Vein Finders Market to Grow at a CAGR of 17.0% during the Forecast Period 2019 to 2027: TMR Study

Vein finders are indispensable tools utilized by healthcare practitioners during venipuncture procedures to detect invisible veins without causing patient discomfort. These advanced devices aid in identifying veins beneath the skin, facilitating blood drawing and IV access, particularly in challenging patient groups such as geriatric, obese, and individuals with darker skin tones. With the rise in the geriatric population afflicted with chronic illnesses, leading to increased hospitalizations, the demand for vein finders is expected to surge in the coming years.

The global 𝐯𝐞𝐢𝐧 𝐟𝐢𝐧𝐝𝐞𝐫𝐬 𝐦𝐚𝐫𝐤𝐞𝐭, valued at US$ 150.9 million in 2018, is forecasted to grow at a robust CAGR of 17.0% from 2019 to 2027.

𝐆𝐫𝐚𝐛 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=66560&utm_source=OpenPR&utm_campaign=MansiR_OpenPR

The global vein finder market is experiencing remarkable growth from 2019 to 2027, driven by increasing demand stemming from factors such as the rapidly aging population and rising obesity rates. With projections indicating that one in every six people worldwide will be aged 65 and above by 2050, and approximately 2 billion individuals falling within the age group of 62 and older, the need for vein finders is becoming increasingly pronounced. Regions like North America and Europe, particularly countries such as Spain and Italy, will witness a significant rise in their geriatric populations, leading to higher demand for vein finder devices.

This aging demographic is more susceptible to injuries and diseases, often necessitating blood tests and other pathological procedures. Furthermore, individuals of color and those who are obese often face challenges in vein access, underscoring the importance of vein finder technology. The escalating prevalence of obesity, which has tripled since 1975, contributes significantly to the growing demand for vein finders, as obese individuals frequently require medical testing and interventions. As a result, the global vein finder market is poised for substantial expansion over the forecast period to cater to the increasing needs of these demographic groups.

𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬:

Christie Medical Holdings, Inc., AccuVein, Inc., TransLite, LLC, Near Infrared Imaging, Inc., Teleflex Incorporated (VueTek Scientific, LLC), Venoscope, Koninklijke Philips N.V., B. Braun Melsungen AG, VINO Optics, and Becton, Dickinson and Company.

𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐯𝐞𝐢𝐧 𝐟𝐢𝐧𝐝𝐞𝐫𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐚𝐬:

Type

Active Vein Finders
Passive Vein Finders

Application

Blood Draw/Venipuncture
IV Access
Others

End-user

Hospitals & Ambulatory Surgical Centers
Specialized Clinics
Blood Donation Centers
Others

𝐑𝐞𝐠𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

𝐀𝐜𝐪𝐮𝐢𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲:
https://www.transparencymarketresearch.com/checkout.php?rep_id=66560<ype=S&utm_source=OpenPR&utm_campaign=MansiR_OpenPR

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Integration of artificial intelligence (AI) and machine learning algorithms for enhanced vein visualization
Development of portable and handheld vein finders for increased convenience and mobility
Collaborations and partnerships among key players to expand product offerings and market presence

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The vein finders market is poised for significant growth in the coming years, fueled by technological advancements, increasing healthcare expenditure, and expanding applications in various medical procedures. Continued focus on product innovation and strategic collaborations are expected to drive market expansion and meet the growing demand for vein finder devices.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Market size and forecast analysis
Competitive landscape assessment
Technological advancements and product innovations
Regional market dynamics and growth opportunities
Regulatory landscape and market entry barriers

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐆𝐞𝐨𝐬𝐲𝐧𝐭𝐡𝐞𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/01/23/2593219/0/en/Geosynthetics-Market-Value-to-Reach-US-40-7-Bn-by-2031-Transparency-Market-Research-Inc.html

𝐂𝐨𝐮𝐠𝐡 𝐀𝐬𝐬𝐢𝐬𝐭 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/01/24/2594627/0/en/Cough-Assist-Devices-Market-Value-to-Surpass-US-480-7-Million-by-2031-Transparency-Market-Research-Inc-Study.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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