Vein Illumination Devices Market is anticipated to hit $1.29 billion by 2023 at a CAGR of 16.40%.
The Americas region holds the largest market share in the Vein Illustration Devices Market and is anticipated to reach $643.8 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. Contact :
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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. 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. Contact :
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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. The biggest end user segment for the vein illumination devices market will be homecare/long-term care as the patient pool gradually switches to affordable home care. Contact :
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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. Companies like Sony Corp, Kyocera Corp were granted patents for Vein Illumination Devices. The two companies obtained 15 patents during the period. Download Sample Report Contact :
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