Vein Finders Market: Snapshot

With technological advancement in healthcare sector, the healthcare professionals from all across the globe are growing focus toward the use of advanced tools such as vein finders. 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 veinpuncture. Thus, 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.

Mainly, there are two products available in the vein finders market, namely, active vein finders and passive vein finders. These products hold an ability to detect prominent veins under the skin and help in drawing the blood without causing any discomfort to 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. Thus, the increased use of these devices for these patient pools is projected to stimulate promising demand opportunities in the global vein finders market in the forthcoming years.

The global vein finders market is expected to gather promising growth opportunities in the years ahead. One of the key factors driving the demand avenues in the market is increased use of these devices in hospitals and nursing homes all across the globe. Apart from this, the vein finders market is predicted to gather lucrative avenues in the forthcoming years on the back of increased older population, which is at higher risk of getting chronic diseases.

Owing to recent COVID-19 pandemic, there is remarkable rise in the number of laboratory testing procedures carried out worldwide. This scenario has created promising sales opportunities for vendors working in the global vein finders market. Thus, companies are increasing focus toward maintaining the demand–supply ratio. They are strategizing business moves to deal with the impact of the recent pandemic and fulfill the increased market demand.

Global Vein Finders Market – Overview

On a stellar growth trajectory, from 2019 to 2027, the global vein finder market is set to witness massive demand over the forecast period. Having a prominent place in the healthcare industry as an essential tool in venipuncture procedures, the vein finders will see demand arising for a number of factors such as a rapidly ageing population and increase in obesity. To understand the degree to which these factors would contribute to this growth in the market over the forecast period, it is significant to detail out the following factors.

  • One in every six people in the world will be aged 65 and above by 2050. 2 billion people will fall in the age group of 62 and above. World over, some regions will see a more pronounced situation than others. For instance, North America and Europe will have a higher percentage of older people. In Europe, countries such as Spain and Italy will be one of the foremost countries having a humoungous geriatric population.
  • This demographic is susceptible to injuries and diseases and often requires blood and other related pathological testing.  In the year 2018, for the first time number of people in the age bracket stated at the beginning – 65 and above – crossed the number of people aged below 6.
  • Access in people of color and obese people is often a challenge. It is pertinent to note here that obese people often suffer from a number of ailments that require testing and this contributes immensely to the growth of global vein finders market over the forecast period. It is pertinent to note here that since 1975, obesity has tripled.

Global Vein Finders Market - Snapshot

Vein finders are essential tools used by health care professionals during venipuncture procedures that enable detection of invisible veins without causing patient discomfort. These are advanced devices used to detect veins under the skin to draw blood and IV access in various patient groups including geriatric, obese, and people of color where it is difficult to find veins. Increase in the geriatric population suffering from chronic diseases leading to high hospitalization admissions is projected to boost demand for vein finders in the next few years. The global vein finders market was valued at US$ 150.9 Mn in 2018 and is anticipated to expand at a CAGR of 17.0% from 2019 to 2027. 

vein finders market

The global vein finders market has been segmented based on type, application, end-user, and region. In terms of type, the global market has been classified into active vein finders and passive vein finders. The active vein finders segment held major share of the market in 2018. The segment is expected to expand at a high CAGR during the forecast period, owing to increase in adoption of active vein finders in hospitals and nursing homes for venipuncture procedures and IV access. Based on application, the global vein finders market has been categorized into blood draw/venipuncture, IV access, and others. The blood draw/venipuncture segment accounted for significant share of the global market in 2018. Rise in venipuncture procedures across the globe is likely to boost demand for vein detection devices. In terms of end-user, the global market has been segregated into hospitals & ambulatory surgical centers, specialized clinics, blood donation centers, and others. The hospitals & ambulatory surgical centers segment is projected to account for major share of the global market during the forecast period. 

In terms of region, the global vein finders market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for major share of the global market in 2018. Rise in cosmetic surgeries performed in the U.S., leading to increase in demand for vein finders, is a major factor boosting the market in the country. According to the International Society of Aesthetic Plastic Surgery (ISAPS), 1.9 million injectable cosmetic procedures were performed in the U.S. in 2017, of which 0.7 million were hyaluronic acid dermal filler procedures, wherein vein finders were used to locate and avoid veins and minimize bruising in patients. The market in Europe is anticipated to expand at a high CAGR in the near future, owing to rise in prevalence of obesity, which makes vein identification difficult. The market in Asia Pacific is likely to expand at a high CAGR during the forecast period. Large geriatric patient pool and frequent blood tests performed in hospitals & diagnostic labs are projected to propel the market in Asia Pacific in the next few years.

