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Vein Illuminator Device Market Outlook 2017-2024 by Technological Innovations and Futuristic Growth

01-15-2020 07:56 AM CET | Health & Medicine

Press release from: Kenneth Research

Vein Illuminator Device Market Is Projected To Flourish at a CAGR of 24.3% By 2024

Vein Illuminator Device Market Is Projected To Flourish at a CAGR of 24.3% By 2024

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.

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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.

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.

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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.

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., and Others.

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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

By Regions

Global vein illuminator device market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

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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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Contact Us
Kenneth Research
Phone: +1 313 462 0609
Email: Sales@kennethresearch.com

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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