+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Vein Illumination Technologies - Global Market Trajectory & Analytics

  • ID: 4845836
  • Report
  • February 2022
  • Region: Global
  • 238 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • AccuVein Inc
  • Braun Medical Inc
  • Sharn Anesthesia
  • TransLite LLC
  • Venoscope, LLC
  • Vivolight

Global Vein Illumination Technologies Market to Reach $468.7 Million by 2026


Vein visualization represents a technology that aids healthcare professionals in locating the best veins needed for blood draws and IV starts. Also called vein mapping or vein illumination, the technology provides a real time visual map of veins upon the skin`s surface. Vein illuminator devices, also called vein finders, use advanced visualizing technologies for aiding healthcare professionals easily locate veins that are hard-to-find. A vein illuminator is a usually a hand-held device to be held over the skin from where it displays the skin`s vasculature for easy location and puncturing of veins, causing less discomfort to patients. In patients with fragile skin, especially geriatric patients, infants, and obese persons, nurses and doctors cannot easily locate veins, creating the need for vein illumination technologies. Illuminator devices are also used for locating veins in patients with dark skin, obese people, agitated patients, and in those whose veins are not palpable or visible and those with burn injuries. The device eliminates unnecessary pricking of needles as it allows for precise location of veins. Vein illuminators are used during surgeries, emergency medical services, in blood centers and also for home healthcare.

Amid the COVID-19 crisis, the global market for Vein Illumination Technologies estimated at US$104.2 Million in the year 2020, is projected to reach a revised size of US$468.7 Million by 2026, growing at a CAGR of 28.2% over the analysis period. Transillumination, one of the segments analyzed in the report, is projected to grow at a 26.7% CAGR to reach US$243.9 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Infrared segment is readjusted to a revised 31.1% CAGR for the next 7-year period. This segment currently accounts for a 36.6% share of the global Vein Illumination Technologies market.



The U.S. Market is Estimated at $49.7 Million in 2021, While China is Forecast to Reach $32.6 Million by 2026


The Vein Illumination Technologies market in the U.S. is estimated at US$49.7 Million in the year 2021. The country currently accounts for a 38.81% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$32.6 Million in the year 2026 trailing a CAGR of 34% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 24.4% and 24.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 27.8% CAGR while Rest of European market (as defined in the study) will reach US$42.9 Million by the close of the analysis period. The major growth promoting factor for the market for vein illuminators globally is the growing healthcare expenditure in countries across the world. Growing inclination of physicians and nurses towards using devices and aids that are technologically advanced promotes market growth. Manufacturers offering the devices also launch new and advanced products on a regular basis, which also drives market growth. Over the years, healthcare technology advancements led to novel medical device innovations with enhanced functionalities.

Ultrasound Segment to Reach $77.2 Million by 2026


Akin to the ultrasound clinical imaging technology, ultrasound vein illumination uses sound waves to map the skin and produce an image for the healthcare professional. Doppler ultrasound can also detect blood flow within the patient, further aiding accurate identification of the veins. Some of the use cases for ultrasound imaging for vein illumination include USGPIV (Ultrasound Guided Peripheral IV Access) and PICC (Peripherally Inserted Central Catheters). Such procedures require skilled professionals with adequate training and are generally expensive. In the global Ultrasound segment, USA, Canada, Japan, China and Europe will drive the 24.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$15.9 Million in the year 2020 will reach a projected size of US$74.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9.3 Million by the year 2026.

Select Competitors (Total 35 Featured) -

  • AccuVein Inc
  • BLZ Technology (Wuhan) Co., Ltd
  • Braun Medical Inc
  • Christie Medical Holdings, Inc
  • Sharn Anesthesia
  • TransLite LLC
  • Venoscope, LLC
  • Vivolight
  • ZD Medical Inc
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Frequently Asked Questions about the Global Market for Vein Illumination Technologies

What is the estimated value of the Global Market for Vein Illumination Technologies?

