Global Vein Finders Market Size By Type (Active Vein Finders, Passive Vein Finders), By Application (Blood Draw/Venipuncture, IV Access), By End-User (Hospitals, Ambulatory Surgical Centers, Specialized Clinics, Blood Donation Centers), By Geographic Scope And Forecast
Report ID: 40482|No. of Pages: 202
Global Vein Finders Market Size By Type (Active Vein Finders, Passive Vein Finders), By Application (Blood Draw/Venipuncture, IV Access), By End-User (Hospitals, Ambulatory Surgical Centers, Specialized Clinics, Blood Donation Centers), By Geographic Scope And Forecast
Vein Finders Market Size And Forecast
Vein Finders Market size was valued at USD 302.98 Million in 2024 and is projected to reach USD 1138.87 Million by 2031, growing at a CAGR of 18.00% from 2024 to 2031.
The surge in the aging populace affected by chronic ailments and resulting in rising in the cases of hospitalizations will prompt the expansion of the vein finders industry over the estimated timespan. Additionally, the flourishing fashion sector and emerging personal care & cosmetic industries will steer the growth of the Vein Finders Market over the projected timeframe. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Vein Finders Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Global Vein Finders Market Definition
Vein finders are the major tools that are utilized by medical service providers at the time of performing venipuncture and hence facilitate the detecting of invisible veins without causing any discomfort to the patients. Furthermore, this equipment is used for identifying veins that are beneath the skin. Hence these devices help in finding veins that are difficult to recognize, thereby offering assistance for drawing blood IV access in many of the groups of patients that include obese individuals & the aging population. Apparently, these products find a spectrum of applications in outpatient clinics, ambulatory surgical units, home care settings, and diagnostic laboratories. The main motive of using these tools is to offer superior healthcare services to patients.
Vein finders are one of such helpful tools gaining traction in the industry due to several advantages they offer. These are easy-to-operate tools that are widely utilized for the process of venipuncture. Mainly, there are two products available in the Vein Finders Market, namely, active vein finders and passive vein finders. These products hold the ability to detect prominent veins under the skin and help in drawing the blood without causing any discomfort to the patient. Apart from drawing blood, vein finders are also used to gain IV access in numerous patient groups such as obese, geriatric, pediatric, and people of color when finding a vein is difficult. Vein finders create a real-time visual mapping of veins on the skin surface by using various technologies such as ultraviolet, infrared, and ultrasound.
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Global Vein Finders Market Overview
The surge in the aging populace affected by chronic ailments and resulting in rising in the cases of hospitalizations will prompt the expansion of the vein finders industry over the estimated timespan. Additionally, the flourishing fashion sector and emerging personal care & cosmetic industries will steer the growth of the Vein Finders Market over the projected timeframe. Nonetheless, the vein finders are user-friendly and help in saving the time of physicians, patients, and medical or hospital staff. Furthermore, high consumer satisfaction achieved by hospitals and clinics using the products will boost market trends.
In addition to this, the growing product penetration in the medical, as well as healthcare sector across the globe, can be attributed to the use of vein finders by doctors in locating veins. Moreover, the product provides comprehensive information pertaining to vascular access methods and this will embellish the market expansion over the forecast timeline. Apparently, this has minimized the needle used for drawing blood from the patient and thus helps in alleviating the discomfort & pain caused to the patient as a result of needle insertion. This will further boost the growth of the Vein Finders Market over the estimated timeline.
Moreover, vein finders are very useful in hospitals, ambulatory surgical centers, outpatient clinics, diagnostic labs, and home care settings. Additionally, a vein finder is also useful at veterinary clinics. The device is not only used for spotting veins in humans but also in animals as well. A vein finder allows simple needle insertion in the veterinary setting, reducing the challenges faced during such operations and therefore allowing more comfort to the animal. Vein finders are easy to use and save valuable time for both nurses and patients. The end-user expansion is boosting the market growth of vein finders. However, the dearth of skilled professionals has the potential to hinder the growth of the Vein Finders Market. In addition, the growing popularity of these products among healthcare professionals is likely to generate stupendous demand opportunities for vendors operating in the global Vein Finders Market in the years ahead.
Global Vein Finders Market Segmentation Analysis
The Global Vein Finders Market is segmented based on Type, Application, End-User, and Geography.
