Vein Illuminator Device Market Share

North America Market Statistics

Regionally, the global Vein Illuminator market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is estimated to dominate majority revenue share by 2037, impelled by strong healthcare industry and increasing healthcare expenditure in the region.  According to data released by the Centers for Medicare & Medicaid Services, United States health care expenditure reached USD 4.1 trillion in 2020. In addition, the demand for vein illuminators is expected to grow over the forecast period owing to the increasing geriatric population in the region as well as the large usage of vein illuminators during venipuncture. According to the data provided by World Bank, the geriatric population in United States is stated to reach 56,545,938 in 2021.  Furthermore, the presence of major established market players in the region is also projected to drive the Vein Illuminator market during the forecast period.