Global Vein Illuminator Market will grow exponentially till 2023, registering a fabulous CAGR throughout the forecast period (2017 – 2023). Augmenting uptake of Intravenous (IV) therapy and the inclusion of peripheral IV catheter as part of the treatment plan in hospitals worldwide is one of the key driving forces behind market growth.
A Vein illuminator or Vein Viewer aids in finding the Intravenous access during paramedical procedures and therefore, addresses accidental needlestick injuries. Most of the time finding the vein becomes challenging depending upon the objective difficulty occurred due to the physical characteristics of the patient such as fatty tissue, skin color, age, etc. further creating a more painful experience for the patient.
To ease such situations, many novel devices have been invented to help paramedical personnel and nurses finding the veins in real-time and determine the best point of insertion of the needle. Creating a digital image by means of an infrared detection and light projection technology a vein illuminator thus makes it possible to locate veins, valves, and deep bifurcations up to 15 mm., thereby decreasing pain and anxiety and a minimally invasive experience for the patient.
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Global Vein illuminator Market Top Players:
AccuVein Inc., VueTek Scientific LLC, Infrared Imaging Systems Inc., Venoscope LLC, Near Infrared Imaging Inc., Christie Medical Holdings Inc., Sharn Anesthesia, TransLite LLC, Aimvein Ltd are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global vein illuminator market.
Latest Industry News:
Braun Medical Inc. (US), a leader in infusion therapy and pain management, develops, manufactures, and markets innovative medical products and services to the healthcare industry, showcased its portfolio of innovative products that support successful peripheral intravenous (PIV) access at the Infusion Nurses Society (INS) Annual Meeting and Exhibition.
Along with some novel products such as Introcan Safety, Family of PIV Catheters, VeinViewer, by Christie Medical Holdings, Inc. was a promising product displayed on the show. VeinViewer, a near-infrared vein visualization product designed to provide clinicians with an accurate image of patient veins.
Since B. Braun is committed to the exchange of information and knowledge with nurses and other clinicians to help achieve success in PIV placement and stabilization, the inclusion of VeinViewer was the cherry on the cake.
The alliance between Christie Medical Holdings, Inc. (US), a leading global provider for vein finder technology and B. Braun Medical Inc. The combination of VeinViewer and B. Braun Medical’s line of IV products such as the Introcan Safety IV catheter, STEADYCare extension set with Wedge catheter stabilizer aims to provide an innovative solution to enhance peripheral IV catheter access success.
Vein illuminator Market Segmentation
Global vein illuminator market is segmented into three key dynamics for enhanced understanding.
- Infrared Illumination
- Blood Donation Camps,
- Research and Academics
- North America
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Vein illuminator Market Regional Analysis:
Globally North America market dominates the vein illuminator market with the largest share owing to the faster uptake of new technology and the well-developed hospital infrastructure present in the US and Canada.
Also, increasing adoption of Intravenous (IV) therapy and new technologies that integrate into the process for the assessment, planning, intervention, and evaluation of inserting PIV catheters, are some of the key driving forces behind the vein illuminator market growth. Simultaneously, substantial investments transpired in healthcare to encourage research and development activities are supporting the market growth.
The Europe region accounts for the second-largest vein illuminator market globally, attributing to the recent advancements and the augmenting uptake of the technology in the region. Additionally, the presence of a huge patient population and rising healthcare expenditure facilitates the regional market growth. Also, factors such as government support and funding from the public & private sectors for research & development are expected to fuel the market growth in the region over the assessment period.
Additional factors such as increased uptake of advanced technologies and high healthcare expenditures are substantiating the market growth. Owing to the rising demands for less invasive treatment procedures, the Europe market is expected to create a larger revenue pocket in the global vein illuminator market by 2023. The UK and Germany, backed by the high healthcare coupled budgets, account for the major contributor to the market growth.
The Asia-Pacific region is another lucrative vein illuminator market which is growing rapidly due to the huge patient population and large unmet clinical needs.
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