The global market for vein illuminator is anticipated to exhibit remarkable growth, with projections indicating that it surpasses the value of USD 208.5 million by the year 2023.
The upward trajectory is expected to continue, as the market is forecasted to achieve a significant CAGR of 23.3% through the year 2033, ultimately reaching an estimated value of USD 1,700 million.
Vein illuminators, known for their portability and ability to minimize puncture time and pain, address the challenges of locating veins in pediatric, geriatric, and obese patients. These difficulties can result in improper intravenous drug access. As a result, the adoption of vein illuminators is projected to rapidly increase in small-sized hospitals, emergency departments, and ambulatory care centers, consequently driving the market growth.
Data Points | Key Statistics |
---|---|
Vein Illuminator Market Value 2023 | USD 208.5 million |
Vein Illuminator Market Projected Value (2033) | USD 1,700 million |
Vein Illuminator Market CAGR (2023 to 2033) | 23.3% |
The demand for vein illuminators witnessed a steady growth rate of 30.4% from 2018 to 2022, driven by the increasing recognition of their benefits in facilitating vein visualization and improving intravenous access, aiding the market size of USD 160 million in 2022.
Looking ahead to the market outlook from 2023 to 2033, the vein illuminator market is expected to experience significant expansion at a CAGR of 23.3%, touching USD 1,700 million by 2033.
Factors such as the rising prevalence of chronic diseases requiring frequent intravenous procedures, advancements in technology leading to more accurate and user-friendly vein illuminators, and the growing adoption of vein illuminators in diverse healthcare settings are poised to drive the market's growth.
The increasing focus on patient comfort, the reduction of medical errors, and the need for efficient venipuncture procedures are contributing to the escalating demand for vein illuminators.
With these factors at play, the market outlook for vein illuminators appears promising, presenting ample opportunities for industry players to capitalize on the expanding demand in the coming years.
According to FMI, the market for vein illuminator in the United States of America is likely to hold USD 542.3 million by 2033.
The United States of America is highly likely to hold a significant position in the vein illuminator market. With a robust healthcare system, advanced medical infrastructure, and a strong focus on technological innovations, the country provides a conducive environment for the adoption and advancement of vein illuminators.
The increasing prevalence of chronic diseases requiring intravenous procedures, along with the rising emphasis on patient comfort and safety, drives the demand for vein illuminators.
The presence of key market players, extensive research and development activities, and favorable reimbursement policies further contribute to the country's prominent position in the vein illuminator market.
China is poised to experience remarkable growth in the vein illuminator industry capturing a market share of USD 146.7 million by 2033, skyrocketing at 24.5% CAGR during the forecast period.
With a large population and an increasing focus on healthcare infrastructure development, China offers significant market potential.
The rising prevalence of chronic diseases and the need for improved intravenous access contribute to the growing demand for vein illuminators. Additionally, the adoption of advanced technologies, government initiatives to enhance healthcare access, and a flourishing medical device industry further boost the market's expansion in China.
The increasing investments in research and development, strategic collaborations, and expanding distribution networks are expected to drive the growth of the vein illuminator market in China, making it a key player in the global landscape.
The China Food and Drug Administration (CFDA) gave the AccuVein AV400 their seal of approval for sales in China. The region's total market is therefore anticipated to develop as a result of rising product approvals in the nation and rising adoption of numerous end-use sectors, including hospitals and blood drives.
The segment utilizing infrared illumination technology is projected to exhibit a 23.2% growth rate throughout the forecast period. This can be attributed to its ability to effectively penetrate deep tissues, enabling visualization of deeply-seated blood vessels.
By absorbing infrared radiation, venous blood allows for accurate projection of the underlying veins. The utilization of near-infrared illumination is favored for its simplicity and cost-effectiveness, making it particularly advantageous in emergency scenarios.
Market players are actively engaged in the development of devices integrated with infrared illumination technology.
Notably, AccuVein vein finder employs this technology by incorporating two safe barcode-scanner class lasers, one visible red, and one invisible infrared.
These lasers operate in conjunction to minimize light reflection, creating a comprehensive vein map of subcutaneous vasculature up to a depth of 10 mm. This advanced vein mapping enables healthcare professionals to effectively locate and navigate veins during clinical procedures.
