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Vein Illumination Technologies - Global Strategic Business Report

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    Report

  • 238 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4845836

Global Vein Illumination Technologies Market to Reach $1.3 Billion by 2030

The global market for Vein Illumination Technologies estimated at US$166 Million in the year 2022, is projected to reach a revised size of US$1.3 Billion by 2030, growing at a CAGR of 29.2% over the analysis period 2022-2030. Transillumination, one of the segments analyzed in the report, is projected to record 27.4% CAGR and reach US$507.6 Million by the end of the analysis period. Growth in the Infrared segment is estimated at 32.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $63.4 Million, While China is Forecast to Grow at 35% CAGR

The Vein Illumination Technologies market in the U.S. is estimated at US$63.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$106.2 Million by the year 2030 trailing a CAGR of 35% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25% and 25.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 28.6% CAGR.

Select Competitors (Total 35 Featured)

  • Koninklijke Philips N.V.
  • Infinium Medical, Inc.
  • Futuremed America, Inc.
  • Agappe Diagnostics Ltd.
  • AVI Healthcare Pvt., Ltd.
  • Sharn Anesthesia, Inc.
  • Stihler Electronic
  • Translite LLC.
  • DELUXE SCIENTIFIC SURGICO PVT LTD (DESCO INDIA)
  • Biobase Meihua
  • Sunny Medical Equipment Limited
  • PT. Fyrom International
  • Industrial Technology Research Institute (ITRI)

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Vein Illumination Technologies Market

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

The Vein Illumination Technologies Market was estimated to be valued at $166 Million in 2022.

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

The growth rate of the Vein Illumination Technologies Market is 29.3%, with an estimated value of $1300 Million by 2030.

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

The Vein Illumination Technologies Market is estimated to be worth $1300 Million by 2030.

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

Key companies in the Vein Illumination Technologies Market include Koninklijke Philips N.V., Infinium Medical, Inc., Futuremed America, Inc., Agappe Diagnostics Ltd., AVI Healthcare Pvt., Ltd., Sharn Anesthesia, Inc., Stihler Electronic, Translite LLC., DELUXE SCIENTIFIC SURGICO PVT LTD (DESCO INDIA) and Biobase Meihua.

Table of Contents

I. METHODOLOGYII. 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
  • TABLE 1: World Recent Past, Current & Future Analysis for Transillumination by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Transillumination by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 3: World 14-Year Perspective for Transillumination by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Infrared by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Infrared by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 6: World 14-Year Perspective for Infrared by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Ultrasound by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Ultrasound by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 9: World 14-Year Perspective for Ultrasound by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Intravenous Access by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Intravenous Access by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 12: World 14-Year Perspective for Intravenous Access by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Blood Draw by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Blood Draw by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 15: World 14-Year Perspective for Blood Draw by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 18: World 14-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Hospitals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Hospitals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 21: World 14-Year Perspective for Hospitals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Blood Donation Camps by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Blood Donation Camps by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 24: World 14-Year Perspective for Blood Donation Camps by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
  • TABLE 25: World Recent Past, Current & Future Analysis for Academic Institutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 26: World Historic Review for Academic Institutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 27: World 14-Year Perspective for Academic Institutions by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
  • TABLE 28: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 29: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 30: World 14-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2023 & 2030
  • TABLE 31: World Vein Illumination Technologies Market Analysis of Annual Sales in US$ Thousand for Years 2016 through 2030
  • TABLE 32: World Recent Past, Current & Future Analysis for Vein Illumination Technologies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 33: World Historic Review for Vein Illumination Technologies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2021 and % CAGR
  • TABLE 34: World 14-Year Perspective for Vein Illumination Technologies by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2016, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Vein Illumination Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • Vein Illumination Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Vein Illumination Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Vein Illumination Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • Vein Illumination Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Vein Illumination Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Vein Illumination Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Vein Illumination Technologies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • REST OF WORLD
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Koninklijke Philips N.V.
  • Infinium Medical, Inc.
  • Futuremed America, Inc.
  • Agappe Diagnostics Ltd.
  • AVI Healthcare Pvt., Ltd.
  • Sharn Anesthesia, Inc.
  • Stihler Electronic
  • Translite LLC.
  • DELUXE SCIENTIFIC SURGICO PVT LTD (DESCO INDIA)
  • Biobase Meihua
  • Sunny Medical Equipment Limited
  • PT. Fyrom International
  • Industrial Technology Research Institute (ITRI)