Global vein illumination devices market size is estimated to be valued at US$ 608.8 Mn in 2023 and is projected to reach US$ 1,232.5 Mn by 2030, exhibiting a compound annual growth rate (CAGR) of 10.6% from 2023 to 2030. Vein illumination devices are used to visualize veins under the skin surface. They project near-infrared light on the skin, which is absorbed by blood and is reflected back to display the pattern of veins as a mapping on the skin surface. These devices are majorly used for intravenous (IV) access and blood draw procedures. The key factors driving the market growth are rising prevalence of chronic diseases, growing geriatric population, advancements in vein illumination devices, and Table increased awareness.

Global vein illumination devices market is segmented into technology, application, end user, and region. By technology, the infrared radiation segment accounted for the largest market share in 2023 due to continuous offering of infrared radiation devices by market players.

Global Vein Illumination Devices Market Drivers

• Technological advancements in vein finders: Continuous advancements in vein illumination and imaging technologies are fueling the growth of the vein illumination devices market. The companies are focusing on developing devices with wider fields of view, higher portability, smartphone connectivity, and wearability. For instance, AccuVein Inc. a medical device manufacturer’s AV400 helps visualize veins at depths up to 10 mm. Similarly, VeinViewer a new wireless vein finder can be worn on the wrist. Such technological innovations are driving the market growth.
• Increasing awareness about vein illumination devices: Growing awareness among healthcare professionals and patients about the benefits of vein illumination devices is propelling the market growth. These devices not only improve vascular access and reduce procedure time but also enhance patient experience by minimizing pain and puncture attempts. Medical societies are increasingly promoting vein illumination devices for safe clinical practices. Rising awareness through conferences, campaigns, and training programs is further fueling adoption.
• Increasing number of surgeries: Globally, the number of surgeries is increasing at a significant rate each year. More people are  opting for surgical procedures to treat various medical conditions. This rise in surgical volumes is one of the key factors driving the growth of the global vein illumination devices market. Vein illumination devices which is also known as vein finding or vein viewers, are essential medical equipment that are used in many surgical procedures such as administering IV liquids, drawing blood samples, and performing various vascular access procedures. As surgeries require reliable venous access, the demand for these vein illumination devices is increasing from operating rooms and trauma centers. For example, according to data from the World Health Organization (WHO), over 230 Mn major surgical procedures were performed globally in 2018, an increase of nearly 20% as compared to 2012 numbers. The number is projected to grow over 15% by 2023.

Global Vein Illumination Devices Market Opportunities

• Emerging economies represent significant growth avenues: Developing nations across Asia Pacific, Latin America, and Africa offer lucrative growth opportunities for vein illumination device companies due to improving healthcare infrastructure, rising healthcare expenditure, and increasing awareness. Large underserved patient pools in these regions also present major business prospects. Local manufacturing and distribution partnerships allow companies to expand their geographic footprint in emerging economies.
• Shifting preference for minimally invasive surgeries: Preference for minimally invasive surgical procedures over traditional open surgeries globally has been steadily rising in the past decade. This shift offers a huge opportunity for vein illumination devices market to grow further. Minimally invasive surgeries cause lesser trauma to the patient, quicker recovery time, smaller incisions, and scars. Procedures like varicose vein treatment, haemorrhoidectomy and vascular access are increasingly being performed by using minimally invasive techniques like endoluminal laser ablation, radiofrequency ablation, and others rather than traditional stripping or ligation surgeries. For instance, on January 1, 2023, according to an article published by HHS Public Access, in 2017, 9.8 Mn inpatient major operating room procedures were analyzed, out of which 11.1% were MIS and 2.5% were robotic-assisted, as compared with 9.6 Mn inpatient operating room procedures (11.2% MIS and 2.9% robotic-assisted) in 2018.

Global Vein Illumination Devices Market Restraints

• High costs of vein visualization devices: The high upfront costs of vein illuminators, imagers, and accessories hamper adoption, especially in developing regions. Prices for vein visualization devices range from US$ 2500-3500. The recurring costs of maintenances and replacements also add to expenses. This makes adoption challenging for small clinics and hospitals with budget constraints.

Counterbalance: The key market players must focus on introducing cost-effective solutions which will be affordable by the developing regions.

• Lack of training among healthcare professionals: The lack of adequate training and awareness on using vein visualization devices restricts their adoption in healthcare settings. Improper device usage can impair visualization quality. Medical schools often do not include vein finder training in their curriculum.

Counterbalance: Companies must conduct regular training workshops and trainings for the clinicians to boost device utilization.

• Limitations of vein finders in obese patients: Visualizing veins in obese patients with thicker subcutaneous fat is challenging for certain vein illuminators. Devices often cannot penetrate beyond 10mm depth. This restricts their adoption for bariatric patients. Further, technological advancements are needed to enhance visualization through thicker tissue. Robust research and development (R&D) investments can help address this limitation.

Analysts View:

Global vein illumination devices market provides strong growth potential over the next five years. The demand for vein illumination devices is being driven by rising prevalence of obesity-related conditions like diabetes which require frequent blood draws. Growing geriatric population who are more vulnerable to such issues also acts as a driver. Advantages offered by vein illumination devices like enhanced visibility of veins, less number of needle insertions, and reduced pain are fueling their adoption among healthcare providers.

North America dominates the market due  to rapidly increasing diabetic population, availability of advanced healthcare infrastructure, and device reimbursement. However, Asia Pacific is expected to become the fastest growing regional market. This is due to improving access to healthcare, rising medical tourism, and growing focus of key market players to tap opportunities in the emerging Asian economies.

• Integration with intravenous catheters: Leading market players are integrating vein illumination technologies with intravenous catheter systems to improve vascular access. This provides illumination directly at the catheterization site for enhanced visualization. For instance, on October 11, 2023, B. Braun Medical Inc. a medical device manufacturer launched Introcan Safety 2 IV Catheter with multi-access blood control. It has automatic needle stick protection to reduce the risk of blood borne pathogen exposure throughout the IV process.
• Adoption of smartphone-based vein imaging: Smartphone-based vein visualization is an emerging trend in the market. Devices like Veinseek Pro attach to a smartphone is use in cameras for vein imaging. This provides greater portability and affordability. The companies are focusing on developing user-friendly and high-performance mobile apps for vein imaging. The smartphone integration trend is expected to fuel adoption.

Global Vein Illumination Devices Market Regional Insights

• North America is expected to hold the largest share of the vein illumination devices market in 2023, accounting for 35.6% of the global market. This is due to the presence of a large number of healthcare institutions, a high prevalence of chronic diseases, and a growing awareness of vein illumination devices in the region. For instance, in February 2021, AccuVein Inc. a medical device manufacturer announcement on the infusion nurses society (INS) supports using NIRNear Infrared) vein viewing equipment for venipuncture procedures to aid vein selection by evaluating peripheral venous systems.
• Europe is expected to be the second-largest market for vein illumination devices, accounting for 29.3% of the global market in 2023. This is due to the increasing prevalence of chronic diseases, such as diabetes and cardiovascular diseases, in the region.
• Asia Pacific is expected to be the fastest-growing market for vein illumination devices during the forecast period. This is due to the growing healthcare infrastructure, increasing awareness of vein illumination devices, and rising prevalence of chronic diseases in the region.

Figure 1. Global Vein Illumination Devices Market Share (%), By Region, 2023

AccuVein, Christie Medical Holdings, Sharn Anesthesia, Venoscope, ZD Medical, Vivolight, Cambridge Medical (Asia) Private, Evena Medical, Near Infrared Imaging, Veinlite,  Sharn Anesthesia,  VINO Optics Inc.

• In April 2022, ImmunoTek Bio Centers a biotechnology company launched veinviewer technology for Plasma Donations. It provided better donor experience to the people.
• In July 2020, ZD Medical Inc. a medical device company enhanced their vascular positioning vein finder system to offer improved vein visualisation options.
• In February 2021, AccuVein, Inc. a medical device manufacturer announced infusion standards recommend near-infrared (NIR) vascular visualization technology. It is used to assess peripheral venous sites and facilitate more informed decisions about vein selection.

• By Technology
• • Infrared radiation
  • Transillumination
  • Ultrasound
  • Others
• By Application
• • Intravenous access
  • Blood draw
  • Surgery
  • Others
• By End User
• • Hospitals
  • Blood donation camps
  • Academic institutions (Research, Academic Institutes, etc.)
  • Others
• By Region
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa