The consistent research into optics and the subsequent product development has also been vital for the growth of the vein illuminator market. Developing vein illumination devices that can identify the veins within an error margin of less than 100 microns is likely to be a key target for players operating in the global vein illuminator market over the forecast period.

Market Research Future (MRFR) has announced a new release on the global vein illuminator market. The report analyzes the historical growth patterns of the global vein illuminator market and presents a solid analysis of the market’s key growth drivers and restraints. Based on this platform, the report presents reliable projections and actionable insights about the market’s likely growth trajectory over the forecast period from 2017 to 2023.

Vein Illuminator Market is expected to register 28.6% CAGR during the forecast period of 2019 to 2025 and held a market value of USD 60.6 Million in 2018.

The global vein illuminator market is driven mainly by the growing need for injections and the growing popularity of blood donations, which has made donor safety a highly important topic in the medical community. The growing number of blood donation events and the increasing number of assisted living centers are also likely to be major drivers for the global vein illuminator market over the forecast period.  

Segmentation:

The global vein illuminator market is segmented by technology, end use, and region in the report.

By technology, the global vein illuminator market is segmented into trans-illumination, infrared illumination, ultrasound, and others.

By end use, the global vein illuminator market is segmented into hospitals, blood donation camps, research and academic applications, and others.

Regional Analysis:

The global vein illuminator market has been segmented on the basis of geography into North America, Europe, Asia Pacific, and the Middle East and Africa.

North America is likely to dominate the global vein illuminator market over the forecast period due to the advanced state of the healthcare sector in the region and the increasing need for injections. The growing prevalence of obesity in the U.S. is also likely to be a major driver for the vein illuminator market over the forecast period. Optics technology has also been researched at a steady pace in the region, which is further aiding the growth prospects of the vein illuminator market in North America. The advanced healthcare infrastructure in North America allows for easy and quick incorporation of novel technology, which is likely to be a major driver for the North America market for vein illuminator devices over the forecast period.

Europe is also likely to play a leading role in the global vein illuminator market’s development over the forecast period due to the steady advancement of the healthcare sector in developed countries such as the UK, Germany, and France.

Asia Pacific is likely to exhibit rapid growth in the vein illuminator market over the forecast period due to the increasing popularity of blood donation camps and the increasing need for injections to treat various medical conditions. Japan, China, and India are likely to be the leading country-level markets within Asia Pacific over the forecast period.

Competitive Analysis:

Leading players in the global vein illuminator market include Infrared Imaging Systems Inc., Venoscope LLC, Near Infrared Imaging Inc., TransLite LLC, Aimvein Ltd., AccuVein Inc., Sharn Anesthesia, Christie Medical Holdings Inc., and VueTek Scientific LLC.

Industry Updates:

In March 2018, Mark Twain’s Cancer Center in San Andreas, CA, introduced a new vein visualization technology from AccuVein.