Vein Finder Market Opportunity by 2028 | Leading Players are AccuVein Inc., Christie Medical Holdings, Koninklijke Philips N.V, Osang Healthcare Co. Ltd

Advancements in healthcare technology have fuelled a spate of innovations in medical devices, with top-of-the-line product launches presenting enhanced device functionalities. Innovations in vein finder technology are taking the medical devices sector by storm, with advanced vein finders backed by latest technologies acting as a boon for physicians, nurses, and phlebotomists. The last two years have witnessed notable innovations in vein finder technology, the prominent ones being:

The world’s first slide style palm vein authentication technology was introduced in the vein finder market by Fujitsu Laboratories Ltd. in 2017. This compact technology is capable of being integrated into tablets and benchtop mobile devices.

In 2018, Vino Optics launched the Oxy-Iso Paramedic vein glasses, a pair of sunglasses to help physicians and phlebotomists easily locate veins through enhanced image display by filtering ultraviolet rays. This technology is supposedly beneficial for healthcare professionals suffering from colour blindness, as these vein finders help physicians locate veins by enhancing their ability to view reds and greens.

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“Innovations like these are expected to increase adoption of advanced vein finders in hospitals and healthcare establishments, leading to significant revenue growth of the global vein finder market. Our analysis of the performance of the vein finder market reveals an absolute $ opportunity of US$ 3.0 Mn between 2018 and 2019 and the global market is estimated to register a stellar growth rate of 10.7% in the coming decade.” --- Practice Head – Healthcare & Medical Devices, Future Market Insights

Vein Finder Market Structure Overview: Regional Focus to Bolster Global Market Growth

An overview of the market structure of the global vein finder market reveals a strong regional presence of top market companies as well as local players. Leading companies operating in the global vein finder market are leveraging acquisitions as a primary strategy to facilitate regional market expansion. Future Market Insights analysis also observes a strong focus by vein finder companies on R&D for new product development and expansion of the existing product line in key regional growth markets.

“Implementation of inorganic growth strategies is seen as the way forward to penetrate key growth markets across certain developing regions. Companies in the vein finder market with diversified product offerings are collaborating with local regional players to introduce low-cost vein finder products in order to cement their presence across top regional markets.”

In 2017, the leading three companies in the global vein finder market held a revenue share of about 56% while the remaining players contributed about 44% market share. New product development is a key strategy adopted by players in the global vein finder market to increase their brand value. Rising difficulties associated with peripheral venous access and venepuncture is one of the primary factors boosting growth of the vein finder market and key players are capitalizing on the growth drivers to increase their market share.

Future Market Insights predicts lucrative revenue growth in the various regional markets of Europe and Asia Pacific Excluding Japan. Europe will likely remain the top market for sales of vein finder devices owing to increasing adoption of vein finder across hospitals and clinics to locate veins for drawing blood samples, IV insertions, and other vascular procedures.

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Portable Vein Finder to Garner Maximum End User Demand; Infrared Technology to Register Fastest Growth in Revenue, Reveals Future Market Insights

Portable vein finders are likely to be the most preferred product type in the global vein finder market, registering impressive demand as well as sales growth in the coming decade. The convenience and ease of use offered by portable vein finders is the primary factor boosting adoption across hospitals, clinics, and other healthcare institutions. The global vein finder market is fuelled by advanced technology with infrared technology being the most adopted in vein finders. Among the various end users of vein finders, hospitals are likely to exhibit the highest demand in the next 10 years, also contributing to maximum revenues in the global vein finder market.

Vein Finder Market Reports - Table of Contents
Executive Summary

Market Overview

Market Analysis

MR Analysis and Recommendations

Wheel of Fortune

Market Introduction

Market Introduction

Market Definition

Market Taxonomy

Mega Trends in Vein Finder Market

Market Dynamics

Growth Drivers and Impact Analysis

Industry Challenges and Impact Analysis

Industry trends and Impact analysis

Opportunity Assessment in Vein Finder Market

Macro - Economic Factors influencing demand

Global Vein Finder Market Analysis and Forecast

Global Vein Finder Market Outlook

Market Value(US$ Mn) and Volume Forecast and Analysis

Price Index and Price Point Assessment, By key Products

Regional Demand Assessment

Market Value Share by Region

Global Vein Finder Market Analysis by Product

Handheld

Benchtop

Vein Finder Market Analysis by Technology

Ultra violet

Infra-Red

Ultrasound

Vein Finder Market Analysis by End User

Hospitals

Clinics

ASCs

Diagnostic Centres and Path Labs

Veterinary Clinics

Home Care Settings

Blood Bank

North America Vein Finder Market Analysis

Introduction

North America Business Outlook

North America Vein Finder Market Outlook

North America Vein Finder  Market Outlook

Market Value(US$ Mn) Forecast and Analysis

Country Wise Demand Assessment

US Market Value Share

Canada Market Value Share

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