Vein Finders Market, By Type
- Active Vein Finders
- Passive Vein Finders
Based on Type, the market is bifurcated into Active vein finders and Passive vein finders. The active vein finders segment held the major share of the market in 2018. The segment is expected to expand at a high CAGR during the forecast period, owing to the increase in the adoption of active vein finders in hospitals and nursing homes for venipuncture procedures and IV access.
Vein Finders Market, By Application
- Blood Draw/Venipuncture
- IV Access
Based on Application, the market is bifurcated into Blood draw/Venipuncture, and IV Access. The IV Access segment accounted for a significant share of the global market. The Increasing applications of vein illuminators for IV nutritional support, IV fluid administration, IV medication administration, and IV chemotherapy administration coupled with technological advancements in IV cannulation are some of the major factors accounting for its larger share. IV cannulation technique is used by healthcare professionals for IV access, which involves the insertion of a cannula inside the patient’s vein. IV access is used for various purposes, including the administration of medications, parenteral nutrition, chemotherapy, and blood products. IV access allows the collection of blood samples as well as the administration of fluids and IV medications.
Vein Finders Market, By End-User
- Hospitals
- Ambulatory Surgical Centers
- Specialized Clinics
- Blood Donation Centers
Based on End-User, the market is bifurcated into Hospitals, Ambulatory surgical centers, Specialized clinics, and Blood donation centers. The hospital segment is estimated to dominate the overall market in terms of revenue as well as growth rate during the projected period. The high usage rate of vein illuminator in hospitals for diagnosis and treatment of patients is a major factor contributing to the large segment share. In June 2012, Children’s Mercy Hospital and Clinics used illuminators by AccuVein AV 300 for improving and streamlining patient care. Increasing focus on the delivery of advanced healthcare facilities to a patient is expected to further propel the demand for vein illumination devices.
Vein Finders Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of The World
On the basis of Regional Analysis, the Global Vein Finders Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America held the largest revenue share in the Vein Finders Market largely due to the growing demand for technologically advanced medical devices in hospitals and ambulatory care centers. Moreover, the presence of major market players such as Accuvein, Inc. TransLite LLC, Christie Medical Holdings, Inc., and Venoscope LLC is also expected to contribute toward product availability in the region.
Key Players
The “Global Vein Finders Market ” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Christie Medical Holdings, Inc., AccuVein, Inc., TransLite, LLC, Near Infrared Imaging, Inc., Teleflex Incorporated (VueTek Scientific, LLC), Venoscope, Koninklijke Philips N.V., B. Braun Melsungen AG, VINO Optics, and Becton, Dickinson, and Company.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2021-2023 |
| Unit | Value (USD Million) |
| Key Companies Profiled | Christie Medical Holdings, Inc., AccuVein, Inc., TransLite, LLC, Near Infrared Imaging, Inc., Teleflex Incorporated (VueTek Scientific, LLC), Venoscope, Koninklijke Philips N.V., B. Braun Melsungen AG, VINO Optics, and Becton, Dickinson, and Company. |
| Segments Covered | By Type, By Application, By End-User, and By Geography |
| Customization scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL VEIN FINDERS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL VEIN FINDERS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL VEIN FINDERS MARKET, BY TYPE
5.1 Overview
5.2 Active vein finders
5.3 Passive vein finders
6 GLOBAL VEIN FINDERS MARKET, BY APPLICATION
6.1 Overview
6.2 Blood draw/Venipuncture
6.3 IV Access
7 GLOBAL VEIN FINDERS MARKET, BY END-USER
7.1 Overview
7.2 Hospitals
7.3 Ambulatory surgical centers
7.4 Specialized clinics
7.5 Blood donation centers
8 GLOBAL VEIN FINDERS MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East & Africa
9 GLOBAL VEIN FINDERS MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 Christie Medical Holdings, Inc
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 AccuVein, Inc.
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 TransLite, LLC
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Near Infrared Imaging, Inc
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Teleflex Incorporated (VueTek Scientific, LLC)
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Venoscope
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Koninklijke Philips N.V.
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 B. Braun Melsungen AG
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 VINO Optics
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Becton, Dickinson, and Company
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
11 Appendix
11.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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