Vein Illuminator Market Insights: Technological Enhancements, Global Trends and Professional Review Report 2018

Vein Illuminator Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

A Vein illuminator or Vein Viewer aids in finding the Intravenous access during paramedical procedures and therefore, addresses accidental needlestick injuries. Most of the time finding the vein becomes challenging depending upon the objective difficulty occurred due to the particular physical characteristics of the patient such as fatty tissue, skin color, age, etc. further creating a more painful experience for the patient.

VueTek Scientific LLC, Infrared Imaging Systems Inc., Venoscope LLC, Near Infrared Imaging Inc., Christie Medical Holdings Inc., Sharn Anesthesia, TransLite LLC, Aimvein Ltd., and AccuVein Inc. are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global vein illuminator market.

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The rapidly growing market for Vein illuminator is fiercely competitive and fragmented with many well-established as well as small & new entrants forming the competitive edge. Innovation, new technology launch and Brand reinforcement remain the popular trends for the key players in the market. The growth statistics of the market presage the probable heights the market can reach further.

Global vein illuminator market is segmented into three key dynamics for enhanced understanding.

By Technologies  : Trans-Illumination, Infrared Illumination, and Ultrasound among others.

By End-Users       : Hospitals, Blood Donation Camps, Research and Academics, among others.

By Regions           :  North America, Europe, APAC and the Rest-of-the-World.

The rapidly growing market for Vein illuminator is fiercely competitive and fragmented with many well-established as well as small & new entrants forming the competitive edge. Innovation, new technology launch and Brand reinforcement remain the popular trends for the key players in the market. The growth statistics of the market presage the probable heights the market can reach further.

Similarly, the growing numbers of the geriatric population, blood donation camps, assisted living centers and others are some of the dominant drivers of the market. Besides, the technological and product advances such as developments achieved in optics, like greater contrast and resolution, increasing coherence and miniaturization of devices along with the falling prices of these devices are providing impetus to the market growth to an extent.

Market Research Future (MRFR), in its recently published market forecast, asserts that the global vein illuminator market will grow exponentially by 2023, registering a fabulous CAGR throughout the forecast period (2017 – 2023). Augmenting uptake of Intravenous (IV) therapy and the inclusion of peripheral IV catheter as part of the treatment plan in hospitals worldwide is one of the key driving forces behind market growth.

However, lack of availability of funds for treatment coupled with the lack of knowledge about vein illuminator benefits inhibits the market growth. Nevertheless, government initiatives and funding programs, widening rapidly are educating people about the advantages of these procedures and are availing funds for the treatments.

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Globally North America market dominates the vein illuminator market with the largest share owing to the faster uptake of new technology and the well-developed hospital infrastructure present in the US and Canada.

Europe region accounts for the second-largest market for vein illuminator, globally, attributing to the recent advancements and the augmenting uptake of the technology in the region.  Additionally, the presence of a huge patient population and rising healthcare expenditure facilitates the regional market growth. Also, factors such as government support and funding from the public & private sectors for research & development are expected to fuel the market growth in the region over the assessment period.

Additional factors such as increased uptake of advanced technologies and high healthcare expenditures are substantiating the market growth. Owing to the rising demands for less invasive treatment procedures, the Europe market is expected to create a larger revenue pocket in the global market by 2023. The UK and Germany, backed by the high healthcare coupled budgets, account for the major contributor to the market growth.

The Asia-Pacific region is another lucrative market for vein illuminator which is growing rapidly due to the huge patient population and large unmet clinical needs.

Countries such as India, China, and Japan, backed by the rising demand for minimally invasive paramedical procedures and the increasing adoption of new techniques drives the market growth in the region.

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About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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