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Vein Illuminator Market Exhibiting Steadfast CAGR Of 30.6% Would Reach USD 793.8 Million By 2027 | Grand View Research, Inc.

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Vein Illuminator Market Exhibiting Steadfast CAGR Of 30.6% Would Reach USD 793.8 Million By 2027 | Grand View Research, Inc.

June 16
03:45 2021
Vein Illuminator Market Exhibiting Steadfast CAGR Of 30.6% Would Reach USD 793.8 Million By 2027 | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, adoption of vein illuminator is expected to show steep growth in small sized hospitals, emergency departments, and ambulatory care centers, thereby driving the market growth.

The global vein illuminator market size is expected to reach USD 793.8 million by 2027, registering revenue based CAGR of 30.6% over the forecast period, according to a new report by Grand View Research, Inc. Growing demand for easy visualization of inaccessible veins in neonates, elderly, dark skinned, and obese patients is expected to aid the market growth. Moreover, growing need for intravenous drugs for the treatment of various disorders is anticipated to further propel the product demand.

As per the American Civil Liberties Union, 350,000 people in U.S. regularly use injectable drugs. The process requires proper knowledge regarding IV drugs in order to avoid infections that are caused due to injection drug use. Therefore, growing adoption of IV drugs for various purposes is expected to boost the adoption of vein illuminators for avoiding infections and enhancing proper treatment.

Growing demand for painless insertion in drawing blood or intravenous access is also expected to drive the market growth. These devices are mainly advantageous for the application in children and adults, as it reduces the risks of multiple needle pricks done to infants and old age patients. Illumination technology eases the job of clinicians by creating a road map of the main vein.

Rising prevalence of chronic diseases worldwide is increasing the demand for diagnosis and treatment, which in turn is expected to drive the market growth. According to recent studies, it is estimated that around 500 million venipuncture procedures are performed every year. Usage of vein illuminator increases the success rate of venipuncture and hence enhances the diagnosis and treatment. 

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/vein-illuminator-market

Vein Illuminator Market Report Highlights

 Infrared technology held the largest revenue share in 2019 and is expected to grow at the fastest rate during the forecast period mainly due to its ability to illuminate veins located deep inside the tissue for proper intravenous access and blood draw

Transillumination technology is also expected to experience a significant growth during the forecast period because it uses LED lights, which enhances the structure of the vein

The intravenous access segment held the largest revenue share in 2019 and is expected to register the fastest growth rate largely due to increasing usage of intravenous drugs for treatment of various chronic diseases

The usage of vein illuminators is also increasing mainly because of growing demand for diagnosing chronic diseases and for avoiding the after effects or infections of multiple needle pricks

The hospitals segment held the largest revenue share and is expected to experience the fastest growth rate during the forecast period increasing adoption in hospitals for streamlining the IV procedures with comfort.

North America dominated the vein illuminator market with the largest revenue share in 2019 owing to the presence of major market players and increasing product launches in the region.

Asia Pacific is expected to grow at the fastest growth rate during the forecast period mainly due to growing healthcare expenditure in the region and growing strategic alliances between the global players for distribution in the region.

For Requesting a Sample Copy Please Visit @ https://www.grandviewresearch.com/industry-analysis/vein-illuminator-market/request/rs1

Vein Illuminator Market Segmentation

Grand View Research has segmented the global vein illuminator market based on technology, application, end use, and region:

Vein Illuminator Technology Outlook (Volume, Units; Revenue, USD Million, 2016 – 2027)
    • Transillumination
    • Infrared
    • Ultrasound

Vein Illuminator Application Outlook (Revenue, USD Million, 2016 – 2027)
    • Intravenous Access
    • Blood Draw
    • Others

Vein Illuminator End-Use Outlook (Revenue, USD Million, 2016 – 2027)
    • Hospitals
    • Blood Donation Camps
    • Academic Institutions
    • Others

Vein Illuminator Regional Outlook (Volume, Units; Revenue, USD Million, 2016 – 2027)
     North America
        • The U.S.
        • Canada
    • Europe
        • Germany
        • The U.K.
        • France
        • Italy
        • Spain

        • Russia
        • Netherlands
        • Switzerland
        • Turkey
        • Poland
    • Asia Pacific
        • China
        • India
        • Japan

        • Thailand
        • South Korea
        • Indonesia
        • Taiwan
        • Hong Kong

        • Philippines
        • Malaysia
    • Central and South America
        • Brazil
        • Mexico

        • Argentina
        • Colombia
        • Chile
    • Middle East & Africa
        • South Africa

        • Saudi Arabia
        • UAE
        • Kuwait

        • Qatar

 

Fill The Pre-Order Enquiry Form For The Report @ https://www.grandviewresearch.com/inquiry/2976/ibb

 

About Grand View Research

Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/vein-illuminator-market


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