By end-use, the hospitals sub-segment is predicted to garner a major share with a projected growth rate of 23.1% from 2023 to 2033.
The significant market share of vein illuminators is primarily driven by their widespread utilization in hospitals for patient diagnosis and treatment.
Notably, in June 2012, Children's Mercy Hospital and Clinics implemented AccuVein AV 300 illuminators to enhance and streamline patient care. The increasing emphasis on providing advanced healthcare facilities to patients further fuels the demand for vein illumination devices.
The usage of vein illuminators in blood donation camps is on the rise, aiming to minimize discomfort resulting from multiple pricks. According to the World Health Organization (WHO), approximately 112.5 million blood donations were conducted globally by July 2016. Consequently, the growing number of blood donation camps is expected to contribute significantly to the market's growth.
Due to the considerable presence of numerous players, the market demonstrates a highly competitive landscape. Key companies are actively involved in product development initiatives, aiming to broaden their product offerings and establish a strong global presence.
Existing market players engage in strategic activities like product launches, distribution agreements, and participation in conferences to solidify their market position and expand their product portfolios.
Companies invest in research and development activities to introduce innovative features and technologies in vein illuminators. This focus on technological advancements helps companies stay ahead in the market by offering cutting-edge products with improved functionalities and enhanced user experience.
Recent Developments in the Market:
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Technology, 2018 to 2033
Table 4: Global Market Volume (Units) Forecast by Technology, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by Aplication, 2018 to 2033
Table 6: Global Market Volume (Units) Forecast by Aplication, 2018 to 2033
Table 7: Global Market Value (US$ Million) Forecast by End-Use, 2018 to 2033
Table 8: Global Market Volume (Units) Forecast by End-Use, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: North America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Technology, 2018 to 2033
Table 12: North America Market Volume (Units) Forecast by Technology, 2018 to 2033
Table 13: North America Market Value (US$ Million) Forecast by Aplication, 2018 to 2033
Table 14: North America Market Volume (Units) Forecast by Aplication, 2018 to 2033
Table 15: North America Market Value (US$ Million) Forecast by End-Use, 2018 to 2033
Table 16: North America Market Volume (Units) Forecast by End-Use, 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 19: Latin America Market Value (US$ Million) Forecast by Technology, 2018 to 2033
Table 20: Latin America Market Volume (Units) Forecast by Technology, 2018 to 2033
Table 21: Latin America Market Value (US$ Million) Forecast by Aplication, 2018 to 2033
Table 22: Latin America Market Volume (Units) Forecast by Aplication, 2018 to 2033
Table 23: Latin America Market Value (US$ Million) Forecast by End-Use, 2018 to 2033
Table 24: Latin America Market Volume (Units) Forecast by End-Use, 2018 to 2033
Table 25: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 27: Europe Market Value (US$ Million) Forecast by Technology, 2018 to 2033
Table 28: Europe Market Volume (Units) Forecast by Technology, 2018 to 2033
Table 29: Europe Market Value (US$ Million) Forecast by Aplication, 2018 to 2033
Table 30: Europe Market Volume (Units) Forecast by Aplication, 2018 to 2033
Table 31: Europe Market Value (US$ Million) Forecast by End-Use, 2018 to 2033
Table 32: Europe Market Volume (Units) Forecast by End-Use, 2018 to 2033
Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 34: Asia Pacific Market Volume (Units) Forecast by Country, 2018 to 2033
Table 35: Asia Pacific Market Value (US$ Million) Forecast by Technology, 2018 to 2033
Table 36: Asia Pacific Market Volume (Units) Forecast by Technology, 2018 to 2033
Table 37: Asia Pacific Market Value (US$ Million) Forecast by Aplication, 2018 to 2033
Table 38: Asia Pacific Market Volume (Units) Forecast by Aplication, 2018 to 2033
Table 39: Asia Pacific Market Value (US$ Million) Forecast by End-Use, 2018 to 2033
Table 40: Asia Pacific Market Volume (Units) Forecast by End-Use, 2018 to 2033
Table 41: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 42: MEA Market Volume (Units) Forecast by Country, 2018 to 2033
Table 43: MEA Market Value (US$ Million) Forecast by Technology, 2018 to 2033