Key players operating in the global vein finders market include 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. These companies have broad product portfolio of vein finders along with strong geographic presence across the globe.

The global vein finders market has been segmented as below:

Type

  • Active Vein Finders
  • Passive Vein Finders

Application

  • Blood Draw/Venipuncture
  • IV Access
  • Others

End-user

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

Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

1. Preface
       1.1. Market Definition and Scope
       1.2. Market Segmentation
       1.3. Key Research Objectives
       1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary : Global Vein Finders Market

4. Market Overview
       4.1. Introduction
              4.1.1. Industry Evolution / Developments
       4.2. Overview
       4.3. Market Dynamics
              4.3.1. Drivers
              4.3.2. Restraints
              4.3.3. Opportunities
       4.4. Global Vein Finders Market Analysis and Forecast, 2017–2027
              4.4.1. Market Revenue Projections (US$ Mn)
       4.5. Porter’s Five Force Analysis

5. Key Insights
       5.1.Key Product/Brand Analysis
       5.2.Pricing Analysis
       5.3.Technological Advancements

6. Global Vein Finders Market Analysis and Forecast, by Type
       6.1. Introduction & Definition
       6.2. Global Vein Finders Market Value Forecast, by Type, 2017–2027
              6.2.1. Active Vein Finders
              6.2.2. Passive Vein Finders
       6.3. Global Vein finders Market Attractiveness, by Type 

7. Global Vein finders Market Analysis and Forecast, by Application 
       7.1. Introduction & Definition
       7.2. Global Vein Finders Market Value Forecast, by Application, 2017–2027
              7.2.1. Blood Draw/Venipuncture 
              7.2.2. IV Access 
              7.2.3. Others
       7.3. Global Vein Finders Market Attractiveness, by Application 

8. Global Vein Finders Market Analysis and Forecast, by End-user 
       8.1. Introduction & Definition
       8.2. Global Vein Finders Market Value Forecast, by End-user, 2017–2027
              8.2.1. Hospitals & Ambulatory Surgical Centers
              8.2.2. Specialized Clinics
              8.2.3. Blood Donation Centers 
              8.2.4. Others
       8.3. Global Vein Finders Market Attractiveness, by End-user 

9. Global Vein Finders Market Analysis and Forecast, by Region
       9.1. Global Vein Finders Market Value Forecast, by Region
              9.1.1. North America 
              9.1.2. Europe 
              9.1.3. Asia Pacific 
              9.1.4. Latin America 
              9.1.5. Middle East & Africa 
       9.2. Global Vein Finders Market Attractiveness, by Country/Region

10. North America Vein Finders Market Analysis and Forecast
       10.1. Key Findings
       10.2. North America Vein Finders Market Value Forecast, by Type, 2017–2027
              10.2.1. Active Vein Finders
              10.2.2. Passive Vein Finders
       10.3. North America Vein Finders Market Value Forecast, by Application, 2017–2027
              10.3.1. Blood Draw/Venipuncture 
              10.3.2. IV Access
              10.3.3. Others 
       10.4. North America Vein Finders Market Value Forecast, by End-user, 2017–2027
              10.4.1. Hospitals & Ambulatory Surgical Centers
              10.4.2. Specialized Clinics 
              10.4.3. Blood Donation Centers
              10.4.4. Others
       10.5. North America Vein Finders Market Value Forecast, by Country, 2017–2027
              10.5.1. U.S.
              10.5.2. Canada
       10.6. North America Vein Finders Market Attractiveness Analysis 
              10.6.1. By Type 
              10.6.2. By Application 
              10.6.3. By End-user 
              10.6.4. By Country

11. Europe Vein Finders Market Analysis and Forecast
       11.1. Key Findings
       11.2. Europe Vein Finders Market Value Forecast, by Type, 2017–2027
              11.2.1. Active Vein Finders
              11.2.2. Passive Vein Finders
       11.3. Europe Vein Finders Market Value Forecast, by Application, 2017–2027
              11.3.1. Blood Draw/Venipuncture 
              11.3.2. IV Access 
              11.3.3. Others
       11.4. Europe Vein Finders Market Value Forecast, by End-user, 2017–2027
              11.4.1. Hospitals 
              11.4.2. Specialized Clinics 
              11.4.3. Blood Donation Centers 
              11.4.4. Others
       11.5. Europe Vein Finders Market Value Forecast, by Country, 2017–2027
              11.5.1. Germany
              11.5.2. U.K.
              11.5.3. France
              11.5.4. Spain
              11.5.5. Italy
              11.5.6. Rest of Europe
       11.6. Europe Vein Finders Market Attractiveness Analysis 
              11.6.1. By Type 
              11.6.2. By Application 
              11.6.3. By End-user 
              11.6.4. By Country

