The Global Vein Illuminator Market Size accounted for USD 171 Million in 2021 and is estimated to achieve a market size of USD 1,757 Million by 2030 growing at a CAGR of 30.0% from 2022 to 2030. The vein illuminator market is expected to grow due to the increased demand for simple vein visualization in geriatric, dark-skinned, obese, as well as neonatal patients. Furthermore, rising demand for intravenous drugs to treat a number of ailments is expected to propel the vein illuminator market growth.

Vein Illuminator Market Report Key Highlights

• Global vein illuminator market revenue is expected to increase by USD 1,757 million by 2030, with a 30.0% CAGR from 2022 to 2030.
• North America vein illuminator market led with more than 35% market share in 2021
• Among end-use, hospital sector engaged more than 45% of the total market share
• Europe is expected to grow at a moderate pace and have a substantial market revenue share in 2021
• According to AccuVein's clinical research, using the vein illuminator dramatically reduced pain during venipuncture in DVA patients by 39%
• Increasing proportion of obese, geriatric, dark-skinned, and Medicaid patients, drives the vein illuminator market size

Vein illuminator is used to provide a real-time accurate image of the vasculature on the skin surface and help clinicians and nurses to verify the vein status and reduces the risk of mal puncture. The handheld vein illuminators are easy to carry with no patient contact.

Global Vein Illuminator Market Dynamics

Market Drivers

• Increase in phlebotomy/venipuncture procedures
• Attempts to ease pain by use of various needle sticks
• Increasing numbers of obese, geriatric, dark-skinned, & Medicaid patients
• Growing demand for intravenous drugs

Market Restraints

• High cost of devices
• The predominance of traditional methods

Market Opportunities

• Expanding biometric banking applications
• Growth in drug development

Vein Illuminator Market Report Coverage

The growing numbers of the geriatric and chronic disease population across the globe are supporting the vein illuminator market value. The increasing healthcare expenditure along with the increasing usage of vein illuminators in the healthcare sector is accelerating the vein illuminator market growth. The increasing success rate of blood draws at the first attempt with the help of vein illuminators is further propelling the demand in the market. The increased patient satisfaction due to reduced risk of mal puncture is additionally boosting the vein illuminator market trend. Furthermore, the increasing number of biometric banking applications is projected to create potential opportunities over the forecast period from 2022 to 2030.

On the other side, the preferences of traditional methods of vein detection are projected to restrict the growth to an extent over the estimated period from 2022 to 2030.

 Vein Illuminator Market Segmentation

The global vein illuminator market segmentation is based on technology, application, end-use, and geography.

Vein Illuminator Market By Technology

• Transillumination
• Ultrasound
• Infrared

In terms of technology, the infrared segment is expected to grow at a faster pace over the projection period. This expansion is mostly due to its capacity to penetrate profoundly located tissues, allowing visibility of the deep-seated vascular system. The venous blood absorbs the infrared light, and an exact picture of the underneath vein is displayed. Since near-infrared illumination is simple and inexpensive, it is extensively used in emergency circumstances.

Vein Illuminator Market By Application

• Intravenous Access
• Blood Draw
• Others

According to the vein illuminator market forecast, the intravenous access segment is predicted to increase significantly in the market over the next few years. This increase is primarily attributable to factors such as increased demand for minimally invasive medical procedures such as venipuncture. Vein illuminators, which aid in the resolution of issues connected to faulty venipuncture, promote the growth of the intravenous access segment. Blood extraction is a time-consuming technique in both adolescent and elderly patients. Vein illuminators enhance patient comfort by removing the requirement for a second venipuncture.

Vein Illuminator Market By End-Use

• Hospitals
• Academic Institutions
• Blood Donation Camps
• Others

According to the vein illuminator industry analysis, the hospital segment is projected to exhibit the fastest growth with major CAGR over the estimated period from 2022 to 2030. The increasing number of hospitals across the globe is primarily supporting the market value. The increasing demand for advanced devices in hospitals by healthcare professionals to increase patient comfort and safety is further supporting the segmental market value. The increasing government support for the development of new and advanced hospitals in developing economies across the globe is further accelerating the segmental market value. The emerging economies along with their increasing per capita income are propelling the segmental market value.

Vein Illuminator Market Regional Outlook