Global Vein Illumination Technologies Industry

Global Vein Illumination Technologies Industry

  • July 2020 •
  • 142 pages •
  • Report ID: 5896477 •
  • Format: PDF
Global Vein Illumination Technologies Market to Reach $614.4 Million by 2027

Amid the COVID-19 crisis, the global market for Vein Illumination Technologies estimated at US$94.7 Million in the year 2020, is projected to reach a revised size of US$614.4 Million by 2027, growing at a CAGR of 30.6% over the analysis period 2020-2027. Near Infrared Illumination (NIR), one of the segments analyzed in the report, is projected to record a 34.7% CAGR and reach US$558 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Transillumination segment is readjusted to a revised 9.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $28.5 Million, While China is Forecast to Grow at 29.1% CAGR

The Vein Illumination Technologies market in the U.S. is estimated at US$28.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$102.4 Million by the year 2027 trailing a CAGR of 29.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 27.7% and 25.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 20.5% CAGR.

Ultrasound Segment to Record 15.6% CAGR

In the global Ultrasound segment, USA, Canada, Japan, China and Europe will drive the 15.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.2 Million in the year 2020 will reach a projected size of US$19.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$71.9 Million by the year 2027.We bring years of research experience to this 8th edition of our report. The 142-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • AccuVein Inc.
  • Cambridge Medical (Asia) Private Limited
  • Christie Medical Holdings, Inc.
  • Near Infrared Imaging Inc.
  • Sharn Anesthesia, Inc.
  • TransLite LLC (Veinlite)
  • Venoscope, LLC.
  • Vuetek Scientific LLC.
  • ZD Medical Inc.