12. Asia Pacific Vein Finders Market Analysis and Forecast
       12.1. Key Findings
       12.2. Asia Pacific Vein Finders Market Value Forecast, by Type, 2017–2027
              12.2.1. Active Vein Finders
              12.2.2. Passive Vein Finders
       12.3. Asia Pacific Vein Finders Market Value Forecast, by Application, 2017–2027
              12.3.1. Blood Draw/Venipuncture 
              12.3.2. IV Access 
              12.3.3. Others
       12.4. Asia Pacific Vein Finders Market Value Forecast, by End-user, 2017–2027
              12.4.1. Hospitals 
              12.4.2. Specialized Clinics 
              12.4.3. Blood Donation Centers
              12.4.4. Others
       12.5. Asia Pacific Vein Finders Market Value Forecast, by Country, 2017–2027
              12.5.1. China
              12.5.2. Japan
              12.5.3. India
              12.5.4. Australia & New Zealand
              12.5.5. Rest of Asia Pacific
       12.6. Asia Pacific Vein Finders Market Attractiveness Analysis 
              12.6.1. By Type 
              12.6.2. By Application 
              12.6.3. By End-user 
              12.6.4. By Country

13. Latin America Vein Finders Market Analysis and Forecast
       13.1. Key Findings
       13.2. Latin America Vein Finders Market Value Forecast, by Type, 2017–2027
              13.2.1. Active Vein Finders
              13.2.2. Passive Vein Finders
       13.3. Latin America Vein Finders Market Value Forecast, by Application, 2017–2027
              13.3.1. Blood Draw/Venipuncture 
              13.3.2. IV Access 
              13.3.3. Others
       13.4. Latin America Vein Finders Market Value Forecast, by End-user, 2017–2027
              13.4.1. Hospitals 
              13.4.2. Specialized Clinics 
              13.4.3. Blood Donation Centers
              13.4.4. Others
       13.5. Latin America Vein Finders Market Value Forecast, by Country, 2017–2027
              13.5.1. Brazil
              13.5.2. Mexico
              13.5.3. Rest of Latin America
       13.6. Latin America Vein Finders Market Attractiveness Analysis 
              13.6.1. By Type 
              13.6.2. By Application 
              13.6.3. By End-user 
              13.6.4. By Country

14. Middle East & Africa Vein Finders Market Analysis and Forecast
       14.1. Introduction
       14.2. Middle East & Africa Vein Finders Market Value Forecast, by Type, 2017–2027
              14.2.1. Active Vein Finders
              14.2.2. Passive Vein Finders
       14.3. Middle East & Africa Vein Finders Market Value Forecast, by Application, 2017–2027
              14.3.1. Blood Draw/Venipuncture 
              14.3.2. IV Access 
              14.3.3. Others
       14.4. Middle East & Africa Vein Finders Market Value Forecast, by End-user, 2017–2027
              14.4.1. Hospitals 
              14.4.2. Specialized Clinics 
              14.4.3. Blood Donation Centers
              14.4.4. Others 
       14.5. Middle East & Africa Vein Finders Market Value Forecast, by Country, 2017–2027
              14.5.1. GCC Countries
              14.5.2. South Africa
              14.5.3. Rest of Middle East & Africa
       14.6. Middle East & Africa Vein Finders Market Attractiveness Analysis 
              14.6.1. By Type 
              14.6.2. By Application 
              14.6.3. By End-user 
              14.6.4. By Country

15. Competition Landscape
       15.1. Competition Matrix
       15.2. Market Share Analysis, by Company, 2018
       15.3. Company Profiles
              15.3.1. AccuVein, Inc. 
              15.3.2. TransLite LLC 
              15.3.3. Christie Medical Holdings, Inc. 
              15.3.4. Koninklijke Philips N.V. 
              15.3.5. Venoscope
              15.3.6. Near Infrared Imaging, Inc.
              15.3.7. VINO Optics 
              15.3.8. B. Braun Melsungen AG 
              15.3.9. Teleflex Incorporated (VueTek Scientific, LLC) 
              15.3.10. Becton, Dickinson and Company 
              15.3.11. Other Prominent Players

