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Vein Illuminator Market Size, Share analysis, Growth, Trends And Industry Forecast 2023-2032 | AccuVein Inc., CAREstream Group, Sharn Anesthesia Inc., Infrared Imaging LLC, Near Infrared Imaging
Vein Illuminator Market Report
The Business Research Company's Vein Illuminator Global Market Report 2023 identifies the increasing incidence of vein diseases as the major driver for the vein illuminator market's growth in the forecast period. A vein disease is a common vascular disorder called vein disease that causes the veins to build up a lot of pressure affected by varicose veins. Blood vessel injury, caused by trauma, intravenous catheters or needles, chemotherapeutic agents, infectious organisms, pregnancy, and varicose veins are associated with a higher risk of superficial thrombophlebitis and causes vein disease, vein illuminators are required for healthcare providers to increase the ability of diagonalization of the disease.
The global vein illuminator market size is expected to grow from $19.74 billion in 2022 to $24.05 billion in 2023 at a compound annual growth rate (CAGR) of 21.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global vein illuminator market size is expected to reach $53.27 billion in 2027 at a CAGR of 22.0%.
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Major competitors in the vein illuminator market are AccuVein Inc., CAREstream Group, Sharn Anesthesia Inc., Infrared Imaging LLC, Near Infrared Imaging.
A key trend in the vein illuminator market includes technological advancement. Major companies operating in the market are focused on research and development for product innovations to offer additional benefits for the customers. Such product innovations enable companies to gain a competitive edge in the market. For instance, in April 2022, ImmunoTek Bio Centers, a US-based biotech company launched VeinViewer® technology in its two divisions - ImmunoTek Plasma and Freedom Plasma. It provides a clear look at a donor's veins before the needle is inserted which helps to withdraw blood that is then divided into separate parts during a process called plasmapheresis.
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The vein illuminator market is segmented -
•By Technology: Near-Infrared Illumination, Transillumination, Ultrasound Technologies
•By Application: Intravenous Access, Blood Draw, Other Applications
•By End User: Hospitals, Rehabilitation Centers, Blood Donation Camps, Academic Institutions
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the vein illuminator market.
The Business Research Company's "Global Vein Illuminator Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Vein Illuminator Market Include:
1. Executive Summary
2. Vein Illuminator Market Characteristics
3. Vein Illuminator Market Trends And Strategies
4. Vein Illuminator Market - Macro Economic Scenario
5. Vein Illuminator Market Size And Growth
……
26. Africa Vein Illuminator Market
27. Vein Illuminator Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vein Illuminator Market
29. Vein Illuminator Market Future Outlook and Potential Analysis
30. Appendix
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