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Vein Illuminator Market By Technology (Infrared Technology, Transillumination, Ultrasound), By Application (Intravenous Access, Blood Draw, Others) – Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

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Published: | Report ID: 11663 | Category: Medical Devices

Market Insights:

The vein illuminator market is expected to reach $403.4 million by 2026, up from $32.9 million in 2017, at a compound annual growth rate (CAGR) of 32.7% from 2018 to 2026. As per the latest research cited by the International Society of Thrombosis and Hemostasis, 1 in 4 people throughout the globe is suffering from deep vein thrombosis (DVT). Inaccurate venipuncture is largely responsible for the occurrence of DVT, which causes pain and discomfort in patients.

The key parameters responsible for the growth of the vein illuminator market are greater satisfaction and less pain in the geriatric population, which has thin and loose skin. It has found prominence in achieving accurate venipuncture in dark-skinned and obese patients, in whom determining the vascular position is difficult. Other factors driving the growth of the vein illuminators market include technological advancements in the devices, such as excellent optics, resolution, contrast, and a low price.

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Market Synopsis

Infrared technology market growth will be driven by high venipuncture accuracy and rising physician popularity.

Infrared technology is widely used throughout the globe on account of factors such as its popularity among physicians due to its accuracy and ability to detect deep-seated veins. Near-infrared technology can be used for vein identification in all body types and skin tones. An ultrasound vein illuminator employs sound waves to produce the image of veins. It is widely used for the detection of vascular malformations, blood clots, and narrow vessels. Transillumination is gaining importance among healthcare professionals due to its ability to detect veins by employing the principle of light transmission through body tissues.

Increasing demand for minimally invasive procedures will propel the intravenous access market.

Intravenous access is leading the application segment owing to factors such as increasing demand for minimally invasive surgical procedures, including venipuncture. The veins are accessed for various purposes, such as blood sampling, chemotherapy, etc. Vein detection is a time-consuming task that requires extensive practice; any error in vein identification causes pain and discomfort to the patient.

The vein illuminators help address such complications as inaccurate venipuncture and stimulate the intravenous access market’s growth. Blood drawing is a tedious task for pediatric and geriatric patients. Vein illuminators eradicate the need for second venipuncture, resulting in patient comfort and satisfaction.

Major players’ domiciles and well-developed healthcare infrastructure drive market growth in North America.

North America is currently dominating the vein illuminator market. The key factors influencing the vein illuminator market growth in North America are the increasing number of patients availing intravenous medications for treating chronic ailments and the existence of a well-developed healthcare infrastructure having vein illuminating devices. A number of key players, such as Accuvein, Inc., Venoscope, LLC, and Christie Medical Holdings, Inc., have a positive influence on the market’s growth in North America.

In Europe, the vein illuminator market is driven by huge demand for technologically innovative medical devices and excellent clinical practices adopted by physicians and nurses for intravenous drug infusion. Asia Pacific will register stable growth during the forecast period on account of a large patient population and increased funding by government healthcare agencies for the modernization of hospitals and research centers.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The compound annual growth rate (CAGR) and market estimation were determined for the report on the vein illuminator market by conducting an organic and inorganic market analysis. The market is segmented by technology, application, and geography.

Market assessment studies were conducted to understand the market trends and dynamics prevalent in the vein illuminator market. The scope of the report includes the most recent technological developments in commercially available vein illuminators. The competitive landscape is mapped to understand the competitive nature prevailing in the vein illuminators market.

The key players active in the vein illuminators market are Accuvein, Inc., BLZ Technology, Inc., Cambridge Medical Private Ltd., Christie Medical Holdings, Inc., C.R.Bard, Inc., Infrared Imaging Systems, Inc., Koninklijke Philips N.V., Translite, LLC, Venoscope, LLC, and Vuetek Scientific, LLC.

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Key questions are answered in this report.

  • What will be the market size and compound annual growth rate (CAGR) for the vein illuminator market?
  • Who are the market leaders in the vein illuminator market?
  • What are the drivers, restraints, and challenges, and how will they affect the vein illuminators’ market dynamics?
  • What is the competitive scenario prevalent in the vein illuminator market?
  • Which is the leading and fastest-growing technology segment for the vein illuminators market?
  • Which is the leading and fastest-growing application segment for the vein illuminators market?
  • Which is the leading and fastest-growing regional segment for the vein illuminators market?

