The vein finder market is projected to grow from USD 49.15 million in 2023 to over USD 113.24 million by 2032, with an estimated compound annual growth rate (CAGR) of 8.7% from 2024 to 2032.
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Report Highlights:
- Near infra-red technology dominated the market with 57% market share in 2023.
- Among vein finder types, tabletop models secured the top spot in 2023 capturing a 55% market share.
- Hospitals and clinics held the largest market share with 62% in 2023.
- Impact of technology integration on the vein finder market.
According to the World Health Organization, by 2050, the number of people aged 60 and older will double, reaching 2.1 billion, while those aged 80 or older will triple to 426 million. With the aging population, more people will face health challenges, making vein finding harder. This increased demand calls for advancements in vein finder technology.
The vein finder market deals with devices designed to help healthcare professionals locate veins in patients’ bodies. These devices use various technologies like near-infrared light to illuminate veins, making them easier to see, especially in patients with difficult-to-locate veins, such as children, elderly individuals, or those with darker skin tones.
The importance of vein finders lies in their ability to assist medical staff in tasks like venipuncture (drawing blood), inserting IV lines, or administering medications. By accurately identifying veins, these devices can reduce patient discomfort, minimize the risk of complications like bruising or multiple needle sticks, and improve overall efficiency in medical procedures.
For instance,
- Improper use or sharing of syringes can cause different infections acquired in hospitals or elsewhere. According to the World Health Organization (WHO), approximately 1.7 million individuals contracted Hepatitis B, 315,000 Hepatitis C, and over 33,800 HIV infections due to unsafe injections. The increasing incidence of infections from unsafe injections is anticipated to drive the acceptance of these tools by medical practitioners. Implementing these devices will reduce infections, alleviating the strain on hospitals and patients.
Vein finders have a range of applications across different medical settings, including hospitals, clinics, emergency rooms, and even in-home healthcare. They are precious when vein visibility is poor or healthcare providers must work quickly and accurately.
For instance,
- The growing popularity of mobile health is expected to increase the use of vein finders in hospitals and clinics. In 2020, there were over 350,000 health apps available for download. Newer mobile apps with advanced technology can now scan patients’ skin to locate veins.
- According to National Institute of Health, a research involving 242 individuals was conducted to assess the effectiveness of the newly developed vein finder device in visualizing and mapping veins on the arm and dorsal hand sites. Factors such as, age, height, weight (for BMI calculation), skin tone, gender and arm circumference were considered variables during the evaluation.
Vein Finder Market Companies
- AccuVein Inc.
- Christie Medical Holdings, Inc.
- Veincas Ireland Ltd.
- Novarix Ltd.
- TradeMed.com
- Medline Industries, LP
- B. Braun Medical Inc.
- VINO Optics
- TransLite LLC
- Venoscope
Vein Finder Market Segments
By Technology
- Near Infrared
- Ultrasound
- Transillumination
By Portability
- Tabletop Vein Finder
- Portable Vein Finder
By End Users
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Blood Banks
- Specialized Clinics
- Other End Users
By Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
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