Global Vein Illuminator Market Overview:
Vein illuminator is a device having visualizing technology which helps healthcare professionals to locate a superficial vein for venipuncture. This is a hand held device which can be hold above the skin of the patient. Vein illuminator market revenue is growing with a significant rate, this is attributed to increasing usage of this device during majority of peripherally inserted central catheter (PICC) procedures in hospitals. and may see market size of USD282.7 Million by 2024.
- Increased Success Rate of Blood Draw at First Attempt
- Growing Numbers of Elderly and Chronic Sick Population
- Increasing Patient Satisfaction Owing to Reduced Pain, Trauma and Invasive Treatment Footprint
- Technological and Product Developments Includes Advances in Optics, Greater Contrast and Resolution
- Prevalence of Traditional Methods of Vein Detection Hinders the Adoption of Vein Illuminators
- Lack of Awareness in Developing Economies
- Increasing Biometric Banking Applications
- Growing Inclination of Nurses and Doctors to Use Technologically Advanced Devices for the Treatment
- Surging Investments in the Healthcare Expenditures
- High Cost of Devices May Limit the Growth of Vein Illuminator Market
Some of the key players profiled in the report are AccuVein Inc. (United States), Christie Medical Holdings, Inc. (United States), TransLite LLC. (United States), Venoscope LLC. (United States), Sharn Anesthesia (United States), VueTek Scientific (United States), InfraRed Imaging Systems (United States), ZD Medical Inc. (United States), Cambridge Medical (Asia) Private Limited(Singapore) and Near Infrared Imaging Inc. (United States). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Vein Illuminator market by 2024. Considering Market by Technology, the sub-segment i.e. Near Infrared Illumination (NIR) will boost the Vein Illuminator market. Considering Market by End User, the sub-segment i.e. Hospitals will boost the Vein Illuminator market.
In March 2018, AccuVein Inc. announced the launch of the AccuVein AV400 vein viewing system. The AV400 can see veins up to 10mm deep, and is expected to easily detecting large and small veins. An inverse mode has been added that further helps to highlight small veins.
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Vein Illuminator market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Vein Illuminator market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists, Investment Houses, Consulting Firms, End-user, Infrared and Ultrasound Technology Providers, Component Suppliers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.