Market Size of Vein Illuminator Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 339.29 Million |
| Market Size (2029) | USD 946.29 Million |
| CAGR (2024 - 2029) | 22.77 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Vein Illuminator Market Analysis
The Vein Illuminator Market size is estimated at USD 339.29 million in 2024, and is expected to reach USD 946.29 million by 2029, growing at a CAGR of 22.77% during the forecast period (2024-2029).
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.
