The global vein illumination devices market is expected to be driven over the forecast period by the increasing blood donation and venipuncture procedures performed for intravenous infusion, and blood drawing. 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. Hospitals are expected to dominate the 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 vein illumination 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 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.
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With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.