Hospitals to drive the growth of the vein illuminator market

The vein illuminator market is expected to grow at a CAGR of 32.41% between 2016 and 2022. The growth of the market is expected to be driven by the growing aging population, pediatric applications and growing demand for high patient satisfaction level.

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Out of the major end-user industries, market for hospitals is expected to grow at a high CAGR between 2016 and 2022 owing to the demand for technologically advanced medical equipment that can contribute to the increased satisfaction level of patients along with reduced discomfort. Academic institutions are expected to grow at the second-highest CAGR during the forecast period. The increased research and practical application in these institutions drives the demand for vein illuminator devices in this market. However, the prevalence of traditional methods of vein detection as well as the high cost of these devices hinders the adoption of vein illuminators.

The major vendors in the vein illuminator market include AccuVein Inc. (U.S.), Christie Medical Holdings, Inc. (U.S.), TransLite LLC. (U.S.), Venoscope LLC. (U.S.), Sharn Anesthesia (U.S.), VueTek Scientific (U.S.), InfraRed Imaging Systems (U.S.), ZD Medical Inc. (U.S.), Cambridge Medical (Asia) Private Limited(Singapore), and Near Infrared Imaging Inc. (U.S.).

The vein illuminator market ecosystem includes major vein illuminator manufacturing companies and start-up companies working on the technology, distributors, and end-user industries that implement these devices.

Key Target Audience

• Start-up companies
• Venture capitalists
• Investment houses
• Consulting firms
• End-user industry players
• Infrared and ultrasound technology providers
• Sensors, transmitter, receiver, camera, and projector suppliers and manufacturers

Scope of the Report:

The research report segments the vein illuminator market into the following submarkets:

By Technology:

• Near Infrared Illumination (NIR)
• Transillumination
• Ultrasound

By Application:

• IV Access
• Blood Draw
• Other Applications

By End-User Industry:

• Hospitals
• Rehabilitation Centers
• Blood Donation Camps
• Academic Institutions
• Others

By Geography:

• North America
• Europe
• Asia-Pacific
• RoW
• 
  

Available customizations:

• Vein illuminator market: By technology; by application; by end-user industries
• Vein illuminator market: By technology, by application, by region
• Vein illuminator market: By technology; by end–user industries

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