Vein Illuminator Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Vein Illuminator Market is segmented by Application ( Venipuncture Assistance, IV Access, Sclerotherapy, Others), End-User ( Hospital, Blood Camp, Rehabilitation, Academic Institution, Parademic Application, Others ) and Geography.

Market Snapshot

Vein Illuminator Market Summary
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: North America
Largest Market: North America
CAGR: 31.3 %
Vein Illuminator Market Major Players

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The Vein Illuminator Market was valued at USD 75.45 million in 2020 and expected to reach USD 383.48 million by 2026 and grow at a CAGR of 31.3% over the forecast period (2021 - 2026). Hospitals are the major. Hospitals have been the prime beneficiaries of such products, owing to the ease of performing blood draw activities because of this product, the demand is increasing and driving the market. Successful blood draws in the first attempt due to this product is increasing customer satisfaction, owing to which the need for the product is rising at the end-user industries.

  • According to world population review, the number of obese people in the world is approximately 2.1 billion, and the numbers ar eon the rise. Over 3 million people each year die from obesity, and many governments are spending on healthcare and awareness. Obesity remains a significant hurdle for conducting venipuncture-based procedures; body fat makes it difficult to detect the veins.
  • The American Red Cross has a critical need for type O blood donations and is currently calling for individuals to donate the blood. Presently, there are just six units of type O blood available for every 100,000 people; this number is required to be two times of what it is currently. Drives like these are expected to increase the demand for the product.
  • The increasing hygiene regulations in the medical field is also increasing the demand for vein illuminators. Such standards mandate the use of these products for the insertion of catheters and syringes. The Infusion Nurses Society(INS) is one such institution that has mandated the use of vein visualization technology.
  • According to a report by the National Health Service(NHS) of Scotland, 80% of the occupational needlestick injuries could have been avoided with the usage of a safety device.

Scope of the Report

Vein illumination devices use infrared technology to reveal the structure of the vein. The market for vein illumination device has witnessed a strong growth owing to various advantages offered by the devices, such as increased work efficiency, a decrease in the number of errors during the procedure, etc.
By Application
Venipuncture Assistance
IV Access
Other Applications
By End User
Blood Camp
Academic Institution
Parademic Application
Other End Users
North America
Latin America
Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Growing Healthcare Spending and Equipment Market Expected to Drive the Market

  • Based on Centers for Medicare & Medical Services data the US government's national healthcare spending is projected to grow at an average rate of 5.5% per year from 2018-27 and reach nearly USD 6 trillion by 2027. This is expected to drive the market. 
  • The Indian healthcare industry is experiencing rapid changes and growth and has become the country's one of the largest sectors. According to the International Trade Association, India's USD 150 billion healthcare market in 2018 is expected to reach USD 280 billion. Healthcare in India consists of hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment.
  • The rise of medical procedures is expected to drive the market demand positively. According to the American Society of Plastic Surgeons, almost 18 million people underwent surgical and minimally invasive cosmetic procedures in the US during 2018. 
  • Companies, such as AccuVein, have been increasingly suggesting the need for such technologies. The use of AccuVein technologies has increased the chance of a successful first-time stick by about 3.5 times the existing success rate.
Vein Illuminator Market - Expenditure on Surgical and Non-Surgical Cosmetic Procedures, In SD Billions, US, 2018

North America Holds A Significant Share of the Market

  • According to the CDC report, the prevalence of obesity among adults aged 20 and over in the US during fiscal 2018 stood at 31.7%. These factors further emphasize the need for vein visualization techniques for accurate procedures.
  • The US is currently a prominent market for medical equipment for both imports and exports. According to MFDS, Korea exported USD 618.69 million worth of medical equipment to the US during fiscal 2018. 
  • Canada is one of the significant markets for the healthcare industry, during fiscal 2018 the number of procedures submitted to CJRR stood at 94,439. The growth in the number of procedures done is expected to drive the market for vein illuminators. 
  • Canada has a prominent medical device market; according to EMERGO Canada's medical device market is expected to reach USD 8.6 billion by 2020 and device imports account for 80% of the medical device market. 
Vein Illuminator Market - Growth Rate by Region (2019 - 2024)

Competitive Landscape

The market is currently fragmented with few smaller vendors who are trying to innovate the technology offerings on their product line. The major companies include AccuVein Inc., VueTek Scientific LLC, Venoscope LLC, Christie Medical Holdings Inc., Near Infrared Imaging Inc., and many more. 

  • MARCH 2019 - AccuVein’s 40th patent was issued by The United States Patent and Trademark Office, extending the protection of AccuVein’s market-leading Vein Visualization System. The company's patents are still pending in the United States and around the world.

Major Players

  1. AccuVein Inc

  2. VueTek Scientific LLC

  3. Venoscope LLC

  4. Christie Medical Holdings Inc.

  5. Sharn Anesthesia

Vein Illuminator Market Concentration

Table of Contents


    1. 1.1 Scope of the Study

    2. 1.2 Key Study Deliverables

    3. 1.3 Study Assumptions




    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Increased Success Rate of Blood Draw at First Attempt

      2. 4.3.2 Increased Patient Satisfaction

    4. 4.4 Market Restraints

      1. 4.4.1 Higher Costs

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Bargaining Power of Suppliers

      2. 4.5.2 Bargaining Power of Buyers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry


    1. 5.1 By Application

      1. 5.1.1 Venipuncture Assistance

      2. 5.1.2 IV Access

      3. 5.1.3 Sclerotherapy

      4. 5.1.4 Other Applications

    2. 5.2 By End User

      1. 5.2.1 Hospital

      2. 5.2.2 Blood Camp

      3. 5.2.3 Rehabilitation

      4. 5.2.4 Academic Institution

      5. 5.2.5 Parademic Application

      6. 5.2.6 Other End Users

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 Latin America

      5. 5.3.5 Middle East & Africa


    1. 6.1 Company Profiles

      1. 6.1.1 AccuVein Inc

      2. 6.1.2 VueTek Scientific LLC

      3. 6.1.3 Venoscope LLC

      4. 6.1.4 Christie Medical Holdings Inc.

      5. 6.1.5 Near Infrared Imaging Inc.

      6. 6.1.6 Sharn Anesthesia

      7. 6.1.7 Zd Medical Inc.

      8. 6.1.8 TransLite LLC.

      9. 6.1.9 Venoscope LLC

      10. 6.1.10 Cambridge Medical (Asia) Private Ltd

    2. *List Not Exhaustive


**Subject to Availability
You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Vein Illuminator Market market is studied from 2018 - 2026.

The Vein Illuminator Market is growing at a CAGR of 31.3% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

AccuVein Inc, VueTek Scientific LLC, Venoscope LLC, Christie Medical Holdings Inc., Sharn Anesthesia are the major companies operating in Vein Illuminator Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!