Vein Illuminator Market is expected to register 28.6% CAGR during the forecast period of 2019 to 2025 and held a market value of USD 60.6 Million in 2018.
Vein finder or vein illuminator is a device intended to locate subcutaneous veins using a variety of techniques such as infrared light. Vein illuminators use principles of optical physics such as differential light reflection, refraction, and absorption by tissues to produces a distinct image of the patient’s vein structure. Vein illuminator provides a vivid vein map, which helps increase success rates of invasive treatments, including injections.
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Drivers The clinical drivers of vein illuminator market are greater patient satisfaction due to reduced pain, trauma, determining correct vascular position in conditions such as obesity, hairy skin, swollen tissue, hypovolemia etc. The growth of demand factors such as growing numbers of elderly and chronic sick population, blood donation camps, assisted living centers and others are also charging the market. Technological and product developments such as advances in optics, contrast, resolution, falling cost of devices and others are the prime drivers of the market. Devices incorporating functionality such as adjustable brightness, multiple imaging modes, sleep function, increasing coherence, low deviation as low as 60 to 100 microns and others is the key to be market leaders. Use of medical cold light and CE approval to render safe for sensitive organs such as eyes are important drivers of the market. Lower energy consumption, strong illumination and battery life are added market value additions. Growing ecommerce and medical devices sales are commercial factors favoring the market. Fall in the cost of medical devices especially the light emitting diodes is another factor driving the rapid adoption due to lower cost of the products. Restraints The market constraints of global vein illuminator market are lack of awareness, high cost of devices and others. Nascent stage of technology and mindset of healthcare professionals which view vein illuminator as superfluous luxury are other constraints on the market. Segments: To generate a bird’s view, the global vein illuminator market is segmented on the basis of technology, and end users. Technology - trans-illumination, infrared illumination, ultrasound, and others. End user - hospitals, blood donation camps, research and academics, others. Regions - North America, Europe, Asia Pacific Middle East and Africa and rest of the world. Regional analysis: North America led by the U.S. accounts for the largest market owing to faster adoption of technology, large buying power, developed healthcare infrastructure, presence of major players and others. Europe led by Germany, U.K. and France is expected to generate the second largest growth. However the market is expected to shift in favor of Asia Pacific region led by China, Japan and India. China has emerged as a low cost manufacturing base for electronic devices coupled with the development of global supply chains is boosting the market. The Middle East and Africa market is estimated to be skewed in favor of the Gulf nations such as Saudi Arabia, UAE and others. Africa is expected to generate moderate growth owing to poor economic and political conditions. Dominant players: Major players of global vein illuminator industry are Infrared Imaging Systems Inc., VueTek Scientific LLC, Venoscope LLC, Christie Medical Holdings Inc., Near Infrared Imaging Inc., Sharn Anesthesia, TransLite LLC, AccuVein Inc., Aimvein Ltd. and others. Browse More Details of the Report @ https://www.marketresearchfuture.com/reports/vein-illuminator-market-5735
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