The global vein illuminator
market is expected to reach USD 358.5 million by 2024, according to a new
report published by Grand View Research, Inc. The vein illuminator market is
anticipated to witness a lucrative growth during the period 2016 to 2024. The
factors contributing towards the growth of the market are the growing aging
population and the efforts channelized towards improving patient satisfaction.
Additionally, factors, such as the demand for technologically advanced medical
equipment and the rising research and practical applications are expected to be
opportunistic for the industry growth. However, the prevalence of traditional
methods owing to the high costs of the vein illuminator devices is likely to
hinder the growth of the market in the near future.
The vein illuminator market is
segmented on the basis of technology, application, end-user, and region. Based
on technology, the market is further categorized into transillumination,
infrared technology, and ultrasound. The near-infrared illumination technology
is estimated to be the largest shareholder due to its ability to penetrate deep
into the tissue, which makes it possible to visualize the vessels clearly.
On the basis of application,
the market is segmented into intravenous access and blood draw. The end-user
segment comprises hospitals, rehabilitation facilities, blood donation camps,
and academic institutions. The market for hospitals is expected to grow rapidly
during the forecast period due to a surge in the demand for technologically advanced
medical equipment. The market is also categorized into North America, Europe,
Asia Pacific, MEA, and Latin America.
In depth research report on Vein Illuminator Market
Further key findings from the study suggest:
·
In terms of market share, the
North America vein illuminator market is expected to hold majority of the share
in 2016. Factors resulting in the growth of this industry are the steady
preference for highly-advanced medical devices by hospitals as well as the
presence of several medical device manufacturing companies in the region.
·
The infrared illumination
technology is estimated to lead the industry due to its deep penetration
capability into thick tissues tohighlight the presence of vessels with
increased clarity. Based on application, the segment for intravenous access is
estimated to be the largest shareholder, followed by the blood draw segment.
·
The vein illuminator industry
comprises several local as well as global players. Some prominent players in
this industry include Accuvein, Inc., Christie Medical Holdings, Inc., Infrared
Imaging Systems, Inc., Translite, LLC, and Venoscope, LLC,among others. In
order to hold a major share in the industry, the companies are adopting both
organic as well as inorganic strategies. The major strategies adopted by the
companies are new product development, mergers, collaborations, partnerships,
geographical expansions, and acquisitions.
·
The companies are also focusing
on research and development activities in order to enhance their product
portfolio. For instance, in September 2015, Accuvein, Inc., declared its 26th
patent, which was issued by the United States Patent and Trademark office for
their vein visualization system.
Grand View Research has
segmented the vein illuminator market on the basis of technology, application,
and end-user application:
Vein Illuminator Technology Outlook (Revenue, USD Million,
2013 - 2024)
·
Transillumination
·
Infrared technology
·
Others
Vein Illuminator Application Outlook (Revenue, USD
Million, 2013 - 2024)
·
Intravenous access
·
Blood draw
·
Others
Vein Illuminator End-user Outlook (Revenue, USD Million,
2013 - 2024)
·
Hospitals
·
Blood donation camps
·
Academic institutions
·
Others
Vein Illuminator Regional Outlook (Revenue, USD Million,
2013 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Browse more research reports of this category:
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
No comments:
Post a Comment