Get 15% off on Global Market Reports until March 31st! Use code FY25SAVE at checkout.

What fueled the previous growth in the vein illumination devices market?

The market size of vein illumination devices has seen significant expansion in the past few years. The market is projected to increase from $0.55 billion in 2024 to $0.62 billion in 2025, a compound annual growth rate (CAGR) of 13.0%. This substantial increase during the historical period can be correlated with various factors, including the heightened usage of these devices during the pandemic for venous access in patients battling COVID-19. Other contributing elements are the growing awareness of the advantages of vein illumination devices among healthcare providers, an incline in healthcare expenditure, patient education initiatives, and a rise in the use of intravenous drugs both in medical settings and in illicit circumstances.

What will be the vein illumination devices market size in the future?

Expectations are high for the vein illumination devices market to experience substantial growth in the coming years, with predictions for its value to hit $1 billion in 2029, representing a compound annual growth rate (CAGR) of 12.6%. This projected expansion during the forecast timeframe can be linked to various factors such as increased healthcare infrastructure investments, advancements in medical staff competency through the use of these devices, cost-effectiveness, a surge in demand for venipuncture support, and their wide application in home and remote healthcare environments for patients requiring regular venous access. Key market trends anticipated during the forecast period include the miniaturization and wearability of devices, wireless connectivity features, the introduction of augmented reality (AR) solutions, hybrid imaging technologies, and holographic projection technology.

Get your vein illumination devices market report here!

https://www.thebusinessresearchcompany.com/report/vein-illumination-devices-global-market-report

What main drivers are fueling expansion in the vein illumination devices market?

The vein illumination devices market is anticipated to expand due to the growing prevalence of venous diseases like deep vein thrombosis and varicose veins. These diseases hinder the normal circulation of blood in the veins and can result in varicose veins, deep vein thrombosis, chronic venous insufficiency and venous ulcers, which can cause symptoms like swelling, pain and changes in the skin. The aging process can also weaken the valves in the vein and disrupt blood movement, thereby leading to these disorders. Hormone changes due to menopause or consumption of specific medications, such as birth control pills, can also alter the functioning of the veins. Vein illumination devices are instrumental in treating these venous diseases by increasing the visibility of the veins and enabling more accurate and safer operations like intravenous access, blood draws, and sclerotherapy. This in turn, reduces the complications and results in improved healthy outcomes for patients. For example, in August 2023, 21% increase in Venous Thromboembolism (VTE) cases was reported, which rose from 9,030 to 10,884 cases between 2019-20 and 2020-21 by the Nuffield Trust, an independent health charity in the UK. Hence, growing venous diseases such as deep vein thrombosis and varicose veins are driving the vein illumination devices market.

Vein Illumination Devices Market Driver: Minimally Invasive Procedures Propelling Growth in Vein Illumination Devices Market

What key areas define the segmentation of the global vein illumination devices market?

The vein illumination devices market covered in this report is segmented –

1) By Product Type: Table-Top Devices, Hand-Held Devices

2) By Technology: Transillumination, Near Infrared Illumination, Ultrasound Technologies

3) By Application: Intravenous Access, Blood Draw, Venipuncture Assistance, Sclerotherapy, Other Applications

4) By End-User: Hospitals And Clinics, Rehabilitation Facilities, Blood Donation Camps, Academic Institutions, Nursing Homes, Other End-Users

Subsegments:

1) By Table-Top Devices: Desktop Or Stationary Vein Illuminators, Wall-Mounted Vein Illumination Systems

2) By Hand-Held Devices: Portable Vein Illuminators, Mobile Or Compact Vein Detection Devices

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=16567&type=smp

What are the top market players propelling the growth of the vein illumination devices industry?

Major companies operating in the vein illumination devices market are Siemens Healthineers, Koninklijke Philips N.V., Baxter International Inc., Olympus Corporation, B. Braun Medical Inc., AngioDynamics, Canon Medical Systems Corporation, Veinlite, AccuVein Inc., Delta Medical International Ltd., Christie Medical Holdings Inc., Venoscope, Near Infrared Imaging, BLZ Technology Inc., Aimvein.com, Evena Medical, ZD Medical Inc., SIFSOF LLC, IBIS Medical, Infinium Medical Inc., Shenzhen Bestman Instrument Co. Ltd., DermLite LLC, Novarix Ltd., Wuxi Biomedical Technology Co. Ltd., Vino Optics

What are the key trends shaping the future of the vein illumination devices market?

Leading businesses involved in the vein illumination devices market are implementing developments in near-infrared vascular imaging technology to amplify the precision and potency of medical practices. These cutting-edge advancements in near-infrared vascular imaging technology enable non-invasive, enhanced visualization of blood vessels, thus bettering diagnostic precision and planning of treatments. For instance, in April 2022, Christie Medical Holdings, an American medical device company, introduced the VeinViewer, an advanced near-infrared imaging device. The VeinViewer projects high definition real-time images of veins onto the patient’s skin, thus increasing the precision and effectiveness of medical procedures. This instrument, which can illuminate veins as deep as 10 mm, is implemented in plasma donation centers to heighten donors’ experiences and the success rate of procedures.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16567

Which geographic areas are influencing the growth of the vein illumination devices market?

North America was the largest region in the vein illumination devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vein illumination devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Browse Through More Similar Reports By The Business Research Company:

IR Illuminators Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/ir-illuminators-global-market-report

Deep Vein Thrombosis Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/deep-vein-thrombosis-global-market-report

Vein Illuminator Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/vein-illuminator-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: