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Vein Illuminator Market Growing at 32.41% CAGR to 2022: North America Expected to Soar at Highest CAGR

The global vein illuminator market was valued at USD 32.2 million in 2015 and is expected to reach USD 227.2 million by 2022, at a CAGR of 32.41% between 2016 and 2022. The growth of the vein illuminator market would be driven by its increasing success in finding the appropriate vein to draw blood or for IV access in the first attempt. This facilitates the medical practitioner’s task and also reduces the patient discomfort. Complete report on vein illuminator market spread across 146 pages, profiling 11 companies and supported with 70 tables and 60 figures is now available at http://www.rnrmarketresearch.com/vein-illuminator-market-by-technology-transillumination-infrared-technology-and-ultrasound-application-end-users-hospitals-rehabilitation-centers-blood-donation-camps-academic-institutions-and-others-g-st-to-2022-market-report.html .

The vein illuminator market in North America is expected to grow at the highest CAGR because of the high demographic concentration and growing aging and pediatric population. North America is also expected to witness rapid growth due to the presence of major manufacturing companies for vein illuminator and the consumer acceptance of new technologies.

The drawbacks of conventional biometric applications such as dummy fingerprints are among the major reason for the development of alternate biometric solutions. After Apple (U.S.) came up with the 5S with a Touch ID fingerprint reading sensor and similar features were incorporated by Samsung Corp (South Korea) in the Galaxy S5 and S6, Barclays (U.K.) came up with alternative biometric solution for its customers, known as finger vein authentication. Thus, the increasing biometric banking applications are expected to contribute to the growth of the vein illuminator market.

The NIR technology-based vein illuminators are more accurate than trans illumination based devices and cost lower than ultrasound technology-based devices. Therefore, near infrared technology (NIR)-based vein illuminators are expected to hold the largest market share and grow at the highest rate during the forecast period.

The key players in the vein illuminator market include AccuVein Inc. (U.S.), Christie Medical Holdings, Inc. (U.S.), TransLite LLC. (U.S.), Venoscope LLC. (U.S.), Sharn Anesthesia (U.S.), Infrared Imaging Systems, Inc. (U.S.), Near Infrared Imaging Inc. (U.S.), Venoscope LLC (U.S.), VueTek Scientific LLC(U.S.), Zd Medical Inc. (China.) and Cambridge Medical (Asia) Private Ltd. (Singapore.). Priced at $4650 for a single user PDF, Inquire Before Buying on “Vein Illuminator Market by Technology (Transillumination, Infrared Technology and Ultrasound), Application, End-Users (Hospitals, Rehabilitation Centers, Blood Donation Camps, Academic Institutions, and Others), & Geography - Global forecast to 2022” research report can be requested at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=504744 .

On a related note, another research titled Grow Lights Market Global Forecast to 2022 says, the grow lights market is expected to be valued at USD 4.19 billion by 2022, at a CAGR of 9.63% between 2016 and 2022. The grow lights market is expected to grow at the highest CAGR in the vertical farming application during the forecast period. Companies like Royal Philips Electronics N.V. (Netherlands), General Electric Company (U.S.), Osram Licht AG (Germany), Gavita Holland B.V. (Netherlands), LumiGrow, Inc. (U.S.), Heliospectra AB (Sweden), Iwasaki Electric Co. Ltd. (Japan), Illumitex, Inc. (U.S.), Hortilux Schreder B.V. (Netherlands), iGrow Induction Lighting LLC. (U.S.), and Sunlight Supply, Inc. (U.S.) have been profiled in this 144 pages research report available at http://www.rnrmarketresearch.com/grow-lights-market-by-technology-hid-fl-led-others-induction-plasma-type-of-installation-new-retrofit-application-indoor-farming-commercial-greenhouse-vertical-farming-turf-landscaping-others-a-st-to-2022-market-report.html .

Explore more reports on Electronics market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/electronics .

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