Vein Illumination Devices Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Segment Forecasts, 2014 To 2020

Increasing blood donation and veni puncture procedure performed for intravenous infusion and blood drawing is expected to drive the vein illumination devices market during the forecast period. Venipuncture is one of the most common invasive medical procedures worldwide and approximately 2.7 million procedures are conducted in the U.S. alone every day. It has been studied that up to one third of an attempt to access the underlying vein fails the very first time resulting into additional costs and patient discomfort. Devices with advanced technologies such as AccuVein AV 400 illumination and others are expected to find great importance for treating patients who are obese, have very low body temperature, dehydrated, who had frequent venipuncture, patients with very dark skin, very young and aged and whose veins roll. Increased patients satisfaction and comfort has been recorded due to the application of vein illumination devices. It has also improved the professional ability of healthcare practitioner to identify the position of underlying vein. The infusion Nurses Society in their 2014 guidelines has recommended the use of vein illumination.

Vein illumination devices market can be classified into end users and technology. End users include nursing homes, private healthcare practices, blood donation centre’s, clinics, hospitals, academic institutions and rehabilitation facilities.Hospials are expected to dominate the  Vein illumination devices market by end users due to the improvement in healthcare infrastructure followed by blood banks due to the rising number of blood donation camps. Vein illumination devices are available in various illumination technologies such as transillumination, infrared technology and magnification. Vein illumination, based on infrared technology is an expensive affair but it provides clear images resulting into accurate and efficient medical procedure therefore is expected to dominate the market during the forecast period. 

The regional segments of vertebral compression fracture devices market are North America, Europe, Asia Pacific and RoW. Vein illumination is used worldwide especially in hospital emergency department, surgery, neonatal units and intensive care units. North America is expected to dominate the vein illumination devices market owing to the introduction of advanced and innovative technologies and improved healthcare infrastructure followed by Asia pacific due to the rising population and increasing medical procedures. 

Major players of the market are AccuVein Inc., TransLite LLC, Christie Medical Holdings Inc., Sharn Anesthesia and Venoscope LLC. In November 2014, AccuVein AV 400 was awarded Novation Innovative Technology designation due to its reduction in multiple needle sticks resulting in the patients’ comfort and satisfaction.