An Incisive, In-depth Analysis on the Vein Finder Market
This study offers a comprehensive, 360 degree analysis on the Vein Finder market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Vein Finder market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Leading Manufacturers Contribute 56% of the Revenue in the Vein Finder Market
The vein finder market is largely dominated by few major manufacturers who are competing on the basis of advancement and pricing in the vein finder market. The fragmented nature of the vein finder market decreases the profitability of the business. However, the introduction of the novel device by manufacturers and the growing patient and healthcare professional satisfaction with the use of vein finder, are factors expected to boost the growth of the vein finder market. Companies such as Accuvein, Christie Medical Holdings, and OSANG Healthcare Co., Ltd. hold 56% of the revenue share in the global vein finder market.
Excellence in Customer Satisfaction and Increasing Adoption of Vein Finder
Hospitals have achieved higher customer satisfaction after using a vein finder in their facility for IV insertion and to draw blood. Vein finders help physicians and nurses to locate and access the vein easily and provide valuable information for the vascular access procedure. A vein finder increases the chances of drawing blood and inserting IV in the first attempt. This has reduced the use of multiple needles to draw blood and subsequently the pain and discomfort caused during IV insertion and blood drawing. This has, in turn, helped hospitals gain customer satisfaction and acts as the driving factor for the growth of the vein finder market.
Expansion in End Users and Applications of Vein Finder
Vein finders are very useful in hospitals, ambulatory surgical centers, outpatient clinics, diagnostic labs, and home care settings. Additionally, a vein finder is also useful at veterinary clinics. The device is not only used for spotting veins in humans, but also in animals as well. A vein finder allows simple needle insertion in the veterinary setting, reducing the challenges faced during such operations and therefore allowing more comfort to the animal. Vein finders are easy to use and save valuable time for both nurses and patients. The end-user expansion is boosting the market growth of vein finders.
Emerging Field of Mobile Health and Technology in Nursing Education
In future, Mobile health (mHealth) has huge potential to restructure healthcare delivery. Technological advances in smartphone hardware and software have shown exponential growth in the market. Mobile health is expected to play an important role in patient self-care as smartphone ownership is rising globally. It is estimated that more than 259,000 mHealth apps were accessible on app stores and accounted for approximately 3.2 billion downloads in 2017. Nowadays, innovative mobile apps that use sophisticated software to scan the skin of the patients have entered the market. User-friendly image platforms provide vein lining images to the physicians and nurses. These vein illumination mobile apps can be used by nursing practices and educational institutes.
Increased Opportunities in the Cosmetic Industry
Over the past years, the number of cosmetic surgeries among the aging population has increased. Procedures like tightening of the skin, facelift, facial & body contouring, eyelid lift, brow lift, etc. are very popular. Based on the data by the International Society of Aesthetic Plastic Surgery, cosmetic procedures and cosmetic surgery injectable increased by around 8% and 11%, respectively, in 2016. This rise in the no. of procedures increases the need for vein finder devices. However, the venipuncture technique is fairly common for cosmetic surgeries. There is a need for vein finder devices to improve their efficiency and reduce the probability of error. Vein finders help to locate facial veins to avoid bruising while performing procedures such as facial injectable.
Competitive Landscape of the Global Vein Finder Market
The competition section of the vein finder market features the profiles of the key players competing in the vein finder market based on their differential market strategies, market shares, product offerings, marketing approach, and company dashboard. Some of the key players featured in this report include AccuVein Inc., Christie Medical Holdings, Koninklijke Philips N.V, Osang Healthcare Co. Ltd, Teleflex Inc. (Acq. VueTek Scientific, LLC.), TransLite, LLC, ZD Medical, Vivolight, Venoscope LLC, and Shenzhen Bestman Instruments Co., Ltd.
The key manufacturers offer advanced vein finders. AV400 vein illuminator by AccuVein Inc. allows healthcare professionals to map veins on the patient’s skin by improving vascular access procedures such as IV insertion, blood drawing for testing and blood donation and avoiding veins for patients undergoing cosmetic injectable procedures.
Vein finder is a type of device used in the visualization of veins for venepuncture and cannulation. A vein finder is an innovative device that helps healthcare professionals find veins for intravenous insertion and blood draws. Vein finders create a real-time visual mapping of veins on the skin surface by using various technologies such as ultraviolet, infrared, and ultrasound.
About the Report
The company conducted a research study on the vein finder market for the forecast period 2018 to 2028. The report offers a comprehensive evaluation of the business opportunities prevailing in the vein finder market along with insights on the procedure performed, installation of device, disease incidences, and awareness level for vein finder and vein finder market competition. The report elaborates the macroeconomic factors influencing the dynamics of the vein finder market and its futuristic potential.
The report offers a comprehensive taxonomy of the vein finder market based on product type, technology, end-user and region. The products in the vein finder market are sold as portable and benchtop. The technologies in the vein finder market are ultraviolet, infrared rays, and ultrasound. The end-user segments in the vein finder market include hospitals, clinics, ambulatory surgical centers, diagnostic centers and path labs, veterinary clinics, home care settings, and blood banks.
Additional Questions Answered
Some of the additional questions addressed in this report on the vein finder market-
What is the revenue potential of the vein finder market across North America and Europe?
Who are the key competitors and what are their portfolios in the vein finder market?
What are the major challenges influencing the growth of the vein finder market?
How intervention from key regulations is shaping the growth of the vein finder market?
