Vascular Closure Devices Market Is Anticipated To Reach $1.3 Billion By 2024: Grand View Research, Inc.
The global vein illuminator market is expected to reach USD
358.5 million by 2024, according to a new report published by Grand View
Research, Inc. The vein illuminator market is anticipated to witness a
lucrative growth during the period 2016 to 2024. The factors contributing
towards the growth of the market are the growing aging population and the
efforts channelized towards improving patient satisfaction. Additionally,
factors, such as the demand for technologically advanced medical equipment and
the rising research and practical applications are expected to be opportunistic
for the industry growth. However, the prevalence of traditional methods owing
to the high costs of the vein illuminator devices is likely to hinder the
growth of the market in the near future.
The vein illuminator market is segmented on the basis of
technology, application, end-user, and region. Based on technology, the market
is further categorized into transillumination, infrared technology, and
ultrasound. The near-infrared illumination technology is estimated to be the
largest shareholder due to its ability to penetrate deep into the tissue, which
makes it possible to visualize the vessels clearly.
On the basis of application, the market is segmented into
intravenous access and blood draw. The end-user segment comprises hospitals,
rehabilitation facilities, blood donation camps, and academic institutions. The
market for hospitals is expected to grow rapidly during the forecast period due
to a surge in the demand for technologically advanced medical equipment. The
market is also categorized into North America, Europe, Asia Pacific, MEA, and
Latin America.
Browse full research report on global Vein Illuminator Market: http://www.grandviewresearch.com/industry-analysis/vein-illuminator-market
Further key findings from the study suggest:
- In
terms of market share, the North America vein illuminator market is
expected to hold majority of the share in 2016. Factors resulting in the
growth of this industry are the steady preference for highly-advanced
medical devices by hospitals as well as the presence of several medical
device manufacturing companies in the region.
- The
infrared illumination technology is estimated to lead the industry due to
its deep penetration capability into thick tissues tohighlight the
presence of vessels with increased clarity. Based on application, the
segment for intravenous access is estimated to be the largest shareholder,
followed by the blood draw segment.
- The
vein illuminator industry comprises several local as well as global
players. Some prominent players in this industry include Accuvein,
Inc., Christie Medical Holdings, Inc., Infrared Imaging Systems, Inc.,
Translite, LLC, and Venoscope, LLC,among others. In order to hold a major
share in the industry, the companies are adopting both organic as well as
inorganic strategies. The major strategies adopted by the companies are
new product development, mergers, collaborations, partnerships,
geographical expansions, and acquisitions.
- The
companies are also focusing on research and development activities in
order to enhance their product portfolio. For instance, in September 2015,
Accuvein, Inc., declared its 26th patent, which was issued
by the United States Patent and Trademark office for their vein
visualization system.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the vein illuminator
market on the basis of technology, application, and end-user application:
Vein Illuminator Technology Outlook (Revenue, USD
Million, 2013 - 2024)
- Transillumination
- Infrared
technology
- Others
Vein Illuminator Application Outlook (Revenue, USD Million,
2013 - 2024)
- Intravenous
access
- Blood
draw
- Others
Vein Illuminator End-user Outlook (Revenue, USD
Million, 2013 - 2024)
- Hospitals
- Blood
donation camps
- Academic
institutions
- Others
Vein Illuminator Regional Outlook (Revenue, USD
Million, 2013 - 2024)
- North
America
- Europe
- Asia
Pacific
- Latin
America
- MEA
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-vein-illuminator-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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