Rising Venous Disease Prevalence on the Vein Illumination Devices Market: Powering Innovation and Expansion in the Vein Illumination Devices Market by 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Vein Illumination Devices Market Through 2025?
The market size for vein illumination devices has experienced rapid growth in recent times. Its value is projected to increase from $0.55 billion in 2024 to $0.62 billion in 2025, reflecting a compound annual growth rate (CAGR) of 13.0%. Factors contributing to this historical growth include an escalated use of these devices for venous access in COVID-19 patients during the pandemic, increased awareness of the advantages of vein illumination devices among healthcare professionals, rising healthcare expenses, patient education drives, and the increase in both medical and illicit intravenous drug usage.

What's the Projected Size of the Global Vein Illumination Devices Market by 2029?
Over the coming years, the market for vein illumination devices is projected to experience a significant surge, swelling to a worth of $1 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 12.6%. Factors contributing to this escalation during the forecast period encompass an increase in health care infrastructure investments, enhanced training and expertness of medical personnel due to access to these devices, cost-effectiveness, growing calls for aid in venipuncture, and a rise in usage within remote and home healthcare contexts for regular venous access patients. Dominant trends within this timeframe are anticipated to be miniaturization and wearable devices, incorporation of wireless connectivity, augmented reality (AR) solution development, hybrid imaging technologies, and the utilization of holographic projection technology.

View the full report here:
https://www.thebusinessresearchcompany.com/report/vein-illumination-devices-global-market-report

Top Growth Drivers in the Vein Illumination Devices Industry: What's Accelerating the Market?
The vein illumination devices market is anticipated to grow due to the rising prevalence of venous conditions such as deep vein thrombosis and varicose veins. Insufficient blood flow in veins attributable to diseases including deep vein thrombosis, chronic venous insufficiency, varicose veins, and venous ulcers can result in manifestations like swelling, pain, and skin changes. Older age can adversely affect vein valves, leading to reduced blood flow and resulting in vein-related disorders. Furthermore, certain hormonal changes linked to menopause or medication effects like birth control pills can influence vein function. Vein illumination devices augment the management of vein diseases by increasing vein visibility, thus enabling more accurate and safer procedures like intravenous access, blood draws, and sclerotherapy. This reduces complications and enhances patient outcomes. For example, the UK-based Nuffield Trust flagged a considerable increase of 21% in VTE cases from 2019-20 to 2020-21, escalating from 9030 to 10,884 cases in August 2023. Hence, the escalating prevalence of vein diseases like deep vein thrombosis and varicose veins is driving the growth of the vein illumination devices market. The upward trend in minimally invasive procedures is expected to contribute to the growth of the vein illumination devices market. These procedures use small incisions or entry points, which commonly lead to quicker recovery periods and less tissue damage compared to conventional surgical methods. Due to shorter recovery times, lower risk of complications, and better patient comfort, minimally invasive techniques are becoming the preferred choice for diagnosing and treating vein-related conditions. Vein illumination devices assist in these procedures by providing clear visualization of veins, thereby improving accuracy and safety during needle insertions. This reduces potential complications, lessens patient discomfort, and boosts the success rates of venipuncture and catheter placements. For instance, the US-based American Academy of Facial Plastic and Reconstructive Surgery reported in February 2024 that in 2023, 83% of medical procedures were minimally invasive, whereas the remaining 17% were traditional surgeries. The increasing demand for minimally invasive procedures, therefore, is driving the vein illumination devices market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16567&type=smp

What Trends Will Shape the Vein Illumination Devices Market Through 2029 and Beyond?
Leading corporations in the vein illumination devices market are revolutionizing near-infrared vascular imaging technology to significantly boost the precision and effectiveness of medical practices. Advancements in this form of technology augment non-invasive, high-definition viewing of blood vessels, thereby improving diagnosis accuracy and treatment protocols. An exemplar of this is Christie Medical Holdings, a medical device company based in the US, which in April 2022, launched VeinViewer. The VeinViewer is an upgraded version of a near-infrared imaging apparatus that projects live HD images of veins directly on the patient's skin, improving the preciseness and efficiency of medical operations. The device can illuminate veins as deep as 10 mm and is utilized in plasma donation centers to enhance donor satisfaction and the success rate of procedures.

What Are the Main 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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=16567&type=smp

Which Top Companies are Driving Growth in the Vein Illumination Devices Market?
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

Which Regions Will Dominate the Vein Illumination Devices Market Through 2029?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16567

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.