Chapter 1. Preface
1.1. Report Scope and Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I-Secondary Research
1.3.2. Phase II-Primary Research
1.3.3. Approach Adopted
1.3.4. Top-down Approach
1.3.5. Bottom-up Approach
1.3.6. Phase III-Expert Panel Review
1.3.7. Assumptions
1.4. Market Segmentation

Chapter 2. Executive Summary
2.1. Global VI Market Portraiture
2.2. Global VI Market, by Technology, 2017 (US$ Mn)
2.3. Global VI Market, by Application, 2017 (US$ Mn)
2.4. Global VI Market, by Geography, 2017 (US$ Mn)

Chapter 3. Vein Illuminator (VI) Market: Dynamics and Future Outlook
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Analysis: Global VI Market, by Key Players, 2017

Chapter 4. Global Vein Illuminator (VI) Market, by Technology
4.1. Overview
4.2. Infrared Technology
4.3. Transillumination
4.4. Ultrasound

Chapter 5. Global Vein Illuminator (VI) Market, by Application
5.1. Overview
5.2. Intravenous Access
5.3. Blood Draw
5.4. Others

Chapter 6. Global Vein Illuminator (VI) Market, by Geography
6.1. Overview
6.2. North America VI Market Analysis, 2016 – 2026
6.2.1. North America VI Market, by Technology, 2016 – 2026 (US$ Mn)
6.2.2. North America VI Market, by Application, 2016 – 2026 (US$ Mn)
6.2.3. North America VI Market, by Country, 2016 – 2026 (US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe VI Market Analysis, 2016 – 2026
6.3.1. Europe VI Market, by Technology, 2016 – 2026 (US$ Mn)
6.3.2. Europe VI Market, by Application, 2016 – 2026 (US$ Mn)
6.3.3. Europe VI Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.3.3.1. U.K.
6.3.3.2. Germany
6.3.3.3. Rest of Europe
6.4. Asia Pacific VI Market Analysis, 2016 – 2026
6.4.1. Asia Pacific VI Market, by Technology, 2016 – 2026 (US$ Mn)
6.4.2. Asia Pacific VI Market, by Application, 2016 – 2026 (US$ Mn)
6.4.3. Asia Pacific VI Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.4.3.1. China
6.4.3.2. Japan
6.4.3.3. Rest of Asia Pacific
6.5. Latin America VI Market Analysis, 2016 – 2026
6.5.1. Latin America VI Market, by Technology, 2016 – 2026 (US$ Mn)
6.5.2. Latin America VI Market, by Application, 2016 – 2026 (US$ Mn)
6.5.3. Latin America VI Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.5.3.1. Brazil
6.5.3.2. Mexico
6.5.3.3. Rest of Latin America
6.6. Middle East and Africa VI Market Analysis, 2016 – 2026
6.6.1. MEA VI Market, by Technology, 2016 – 2026 (US$ Mn)
6.6.2. MEA VI Market, by Application, 2016 – 2026 (US$ Mn)
6.6.3. MEA VI Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.6.3.1. GCC
6.6.3.2. Rest of MEA

Chapter 7. Company Profiles
7.1. Accuvein, Inc.
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Technology Portfolio
7.1.4. News Coverage
7.2. BLZ Technology, Inc.
7.3. Cambridge Medical Private Ltd.
7.4. Christie Medical Holdings, Inc.
7.5. C. R. Bard, Inc.
7.6. InfraRed Imaging Systems, Inc.
7.7. Koninklijke Philips N.V.
7.8. Translite LLC
7.9. Venoscope LLC
7.10. Vuetek Scientific LLC

