The Vein Illuminator Market is expected to register 28.6% CAGR during the forecast period of 2019 to 2025 and held a market value of USD 60.6 Million in 2018.
The global vein illuminator market is driven by factors such as growing numbers of the elderly chronic sick population and increasing healthcare expenditure. Also, the increasing usage of vein illuminator in healthcare sector is anticipated to fuel market growth. The availability of traditional methods is projected to hamper the growth of the market during the assessment period. Moreover, major illuminators in the market are involved in strategic acquisitions, collaborations and mergers to sustain their position in the market. The Global Vein illuminator market has been segmented based on application, technology, end-user and region. The global vein illuminator market, based on technology, has been segmented into transillumination, ultrasound technologies and near-infrared illumination. The transillumination segment is expected to hold a major share in the market due to the rising adoption of these types of devices. The global vein illuminator market, on the basis of application, has been segmented into intravenous access, blood draw and others. The global vein illuminator market, based on end-user, has been bifurcated into hospitals, rehabilitation facilities, academic institutions and others. The market has been divided, by region into the Americas, Europe, Asia-Pacific and Middle-East & Africa. This is due to a large number of market players in the region and the increasing awareness among the people to use technologically advanced devices or systems for their treatment of the routine procedures such as interesting the PICC port or the collection of the blood samples. Europe is also expected to have a good market growth in the coming years owing to the increased usage of the advanced devices in the health care industry, for example, the use of the vein illuminators in the blood donation centres and the pathology laboratories.The key market players in the vein illuminator market include AccuVein Inc., TransLite LLC., Sharn Anesthesia, Infrared Imaging Systems, Cambridge Medical.