Vein Illuminator Market To Generate $414.2 Million Revenue by 2030

The vein illuminator market size is expected to advance at a CAGR of 29.4% during 2024–2030, to reach USD 414.2 million by 2030. This is ascribed to the fact that using these devices increases patients’ satisfaction, as doctors or nurses do not have to use multiple needles. Moreover, vein illumination offers ease of use and the accurate and quick location of veins.

Some people have less-visible veins. For such patients, these devices offer the advantages of a relatively pain-free procedure of locating and puncturing the blood vessels, because it is often successful in the first attempt. The use of such devices also minimizes the anxiety among patients and makes them more comfortable, especially children and those with a fear of needles and going to the doctor, in general.

Moreover, the visualization of the veins with these devices is fast and rather easy, which implies that after the procedure, patients can return home and get on with their life.

Furthermore, the growing prevalence of chronic diseases is fueling the market advance. For such patients, in order to deliver medications, fluids, or contrast agents, as well as drawing blood and inserting a catheter, doctors need to access the veins. The large population living with chronic disorders often finds vein illumination to be comfort-inducing during venipuncture procedures, as it requires only one prick, and not multiple ones, for entering the veins.

Rising Number of Surgical Procedures Fuels Product Demand

The growing number of surgical procedures boosts the demand for vein illuminators because at the time of surgery, the doctor needs to inject anesthesia in order to prevent pain. The device locates the veins, so that the injection can be given at the accurate spot and the doctor does not need to puncture the vessel more than once.

Due to the unhealthy lifestyles and dietary habits, heart surgeries have become common. More than 500,000 open heart surgeries are performed every year in the U.S. Similarly, approximately 7 million orthopedic surgeries are performed in the country annually, according to government websites. Due to the large number of surgeries performed every year, the usage of vein illuminators for providing injection at the correct place is growing, because this saves time and allows for the treatment of more patients.

APAC Is Expected To Witness Fastest Growth over Forecast Period

APAC is expected to witness the fastest growth, at a CAGR of 30.0%, over the forecast period, attributed to the growing healthcare expenditure and rising geriatric population. Moreover, the growing population of infants and children, along with the advancing healthcare technologies, is propelling the demand for vein illuminators across the region. In APAC, China is growing at a considerable rate owing to the increasing number of blood donation camps and rising focus of the healthcare fraternity on the adoption of advanced technologies.

The market in Europe is also expected to show significant growth, because of the presence of many major players and their continuous product innovations. The demand for these devices in the U.K. is growing at a considerable rate, ascribed to the increasing approvals for these products and growing number of procedures that require injections.

The most-significant vein illuminator market players are AccuVein Inc., Venoscope, Christie Medical Holdings Inc., Sharn Anesthesia, ZD Medical Inc., and TransLite LLC.