Vein Illuminator Device Market Size

Vein Illuminator Market size was valued at USD 209.13 million in 2023 and is set to exceed USD 3.28 billion by the end of 2036, registering over 23.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of vein illuminator is estimated at USD 248.61 million.

The growth of the vein Illuminator market can be attributed to the rising geriatric population and the increasing prevalence of chronic conditions among the population. It was observed that about 16 million deaths were caused by cardiovascular diseases, cancer caused around 9000 deaths while due to respiratory diseases, approximately 4000 people died in 2019, A higher prevalence was found among women, older adults, and rural residents.

It is difficult to find veins in patients with fragile skin, especially elders, babies, and obese patients. Therefore, this creates the need for a Vein Illuminator that enables doctors and nurses to locate veins in patients for venipuncture and blood draw. The vein illuminator uses NIR (near-infrared) imaging to detect veins accurately under the skin.  Furthermore, the increasing number of surgical procedures and the consequent rise in the need for intravenous (IV) therapy after surgery is expected to drive the global Vein Illuminator market during the forecast period. For instance, there are about 300 million major surgical procedures performed worldwide each year. Other factors, including growing healthcare expenditure, increasing public spending on healthcare services, and the emergence of advanced Vein Illuminators are further estimated to enlarge the global Vein Illuminator market size during the forecast period.