The Global Market for Vein Illumination Technologies was estimated to be valued at $104.2 Million in 2020.

What is the growth rate of the Global Market for Vein Illumination Technologies?

The growth rate of the Global Market for Vein Illumination Technologies is 28.5%, with an estimated value of $468.7 Million by 2026.

What is the forecasted size of the Global Market for Vein Illumination Technologies?

The Global Market for Vein Illumination Technologies is estimated to be worth $468.7 Million by 2026.

Who are the key companies in the Global Market for Vein Illumination Technologies?

Key companies in the Global Market for Vein Illumination Technologies include AccuVein Inc, BLZ Technology (Wuhan) Co., Ltd, Braun Medical Inc, Christie Medical Holdings, Inc, Sharn Anesthesia, TransLite LLC, Venoscope, LLC and ZD Medical Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AccuVein Inc
  • Braun Medical Inc
  • Sharn Anesthesia
  • TransLite LLC
  • Venoscope, LLC
  • Vivolight

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • COVID-19 Burden Fuels Adoption of Vein Finders to Save on Precious Time & Improve Patient Care
  • Vein Illuminators Market Remains Offset by Postponement of Elective and Non-essential Surgeries, and a Decline in Blood Donations
  • Vein Illumination Technologies to Witness Rapid Growth Post COVID-19
  • Vein Illumination Technologies – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • By Application, Intravenous Access Holds a Major Share
  • Technology Landscape
  • Transillumination Technology Leads the Vein Illlumination Market
  • Near Infrared Technology to Exhibit Fastest Growth
  • Ultrasound Vein Illumination Technology: Also a Significant Market
  • The US Dominates the Market, Asia-Pacific to Witness Fastest Growth
  • Competition
  • Select Popular Vein Finders Used by Medical Professionals to Find Veins Easily & Quickly
  • AccuVein
  • AccuVein AV400
  • VeinViewer Vision2
  • CMS Vein Finders
  • Veinlite
  • VeinSight Vein Finders
  • VPism
  • VeinViewer
  • VeinSight & AccuVein: Most Popular Vein Illuminators Globally

2. FOCUS ON SELECT PLAYERS

  • Recent Market Activity

3. MARKET TRENDS & DRIVERS

  • Vein Finders Present Effective Solution for Medical Staff to Master Phlebotomy
  • Sclerotherapy Using Vein Illumination for Treatment of Varicose and Spider Veins
  • Game-Changing Vein Illumination Devices Help Injectors Precisely Avoid Veins during Aesthetic Procedures
  • Aging Population Propels the Demand for Vein Illumination Technologies
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Increasing Healthcare Expenditure to Foster Growth
  • World Healthcare Expenditure (In US$ Trillion) for the Years 2016 & 2018
  • Rising Incidence of Chronic Diseases Fuels Demand for Vein Illuminators
  • Global Cancer Incidence by Region: 2018
  • Global Cancer Incidence by Type: 2018
  • High Incidence of Preterm Births to Propel the Demand for Vein Illuminators
  • Countries with High Rate of Preterm Births Worldwide
  • Obesity Concerns Raise Significance of Vein Illumination Technologies
  • Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030P
  • Rising Incidence of Hospital Acquired Infections Propel Demand

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Vein Illumination Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Vein Illumination Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Vein Illumination Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Vein Illumination Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Vein Illumination Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Vein Illumination Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Vein Illumination Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

REST OF EUROPE

ASIA-PACIFIC

  • Vein Illumination Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

REST OF WORLD

IV. COMPETITION

  • Total Companies Profiled: 35
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • AccuVein Inc
  • BLZ Technology (Wuhan) Co., Ltd
  • Braun Medical Inc
  • Christie Medical Holdings, Inc
  • Sharn Anesthesia
  • TransLite LLC
  • Venoscope, LLC
  • Vivolight
  • ZD Medical Inc
Note: Product cover images may vary from those shown