Table 44: MEA Market Volume (Units) Forecast by Technology, 2018 to 2033
Table 45: MEA Market Value (US$ Million) Forecast by Aplication, 2018 to 2033
Table 46: MEA Market Volume (Units) Forecast by Aplication, 2018 to 2033
Table 47: MEA Market Value (US$ Million) Forecast by End-Use, 2018 to 2033
Table 48: MEA Market Volume (Units) Forecast by End-Use, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Technology, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Aplication, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by End-Use, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Market Volume (Units) Analysis by Region, 2018 to 2033
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 9: Global Market Value (US$ Million) Analysis by Technology, 2018 to 2033
Figure 10: Global Market Volume (Units) Analysis by Technology, 2018 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
Figure 13: Global Market Value (US$ Million) Analysis by Aplication, 2018 to 2033
Figure 14: Global Market Volume (Units) Analysis by Aplication, 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Aplication, 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Aplication, 2023 to 2033
Figure 17: Global Market Value (US$ Million) Analysis by End-Use, 2018 to 2033
Figure 18: Global Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 19: Global Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 20: Global Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 21: Global Market Attractiveness by Technology, 2023 to 2033
Figure 22: Global Market Attractiveness by Aplication, 2023 to 2033
Figure 23: Global Market Attractiveness by End-Use, 2023 to 2033
Figure 24: Global Market Attractiveness by Region, 2023 to 2033
Figure 25: North America Market Value (US$ Million) by Technology, 2023 to 2033
Figure 26: North America Market Value (US$ Million) by Aplication, 2023 to 2033
Figure 27: North America Market Value (US$ Million) by End-Use, 2023 to 2033
Figure 28: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 30: North America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 33: North America Market Value (US$ Million) Analysis by Technology, 2018 to 2033
Figure 34: North America Market Volume (Units) Analysis by Technology, 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
Figure 37: North America Market Value (US$ Million) Analysis by Aplication, 2018 to 2033
Figure 38: North America Market Volume (Units) Analysis by Aplication, 2018 to 2033
Figure 39: North America Market Value Share (%) and BPS Analysis by Aplication, 2023 to 2033
Figure 40: North America Market Y-o-Y Growth (%) Projections by Aplication, 2023 to 2033
Figure 41: North America Market Value (US$ Million) Analysis by End-Use, 2018 to 2033
Figure 42: North America Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 43: North America Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 44: North America Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 45: North America Market Attractiveness by Technology, 2023 to 2033
Figure 46: North America Market Attractiveness by Aplication, 2023 to 2033
Figure 47: North America Market Attractiveness by End-Use, 2023 to 2033
Figure 48: North America Market Attractiveness by Country, 2023 to 2033
Figure 49: Latin America Market Value (US$ Million) by Technology, 2023 to 2033
Figure 50: Latin America Market Value (US$ Million) by Aplication, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) by End-Use, 2023 to 2033
Figure 52: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 54: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 57: Latin America Market Value (US$ Million) Analysis by Technology, 2018 to 2033
Figure 58: Latin America Market Volume (Units) Analysis by Technology, 2018 to 2033
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
Figure 61: Latin America Market Value (US$ Million) Analysis by Aplication, 2018 to 2033
Figure 62: Latin America Market Volume (Units) Analysis by Aplication, 2018 to 2033
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Aplication, 2023 to 2033
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Aplication, 2023 to 2033
Figure 65: Latin America Market Value (US$ Million) Analysis by End-Use, 2018 to 2033
Figure 66: Latin America Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 67: Latin America Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 69: Latin America Market Attractiveness by Technology, 2023 to 2033
Figure 70: Latin America Market Attractiveness by Aplication, 2023 to 2033
Figure 71: Latin America Market Attractiveness by End-Use, 2023 to 2033
