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

Industry Outlook

The vein illuminator market is set to reach US$ 403.4 Mn by 2026 from US$ 32.9 Mn in 2017 at a compounded annual growth rate (CAGR) of 32.7% during the forecast period from 2018 to 2026. As per the latest research citing of International Society of Thrombosis and Hemostasis, 1 in 4 people throughout the globe are suffering with deep vein thrombosis (DVT). Inaccurate venipuncture is largely responsible for occurrence of DVT causing pain and discomfort in patients.

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

Market Synopsis

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"High degree of accuracy in venipuncture and increasing popularity among physicians to drive the infrared technology market growth"

Infrared technology is widely used throughout the globe on account of factors such as 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. 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 transmission of light by body tissues.

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"Increasing demand for minimally invasive procedure to propel the intravenous access market"

Intravenous access is leading the application segment owing to factors such as increasing demand for minimally invasive surgical procedure including venipuncture. The veins are accessed for various purposes such as blood sampling, chemotherapy etc. Vein detection is a very tedious task requiring considerable practice, any discrepancy in vein identification causes pain and discomfort to patient. The vein illuminators help in addressing such complications of inaccurate venipuncture and stimulates the intravenous access market growth. Blood drawing is a tedious task in pediatric and geriatric patient. Vein illuminators eradicate the need for second venipuncture resulting in patient comfort and satisfaction.

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"Domicile of major players and well developed healthcare infrastructure drive the 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 increasing number of patient availing intravenous medications for treating chronic ailments and existence of well-developed healthcare infrastructure having vein illuminating devices. Domicile of key players such as Accuvein, Inc., Venoscope, LLC and Christie Medical Holdings, Inc., have a positive influence on the market 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 large patient population and increased funding by government healthcare agencies for the modernization of hospitals and research centers.

Historical & Forecast Period

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

Report Scope by Segments

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

Market assessment was studies to understand the market trends and dynamics prevalent in the vein illuminator market. Latest technological development in the vein illuminators commercially available are covered in the scope of the report. 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.

Key questions answered in this report

• What will be the market size and compounded annual growth rate (CAGR) for vein illuminator market?
• Who are the market leaders in 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 vein illuminators market?
• Which is the leading and fastest growing application segment for vein illuminators market?
• Which is the leading and fastest growing regional segment for 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

* VI - Vein Illuminator

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)

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)