Global Vein Finders Market: Overview
Vein finders are used by doctors at the time of venipuncture method. They help in detecting invisible veins without causing any discomfort to the patient. The product is utilized in identifying the veins beneath the skin to take out blood. It is also used to find veins in old and obese persons as it is tough to find the location of veins in these individuals.
Global Vein Finders Market: Growth Factors
Rise in the geriatric population prone to chronic ailments and need for admittance to hospitals is projected to enhance the demand for the product within the next few years. Apart from this, increase in the need for cosmetic surgeries, increase in obesity due to sedentary lifestyles, and technological breakthroughs including the launching of passive vein finders are the major aspects steering the growth of the vein finders industry. Nevertheless, the easy availability of low-cost products will hinder market profitability. However, the product has helped in reducing the dependence on many needles to take out blood, thereby providing relief to the individual as well as the patient from pain and discomfort that is caused at the time of IV inserting & then drawing of blood from the vein. This beneficial product feature will nullify the barriers to the growth of the market and offer new growth facets to the market. On the other hand, the product is user-friendly and saves the time of the patient, doctor, and nursing staff. This, in turn, will enlarge the product popularity and enhance preference for it.
Global Vein Finders Market: Segmentation
The vein finders market can be sectored into type, end user, and application. Based on the type, the industry is segregated into active vein finders and passive vein finders. On the basis of the end user, the vein finders market is classified into hospitals & ambulatory surgical units, blood donation units, and specialized clinics. Application wise, the vein finders industry is classified into venipuncture and IV access.
Global Vein Finders Market: Regional Analysis
North America is projected to dominate the overall market by contributing a major chunk of revenue during the estimated time span. Apart from this, the increase in the frequency of medical surgeries in countries such as the U.S. has prompted the product demand in the region. Moreover, the vein finders industry in Europe is projected to witness highest gains due to inflation in the obese population in which veins cannot be easily detected. Furthermore, the rise in the incidence of blood tests witnessed in diagnostics laboratories & clinics and high aging patient population base in various countries of the Asia Pacific will push the regional market growth.
Europe and Latin American markets have huge unexplored market growth potential and these regions will make sizable contributions towards the overall market earnings during the review period.
Global Vein Finders Market: Competitive Players
Few of the main participants in the vein finders market include VINO Optics, Near Infrared Imaging, Inc., B. Braun Melsungen AG, Venoscope, TransLite, LLC, Christie Medical Holdings, Inc., Teleflex Incorporated, Koninklijke Philips N.V., AccuVein, Inc., and Becton, Dickinson, and Company.
Global Vein Finders Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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