures in
hospitals. In addition to this, the device has its usage in sclerotherapy i.e. for treating varicose veins
and spider veins. Growing healthcare expenditure and increasing inclination of doctors and nurses
to adopt technologically advanced devices in their practice aids in the revenue growth of vein
illuminator market. Increasing number of new product launches also drives the market for vein
illuminator devices. However higher pricing of these devices along with lower awareness of vein
illumination technology is expected to hamper the growth of the vein illuminator market over the
forecast period.
Vein illuminator market revenue is expected to grow at a good growth rate, over the forecast period.
The market is anticipated to perform well in the near future due to increasing inclination of doctors
and nurses to use the device during venipuncture. Also the market is anticipated to grow with a
fastest CAGR over the forecast period, attributed to increasing usage of the device for the routine
procedures of puncturing the vein in laboratories and blood donation centers. Increasing investment
in R&D and increasing number of new product launches are the major factors estimated to drive the
revenue growth of vein illuminator market.
Depending on geographic region, the vein illuminator market is segmented into five key regions:
North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA).
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North America is occupying the largest regional market share in the global vein illuminator market
owing to the presence of more number of market players, high awareness levels regarding the use of
technologically advanced products for routine procedures such as collecting blood sample or
inserting a PICC port. Healthcare expenditure and relatively larger number of R&D exercises
pertaining to product manufacturing and marketing activities in the region. Also Europe is expected
to perform well in the near future due to increasing usage of technologically advanced devices such
as vein illuminator in pathology laboratories and blood donation centers
Asia Pacific is expected to grow at the fastest CAGR because of increase in the number of hospital
admissions and growing geriatric population in the region, thus boosting the market growth of vein
illuminator market throughout the forecast period.
Some players of vein illuminator market includes AccuVein Inc., Christie Medical Holdings, Inc.,
Venoscope Veinlite, Elixir medical Equipment LLC, Sharn Anesthesia etc. The companies in vein
illuminator market are increasingly engaged in strategic partnerships, collaborations and
promotional activities to capture a greater pie of market share as the market is in the nascent stage.
The research report presents a comprehensive assessment of the market and contains thoughtful
insights, facts, historical data, and statistically supported and industry-validated market data. It also
contains projections using a suitable set of assumptions and methodologies. The research report
provides analysis and information according to categories such as market segments, geographies,
types, technology and applications.
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