Dublin, Aug. 24, 2023 (GLOBE NEWSWIRE) -- The "Vein Illumination Technologies: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Vein Illumination Technologies estimated at US$166 Million in the year 2022, is projected to reach a revised size of US$1.3 Billion by 2030, growing at a CAGR of 29.2% over the analysis period 2022-2030.
Transillumination, one of the segments analyzed in the report, is projected to record a 27.4% CAGR and reach US$507.6 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Infrared segment is readjusted to a revised 32.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $63.4 Million, While China is Forecast to Grow at 35% CAGR
The Vein Illumination Technologies market in the U.S. is estimated at US$63.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$106.2 Million by the year 2030 trailing a CAGR of 35% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25% and 25.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 28.6% CAGR.
Select Competitors (Total 35 Featured) -
- AccuVein Inc
- BLZ Technology (Wuhan) Co., Ltd
- Braun Medical Inc
- Christie Medical Holdings, Inc
- Sharn Anesthesia
- TransLite LLC
- Venoscope, LLC
- Vivolight
- ZD Medical Inc
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 238 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $166 Million |
| Forecasted Market Value (USD) by 2030 | $1300 Million |
| Compound Annual Growth Rate | 29.3% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- COVID-19 Burden Fuels Adoption of Vein Finders to Save on Precious Time & Improve Patient Care
- Vein Illuminators Market Remains Offset by Postponement of Elective and Non-essential Surgeries, and a Decline in Blood Donations
- Vein Illumination Technologies to Witness Rapid Growth Post COVID-19
- Vein Illumination Technologies - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- By Application, Intravenous Access Holds a Major Share
- Technology Landscape
- Transillumination Technology Leads the Vein Illlumination Market
- Near Infrared Technology to Exhibit Fastest Growth
- Ultrasound Vein Illumination Technology: Also a Significant Market
- The US Dominates the Market, Asia-Pacific to Witness Fastest Growth
- Competition
- Select Popular Vein Finders Used by Medical Professionals to Find Veins Easily & Quickly
- AccuVein
- AccuVein AV400
- VeinViewer Vision2
- CMS Vein Finders
- Veinlite
- VeinSight Vein Finders
- VPism
- VeinViewer
- VeinSight & AccuVein: Most Popular Vein Illuminators Globally
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Vein Finders Present Effective Solution for Medical Staff to Master Phlebotomy
- Sclerotherapy Using Vein Illumination for Treatment of Varicose and Spider Veins
- Game-Changing Vein Illumination Devices Help Injectors Precisely Avoid Veins during Aesthetic Procedures
- Aging Population Propels the Demand for Vein Illumination Technologies
- Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Increasing Healthcare Expenditure to Foster Growth
- World Healthcare Expenditure (In US$ Trillion) for the Years 2016 & 2018
- Rising Incidence of Chronic Diseases Fuels Demand for Vein Illuminators
- Global Cancer Incidence by Region: 2018
- Global Cancer Incidence by Type: 2018
- High Incidence of Preterm Births to Propel the Demand for Vein Illuminators
- Countries with High Rate of Preterm Births Worldwide
- Obesity Concerns Raise Significance of Vein Illumination Technologies
- Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030P
- Rising Incidence of Hospital Acquired Infections Propel Demand
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/22a2gr
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