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