Global Vein Illumination Device Market 2017-2021

Some of the key findings from our vein illumination device market forecast report are summarized below

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Global vein illumination device market overview

Technavio’s market research analyst predicts that the global vein illumination device market will grow at a CAGR of nearly 26% during the forecast period. Rise in the adoption of medical technologies in hospitals is one of the primary drivers of market growth. With the improvements of healthcare systems, technologies such as MRI machines, artificial organs, and robotic prosthetic limbs are being increasingly used in surgical procedures, for better diagnosis, and improved patient care. Additionally, the utilization of electronic medical records, mobile technologies such as smartphones and tablets, and telehealth services in hospitals are also increasing in number. Furthermore, the rising R&D investments, growth in medical innovations, and intensifying competition in the market is also persuading healthcare organizations to use effective ways to meet patient requirements.

One of the latest trends that will gain traction in the global vein illumination device market is the increasing adoption of medical devices. The usage of medical devices ensure better control and flexibility for the doctors, helps in the reduction of revision surgery, and lowers the pain and discomfort in patients. Medical devices are mainly segmented into cardiovascular, dental, disposable equipment, general equipment, IVD devices, and neurovascular devices. Vein illuminators are a part of the IVD segments of the medical devices and are increasingly used in blood diagnosis and detection.

Key vein illumination devices market vendors

The vein illuminator devices market has a number of vendors competing to gain major market share and is highly competitive. The vendors in the market are enhancing their product lines and are increasing their R&D investments to sustain their product standards by maintaining high supply chain levels.

The report offers a detailed analysis of several leading companies, including:

• AccuVein
• Christie Medical Holdings
• TransLite
• Venoscope
• Sharn Anesthesia

Other prominent vendors include AIMVEIN, Illumivein, Ibis Medical Equipment & Systems, Future Med, Qingdao Bright Medical Manufacturing, BLZ Technology (VeinSight), and ZD Medical.    

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Vein illumination device market segmentation by end-user 

• Hospitals
• Blood donation camps
• Research and educational centers

During 2016, the hospitals segment dominated vein locator device market and is expected to continue the dominion over the next four years. The main contributor to the segment’s growth is the rise in demand for blood samples that drive the demand for vein finder devices in hospitals and healthcare centers.   

Vein illumination device market segmentation by geography

• Americas
• APAC
• EMEA

In terms of geography, the Americas led the global vein illumination device market and is foreseen to continue its domination over the next four years as well. The strong presence of medical device companies and the utilization of advanced products for treating patients drives the growth of the market in the Americas.

Key highlights of the global vein illumination device market for the forecast years 2017-2021:

• CAGR of the market during the forecast period 2017-2021
• Detailed information on factors that will accelerate the growth of the vein illumination device market during the next five years
• Precise estimation of the global vein illumination device market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the vein illumination device industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of vein illumination device companies

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