Vein Illuminator Market Size, Share & Trends Report

Vein Illuminator Market Size, Share & Trends Analysis Report By Technology (Transillumination, Infrared Technology, Ultrasound), By Application, By End-use, By Region, And Segment Forecasts, 2013 - 2024

  • Published Date: Apr, 2018
  • Base Year for Estimate: 2015
  • Report ID: 978-1-68038-934-0
  • Format: Electronic (PDF)
  • Historical Data: 2013 - 2015
  • Number of Pages: 86

Industry Insights 

The global vein illuminator market size was valued at USD 27.8 million in 2015 and is anticipated to witness a CAGR of 31.5% over the forecast period. Vein illuminators are medical devices that make use of a particular technology that aid healthcare providers by increasing visibility of veins for a successful venipuncture procedure. They are essentially favorable in drastically reducing needle stick injuries and in ambulatory surgical centers. Rising satisfaction among patients and healthcare providers and increasing success rate of drawing blood at the first attempt are key factors driving the growth of the market.

U.S. vein illuminator market

The usage of vein illuminators is especially helpful in elderly, dark-skinned, obese, agitated or restless, and oncology patients undergoing chemotherapy. Burn victims and drug abusers also benefit from the use of these medical devices as the visibility of veins is more heightened with their use. Various complications such as hematoma, infections, nerve damage, extravasations, excessive bleeding, edema, thrombosis, and allergies may arise as a result of venipuncture complications. In patients who suffer from needle phobia, the usage of vein illuminators drastically reduces needle stick injuries and other complications. Increased efficiency, ease of procedure, and accuracy are some of the factors that are in favor of the vein illuminator propelling their market growth.

Vein illuminators are unique as they aid in highlighting deep-seated or small veins in patients that present difficult vascular or intravenous access issues. They are also beneficial among pediatric patients minimizing the use of medically unnecessary tools, such as the use of Peripherally Inserted Central Catheter (PICC) thus, increasing the accuracy of first prick, bringing about greater patient satisfaction, which in turn greatly influences the value-based procedure reimbursement in hospitals.

The usage of these medical devices are seen largely in advancing the vein location process required in hospital clinical settings and prehospital while performing an extensive range of procedures, such as hemodialysis, venipuncture, and effective intravenous delivery of medication in instances such as chemotherapy. The varied use of these medical devices and precision offered are some of the major factors propelling the growth of the vein illuminator devices. Expensive nature of these devices and conventional methods for vein detection are some of the reasons restraining the growth of the market.

Technology Insights

Based on technology, the vein illuminator market is segmented into infrared technology, transillumination, and ultrasound. Near infrared technology held the largest market share owing to its ability to differentiate veins from the arteries and the surrounding tissues. In many cases excessive venipuncture can cause significant problem to patients. Instances that require patients to be hospitalized for long time periods require them to undergo venipuncture for drug delivery and other such applications, thus, the accuracy provided by vein illuminators allows physicians to gain an upper hand in such procedures.

Near infrared illumination devices improves the venipuncture success rate but their usage is limited due to availability and costs. Near infrared illumination also showcases the highest CAGR owing to increasing usage in hospitals and ambulatory surgical centers for effective vein detection and accurate venipuncture procedures. Infrared technology allows medical personnel to clearly detect veins owing to its ability to penetrate deep into the tissue making it possible to visualize deep-seated blood vessels clearly. Thus, with increasing usage of infrared technology in various end use settings, this segment is expected to garner considerable market share in the near future.

Venous ultrasound uses sound waves to produce image of the body veins. Ultrasound does not use ionizing radiation therefore it has no harmful effects. It is safe and painless; the images are produced using sound waves. As this method is relatively harmless, it is preferred by many patients, accelerating its market growth in the industry. Veins of the entire body can be displayed by ultrasound imaging. By ultrasound imaging, blood clots, narrow vessels and congenital vascular malformations can also be detected. Thus, this segment is also expected to gain significant market share in the future.

Transillumination utilizes the principle of transmission of light through the body tissues. The wavelength of light is absorbed by the red blood cells emitting a red glow, since the red wavelength is reflected. Vein illuminator uses the same principle of refraction, absorption and reflection. Some light is reflected and some light is absorbed during illumination of the tissues and the veins are traced. Since this method is also easy and convenient, the usage of the technology has been garnering attention among medical personnel driving its market growth.

Application Insights

Based on application, the vein illuminator market is segmented into intravenous access, blood draw, and others. Intravenous access held the largest market share owing to the necessity of the procedure for varied purposes such as blood sampling, drug delivery administration of fluids, chemotherapy, and blood collection among others. The ability to trace a vein is an essential skill, which requires considerable practice.

In all invasive medical procedures, the most common is venipuncture. Performing an IV insertion is a tedious task when the veins are difficult to access. Vein illuminator helps trace such difficult veins, thus stimulating market growth. The accuracy provided by vein illuminators along with the ease offered by the usage of the device are crucial factors accelerating the growth of the market.

China vein illuminator market

Blood drawing procedures held the second largest market share in the vein illuminator market owing to vital need for blood sampling. Drawing blood is a tedious task due to the difficulty of locating the vein. Tracing the veins is difficult especially in pediatric and geriatric patients. Vein illuminators detect veins accurately and the blood is drawn conveniently. Factors such as drawing blood without any second venipuncture increases the patient comfort as well as patient satisfaction.

