Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The vein finder is a tool which is used during vein puncture in hospitals and various testing laboratories. Vein finder devices is such tool which help healthcare professionals in searching the best vein for blood draws and IV starts. It helps in locating veins and avoid valves and bifurcations. Vein finding or vein illuminations is a novel technology which helps healthcare professionals is finding best veins. It is also called as vein mapping or vein visualization, this technology gives real time visual map of vein on the surface of skins, thereby facilitating in detection of invisible veins without any pain.
The Asia Pacific vein finder market is observing the lucrative growth during the forecast period of 2021 to 2027. The vein finder tools have application vascular procedures, dialysis and cosmetic procedures. They help in locating the veins pre, during and post cosmetic and vascular procedures. The major factors such as rising efforts to reduce pain by use of multiple needle sticks is propelling growth of Asia Pacific vein finder market. The rise in phlebotomy/venipuncture procedures is boosting growth of Asia Pacific vein finder market. Growing strategic alliance for veins illuminators is also refuelling growth of Asia Pacific vein finder market. However, low penetration of vein illuminator in developing and under developed countries is also Asia Pacific vein finder market.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the vein finder market. In addition, complete analysis of changes on vein finder organizations expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on Asia Pacific economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The COVID-19 has almost affected every market is healthcare industries positively or negatively. Medical device companies initially focused on the immediate crisis response such as keeping employees safe, ensuring business continuity and rapid changes in the healthcare ecosystems. Owing to drastic drop in elective medical procedures, many of which are being postponed or cancelled so that hospitals can focus on treating COVID-19 patients, results in drop in use of other products. Thereby, the vein finder market is get hampered by the COVID-19 pandemics.
The Asia Pacific vein finder market is segmented by type, applications, products, technology, end user and country.
The Asia Pacific vein finder market is comprised of various types of vein finders such as active vein finder and passive vein finder. The passive vein finder is also contributing in the growth of Asia Pacific vein finder market. The growing adoption of advanced medical devices is propelling the growth of Asia Pacific vein finder market. The rising use of vein finder in healthcare industry is also boosting the growth of Asia Pacific vein finder market. The growing elderly populations prone to various illness is also refuelling Asia Pacific vein finder market.
The Asia Pacific vein finder market is comprised of extensive applications of vein finder such as blood draw/vein puncture and IV access. In which blood draw is also contributing in the growth of Asia Pacific vein finder market. The rising awareness about technology in healthcare industry is propelling the growth Asia Pacific vein finder market. The growing cases of hospitalizations is also boosting the growth of Asia Pacific vein finder market.
The Asia Pacific vein finder market is comprised of various products such as benchtop and handheld. In which benchtop is also contributing in the growth of Asia Pacific vein finder market. The rising use of vein finder in hospitals and clinics are propelling the growth of Asia Pacific vein finder market. The growing flourishing fashion sector in healthcare is boosting the growth of Asia Pacific vein finder market. The emerging need of personal care is also driving the growth of Asia Pacific vein finder market. The growing customer satisfaction achievement by hospital and nursing homes are refuelling the growth of Asia Pacific vein finder market.
The Asia Pacific vein finder market is comprised of various technology such as infra-red, ultra-violet and ultrasound. In which infra-red in estimated to dominate the market in 2020. The infra-red projections are absorbed by blood and surrounding tissues. This scenario is captured by the vein finder and projected on the skin surface in real time. This makes them more demandable in the market.
The Asia Pacific vein finder market is comprised of end users such as hospitals, ambulatory surgical centres, speciality clinics and blood donation centres. In which the speciality clinics is also contributing in the growth of Asia Pacific vein finder market. The rising healthcare expenditure is propelling the growth of Asia Pacific vein finder market. The rising demand for advanced healthcare devices is also boosting the growth of Asia Pacific vein finder market. The high preference to the speciality clinics is also refuelling growth of Asia Pacific vein finder market.
The Asia Pacific vein finder market is studied for key countries such as India, China, Japan, Australia and South Korea. In which China followed by India and Japan are anticipated to dominate the market in 2020. The growing elderly population is propelling growth of Asia Pacific vein finder market. The rising technological development in healthcare industry is also refuelling growth of Asia Pacific vein finder market. The growing demand for advanced medical devices in hospitals and clinics is also driving growth of Asia Pacific vein finder market.
The major key players in vein finder market are Christie Medical Holdings Inc., Accuvein Inc., Translite Llc, Near Infrared Imaging Inc., Teleflex Incorporated (Vuetek Scientific Llc), Venoscope, Koninklijke Philips N.V., B. Braun Melsungen Ag, Vino Optics and Becton, Dickinson And Company among others.
June 2019: CARE stream group announced their acquisition of Christie Medical Holdings, Inc., of Memphis, TN. Chirstie Medictal Holdings is a leader in vein visualization that operates in 50 countries worldwide.
February 2018: AccuVein AV 400 was issued a medical device license for its usage in Canada.
The report analyses the vein finder market based on type, application, product, technology, end user and country. The report also imparts the dominating segments of the market. The type segment is dominated by the active vein finder. The application segment is dominated by IV access. Likewise, the product segment is leaded by handheld and technology segment is dominated by infra-red. Furthermore, the end user segment is dominated by the hospitals. The China followed by India and Japan are anticipated to dominate the market in 2020. The report also comprised of the impact of COVID-19 on vein finder market. The COVID-19 has almost affected every market is healthcare industries positively or negatively. Medical device companies initially focused on the immediate crisis response such as keeping employees safe, ensuring business continuity and rapid changes in the healthcare ecosystems. Owing to drastic drop in elective medical procedures, many of which are being postponed or cancelled so that hospitals can focus on treating COVID-19 patients, results in drop in use of other products. Thereby, the vein finder market is get hampered by the COVID-19 pandemics. The report also covered the major key players operating in the market.
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