List of Tables

Table 01: Brand Comparison
Table 02: Global Vein Finders Market Value (US$ Mn) Forecast, by Type, 2017–2027
Table 03: Global Vein Finders Market Value (US$ Mn) Forecast, by Application, 2017–2027
Table 04: Global Vein Finders Market Value (US$ Mn) Forecast, by End-user, 2017–2027
Table 05: Global Vein Finders Market Value (US$ Mn) Forecast, by Region, 2017–2027
Table 06: North America Vein Finders Market Value (US$ Mn) Forecast, by Country, 2017–2027
Table 07: North America Vein Finders Market Value (US$ Mn) Forecast, by Type, 2017–2027
Table 08: North America Vein Finders Market Value (US$ Mn) Forecast, by Application, 2017–2027
Table 09: North America Vein Finders Market Value (US$ Mn) Forecast, by End-user, 2017–2027
Table 10: Europe Vein Finders Market Value (US$ Mn) Forecast, by Country, 2017–2027
Table 11: Europe Vein Finders Market Value (US$ Mn) Forecast, by Type, 2017–2027
Table 12: Europe Vein Finders Market Value (US$ Mn) Forecast, by Application, 2017–2027
Table 13: Europe Vein Finders Market Value (US$ Mn) Forecast, by End-user, 2017–2027
Table 14: Asia Pacific Vein Finders Market Value (US$ Mn) Forecast, by Country, 2017–2027
Table 15: Asia Pacific Vein Finders Market Value (US$ Mn) Forecast, by Type, 2017–2027
Table 16: Asia Pacific Vein Finders Market Value (US$ Mn) Forecast, by Application, 2017–2027
Table 17: Asia Pacific Vein Finders Market Value (US$ Mn) Forecast, by End-user, 2017–2027
Table 18: Latin America Vein Finders Market Value (US$ Mn) Forecast, by Country, 2017–2027
Table 19: Latin America Vein Finders Market Value (US$ Mn) Forecast, by Type, 2017–2027
Table 20: Latin America Vein Finders Market Value (US$ Mn) Forecast, by Application, 2017–2027
Table 21: Latin America Vein Finders Market Value (US$ Mn) Forecast, by End-user, 2017–2027
Table 22: Middle East & Africa Vein Finders Market Value (US$ Mn) Forecast, by Country, 2017–2027
Table 23: Middle East & Africa Vein Finders Market Value (US$ Mn) Forecast, by Type, 2017–2027
Table 24: Middle East & Africa Vein Finders Market Value (US$ Mn) Forecast, by Application, 2017–2027
Table 25: Middle East & Africa Vein Finders Market Value (US$ Mn) Forecast, by End-user, 2017–2027

