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Global Vein Illuminator Market (2022-2027) by Technology, Applications, End-users, and Geography, with Competitive Analysis, Impact of COVID-19, and Ansoff Analysis

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  • 174 Pages
  • July 2022
  • Region: Global
  • Infogence Global Research
  • ID: 5650863

The adoption of vein illuminator is expected to show steep growth in small sized hospitals, emergency departments, and ambulatory care centers

The Global Vein Illuminator Market is estimated to be worth USD 54.2 million in 2022, and is expected to reach USD 210.06 million by 2027, growing at a CAGR of 31.12%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals. As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentation

The Global Vein Illuminator Market is segmented based on Technology, Applications, End-users, and Geography.
  • By Technology, the market is classified into Near-Infrared Illumination, Trans-Illumination, and Ultrasound Technologies.
  • By Applications, the market is classified into Blood Draw, and Intravenous Access.
  • By End-users, the market is classified into Academic Institutions, Blood Donation Camp, and Hospital.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Accuvein, Inc., Aimvein Ltd., Anandic Medical Systems Inc, BLZ Technology Inc., CAREstream Group, Kizlon, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

The Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Vein Illuminator Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The Global Vein Illuminator Market is analyzed using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, suitable strategies have been devised for market growth.

Why Buy This Report?

  • The report offers a comprehensive evaluation of the Global Vein Illuminator Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel within the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario within the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules & regulations imposed on this sector across various geographies.
  • The report also contains competitive analysis using 'Positioning Quadrants'; a proprietary competitive positioning tool.

Report Highlights

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Vein Illuminator Market

What is the estimated value of the Global Vein Illuminator Market?

The Global Vein Illuminator Market was estimated to be valued at $54.2 Million in 2022.

What is the growth rate of the Global Vein Illuminator Market?

The growth rate of the Global Vein Illuminator Market is 31.1%, with an estimated value of $210.06 Million by 2027.

What is the forecasted size of the Global Vein Illuminator Market?

The Global Vein Illuminator Market is estimated to be worth $210.06 Million by 2027.

Who are the key companies in the Global Vein Illuminator Market?

Key companies in the Global Vein Illuminator Market include Accuvein, Inc., Aimvein Ltd., Anandic Medical Systems Inc., BLZ Technology Inc.,, CAREstream Group, Kizlon, Koninklijke Philips N.V., MedicalDeals, Medline Industries, Inc. and Medqor.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Proprietary Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Growth in Phlebotomy/Venipuncture Procedures
4.1.2 Assistant in Reducing Pain by Use of Multiple Needle Sticks
4.1.3 Increasing Prevalence of Venous Leg Ulcer
4.2 Restraints
4.2.1 Existence of Alternative Methods
4.2.2 High Cost of Devices
4.3 Opportunities
4.3.1 Strategic Alliances for Vein Illuminators
4.4 Challenges
4.4.1 Limited Awareness of the Vein Illumination Technology
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Vein Illuminator Market, by Technology
6.1 Introduction
6.2 Near-Infrared Illumination
6.3 Trans-Illumination
6.4 Ultrasound Technologies
7 Global Vein Illuminator Market, by Applications
7.1 Introduction
7.2 Blood Draw
7.3 Intravenous Access
8 Global Vein Illuminator Market, by End-users
8.1 Introduction
8.2 Academic InstitutionS
8.3 Blood Donation Camp
8.4 Hospital
9 Americas’ Vein Illuminator Market
9.1 Introduction
9.2 Argentina
9.3 Brazil
9.4 Canada
9.5 Chile
9.6 Colombia
9.7 Mexico
9.8 Peru
9.9 United States
9.10 Rest of Americas
10 Europe’s Vein Illuminator Market
10.1 Introduction
10.2 Austria
10.3 Belgium
10.4 Denmark
10.5 Finland
10.6 France
10.7 Germany
10.8 Italy
10.9 Netherlands
10.10 Norway
10.11 Poland
10.12 Russia
10.13 Spain
10.14 Sweden
10.15 Switzerland
10.16 United Kingdom
10.17 Rest of Europe
11 Middle East and Africa’s Vein Illuminator Market
11.1 Introduction
11.2 Egypt
11.3 Israel
11.4 Qatar
11.5 Saudi Arabia
11.6 South Africa
11.7 United Arab Emirates
11.8 Rest of MEA
12 APAC’s Vein Illuminator Market
12.1 Introduction
12.2 Australia
12.3 Bangladesh
12.4 China
12.5 India
12.6 Indonesia
12.7 Japan
12.8 Malaysia
12.9 Philippines
12.10 Singapore
12.11 South Korea
12.12 Sri Lanka
12.13 Thailand
12.14 Taiwan
12.15 Rest of Asia-Pacific
13 Competitive Landscape
13.1 Competitive Quadrant
13.2 Market Share Analysis
13.3 Strategic Initiatives
13.3.1 M&A and Investments
13.3.2 Partnerships and Collaborations
13.3.3 Product Developments and Improvements
14 Company Profiles
14.1 Accuvein, Inc.
14.2 Aimvein Ltd.
14.3 Anandic Medical Systems Inc.
14.4 BLZ Technology Inc.,
14.5 CAREstream Group
14.6 Kizlon
14.7 Koninklijke Philips N.V.
14.8 MedicalDeals
14.9 Medline Industries, Inc.
14.10 Medqor
14.11 PerkinElmer Inc.
14.12 ProDiag B.V.
14.13 Sharn Anesthesia, Inc.
14.14 Soma Technologies International Inc.
14.15 Suru International Pvt. Ltd.
14.16 Techno MedicaCo. Ltd.
14.17 Venoscope, LLC
14.18 Vivolight
14.19 Vuetek Scientific, LLC
14.20 ZD Medical, Inc.
15 Appendix
15.1 Questionnaire

Companies Mentioned

  • Accuvein, Inc.
  • Aimvein Ltd.
  • Anandic Medical Systems Inc.
  • BLZ Technology Inc.,
  • CAREstream Group
  • Kizlon
  • Koninklijke Philips N.V.
  • MedicalDeals
  • Medline Industries, Inc.
  • Medqor
  • PerkinElmer Inc.
  • ProDiag B.V.
  • Sharn Anesthesia, Inc.
  • Soma Technologies International Inc.
  • Suru International Pvt. Ltd.
  • Techno MedicaCo. Ltd.
  • Venoscope, LLC
  • Vivolight
  • Vuetek Scientific, LLC
  • ZD Medical, Inc.