Global Vein Illuminator Device Market Is Projected To Flourish at a CAGR of 24.3% By 2024 – Top Key Players AccuVein Inc., Infrared Imaging Systems Inc., others

Vein illuminator device is a medical healthcare device which is used to locate the veins on the skin. This device uses infrared to illuminate the vein on the surface of the skin. Vein illuminator devices are generally used in hospitals, clinics, blood donation camps and nursing homes. These devices are useful in detecting the veins of elderly person and obese person.

Market Size and Forecast

Global vein illuminator device market is projected to flourish at a CAGR of 24.3% during the forecast period. Further, the market of vein illuminator device was held at USD 38.2 Million in 2016. Increasing investment in healthcare across the globe is expected to foster the growth of the global vein illuminator device market during the forecast period.

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In the regional platform, North America dominated the overall market of vein illuminator in 2016. Further, North America is anticipated to continue its dominance over the forecast period. Rising spending on healthcare is the key growth factor of vein illuminator device market in the North America region. Beside this, increasing healthcare infrastructure in the region is likely to swell the demand for the vein illuminator device. U.S. leads the overall vein device illuminator market with more than 80% market share. Rapid adoption of advanced and innovative healthcare products is believed to strengthen the growth of vein illuminator device in the country. Europe region is forecasted to showcase significant growth during the forecast period. This can be attributed to rising disposable income of the population. Further, rules and laws to strengthen the public health are likely to foster the growth of vein illuminator device in the region.

Asia Pacific is anticipated to grow at a significant pace during the forecast period. Increase in healthcare budget by the government is likely to drive the growth of vein illuminator device market in the emerging economies of the region. Further, rising adoption of technologically advanced and innovative healthcare products by the hospitals is likely to spur the demand for vein illuminator device during the forecast period.

On the basis of the end user, global vein illuminator market has been segmented into hospitals, blood donation banks, rehabilitation centers, nursing homes, academic institutions and others. Hospitals segment dominated the overall market of vein illuminator market owing to the heavy adoption of advanced and innovative healthcare products.

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Leading Key Players of Global Market:

AccuVein Inc., Infrared Imaging Systems Inc., VueTek Scientific LLC, Venoscope LLC, Christie Medical , oldings Inc., Near Infrared Imaging Inc., Sharn Anesthesia, TransLite LLC, Venoscope LLC, Aimvein Ltd., Scope and Context

Market Segmentation

Our in-depth analysis has segmented global vein illuminator device market into the following segments:

By Type

Near Infrared Vein Illuminator
Venous Translucence Vein Illuminator
Others
By End User

Hospitals
Blood Donation Banks
Rehabilitation Centers
Nursing homes
Academic Institutions
Others
Growth Drivers & Challenges

Global pressure relief mattress market is primarily driven by factors such as rising prevalence of ulcer diseases and growing geriatric population all across the world. Pressure relief mattress is highly used in care & treatment of patients who are unable to change their position such as obese patients. Moreover, the demand for pressure relief mattress is expected to rise during the forecast period owing to increasing number of bed bound patients all over the globe.

Further, growing enhancement of health care infrastructure in emerging countries is a key driver to the growth of global pressure relief mattress. Additionally, growing technological advancements with pressure relief mattress and their growing demand from hospitals are anticipated to escalate the growth of global market during the forecast period.

Likely, increasing disposable income of the consumers, growing affordability and rising expenditure on health care are expected to be dynamic factors behind the growth of global pressure relief mattress market.

However, high cost of pressure relief mattress is a major challenge to the global market. Further, this high cost of pressure relief mattress is likely to hamper the growth of global market of pressure relief mattress in near future.

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