Figure 72: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 73: Europe Market Value (US$ Million) by Technology, 2023 to 2033
Figure 74: Europe Market Value (US$ Million) by Aplication, 2023 to 2033
Figure 75: Europe Market Value (US$ Million) by End-Use, 2023 to 2033
Figure 76: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 78: Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 81: Europe Market Value (US$ Million) Analysis by Technology, 2018 to 2033
Figure 82: Europe Market Volume (Units) Analysis by Technology, 2018 to 2033
Figure 83: Europe Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
Figure 84: Europe Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
Figure 85: Europe Market Value (US$ Million) Analysis by Aplication, 2018 to 2033
Figure 86: Europe Market Volume (Units) Analysis by Aplication, 2018 to 2033
Figure 87: Europe Market Value Share (%) and BPS Analysis by Aplication, 2023 to 2033
Figure 88: Europe Market Y-o-Y Growth (%) Projections by Aplication, 2023 to 2033
Figure 89: Europe Market Value (US$ Million) Analysis by End-Use, 2018 to 2033
Figure 90: Europe Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 91: Europe Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 92: Europe Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 93: Europe Market Attractiveness by Technology, 2023 to 2033
Figure 94: Europe Market Attractiveness by Aplication, 2023 to 2033
Figure 95: Europe Market Attractiveness by End-Use, 2023 to 2033
Figure 96: Europe Market Attractiveness by Country, 2023 to 2033
Figure 97: Asia Pacific Market Value (US$ Million) by Technology, 2023 to 2033
Figure 98: Asia Pacific Market Value (US$ Million) by Aplication, 2023 to 2033
Figure 99: Asia Pacific Market Value (US$ Million) by End-Use, 2023 to 2033
Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 102: Asia Pacific Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Technology, 2018 to 2033
Figure 106: Asia Pacific Market Volume (Units) Analysis by Technology, 2018 to 2033
Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Aplication, 2018 to 2033
Figure 110: Asia Pacific Market Volume (Units) Analysis by Aplication, 2018 to 2033
Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Aplication, 2023 to 2033
Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Aplication, 2023 to 2033
Figure 113: Asia Pacific Market Value (US$ Million) Analysis by End-Use, 2018 to 2033
Figure 114: Asia Pacific Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 117: Asia Pacific Market Attractiveness by Technology, 2023 to 2033
Figure 118: Asia Pacific Market Attractiveness by Aplication, 2023 to 2033
Figure 119: Asia Pacific Market Attractiveness by End-Use, 2023 to 2033
Figure 120: Asia Pacific Market Attractiveness by Country, 2023 to 2033
Figure 121: MEA Market Value (US$ Million) by Technology, 2023 to 2033
Figure 122: MEA Market Value (US$ Million) by Aplication, 2023 to 2033
Figure 123: MEA Market Value (US$ Million) by End-Use, 2023 to 2033
Figure 124: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: MEA Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 129: MEA Market Value (US$ Million) Analysis by Technology, 2018 to 2033
Figure 130: MEA Market Volume (Units) Analysis by Technology, 2018 to 2033
Figure 131: MEA Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033
Figure 132: MEA Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033
Figure 133: MEA Market Value (US$ Million) Analysis by Aplication, 2018 to 2033
Figure 134: MEA Market Volume (Units) Analysis by Aplication, 2018 to 2033
Figure 135: MEA Market Value Share (%) and BPS Analysis by Aplication, 2023 to 2033
Figure 136: MEA Market Y-o-Y Growth (%) Projections by Aplication, 2023 to 2033
Figure 137: MEA Market Value (US$ Million) Analysis by End-Use, 2018 to 2033
Figure 138: MEA Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 139: MEA Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 140: MEA Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 141: MEA Market Attractiveness by Technology, 2023 to 2033
Figure 142: MEA Market Attractiveness by Aplication, 2023 to 2033
Figure 143: MEA Market Attractiveness by End-Use, 2023 to 2033
Figure 144: MEA Market Attractiveness by Country, 2023 to 2033
The market is valued at USD 208.5 million in 2023.
The market registered a CAGR of 30.4% from 2018 to 2022.
The market is estimated to be worth USD 1,700 million in 2033.
China is poised to witness significant growth in the industry with a market share of USD 146.7 million by 2033.
Infrared Imaging LLC, Veinlite, ZD Medical Inc. are the key market players.
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