The biggest end user segment for the vein illumination devices market is home
care/long term care as the patient pool gradually switches to affordable home
care. In terms of technology, Infrared technology is at the heart of things as it’s
able to provide clear and accurate representation. It’s essential for conducting
safe medical treatment. The introduction of Affordable Healthcare Act has
provided boost to the industry. The reimbursement for hospitals and clinics will
depend upon the patient safety and level of satisfaction.
The major applications for the vein illumination devices market includes IV
therapy, IV infiltrations, haemophilia, administrators, home care, neonatal
application, cosmetic procedures, vein imaging, blood draw and vascular
procedures. The overall market generated annual revenue of $292.6m in 2015
and is estimated to grow with CAGR of 20.1% throughout the forecast period.
Healthcare centers/ hospitals are the major end-users for this market
contributing to 44% of the overall market in 2015. Factors such as rise in
venipuncture procedures, high incidence of venous leg ulcers and conducive
reimbursement scenarios are the major drivers for this market.