Vein Finders Market Size, Share Report, Analysis, Trends, Growth 2032

Vein Finders Market: Industry Prospective

The global Vein Finders market size accrued earnings worth approximately USD 239 Million in 2023 and is predicted to gain revenue of about USD 685.5 Million by 2032, is set to record a CAGR of nearly 12.54% over the period from 2024 to 2032.

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Vein Finders Market: Introduction

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, these equipment are 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 group of patients that include obese individuals & aging population. Apparently, these products find a spectrum of applications in outpatient clinics, ambulatory surgical units, home care settings, and diagnostic laboratories.

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Vein Finders Market Growth Dynamics

Surge in the aging populace affected from chronic ailments and resulting in rise in the cases of hospitalizations will prompt the expansion of vein finders industry over the estimated timespan. Additionally, flourishing fashion sector and emerging personal care & cosmetic industries will steer the growth of vein finders market over the projected timeframe. Nonetheless, the vein finders is user-friendly and helps 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 the 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 method and this will embellish the market expansion over the forecast timeline. Apparently, this has minimized the needle use for drawing of blood from the patient and thus help in alleviating the discomfort & pain caused to patient as a result of needle insertion. This will further boost the growth of the vein finders market over the estimated timeline.

Vein Finders Market: Report Scope

Vein Finders Market: Segmentation Analysis

Based on their type, we divide the market into two categories: active vein finders and passive vein finders. In 2018, the active vein finder segment dominated the market. We project the market to experience significant growth during the forecast period, primarily due to the rising utilization of active vein finders in hospitals and nursing homes for venipuncture operations and IV access.

Based on application, we divide the market into two categories: blood draw/venipuncture and IV access. The IV Access category constituted a substantial portion of the worldwide market. Its huge market share is due in large part to improvements in IV cannulation technology and the growing use of vein illuminators in a wide range of medical procedures, such as IV nutrition support, IV fluid administration, IV medicine administration, and IV chemotherapy administration. Healthcare practitioners utilize the IV cannulation procedure to gain access to a patient's vein by inserting a cannula. Healthcare practitioners utilize intravenous (IV) access for various functions, including drug delivery, parenteral nutrition, chemotherapy administration, and transfusion of blood products. Intravenous (IV) access enables the retrieval of blood samples, as well as the delivery of fluids and IV medicines.

Based on the end-users, we divide the market into four categories: hospitals, ambulatory surgery centers, specialized clinics, and blood donation centers. We expect the hospital segment to dominate the total market during the projected period, with the highest revenue and growth rate. Hospitals widely use vein illuminators for patient diagnosis and treatment, contributing to their significant market share. In June 2012, Children's Mercy Hospital and Clinics implemented AccuVein AV 300 illuminators to enhance and optimize patient care. We anticipate that the growing emphasis on providing sophisticated healthcare services to patients will drive the need for vein lighting technologies.

North American Market To Establish Numero Uno Position By 2032

The market elevation in North American sub-continent over the forecast timespan is due to surge in the number of cosmetic surgeries in the countries such as the U.S. leading to huge demand for vein finders. For the record, nearly 1.8 million injectable cosmetic surgical procedures were carried out in the U.S. during 2017 and vein finders were used in these procedures for finding the veins to prevent the subjects from getting hurt. 

Key players profiled in the report include Near Infrared Imaging, Inc., B. Braun Melsungen AG, AccuVein, Inc., Becton, Dickinson & Company, Koninklijke Philips N.V., TransLite, LLC, Christie Medical Holdings, Inc., Venoscope, Teleflex Incorporated, and VINO Optics.

The global vein finders market is segmented as follows:

By Type

• Active Vein Finders
• Passive Vein Finders

By Application

• Blood Draw/Venipuncture
• IV Access
• Others

By End-user

• Hospitals & Ambulatory Surgical Centers
• Specialized Clinics
• Blood Donation Centers
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa