Vein Illumination Devices Market is anticipated to hit .29 billion by 2023Posted by industryarc on August 6th, 2019 According to the new market research report by IndustryARC titled “Vein Illumination Devices Market: By Technology (Hyper-spectral Sensor, RDAV, Df2, Infrared, Others); By Type (Portable, Bed-side); By Age of Patients (Neonates/ Infants, Adults, Old Age); By End-User (Hospitals, Rehabilitation Centers, Others); By Geography - Forecast (2018-2023)”, the market is driven by the rise in venipuncture procedures across the globe. Americas held the largest market share in the Vein Illustration Devices Market The Americas region holds the largest market share in the Vein Illustration Devices Market and is anticipated to reach 3.8 million by 2023 at a CAGR of 12.2%. The rise in aging population and strong reimbursement scenario is propelling the growth in this region. The key end-users including Healthcare Centers/Hospitals/Clinics, Nursing Homes, Blood Donation Camps, Academic Institutions, Rehabilitation Centers, Infusion Centers, Surgery Centers, and Emergency Care among others. Selected Opportunities and Impact Analysis done in the full report: The growth of vein biometrics presents an opportunity for vein illuminator devices market. Multi factor identification is becoming increasingly common in manufacturing, construction and banking industries. This has led to the increased use of vein identification technology. For instance, Barclays Bank introduced personal biometric scanners with Hitachi's Finger Vein Authentication Technology (VeinID), which reads the sub-dermal patterns of the client's finger vasculature in order to combat identity fraud. As the world population over the age of 65 years grows rapidly, there will be an increased burden on governments to spend on healthcare and pensions. World’s aging population will account to one billion, which is 13% of total population by 2030. The elderly population, which is currently 7.9% of the total world population, is expected to show a steep growth of 12% by 2030, as majority will cross the age of 65 years. The rapidly aging population will be a major factor in adoption of vein illumination devices, as more and more elderly people will be in need of emergency care, medical diagnosis and nursing facilities. The growing obesity rates in the U.S and European regions have raised the health consciousness level. This has led to an increased number of medical testing and diagnosis. Vein illumination devices are particularly required for obese people as it is difficult to find the veins. Growing investment into healthcare in the APAC and Middle Eastern regions due to the growing healthcare tourism industry, has led to the increased spending and adoption of high priced vein illumination devices. With lowered prices, the adoption in emerging economies will rise in the future View Full Table of Content Of Vein Illumination Devices Market Excerpts on Market Growth Factors: The demand for Vein Illumination Devices is going to witness substantial growth with the increase in venipuncture. Vein Illumination is of high importance while treating the geriatric population. The introduction of Affordable Healthcare Act has provided a boost to the industry. The reimbursement for hospitals and clinics will depend upon the patient safety and level of satisfaction. Talk to one of our sales representative about the full report by providing your details in the below link: Key players of Vein Illumination Devices Market:AccuVein is the key player in Vein Illumination Devices market, followed by Christie Medical Holdings Inc; AccuVein has a strong product line of vein illumination devices, with its presence across 130 nations in North America. Other key players include Bard Access Systems Inc. and Veinlite LLC, etc. About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. Contact Us: Mr. Venkateshwar Reddy Business Development Manager Email: sales@industryarc.com Contact Sales: 1-614-588-8538 (Ext-101) Like it? Share it!More by this author |