The Business Research Company has updated all its market reports with the latest information for the year 2024, projecting trends and forecasts until 2033.
The Vein Illuminator by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Vein Illuminator , The vein illuminator market size has grown exponentially in recent years. It will grow from $24.07 billion in 2023 to $29.51 billion in 2024 at a compound annual growth rate (CAGR) of 22.6%. The growth in the historic period can be attributed to medical imaging advancements, growing number of medical procedures, pediatric and geriatric vein access challenges, focus on patient comfort and safety, emergency and critical care settings, rise in blood donation activities. The vein illuminator market size is expected to see exponential growth in the next few years. It will grow to $68.34 billion in 2028 at a compound annual growth rate (CAGR) of 23.4%.
The increasing incidence of vein diseases is expected to drive the growth of the vein illuminator market. Vein diseases, such as chronic venous insufficiency, can cause veins to accumulate pressure, leading to conditions like varicose veins. Factors like blood vessel injury, trauma, intravenous catheters or needles, chemotherapeutic agents, infectious organisms, pregnancy, and varicose veins contribute to a higher risk of superficial thrombophlebitis and vein disease. Healthcare providers require vein illuminators to enhance their ability to diagnose and treat these diseases. For instance, in August 2022, the National Library of Medicine reported that nearly $500 million is spent annually on the care of 150,000 patients suffering from chronic venous insufficiency. Additionally, approximately 1% to 2.7% of patients with chronic venous insufficiency develop a venous stasis ulcer each year, resulting in more than 20,000 new cases of venous ulcers. Therefore, the increasing incidence of vein diseases is a key driver for the vein illuminator market.
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The vein illuminator market covered in this report is segmented –
1) By Technology: Near-Infrared Illumination, Transillumination, Ultrasound Technologies
2) By Application: Intravenous Access, Blood Draw, Other Applications
3) By End User: Hospitals, Rehabilitation Centers, Blood Donation Camps, Academic Institutions
Top Major Players
AccuVein Inc.,
CAREstream Group Inc.,
Sharn Anesthesia Inc.,
Infrared Imaging LLC,
Near Infrared Imaging Inc.
The vein illuminator market report table of contents includes:
1. Executive Summary
- Vein Illuminator Market Characteristics
- Vein Illuminator Market Trends And Strategies
- Vein Illuminator Market – Macro Economic Scenario
- Global Vein Illuminator Market Size and Growth
- Vein Illuminator Market Segmentation
- Vein Illuminator Market Regional And Country Analysis
…………
- Key Mergers And Acquisitions In The Vein Illuminator Market
- Vein Illuminator Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Vein Illuminator Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Vein Illuminator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Vein Illuminator Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…………….
Table 74: AccuVein Inc Financial Performance
Table 75: CAREstream Group Inc Financial Performance
Table 76: Sharn Anesthesia Inc Financial Performance
Table 77: Infrared Imaging LLC Financial Performance
Table 78: Near Infrared Imaging Inc Financial Performance
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