The vein finder market has been estimated based on a supply-demand approach. The vein finder market was first calculated based on vein finders used in hospitalized patients from different region/countries. The installed number of vein finders was estimated based on the average installation of vein finder per hospital in top the 20 countries globally. Other qualitative factors analyzed include awareness level of the device, life span, key regulations, average price of the system, and others. This information is further validated with rigorous primary research (including interviews, surveys, in-person interactions, and viewpoints of seasoned analysts) and secondary research (including verified paid sources, authentic trade journals, and resourceful databases). The research study on vein finder market also includes top trends and macro as well as microeconomic factors shaping the vein finder market.
A recent market study published by the company – 'Vein Finder Market: Global Industry Analysis 2013-2017 & Opportunity Assessment 2018-2028', consists of a comprehensive assessment of the most important market dynamics. On conducting a thorough research on the historic as well as current growth parameters of the vein finder market, growth prospects of the market are obtained with maximum precision. The report features unique and salient factors that may have a huge impact on the development of the vein finder market during the forecast period. It can help market players modify their manufacturing and marketing strategies to envisage maximum growth in the vein finder market in the upcoming years. The report provides detailed information about the current and future growth prospects of the vein finder market in the most comprehensive way for the better understanding of readers.
Chapter 1 – Executive Summary
The report commences with the executive summary of the vein finder market, which includes the summary of key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the vein finder market.
Chapter 2 – Market Overview
Readers can find detailed taxonomy and the definition of the vein finder market in this chapter, which helps them understand the basic information about the vein finder market dynamics, pricing analysis, list of key manufacturer, and key regulation policies included in the report.
Chapter 3 – Global Vein Finder Market Analysis 2013-2017 & Opportunity Assessment 2018-2028 by Product Type
Based on product type, the vein finder market is segmented into portable and benchtop vein finders. In this chapter, readers can find information about key trends and developments in the vein finder market, and market attractive analysis based on product type.
Chapter 4 – Global Vein Finder Market Analysis 2013-2017 & Opportunity Assessment 2018-2028 by Technology
Based on technology, the vein finder market is segmented into ultraviolet, infrared, and ultrasound. In this chapter, readers can find information about key trends and developments in the vein finder market, and market attractive analysis based on technology.
Chapter 5 – Global Vein Finder Market Analysis 2013-2017 & Opportunity Assessment 2018-2028 by End User
Based on end user, the vein finder market is segmented into hospitals, clinics, ambulatory surgical centers, diagnostic centers and path labs, veterinary clinics, home care settings, and blood banks. In this chapter, readers can find information about key trends and developments in the vein finder market, and market attractive analysis based on end user.
Chapter 6 – Global Vein Finder Market Analysis 2013-2017 & Opportunity Assessment 2018-2028 by Region
This chapter explains how the vein finder market will grow across various geographic regions such as North America, Latin America, Europe, Asia Pacific Excluding Japan (APEJ), Japan, and the Middle East & Africa (MEA).
Chapter 7 – North America Vein Finder Market Analysis 2013-2017 & Opportunity Assessment 2018-2028
This chapter includes detailed analysis of the growth of the North American vein finder market, along with a country-wise assessment, including the U.S. and Canada. Readers can also find regional trends and market growth based on product type, technology, end user, and country of vein finders in North America.
Chapter 8 – Latin America Vein Finder Market Analysis 2013-2017 & Opportunity Assessment 2018-2028
Readers can find detailed information about factors such as pricing analysis and regional trends that are impacting the growth of the Latin American vein finder market. This chapter also includes the growth prospects of the vein finder market in leading LATAM countries such as Brazil, Mexico, and the Rest of the Latin America region.
Chapter 9 – Europe Vein Finder Market Analysis 2013-2017 & Opportunity Assessment 2018-2028
Important growth prospects of the vein finder market based on product type and application in several European countries, such as the U.K., Germany, France, Italy, Nordic, and the rest of Europe are included in this chapter.
Chapter 10 – CIS & Russia Vein Finder Market Analysis 2013-2017 & Opportunity Assessment 2018-2028
This chapter includes the growth prospects of the vein finder market in leading Eastern European countries and regions, such as CIS Countries and Russia.
Chapter 11 – APEJ Vein Finder Market Analysis 2013-2017 & Opportunity Assessment 2018-2028
China, India, ASEAN, Australia and New Zealand, and the Rest of APEJ are the leading countries/regions in APEJ that are the prime subjects of assessment to obtain the growth prospects of the APEJ vein finder market, in this chapter. Readers can find thorough information about the growth parameters of the APEJ vein finder market during the period 2018-2028.
Chapter 12 – Japan Vein Finder Market Analysis 2013-2017 & Opportunity Assessment 2018-2028
Readers can find important factors that can make a huge impact on the growth of the vein finder market in Japan, based on market segmentation, during the forecast period. This chapter provides an overview of the drivers, restraints, and trends in the Japanese vein finder market.
Chapter 13 – MEA Vein Finder Market Analysis 2013-2017 & Opportunity Assessment 2018-2028
This chapter provides information on how the vein finder market is expected to grow in major countries/regions in the MEA region, such as GCC Countries, South Africa, and the Rest of MEA during the period 2018-2028.
Chapter 14 – Competition Landscape, Company Share, and Company Profiles
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the vein finder market, along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. Market players featured in the report include AccuVein Inc., Christie Medical Holdings, Koninklijke Philips N.V, Osang Healthcare Co. Ltd, Teleflex Inc. (Acq. VueTek Scientific, LLC.), TransLite, LLC, ZD Medical, Vivolight, Venoscope LLC, and Shenzhen Bestman Instruments Co., Ltd.
Chapter 15 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the report.
Chapter 16 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions, important qualitative information, and quantitative information about the vein finder market.