Sales of Vein Finders is Slated to Expand at Around 17% CAGR till 2027 Driven by rising rapidly ageing population and increase in obesity

The vein finders market is predicted to garner considerable traction during the forecast period of 2019-2027 with an alarming rise in obesity numbers and an increase in the geriatric population being the prime growth factors. The vein finders market is pinning hopes on the growing influence of vein finders in hospitals and clinics on a large scale. Vein finders help physicians and clinicians to locate a vein easily and assist in providing useful information for vascular access procedure. In addition, many people prefer to not go under the needle for vein detection. Therefore, the growing demand for needleless technology is proving to be a boon for the vein finders market.

A large chunk of the geriatric population suffers from various chronic diseases, thus leading to hospitalization. This leads to an increase in the use of vein finders. Hence, the rise in the hospitalization of the geriatric population is proving to be a good growth generator for the vein finders market.

According to Transparency Market Research (TMR), the vein finders market expects to expand at a CAGR of 17 percent across the forecast period of 2019 to 2027. The global vein finders market was valued at 150.9mn in 2018.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 (𝐔𝐬𝐞 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐌𝐚𝐢𝐥 𝐈𝐝 𝐟𝐨𝐫 𝐐𝐮𝐢𝐜𝐤 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐞) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=66560

𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬 𝐨𝐟 𝐕𝐞𝐢𝐧 𝐅𝐢𝐧𝐝𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

Technological innovations have become a frequent phenomenon in the vein finders market as numerous healthcare professionals depend on vein finders for efficient detection and treatment. The manufacturers in the vein finders market are coming up with novel technologies and innovations that accelerate the growth rate of the vein finders market to a great extent.

Technologies like vein visualization are emerging as star contributors for increasing the growth rate of the vein finders market. The AccuVein Vein Finder makes use of vein visualization technology. This device uses Near-infrared technology (NIR) imaging for vein detection, thus causing accurate visualization of veins under the skin. AccuVein makes use of two barcode-scanner class lasers that are safe for the skin. The two lasers work together to provide a real-time image of the subcutaneous vasculature. The red laser enables vein mapping possible.

Another instance of cutting-edge technological innovation in the vein finders market is PEDI2, a device that is specifically designed to avoid children from the unnecessary suffering from needles and is the only device that delivers one-stick success. The vein finders lock in place during needle sticks and prevent vein rolling. It is also packed with other features like longer battery life, 29 percent larger opening for vein imaging as well as 3-way brightness control.

The rising threat of COVID-19 is bringing patient self-care to the center stage. Therefore, a blend of mHealth with vein finders may create a great growth opportunity for the vein finders market. Path-breaking mobile applications to scan the skin of the patients are steering the vein finders market toward growth.

Key players in the vein finders market include AccuVein Inc., Near Infrared Imaging Inc., B Braun Melsungen AG, Christie Medical Holding Inc., Venoscope, Koninklijke Philips N.V., and Teleflex Incorporated (VeuTek Scientific LLC).

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐕𝐞𝐢𝐧 𝐅𝐢𝐧𝐝𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

Geographically, the vein finders market is segmented into Latin America, Asia Pacific, the Middle East and Africa, Europe, and Asia Pacific. North America is predicted to record stellar growth across the forecast period due to factors like an increase in cosmetic surgeries and the prevalence of obesity among the general populace. Preference of people toward minimizing bruises through needleless technology is also finding its way through growth. Asia Pacific is also expecting steady growth during the forecast period due to frequent blood tests. Europe may also observe substantial growth due to rising obesity cases.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 | 𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭 - https://www.transparencymarketresearch.com/checkout.php?rep_id=66560<ype=S

This review is based on TMR's report titled "Vein Finders Market (Type - Active Vein Finders, Passive Vein Finders; Application - Blood Draw/Venipuncture, IV Access; End user - Hospitals and Ambulatory Surgical Centers, Specialized Clinics, Blood Donation Centers) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027"

𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐯𝐞𝐢𝐧 𝐟𝐢𝐧𝐝𝐞𝐫𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐜𝐚𝐧 𝐛𝐞 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐛𝐲:

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧

North America
Latin America
Europe
The Middle East and Africa
Asia Pacific

𝐁𝐲 𝐓𝐲𝐩𝐞

Active Vein Finders
Passive Vein Finders

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Blood Draw/Venipuncture
IV Access
Others

𝐄𝐧𝐝-𝐮𝐬𝐞𝐫

Hospitals & Ambulatory Surgical Centers
Specialized Clinics
Blood Donation Centers
Others

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -

𝐃𝐢𝐬𝐢𝐧𝐟𝐞𝐜𝐭𝐚𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/news-release/2022/05/04/2436017/0/en/Disinfectants-Market-to-Expand-at-CAGR-of-7-1-During-Forecast-Period-Notes-TMR-Study.html

𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐃𝐞𝐯𝐢𝐜𝐞 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.com/news-releases/medical-device-technologies-market-to-expand-at-cagr-of-4-3-during-forecast-period-notes-tmr-study-301515758.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

Nikhil Sawlani
Transparency Market Research Inc.
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