What Has Been The Evolution of the Vein Illumination Devices Market in Recent Years?
The vein illumination devices market has seen considerable growth due to a variety of factors.
• The vein illumination devices market has grown rapidly in recent years. It will increase from $0.55 billion in 2024 to $0.62 billion in 2025, at a CAGR of 13.0%.
The growth is driven by the higher use of these devices for venous access during the COVID-19 pandemic, increasing awareness among healthcare professionals, rising healthcare spending, patient education efforts, and the growing use of intravenous drugs, both medically and illicitly.
What Is the Forecasted Market Size and Growth Rate for The Vein Illumination Devices Market Size In The Coming Years?
The vein illumination devices market is expected to maintain its strong growth trajectory in upcoming years.
• The vein illumination devices market is expected to grow rapidly, reaching $1 billion by 2029 with a CAGR of 12.6%.
Growth is driven by increased healthcare infrastructure investment, improved medical training, and rising demand for venipuncture assistance. Trends include miniaturization, wireless features, augmented reality solutions, and hybrid imaging technologies.
What Factors Are Driving Growth In The Vein Illumination Devices Market?
The vein illumination devices market's growth is expected to be fuelled by the rising occurrence of venous disorders such as deep vein thrombosis and varicose veins. Such disorders hinder blood circulation in veins, leading to symptoms like swelling, pain and skin changes. Aging could weaken vein valves, reducing blood flow and causing venous disorders. Moreover, hormonal changes associated with menopause or usage of certain medications, like birth control pills, could impact vein function. Vein illumination devices are crucial in managing these disorders as they bolster vein visibility, making procedures like intravenous access, blood draws, and sclerotherapy safer and more accurate. This cuts down on complications and boosts patient outcomes. For example, the UK's independent health charity, the Nuffield Trust, reported a notable 21% surge in Venous Thromboembolism (VTE) cases from 9,030 to 10,884 between 2019-20 and 2020-21. Consequently, the rising occurrence of venous disorders like deep vein thrombosis and varicose veins stimulates the vein illumination devices market. The swelling demand for minimally invasive procedures is another factor projected to spur the vein illumination devices market's expansion. Such procedures make use of small incisions or entry points, leading to less tissue damage and quicker recovery periods compared to conventional surgical methods. Patients are increasingly choosing these techniques for diagnosis and treatment of vein-related conditions as they improve patient comfort, reduce the risk of complications, and have shorter recovery periods. By visualizing veins distinctly, vein illumination devices improve the precision and safety of needle insertions during minimally invasive procedures. This reduces complications, enhances patient comfort, and boosts the success rate of venipuncture and catheter placements. For example, as per the American Academy of Facial Plastic and Reconstructive Surgery, precisely 83% of medical procedures carried out in 2023 were minimally invasive while the remaining 17% were traditional surgical methods. Therefore, the growing demand for minimally invasive procedures propels the vein illumination devices market.
What Are The Main Segments Of The Global Vein Illumination Devices Market?
The vein illumination devices market covered in this report is segmented –
1) By Product Type: Table-Top Devices, Hand-Held Devices
2) By Technology: Transillumination, Near Infrared Illumination, Ultrasound Technologies
3) By Application: Intravenous Access, Blood Draw, Venipuncture Assistance, Sclerotherapy, Other Applications
4) By End-User: Hospitals And Clinics, Rehabilitation Facilities, Blood Donation Camps, Academic Institutions, Nursing Homes, Other End-Users
Subsegments:
1) By Table-Top Devices: Desktop Or Stationary Vein Illuminators, Wall-Mounted Vein Illumination Systems
2) By Hand-Held Devices: Portable Vein Illuminators, Mobile Or Compact Vein Detection Devices
Pre-Book The Vein Illumination Devices Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Shaping The Vein Illumination Devices Market?
Leading businesses in the vein illumination devices market are innovating with near-infrared vascular imaging technology to significantly boost the precision and effectiveness of medical procedures. The advancement of this imaging technology allows for non-invasive, high-resolution viewing of blood vessels, which in turn enhances diagnostic precision and the planning of treatments. For example, in April 2022, Christie Medical Holdings, a company based in the US that specializes in medical devices, introduced VeinViewer. VeinViewer is a sophisticated near-infrared imaging tool that displays live, high-definition images of veins onto the patient's skin, thus improving the precision and efficacy of medical procedures. It can highlight veins up to 10 millimeters deep and is utilized in plasma donation centers to enhance the experience for donors and the success rate of procedures.
Who Are the Key Players In The Vein Illumination Devices Market?
Major companies operating in the vein illumination devices market are:
• Siemens Healthineers
• Koninklijke Philips N.V.
• Baxter International Inc.
• Olympus Corporation
• B. Braun Medical Inc.
• AngioDynamics
• Canon Medical Systems Corporation
• Veinlite
• AccuVein Inc.
• Delta Medical International Ltd.
• Christie Medical Holdings Inc.
• Venoscope
• Near Infrared Imaging
• BLZ Technology Inc.
• Aimvein.com
• Evena Medical
• ZD Medical Inc.
• SIFSOF LLC
• IBIS Medical
• Infinium Medical Inc.
• Shenzhen Bestman Instrument Co. Ltd.
• DermLite LLC
• Novarix Ltd.
• Wuxi Biomedical Technology Co. Ltd.
• Vino Optics
What Is The Most Dominant Region In The Vein Illumination Devices Market?
North America was the largest region in the vein illumination devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vein illumination devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
