Vein finder is a medical device which is used to detect vein in patients without causing any discomfort. The device also help health professionals in drawing blood or in intra-venous therapy.
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Global Vein Finder Market Drivers
Major players are highly focused on adopting partnerships and collaborations to increase their market share, which is expected to augment the global vein finder market growth. For instance, in April 2017, Christie Medical Holdings Inc., a company focused on developing medical technology, collaborated with B. Braun Medical Inc., a manufacturer of medical products. Under the partnership, both the companies are focused on combining their intravenous therapy related products – Introcan Safety IV catheter and STEADYCare extension set with Wedge catheter stabilizer (manufactured by B. Braun Medical Inc.) and the Vein Viewer (developed by Christie Medical Holdings, Inc.).
Furthermore, key players are participating in conferences, events, and exhibitions related to vein finder, which is again projected to have a positive impact on the global vein finder market growth. For instance, in September 2018, AccuVein Inc. participated in annual scientific meeting of the Association of Vascular Access (AVA) held in Columbus, Ohio. The company exhibited its AV400, a vein viewing system. It is designed especially for children with special healthcare need and is light-weight and portable. It immediately maps the veins when held on the surface of the skin. Thus, such events may broaden the exposure of emerging technology in vascular access, thereby driving the global vein finder market growth.
Advantages of vein finder over venipuncture (the conventional method of vascular access) is projected to fuel the global vein finder market growth. Venipuncture attempts can fail leading to discomfort and pain in patients. It may also lead to bleeding complications such as hematoma (blood clotting under the skin), infections such as cellulitis can occur in tissues on the puncture site, and accidental pricking of a nerve may lead to injuries. It can operate even in dark environment and can help healthcare professionals to accurately find the right vein. Therefore, such benefits of vein finder over venipuncture are expected to boost the global vein finder market growth.
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Global Vein Finder Market Regional Analysis
North America is projected to hold leading position in the global vein finder market owing to increasing initiatives by governments and other organizations associated with vein finder devices are expected to have positive influence on North America vein finder market growth. For instance, in September 2018, Charlotte Eleanor Englehart Hospital Foundation based in Ontario, Canada, started the ‘Smile Cookie Campaign’, a fund raising event. The raised fund was used for purchasing vein finders for Charlotte Eleanor Englehart Hospital. Similarly, in November 2018, NEO Kids Foundation based in Sudbury, Canada, organized a campaign to raise funds for vein viewer. This vein viewer was offered for the kids receiving treatments from the Health Sciences North hospital. Thus, such initiatives are projected to fuel the global vein finder market growth.
Global Vein Finder Market Restraints
High cost of advanced devices is expected to hinder the global vein finder market growth. For instance, Veinlite LEDX, designed by TransLite LLC specifically for sclerotherapy and phlebectomy, costs around US$ 629. Therefore, high prices of vein finders may restrict the global vein finder market growth in emerging regions such as Africa, Latin America, and Asia Pacific.
Global Vein Finder Market Key Players
AccuVein Inc., Christie Medical Holdings, Inc., VueTek Scientific, LLC, Shenzhen Bestman Instrument Co., Ltd., AIMVEIN LTD ., Koninklijke Philips N.V., Venoscope, BLZ Technology Inc., iiSM Inc., and R B Incorporation Healthcare LLC
Global Vein Finder Market Taxonomy
The global vein finder market is segmented on the basis of product type, technology, end user, and region.
By Product Type
- Near Infra-Red Light
- Visible Light Trans-illuminator
By End User
- Diagnostic Centers
- Surgical Centers
- North America
- Latin America
- Asia Pacific
- Middle East
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Vein Finder Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Vein Finder Industry Impact
Chapter 2 Global Vein Finder Competition by Types, Applications, and Top Regions and Countries
2.1 Global Vein Finder (Volume and Value) by Type
2.3 Global Vein Finder (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Vein Finder Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Vein Finder Market Analysis
Chapter 6 East Asia Vein Finder Market Analysis
Chapter 7 Europe Vein Finder Market Analysis
Chapter 8 South Asia Vein Finder Market Analysis
Chapter 9 Southeast Asia Vein Finder Market Analysis
Chapter 10 Middle East Vein Finder Market Analysis
Chapter 11 Africa Vein Finder Market Analysis
Chapter 12 Oceania Vein Finder Market Analysis
Chapter 13 South America Vein Finder Market Analysis
Chapter 14 Company Profiles and Key Figures in Vein Finder Business
Chapter 15 Global Vein Finder Market Forecast (2021-2027)
Chapter 16 Conclusions
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