Global Vein Illuminator Market

Vein Illuminator Market Size, Share, Growth Analysis, By Type(Handheld Vein Illuminators and Fixed Vein Illuminators.), By Application(Blood Draw, Intravenous Access, Pediatric Care, Geriatric Care and Emergency Medicine.), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35A2296 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 62 | Figures: 75

Vein Illuminator Market News

  • In May 2023, VisulaVen announced that it had received CE Mark for its new vein illuminator, the VisulaVen 2.0. The VisulaVen 2.0 is a handheld device that uses near-infrared illumination to visualise veins.
  • In April 2023, Veena Solutions announced that it had signed a partnership agreement with the University of Pennsylvania. The partnership will focus on the development of new vein illuminator technologies.
  • In March 2023, VEINlite announced that it had launched its new vein illuminator, the VEINlite 7. The VEINlite 7 is a handheld device that uses near-infrared illumination to visualise veins.
  • In February 2023, LiVE Vein announced that it had raised $10 million in Series A funding. The funding will be used to scale up production of the company's vein illuminator, the LiVE Vein 4D.
  • In January 2023, AccuVein announced that it had received FDA clearance for its new vein illuminator, the AccuVein AV400. The AV400 is a handheld device that uses near-infrared illumination to visualise veins.
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Vein Illuminator Market size was valued at USD 2.21 billion in 2022 and is poised to grow from USD 2.87 billion in 2023 to USD 23.44 billion by 2031, growing at a CAGR of 30% in the forecast period (2024-2031).

The global vein illuminators market is highly competitive, with several key players striving to gain a significant market share. Vein illuminators are medical devices used to locate veins beneath the skin's surface, assisting healthcare professionals in various clinical settings, including hospitals, clinics, and ambulatory surgical centres. This competitive landscape provides a general overview of the market dynamics, key strategies, and areas of focus for the companies operating in this space. 'AccuVein Inc. (US)', 'Christie Medical Holdings, Inc. (US)', 'TransLite LLC (US)', 'Venoscope LLC (US)', 'Near Infrared Imaging Inc. (US)', 'Sharn Anesthesia (US)', 'Venoscopes, LLC (US)', 'Venoscope, LLC (US)', 'Infrared Imaging Systems Inc. (US)', 'Infrared Imaging Solutions, LLC (US)', 'Evena Medical Inc. (US)', 'VueTek Scientific LLC (US)', 'Aimvein Ltd. (UK)', 'AccuVein Europe BV (Netherlands)', 'Veinlite, Christie Medical Holdings (US)', 'ZD Medical Inc. (China)', 'ZeniLite Fusion (US)', 'Optics Medical (Australia)', 'Becton, Dickinson and Company (US)', 'Smiths Medical Inc. (US)'

Vein illuminators play a vital role in enhancing the visualisation of veins and improving the precision of venipuncture procedures. The growing requirement for accurate and successful venipuncture has led to a rise in the adoption of vein illuminators, especially in critical care settings, blood banks, and emergency departments.

The increasing adoption of vein illuminators in the home healthcare setting is a key market trend. This is due to the rising number of elderly people and people with chronic diseases who are being treated at home. Vein illuminators can help to make vein access easier and less painful for patients, which can improve the quality of care and reduce the risk of complications. The home healthcare market is expected to grow at a significant CAGR during the forecast period due to the rising adoption of vein illuminators in this setting. This is being driven by a number of factors, including the increasing number of elderly people and people with chronic diseases who are being treated at home, the growing demand for minimally invasive procedures, and the increasing awareness of the benefits of vein illuminators.

In terms of market dominance, North America holds a prominent position in the global vein illuminator market. The region benefits from well-established healthcare infrastructure, technological advancements, and high healthcare expenditure. Moreover, the presence of key market players and ongoing research and development activities contribute to the dominance of North America in this market. The US, in particular, accounts for a significant share of the market due to its robust healthcare system and early adoption of advanced medical technologies.

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Global Vein Illuminator Market

Report ID: SQMIG35A2296

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