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Global Vein illumination market is valued $593 million in the year 2017 and is anticipated to grow with a CAGR of 16.4% from 2018 to 2023. Vein illumination device is classified based on their type available which are portable vein illumination device and bed side vein illumination device. Portable vein illumination device is having the highest market share followed by the bedside vein illumination device which are valued $453.2 and $140.7 million in the year 2017 and expected to grow at a CAGR of 13.5% and 24.3% respectively during the year 2018 to 2023.
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Vein Illumination Devices2018 - 2023 Vein Illumination Devices Market is anticipated to hit $1.29 billion by 2023 at a CAGR of 16.40%.
Americas held the largest market share in the Vein Illustration Devices Market The Americas region holds the largest market share in the Vein Illustration Devices Market and is anticipated to reach $643.8 million by 2023 at a CAGR of 12.2%. The rise in aging population and strong reimbursement scenario is propelling the growth in this region. The key end-users including Healthcare Centers/Hospitals/Clinics, Nursing Homes, Blood Donation Camps, Academic Institutions, Rehabilitation Centers, Infusion Centers, Surgery Centers, and Emergency Care among others. Contact: sales@industryarc.com
Selected Opportunities and Impact Analysis done in the full report • The growth of vein biometrics presents an opportunity for vein illuminator devices market. Multi factor identification is becoming increasingly common in manufacturing, construction and banking industries. This has led to the increased use of vein identification technology. For instance, Barclays Bank introduced personal biometric scanners with Hitachi's Finger Vein Authentication Technology (VeinID), which reads the sub-dermal patterns of the client's finger vasculature in order to combat identity fraud. • The growing obesity rates in the U.S and European regions have raised the health consciousness level. This has led to an increased number of medical testing and diagnosis. Vein illumination devices are particularly required for obese people as it is difficult to find the veins. Contact: sales@industryarc.com
Excerpts Market Growth Factors Mentioned in the Full Report: • The demand for Vein Illumination Devices is going to witness substantial growth with the increase in venipuncture. Vein Illumination is of high importance while treating the geriatric population. • The introduction of Affordable Healthcare Act has provided a boost to the industry. The reimbursement for hospitals and clinics will depend upon the patient safety and level of satisfaction. • The biggest end user segment for the vein illumination devices market will be homecare/long-term care as the patient pool gradually switches to affordable home care. Contact: sales@industryarc.com
Key players of Vein Illumination Devices Market: • AccuVein is the key player in Vein Illumination Devices market, followed by Christie Medical Holdings Inc; AccuVein has a strong product line of vein illumination devices, with its presence across 130 nations in North America. • Other key players include Bard Access Systems Inc. and Veinlite LLC, etc. • Companies like Sony Corp, Kyocera Corp were granted patents for Vein Illumination Devices. The two companies obtained 15 patents during the period. Download Sample Report Contact: sales@industryarc.com
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About IndustryARC • IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. • IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. C Contact: sales@industryarc.com