There is reduction in unnecessary peripherally inserted central catheter. Through vein illuminator drawing of blood from patients with difficult venous access becomes convenient. In these patients the blood flow is compromised due to narrow diameter of the vessel or low pressure making it inconvenient to draw blood. Thus, with a majority of factors in the favor of vein illuminators, the market for the same is seen to be growing lucratively during the forecast period.

End-use Insights

Based on end use the vein illuminator market is segmented into hospitals, academic institutions, blood donation camps, and others. The market for hospitals is expected to exhibit explosive growth during the forecast period attributable to the increasing emphasis on improving patient satisfaction, which has a clear role in containing healthcare expenditures and the increasing incorporation of advanced medical equipment.

Hospitals are provided with vein imaging products for seeing the deeper vasculature accurately. The challenges faced by them small veins, fatty tissues, limited access points and anxiety of children has been increasing the usage of vein illuminators. During emergencies, venous access can be unpredictable, therefore vein illuminators are used to avoid complications in locating venipuncture sites quickly. A blown vein in radiology can cause pain to patients and there is irreversible tissue damage. Vein illuminator allows visualization of vasculature pre-access and post-access thus, accelerating market growth.

Vein illuminator reduces the incidence of hospitals re-admissions and avoids the need to call a trained medical professional to start IV. Academic institutions research the ways to access veins to deliver critical medications to treat common ailments such as congestive heart failure, urinary tract infections and sepsis. Access to veins in sick and elderly residents is particularly challenging as these people can easily become dehydrated and often have rolling veins, heightening the use of these medical devices.

Blood donation camps require access to veins to draw blood. If the vein is not traced accurately then it leads to multiple pricks. With the help of vein illuminator, the veins are located accurately and the blood draw is done in the first attempt. This increases the comfort level as well as satisfaction of patients. Multiple pricks make the patient uncomfortable and causes pain to certain sensitive people, this pulls people back from donating blood. Thus, the use of vein illuminators is seen increasingly at blood donation camps accelerating market growth.

Regional Insights

North America is estimated to witness a high growth in the market corresponding to the huge demand for technologically advanced medical devices in hospitals and patient-centered approach adopted by the hospitals. In addition, innovative and advanced technologies, improved healthcare infrastructure and presence of large number of vein illuminating manufacturing companies is boosting the market in this region. The major players of this region are Accuvein Inc., TransLite LLC, Christie Medical Holdings Inc., and Venoscope LLC among others.

Asia Pacific is expected to hold the second position in terms of growth rate. Asia Pacific is expected to follow North America in terms of CAGR. Rapid growth in vein illuminator industry is causing increase in adoption of technology by countries like Japan and China. Factors such as increasing number of chronic diseases, development of healthcare facilities and government initiatives for modernization of healthcare infrastructure is boosting the market in this region.

Factors such as increasing geriatric population, prevalence of chronic diseases, demand for patient satisfaction and rise in hospitals is propelling the vein illuminator market in Europe. Hospitals had the highest share for vein illumination devices in 2016 in major countries of Europe like Germany, Canada and UK. The increase in demand for these devices is mainly attributed to the cost savings associated with the treatment.

Vein Illuminator Market Share Insights

The vein illuminator market consists of various large and small scale players. Some major competitors that are dominant in the vein illuminator market consist of Venoscope, LLC, Christie Medical Holdings, Inc., Inc., Translite, LLC, Vuetek Scientific, LLC, ZD Medical, Inc., Infrared Imaging Systems, Accuvein, Inc.,Cambridge Medical (Asia) Private Ltd., among others., Collaborations, agreements, product launches, and partnerships are key strategies, undertaken by the market players to gain market revenue in the industry.

In order to gain significant market share, the major players implemented the launch of new products with increasing spending on research and development. For instance, in June 2016, Christie Medical Holdings announced the improvement in vein view technology. Such product improvements cater to exact needs of the patients and provide enhanced patient satisfaction brining about incremental market growth.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historical data

2013 - 2015

Forecast period

2016 - 2024

Market representation                                    

Revenue in USD Million and CAGR from 2016 to 2024

Regional scope

North America, Europe, Asia-Pacific, Latin America, and Middle East Africa

Country scope

U.S., Canada, Germany, UK, China, India, Brazil, Mexico, South Africa, Saudi Arabia

Report coverage        

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

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Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2013 to 2024. For the purpose of this study, Grand View Research has segmented the global vein illuminator market report on the basis of technology, application, end use, and region:

  • Technology Outlook (Revenue, USD Million, 2013 - 2024)

    • Transillumination

    • Infrared Technology

    • Ultrasound

  • Application Outlook (Revenue, USD Million, 2013 - 2024)

    • Intravenous Access

    • Blood Draw

    • Others

  • End Use Outlook (Revenue, USD Million, 2013 - 2024)

    • Hospitals

    • Blood Donation Camps

    • Academic Institutions

    • Others

  • Regional Outlook (Revenue, USD Million, 2013 - 2024)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

    • MEA

      • South Africa

      • Saudi Arabia

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