Press release
Vein Illumination Devices Market Size Forecasted To Achieve $1 Billion By 2029 With Steady Growth
Vein Illumination Devices
What Is the Vein Illumination Devices Market Size and Projected Growth Rate?
The vein illumination devices market is projected to grow from $0.55 billion in 2024 to $0.62 billion in 2025 at a CAGR of 13.0%. The growth in recent years is driven by the increased use of these devices during the pandemic for venous access in COVID-19 patients, growing awareness among healTH*Care professionals, rising healTH*Care expenditures, patient education programs, and the increasing use of intravenous drugs, both medically and illicitly.
The vein illumination devices market is set to grow rapidly, reaching $1 billion by 2029 at a CAGR of 12.6%. The growth is attributed to rising healTH*Care infrastructure investments, better training for medical staff, cost efficiency, increased demand for venipuncture assistance, and growing use in remote and home healTH*Care for patients needing regular venous access. Trends include miniaturization and wearable devices, wireless connectivity features, augmented reality (AR) solutions, hybrid imaging technologies, and holographic projection.
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What Are the Major Segments in the Vein Illumination Devices Market?
The vein illumination devices market covered in this report is segmented -
1) By Product Type: Table-Top Devices, Hand-Held Devices
2) By Technology: Transillumination, Near Infrared Illumination, Ultrasound Technologies
3) By Application: Intravenous Access, Blood Draw, Venipuncture Assistance, Sclerotherapy, Other Applications
4) By End-User: Hospitals And Clinics, Rehabilitation Facilities, Blood Donation Camps, Academic Institutions, Nursing Homes, Other End-Users
Subsegments:
1) By Table-Top Devices: Desktop Or Stationary Vein Illuminators, Wall-Mounted Vein Illumination Systems
2) By Hand-Held Devices: Portable Vein Illuminators, Mobile Or Compact Vein Detection Devices
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What Are The Driving Vein Illumination Devices Market Evolution?
The increasing prevalence of venous diseases is expected to drive the vein illumination devices market. Conditions like deep vein thrombosis and varicose veins can impair blood flow and cause pain. Vein illumination devices improve visibility and safety in procedures such as intravenous access, blood draws, and sclerotherapy. The Nuffield Trust reported a 21% increase in venous thromboembolism cases between 2019 and 2021, highlighting the rising prevalence of venous diseases and the demand for vein illumination devices.
Which Firms Dominate The Vein Illumination Devices Market Segments?
Major companies operating in the vein illumination devices market are Siemens Healthineers, Koninklijke Philips N.V., Baxter International Inc., Olympus Corporation, B. Braun Medical Inc., AngioDynamics, Canon Medical Systems Corporation, Veinlite, AccuVein Inc., Delta Medical International Ltd., Christie Medical Holdings Inc., Venoscope, Near Infrared Imaging, BLZ Technology Inc., Aimvein.com, Evena Medical, ZD Medical Inc., SIFSOF LLC, IBIS Medical, Infinium Medical Inc., Shenzhen Bestman Instrument Co. Ltd., DermLite LLC, Novarix Ltd., Wuxi Biomedical Technology Co. Ltd., Vino Optics
What Vein Illumination Devices Market Trends Are Gaining Traction Across Different Segments?
Companies in the vein illumination devices market are advancing near-infrared vascular imaging technologies to improve medical procedure accuracy. In April 2022, Christie Medical Holdings launched VeinViewer, an advanced near-infrared device that projects real-time HD images of veins, providing better accuracy in procedures and enhancing the experience in plasma donation centers.
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Which Is The Largest Region In The Vein Illumination Devices Market?
North America was the largest region in the vein illumination devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vein illumination devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Vein Illumination Devices Market?
2. What is the CAGR expected in the Vein Illumination Devices Market?
3. What Are the Key Innovations Transforming the Vein Illumination Devices Industry?
4. Which Region Is Leading the Vein Illumination Devices Market?
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