List of Figures

Figure 01: Global Vein Finders Market Snapshot
Figure 02: Global Vein Finders Market Value (US$ Mn) and Distribution (%), by Region, 2019 and 2027
Figure 03: Global Vein Finders Market Value (US$ Mn) Forecast, 2017–2027
Figure 04: Global Vein Finders Market Value Share (%), by Type (2018)
Figure 05: Global Vein Finders Market Value Share (%), by Application (2018)
Figure 06: Global Vein Finders Market Value Share (%), by End-user (2018)
Figure 07: Global Vein Finders Market Value Share (%), by Region (2018) 
Figure 08: AccuVein Brand Analysis
Figure 09: Christie VeinViewer Brand Analysis
Figure 10: Factors considered for Pricing Analysis
Figure 11: Technological Advancements
Figure 12: Technological Landscape
Figure 13: Global Vein Finders Market Value Share (%), by Type, 2018 and 2027
Figure 14: Global Vein Finders Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Active Vein Finders, 2017–2027
Figure 15: Global Vein Finders Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Active Vein Finders, 2017–2027
Figure 16: Global Vein Finders Market Attractiveness, by Type, 2019–2027
Figure 17: Global Vein Finders Market Value Share (%), by Application, 2018 and 2027
Figure 18: Global Vein Finders Market Attractiveness, by Application, 2019–2027
Figure 19: Global Vein Finders Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Blood Draw/Venipuncture, 2017–2027
Figure 20: Global Vein Finders Market Revenue (US$ Mn) and Y-o-Y Growth (%), by IV Access, 2017–2027
Figure 21: Global Vein Finders Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Others, 2017–2027
Figure 22: Global Vein Finders Market Value Share (%), by End-user, 2018 and 2027
Figure 23: Global Vein Finders Market Attractiveness, by End-user, 2019–2027
Figure 24: Global Vein Finders Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Hospitals & Ambulatory Surgical Centers (ASCs), 2017–2027
Figure 25: Global Vein Finders Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Specialized Clinics, 2017–2027
Figure 26: Global Vein Finders Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Blood Donation Centers, 2017–2027
Figure 27: Global Vein Finders Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Others, 2017–2027
Figure 28: Global Vein Finders Market Value Share Analysis, by Region, 2018 and 2027
Figure 29: Global Vein Finders Market Attractiveness Analysis, by Region, 2019–2027
Figure 30: North America Vein Finders Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, 2017–2027
Figure 31: North America Vein Finders Market Value Share Analysis, by Country, 2018 and 2027
Figure 32: North America Vein Finders Market Attractiveness Analysis, by Country, 2019–2027
Figure 33: North America Vein Finders Market Value Share (%), by Type, 2018 and 2027
Figure 34: North America Vein Finders Market Attractiveness, by Type, 2019–2027
Figure 35: North America Vein Finders Market Value Share (%), by Application, 2018 and 2027
Figure 36: North America Vein Finders Market Attractiveness, by Application, 2019–2027
Figure 37: North America Vein Finders Market Value Share (%), by End-user, 2018 and 2027
Figure 38: North America Vein Finders Market Attractiveness, by End-user, 2019–2027
Figure 39: Europe Vein Finders Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, 2017–2027
Figure 40: Europe Vein Finders Market Value Share Analysis, by Country, 2018 and 2027
Figure 41: Europe Vein Finders Market Attractiveness Analysis, by Country, 2019–2027
Figure 42: Europe vein finders Market Value Share (%), by Type, 2018 and 2027
Figure 43: Europe vein finders Market Attractiveness, by Type, 2019–2027
Figure 44: Europe Vein Finders Market Value Share (%), by Application, 2018 and 2027
Figure 45: Europe Vein Finders Market Attractiveness, by Application, 2019–2027
Figure 46: Europe Vein Finders Market Value Share (%), by End-user, 2018 and 2027
Figure 47: Europe Vein Finders Market Attractiveness, by End-user, 2019–2027
Figure 48: Asia Pacific Vein Finders Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, 2017–2027
Figure 49: Asia Pacific Vein Finders Market Value Share Analysis, by Country, 2018 and 2027
Figure 50: Asia Pacific Vein Finders Market Attractiveness Analysis, by Country, 2019–2027
Figure 51: Asia Pacific Vein Finders Market Value Share (%), by Type, 2018 and 2027
Figure 52: Asia Pacific Vein Finders Market Attractiveness, by Type, 2019–2027
Figure 53: Asia Pacific Vein Finders Market Value Share (%), by Application, 2018 and 2027
Figure 54: Asia Pacific Vein Finders Market Attractiveness, by Application, 2019–2027
Figure 55: Asia Pacific Vein Finders Market Value Share (%), by End-user, 2018 and 2027
Figure 56: Asia Pacific Vein Finders Market Attractiveness, by End-user, 2019–2027
Figure 57: Latin America Vein Finders Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, 2017–2027
Figure 58: Latin America Vein Finders Market Value Share Analysis, by Country, 2018 and 2027
Figure 59: Latin America Vein Finders Market Attractiveness Analysis, by Country, 2019–2027
Figure 60: Latin America Vein Finders Market Value Share (%), by Type, 2018 and 2027
Figure 61: Latin America Vein Finders Market Attractiveness, by Type, 2019–2027
Figure 62: Latin America Vein Finders Market Value Share (%), by Application, 2018 and 2027
Figure 63: Latin America Vein Finders Market Attractiveness, by Application, 2019–2027
Figure 64: Latin America Vein Finders Market Value Share (%), by End-user, 2018 and 2027
Figure 65: Latin America Vein Finders Market Attractiveness, by End-user, 2019–2027
Figure 66: Middle East & Africa Vein Finders Market Value (US$ Mn) and Y-o-Y Growth (%) Forecast, 2017–2027
Figure 67: Middle East & Africa Vein Finders Market Value Share Analysis, by Country, 2018 and 2027
Figure 68: Middle East & Africa Vein Finders Market Attractiveness Analysis, by Country, 2019–2027
Figure 69: Middle East & Africa Vein Finders Market Value Share (%), by Type, 2018 and 2027
Figure 70: Middle East & Africa Vein Finders Market Attractiveness, by Type, 2019–2027
Figure 71: Middle East & Africa Vein Finders Market Value Share (%), by Application, 2018 and 2027
Figure 72: Middle East & Africa Vein Finders Market Attractiveness, by Application, 2019–2027
Figure 73: Middle East & Africa Vein Finders Market Value Share (%), by End-user, 2018 and 2027
Figure 74: Middle East & Africa Vein Finders Market Attractiveness, by End-user, 2019–2027
Figure 75: Global Vein Finders Market Share Analysis, by Company, 2018

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Vein Finders Market, Vein Detection Market