Vein Illumination Devices Global Market Report 2024

A vein illumination device, also referred to as a vein finder or vein locator, is a medical tool designed to assist healthcare professionals in visualizing veins beneath the skin. These devices utilize technologies such as near-infrared (NIR) light, transillumination, and ultrasound to enhance the visibility of veins, facilitating easier location for procedures such as venipuncture, intravenous (IV) access, and blood draws. The primary objective of vein illumination devices is to enhance the accuracy and efficiency of vein access procedures.

The primary application of vein illumination devices is in healthcare settings, where they assist healthcare professionals in visualizing veins during medical procedures. These devices come in two main types, table-top and hand-held. Table-top vein illumination devices are stationary units commonly found in clinical settings. They utilize technologies such as transillumination, near-infrared illumination, and ultrasound to aid in tasks such as intravenous access, blood draws, venipuncture, sclerotherapy, and other applications. They are commonly used in hospitals, clinics, rehabilitation facilities, blood donation camps, academic institutions, nursing homes, and other healthcare settings.

The vein illumination devices market research report is one of a series of new reports that provides vein illumination devices market statistics, including the vein illumination devices industry global market size, regional shares, competitors with vein illumination devices market share, detailed vein illumination devices market segments, market trends, and opportunities, and any further data you may need to thrive in the vein illumination devices industry. These vein illumination devices market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The vein illumination devices market size has grown rapidly in recent years. It will grow from $0.49 billion in 2023 to $0.55 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The growth observed in the historic period can be attributed to several factors. These include increased utilization of vein illumination devices during the pandemic for venous access in COVID-19 patients, rising awareness among healthcare professionals regarding the advantages of these devices, escalating healthcare expenditure, initiatives aimed at patient education, and an increase in intravenous drug use, both in medical and illicit settings.

The vein illumination devices market size is expected to see rapid growth in the next few years. It will grow to $0.88 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. In the forecast period, growth can be attributed to several key factors. These include rising investments in healthcare infrastructure, enhancements in medical staff training and proficiency facilitated by the availability of vein illumination devices, cost efficiency of these devices, increasing demand for assistance in venipuncture procedures, and the expanded use of these devices in remote and home healthcare settings for patients needing regular venous access. Major trends anticipated in this period include the trend towards miniaturization and wearable devices for vein illumination, integration of wireless connectivity features into these devices, development of augmented reality (AR) solutions for enhanced visualization, adoption of hybrid imaging technologies for more comprehensive vein imaging, and exploration of holographic projection technology for advanced visualization capabilities in vein access procedures.

The vein illumination devices market is set to grow due to the increasing prevalence of venous diseases such as deep vein thrombosis and varicose veins. These diseases disrupt blood flow in veins, causing symptoms such as swelling, pain, and skin changes. Factors such as aging, hormonal changes from menopause or medication use, and weakened vein valves contribute to venous disorders. Vein illumination devices play a vital role in managing these conditions by improving vein visibility, aiding in procedures such as intravenous access and sclerotherapy, and reducing complications. For instance, between 2019-20 and 2020-21, the Nuffield Trust reported a 21% rise in Venous Thromboembolism cases, underlining the market's growth driven by venous diseases.

The vein illumination devices market is also boosted by the growing demand for minimally invasive procedures. These procedures, which involve small incisions or entry points, offer shorter recovery times and reduced tissue damage compared to traditional surgeries. Patients prefer them for their quicker recovery, lower complication risks, and enhanced comfort. Vein illumination devices support minimally invasive techniques by improving vein visualization, enhancing precision during procedures such as venipuncture, and increasing success rates. For example, in 2023, 83% of medical procedures were minimally invasive, according to the American Academy of Facial Plastic and Reconstructive Surgery, further fueling the demand for vein illumination devices.

Leading companies in the vein illumination devices market are advancing near-infrared vascular imaging technology to enhance medical procedures' accuracy and efficiency. These advancements provide non-invasive, high-resolution views of blood vessels, improving diagnostics and treatment planning. Christie Medical Holdings, for instance, launched VeinViewer in April 2022, an advanced near-infrared imaging device projecting real-time HD vein images onto the skin. This technology, used in plasma donation centers, enhances donor experience and procedure success rates by illuminating veins up to 10 mm deep.

Major companies operating in the vein illumination devices market are Siemens Healthineers, Koninklijke Philips N.V., Baxter International Inc., Olympus Corporation, B. Braun Medical Inc., AngioDynamics, Canon Medical Systems Corporation, Veinlite, AccuVein Inc., Delta Medical International Ltd., Christie Medical Holdings Inc., Venoscope, Near Infrared Imaging, BLZ Technology Inc., Aimvein.com, Evena Medical, ZD Medical Inc., SIFSOF LLC, IBIS Medical, Infinium Medical Inc., Shenzhen Bestman Instrument Co. Ltd., DermLite LLC, Novarix Ltd., Wuxi Biomedical Technology Co. Ltd., Vino Optics.

North America was the largest region in the vein illumination devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vein illumination devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the vein illumination devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The vein illumination devices market consists of revenues earned by entities by providing services such as installation and setup, maintenance and repair, training and education, and technical support. The market value includes the value of related goods sold by the service provider or included within the service offering. The vein illumination devices market also includes sales of handheld vein finders, portable vein imaging systems, and wearable vein visualization devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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