List of Figures

FIG. 1 Vein Illuminator (VI) Market: Research Methodology
FIG. 2 VI Market Segmentation
FIG. 3 Global VI Market, by Technology, 2017 (US$ Mn)
FIG. 4 Global VI Market, by Application, 2017 (US$ Mn)
FIG. 5 Global VI Market, by Geography, 2017 (US$ Mn)
FIG. 6 Attractive Investment Proposition: by Geography, 2017
FIG. 7 Competitive Analysis: Global VI Market, by Key Players, 2017
FIG. 8 Global Infrared Technology Market for Vein Illuminator, 2016 – 2026 (US$ Mn)
FIG. 9 Global Transillumination Market for Vein Illuminator, 2016 – 2026 (US$ Mn)
FIG. 10 Global Ultrasound Market for Vein Illuminator, 2016 – 2026 (US$ Mn)
FIG. 11 Global Intravenous Access Market for Vein Illuminator, 2016 – 2026 (US$ Mn)
FIG. 12 Global Blood Draw Market for Vein Illuminator, 2016 – 2026 (US$ Mn)
FIG. 13 Global Other Applications Market for Vein Illuminator, 2016 – 2026 (US$ Mn)
FIG. 14 U.S. VI Market, 2016 – 2026 (US$ Mn)
FIG. 15 Canada VI Market, 2016 – 2026 (US$ Mn)
FIG. 16 U.K. VI Market, 2016 – 2026 (US$ Mn)
FIG. 17 Germany VI Market, 2016 – 2026 (US$ Mn)
FIG. 18 Rest of Europe VI Market, 2016 – 2026 (US$ Mn)
FIG. 19 China VI Market, 2016 – 2026 (US$ Mn)
FIG. 20 Japan VI Market, 2016 – 2026 (US$ Mn)
FIG. 21 Rest of Asia Pacific VI Market, 2016 – 2026 (US$ Mn)
FIG. 22 Brazil VI Market, 2016 – 2026 (US$ Mn)
FIG. 23 Mexico VI Market, 2016 – 2026 (US$ Mn)
FIG. 24 Rest of Latin America VI Market, 2016 – 2026 (US$ Mn)
FIG. 25 GCC VI Market, 2016 – 2026 (US$ Mn)
FIG. 26 Rest of MEA VI Market, 2016 – 2026 (US$ Mn)

List of Tables

TABLE 1 Global Vein Illuminator (VI) Market Portraiture
TABLE 2 Global VI Market, by Technology, 2016 – 2026 (US$ Mn)
TABLE 3 Global VI Market , by Application, 2016 – 2026 (US$ Mn)
TABLE 4 Global VI Market, by Geography, 2016 – 2026 (US$ Mn)
TABLE 5 North America VI Market, by Technology, 2016 – 2026 (US$ Mn)
TABLE 6 North America VI Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 7 North America VI Market, by Country, 2016 – 2026 (US$ Mn)
TABLE 8 Europe VI Market, by Technology, 2016 – 2026 (US$ Mn)
TABLE 9 Europe VI Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 10 Europe VI Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 11 Asia Pacific VI Market, by Technology, 2016 – 2026 (US$ Mn)
TABLE 12 Asia Pacific VI Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 13 Asia Pacific VI Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 14 Latin America VI Market, by Technology, 2016 – 2026 (US$ Mn)
TABLE 15 Latin America VI Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 16 Latin America VI Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 17 Middle East and Africa VI Market, by Technology, 2016 – 2026 (US$ Mn)
TABLE 18 Middle East and Africa VI Market, by Application, 2016 – 2026 (US$ Mn)
TABLE 19 Middle East and Africa VI Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 20 Accuvein, Inc.: Company Snapshot (Business Description; Financial Information; Technology Portfolio; Key Developments)
TABLE 21 BLZ Technology, Inc.: Company Snapshot (Business Description; Financial Information; Technology Portfolio; Key Developments)
TABLE 22 Cambridge Medical Private Ltd.: Company Snapshot (Business Description; Financial Information; Technology Portfolio; Key Developments)
TABLE 23 Christie Medical Holdings, Inc.: Company Snapshot (Business Description; Financial Information; Technology Portfolio; Key Developments)
TABLE 24 C.R.Bard, Inc.: Company Snapshot (Business Description; Financial Information; Technology Portfolio; Key Developments)
TABLE 25 InfraRed Imaging Systems, Inc.: Company Snapshot (Business Description; Financial Information; Technology Portfolio; Key Developments)
TABLE 26 Koninklijke Philips N.V.: Company Snapshot (Business Description; Financial Information; Technology Portfolio; Key Developments)
TABLE 27 Translite LLC: Company Snapshot (Business Description; Financial Information; Technology Portfolio; Key Developments)
TABLE 28 Venoscope LLC: Company Snapshot (Business Description; Financial Information; Technology Portfolio; Key Developments)
TABLE 29 Vuetek Scientific LLC: Company Snapshot (Business Description; Financial Information; Technology Portfolio; Key Developments)

Frequently Asked Question:

What is the size of Vein Illuminator Market?

The market for Vein Illuminator Market is expected to reach USD$ 403.4 Mn in 2026.

What is the Vein Illuminator Market CAGR?

The Vein Illuminator Market is expected to see significant CAGR growth over the coming years, at 32.7%.

What is the Forecast period considered for Vein Illuminator Market?

The report is forecasted from 2018 -2026.

What is the base year considered for Vein Illuminator Market?

The base year of this report is 2017.

Who are the major players in this market?

Accuvein, Inc., BLZ Technology, Inc., Cambridge Medical Private Ltd., Christie Medical Holdings, Inc. are some of the major players in the global market.

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