Market Overview:
The global vein illuminator market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of chronic diseases, growing geriatric population, and technological advancements in vein illumination devices. Based on type, the global vein illuminator market is segmented into near infrared illumination (NIR), transillumination, and ultrasound. NIR is expected to account for the largest share of the global vein illuminator market in 2018. This can be attributed to its advantages such as high accuracy and precision, ability to identify veins under all lighting conditions, and low cost as compared with other types of devices.
Product Definition:
A vein illuminator is a device that emits light to help visualize veins. It is used to help guide a needle during a blood draw or injection.
Near Infrared Illumination (NIR):
Near infrared (NIR) illumination is a source of non-ionizing electromagnetic radiation with wavelengths between 10 and 400 nm. It is used for various medical applications such as diagnosis of chronic diseases, cancer, cardiovascular diseases and infections. NIR can penetrate tissue easily to provide information about metabolic processes in human body which cannot be seen under normal light microscope.
Transillumination:
Transillumination is a diagnostic procedure that involves the injection of cold light on to the skin for checking whether there are any blood vessels in the area. It helps in diagnosing numerous disorders related to blood vessels, including varicose veins and other venous diseases. The treatment of such medical conditions can be done by either surgical or nonsurgical methods depending upon various factors associated with them.
Application Insights:
IV access was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The rising number of IVF procedures has led to an increased demand for vein illuminators, especially in developed countries like the U.S., Canada, and France. In addition, a rise in adoption of advanced IVF techniques has also fueled product demand globally over the past few years.
Blood draw is estimated to be one of the fastest-growing applications owing to increasing usage of blood collection devices across hospitals and clinics worldwide due to high safety standards required for patient blood handling procedures. Moreover, a rise in prevalence of chronic diseases coupled with high awareness levels regarding safe handling practices will further boost industry growth during this study period as well as future projections beyond 2030 BCE when this survey was conducted (2017-18).
Regional Analysis:
North America dominated the global market in 2017 owing to a rise in the number of veinology clinics and hospitals, high adoption of advanced technologies, and increasing demand for efficient healthcare services. Moreover, presence of major players is also expected to drive growth over the forecast period. Increasing prevalence of chronic diseases such as cancer is also driving growth in this region.
Asia Pacific is expected to grow at a lucrative rate over the forecast period due to rising medical tourism industry supported by improving healthcare infrastructure coupled with growing awareness about various treatment options available for vein disorders.
Growth Factors:
- Increasing prevalence of vein diseases: The global prevalence of vein diseases is increasing rapidly. This is mainly because of the changing lifestyles and increasing aging population. As a result, the demand for effective and safe treatments for vein diseases is also increasing, which is driving the growth of the Vein Illuminator market.
- Growing awareness about vein health: There has been a growing awareness among people about the importance of keeping their veins healthy. This has led to an increase in demand for treatments and products that can help improve venous health, such as Vein Illuminators.
- Technological advancements: The technological advancements in Vein Illuminator devices are helping to make them more efficient and user-friendly. This is resulting in an increase in their adoption by healthcare professionals and patients alike, thereby driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vein Illuminator Market Research Report
By Type
Near Infrared Illumination (NIR), Transillumination, Ultrasound
By Application
IV Access, Blood Draw, Other Applications
By Companies
Accuvein, Christie Medical, Sharn Anesthesia, Translite, Venoscope, ZD Medical, Cambridge Medical (Asia) Private
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Vein Illuminator Market Report Segments:
The global Vein Illuminator market is segmented on the basis of:
Types
Near Infrared Illumination (NIR), Transillumination, Ultrasound
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
IV Access, Blood Draw, Other Applications
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Accuvein
- Christie Medical
- Sharn Anesthesia
- Translite
- Venoscope
- ZD Medical
- Cambridge Medical (Asia) Private
Highlights of The Vein Illuminator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Near Infrared Illumination (NIR)
- Transillumination
- Ultrasound
- By Application:
- IV Access
- Blood Draw
- Other Applications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vein Illuminator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vein Illuminator is a device that uses light to improve the visibility of veins in the skin. It is often used by doctors to help diagnose and treat various medical conditions, such as varicose veins, spider veins, and other vein problems.
Some of the key players operating in the vein illuminator market are Accuvein, Christie Medical, Sharn Anesthesia, Translite, Venoscope, ZD Medical, Cambridge Medical (Asia) Private.
The vein illuminator market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vein Illuminator Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vein Illuminator Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vein Illuminator Market - Supply Chain
4.5. Global Vein Illuminator Market Forecast
4.5.1. Vein Illuminator Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vein Illuminator Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vein Illuminator Market Absolute $ Opportunity
5. Global Vein Illuminator Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vein Illuminator Market Size and Volume Forecast by Type
5.3.1. Near Infrared Illumination (NIR)
5.3.2. Transillumination
5.3.3. Ultrasound
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vein Illuminator Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vein Illuminator Market Size and Volume Forecast by Application
6.3.1. IV Access
6.3.2. Blood Draw
6.3.3. Other Applications
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vein Illuminator Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vein Illuminator Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vein Illuminator Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vein Illuminator Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vein Illuminator Demand Share Forecast, 2019-2026
9. North America Vein Illuminator Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vein Illuminator Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vein Illuminator Market Size and Volume Forecast by Application
9.4.1. IV Access
9.4.2. Blood Draw
9.4.3. Other Applications
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vein Illuminator Market Size and Volume Forecast by Type
9.7.1. Near Infrared Illumination (NIR)
9.7.2. Transillumination
9.7.3. Ultrasound
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vein Illuminator Demand Share Forecast, 2019-2026
10. Latin America Vein Illuminator Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vein Illuminator Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vein Illuminator Market Size and Volume Forecast by Application
10.4.1. IV Access
10.4.2. Blood Draw
10.4.3. Other Applications
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vein Illuminator Market Size and Volume Forecast by Type
10.7.1. Near Infrared Illumination (NIR)
10.7.2. Transillumination
10.7.3. Ultrasound
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vein Illuminator Demand Share Forecast, 2019-2026
11. Europe Vein Illuminator Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vein Illuminator Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vein Illuminator Market Size and Volume Forecast by Application
11.4.1. IV Access
11.4.2. Blood Draw
11.4.3. Other Applications
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vein Illuminator Market Size and Volume Forecast by Type
11.7.1. Near Infrared Illumination (NIR)
11.7.2. Transillumination
11.7.3. Ultrasound
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vein Illuminator Demand Share, 2019-2026
12. Asia Pacific Vein Illuminator Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vein Illuminator Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vein Illuminator Market Size and Volume Forecast by Application
12.4.1. IV Access
12.4.2. Blood Draw
12.4.3. Other Applications
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vein Illuminator Market Size and Volume Forecast by Type
12.7.1. Near Infrared Illumination (NIR)
12.7.2. Transillumination
12.7.3. Ultrasound
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vein Illuminator Demand Share, 2019-2026
13. Middle East & Africa Vein Illuminator Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vein Illuminator Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vein Illuminator Market Size and Volume Forecast by Application
13.4.1. IV Access
13.4.2. Blood Draw
13.4.3. Other Applications
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vein Illuminator Market Size and Volume Forecast by Type
13.7.1. Near Infrared Illumination (NIR)
13.7.2. Transillumination
13.7.3. Ultrasound
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vein Illuminator Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vein Illuminator Market: Market Share Analysis
14.2. Vein Illuminator Distributors and Customers
14.3. Vein Illuminator Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Accuvein
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Christie Medical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sharn Anesthesia
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Translite
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Venoscope
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ZD Medical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Cambridge Medical (Asia) Private
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook