Market Statistics
Study Period | 2019 - 2030 |
2024 Market Size | 88.0 Million |
2030 Forecast | 414.2 Million |
Growth Rate (CAGR) | 29.4% |
Largest Region | North America |
Fastest Growing Region | Asia-Pacific |
Nature of the Market | Consolidated |
Report Code: 12749
Get a Comprehensive Overview of the Vein Illuminator Market Report Prepared by P&S Intelligence, Segmented by Type (Tabletop Devices, Handheld Devices), Technology (Transillumination, Infrared, Ultrasound), Application (Venipuncture Assistance, IV Access, Sclerotherapy), End User (Hospitals, Blood Camps, Rehabilitation, Academic Institutes) , and Geographic Regions. This Report Provides Insights From 2019 to 2030.
Study Period | 2019 - 2030 |
2024 Market Size | 88.0 Million |
2030 Forecast | 414.2 Million |
Growth Rate (CAGR) | 29.4% |
Largest Region | North America |
Fastest Growing Region | Asia-Pacific |
Nature of the Market | Consolidated |
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The vein illuminator market size stood at USD 88.0 million in 2024, and it is expected to grow at a CAGR of 29.4% during 2024–2030, to reach USD 414.2 million by 2030.
The growth can be primarily ascribed to the surging number of injectable drugs and rising prevalence of chronic disorders. Moreover, the increasing number of functionalities in such devices, including a higher contrast, so that the veins are clearly visible, is propelling the growth of the market.
Moreover, over the years, there has been a significant rise in the number of geriatric patients worldwide. According to the World Health Organization (WHO), between 2015 and 2050, the population above 60 years will increase from 12% to 22% of the total. Additionally, it is expected that in 2050, 80% of the older people will be living in low- and middle-income countries. Since they commonly suffer from chronic and infectious diseases, their veins need to be accessed to draw or administered a variety of agents.
Further, in the obese population, the veins are not visible clearly because the muscles of the venous wall thicken and the elasticity of the skin is lost. Moreover, their blood valves are damaged, and many also suffer from varicose veins. This is why vein illuminators are required, which will, in turn, fuel the market advance. Obesity is a serious health threat faced by several countries across the globe. The rising incidence of obesity is due to the high intake of carbohydrate-rich, sugary, and fatty food and sedentary lifestyles.
According to reports, in 2022, around 1.9 billion adults were overweight, and approximately 650 million people were obese. Out of them, 340 million were adolescents, 650 million were adults, and around 39 million were children. Moreover, more cases have been observed in high-income countries historically, but these conditions are now gaining a foothold in low- and middle-income countries as well.
Various companies are focusing on launching new variants of these devices, to make it easier for the medical community to access the vessels for hematological tests and drug/fluid injection. For instance, in May 2022, NextVein announced the upgraded V800NV vein finder device, which enables easy blood draw and offers enhanced performance.
Further, in April 2020, TransLite LLC announced the launch of the PEDI2 vein illuminator for pediatric patients, which is designed to avoid using multiple needles and make it easier for children to undergo vascular procedures.
Based on technology, the infrared category is expected to showcase the highest CAGR, as IR-based devices make it easy to see the location of the veins and even view deep tissues. Devices based on the infrared technology usually depend on the absorption of IR light by the hemoglobin in the blood and the reflection of the unabsorbed light by the surrounding tissues back to the sensors in the devices. This enables the creation of an image of the location of the veins and its projection on to the skin.
Moreover, in February 2021, AccuVein Inc. announced that the Infusion Therapy Standards released by the Infusion Nurses Society (INS) recommends the use of the near-infrared technology for visualizing the veins, especially for venipuncture procedures. AccuVein’s NIR vein illuminator helps in selecting the veins and assessing peripheral venous sites.
The transillumination category is expected to grow at a considerable rate, because this technology also shows the depth and size of the veins, along with their location. Moreover, it provides a greater contrast, and the devices based on this technology are portable.
Tabletop devices hold the largest share, as they are suitable for use in hospitals and other healthcare settings and provide a better image quality.
Handheld devices are expected to show significant growth over the coming few years as they are easy to use and can be carried anywhere. Various key players are focusing on the development of handheld devices because they are comfortable for patients as well as doctors and nurses.
IV access is a wide application as it is used for providing nutrition, fluid administration, chemotherapy, and medication administration. Along with this, the technological advancements in the field are expected to boost the market. It is quite difficult to administer the above-mentioned agents through injections in patients who are overweight, have suffered from burns, trauma, surgery, and chronic renal failure, or have some kind of scars on their bodies. This will propel the demand for vein illuminators for intravenous access because in these cases, it is difficult to locate the vessels properly.
The usage of these devices for sclerotherapy is also expected to gain attention in the coming years, ascribed to the increasing prevalence of varicose veins among men and women. As per government sites, approximately 25 million people are affected by varicose veins in the U.S.
The market is also growing in several other applications, such as cosmetic procedures, dialysis, vascular procedures, and all those that require the injection of something into patients’ bodies. This is because at that time, doctors and nurses need to visualize the veins in order to avoid puncturing the skin and dermis repeatedly.
Among end users, hospitals dominate the market, as the majority of the procedures that involve injection, such as surgical procedures and blood drawing, are performed the most in hospitals. Moreover, these places have skilled professionals, along with all the requisite facilities, due to which patients prefer them for such treatments. The presence of a large number of hospitals in both developed and developing countries, such as the U.S., the U.K., and China, and the growing healthcare expenditure lead to the easy accessibility and affordability of treatments. Moreover, the presence of skilled professionals and a huge number of patients is boosting the product demand at hospitals.
Research institutes are also using such devices for finding the exact place of the veins, in order to perform various clinical trials.
The growing number of venipuncture procedures propels the demand for vein illuminators because these other procedures require venous access, for which the exact location of the vessels underneath the skin must be found. Puncturing the veins is preferred to arteries due to the former’s thinner walls. Moreover, the blood present in them provides all the relevant information related to cells, proteins, and biomarkers, which helps in the diagnosis of anemia, diabetes, and various other issues.
Furthermore, it is easy to stop the bleeding after puncturing the veins because of the lower blood pressure inside them. In addition, it has also been understood that venipuncture provides more-accurate results and is safer than other methods.
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North America Is Highest Revenue Contributor
The North American vein illuminator market held the largest revenue share in 2023, and it is projected to hold the same position till 2030. The growth in the region is ascribed to the rising personal income, along with the growing focus on health.
In North America, the U.S. holds the leading position, and it will grow with a CAGR of 29.0%, attributed to the rising prevalence of varicose or spider veins and the availability of trained professionals. Moreover, the presence of key players and the rapid adoption of advanced healthcare technologies across the country are propelling the growth.
This report offers deep insights into the vein illuminator market, with size estimation for 2019 to 2030, the major drivers, restraints, trends and opportunities, and competitor analysis.
Based on Type
Based on Technology
Based on Application
Based on End User
Geographical Analysis
The 2030 size of the market for vein illuminators will be USD 414.2 million.
Infrared devices are bought the most in the vein illuminator industry.
The market for vein illuminators is propelled by the rising demand for higher procedural satisfaction among patients undergoing venipuncture.
Hospitals dominate the vein illuminator industry, based on end user.
The growing population of Asia-Pacific is the biggest opportunity in the market for vein illuminators.
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