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Vein Illumination Devices Market Size
Vein Illumination Devices Market size is poised for rapid growth from 2024 to 2032, propelled by the increasing introduction of advanced devices with proven clinical efficacy in alleviating patient pain, enhancing first stick success, prolonging catheter dwell time, and reducing procedural duration.
Simultaneously, the surge in surgical procedures and the subsequent demand for peripheral IV infusion post-surgery are anticipated to contribute significantly to the industry expansion in the coming years. Vein visualization, also known as a vein finder, is a medical technology utilizing near-infrared (NIR) imaging to identify and accurately visualize peripheral veins beneath the skin for efficient blood draws and IVs. In 2022, studies showed that the crisp projection of vein pattern on patient skin using augmented reality, NextVein helps clinicians lower sticks from 2.5 to 1.4 attempts for every patient utilizing 1/3rd of the time usually used.
Vein Illumination Devices Market Trends
The escalating prevalence of hereditary hemochromatosis and a strong emphasis on increasing public healthcare spending is a major trend driving the industry gains. According to NCBI report, nearly 1 out of every 300 to 500 people have hereditary hemochromatosis. Furthermore, the emphasis on improving access to safe blood and blood products for transfusions is expected to positively impact the overall industry dynamics in the coming years.
Vein Illumination Devices Market Analysis
The transillumination segment is projected to contribute significantly to the revenue of the vein illumination devices industry by 2032 attributed to the widespread use of vein finders based on transillumination technology for peripheral IV cannulation. The technology offers advantages such as reduced pain and effective vein identification. Additionally, the capability of these devices to minimize the risks of bruising and bleeding during cosmetic injectable treatments is expected to further drive segmental expansion.
By 2032, Latin America vein illumination devices market is anticipated to hold a substantial revenue share, driven by the potential increase in the demand for therapeutic phlebotomy to treat sickle cell disease, a prevalent hereditary condition in Brazil. As per PAHO, the percentage of overweight children under 5 years of age were 9.7% in South America in 2022. Overweight and obesity are some of the growing challenges in Americas causing death each year. These factors to influence the adoption of vein illumination devices for improved medical outcomes in the region over the coming years.
Vein Illumination Devices Market Share
Some of the prominent vein illumination devices industry players include:
- AccuVein Inc.
- Christie Medical Holdings, Inc. (CAREstream Medical Ltd.)
- Future Med, Bard Access Systems Inc. (BD)
- Venoscope, LLC
- Ibis Medical
- BLZ Technology Inc.
- TransLite, LLC
- Qingdao Bright Medical Manufacturing
- Sharn Anesthesia
These participants are adopting various strategies, including new product launches and business expansions, to strengthen their footing in the industry.
Vein Illumination Devices Industry News
For instance, in February 2021, AccuVein Inc. announced the recommendation of its NIR vein visualization technology in venipuncture procedures by the Infusion Nurses Society, highlighting its efficacy in reducing patient harm and enhancing cost-effectiveness according to the 2021 Infusion Therapy Standards of Practice.