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.
Vein finder is a type of device which is used in the visualization of vein and venepuncture and cannulation. A vein finder is a novel medical device which aids healthcare professionals find veins for intravenous insertions and blood draws. Vein finders create a real-time visual mapping of vein on the skin surface by use of different technologies like ultraviolet, infra-red and ultrasound. The vein finder tools helps in minimization in use of multiple needles to draw blood and likewise the pain and discomfort caused during IV insertion and blood drawing.
The Europe vein finder market is witnessing lucrative growth during forecast period of 2021 to 2027. The rising customer satisfaction gained by hospitals and clinics is rising popularity of Europe vein finder market. The key factors such as rising expansion of end user industry is propelling growth of Europe vein finder market. Emerging use of mobile health and technology in nursing education is also refuelling growth of Europe vein finder market. The rising opportunities in cosmetic industry is also boosting growth of Europe vein finder market. However, less use in cosmetic surgeries is restraining the growth of Europe 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 Europe 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 Europe vein finder market is categorised by type, application, product, technology, end user and country.
Based on type, the Europe vein finder market is segmented into the active vein finder and passive vein finder. In which active vein finder is estimated to dominate the market in 2020. The growing applications of active vein finder in healthcare industry is propelling the growth of Europe vein finder market. The rising adoption of vein finder tools is boosting the growth of Europe vein finder market. The growing application of vein illuminators in hospitals and nursing homes is also refuelling growth of Europe vein finder market.
Based on applications, the Europe vein finder market is categorised into the blood draw/ vein puncture and IV access. In which IV access is estimated to dominate the market in 2020. The rising use of vein illuminators for IV nutritional support along with IV fluid administrations is boosting the growth of Europe vein finder market. Growing IV administrations of chemotherapy is also propelling growth of Europe vein finder market. The rising technological advancement in IV cannulation techniques is also driving growth of Europe vein finder market.
Based on products, the Europe vein finder market is segmented into benchtop and handheld. In which handheld is estimated to dominate the market in 2020. The rising demand for easy handling equipment is propelling growth of Europe vein finder market. The growing adoption of advanced technology in healthcare industry is boosting growth of Europe vein finder market. The growing use of handheld vein finder is also refuelling growth of Europe vein finder market.
Based on technology, the Europe vein finder market is segmented into the infra-red, ultra-violet and ultrasound. In which ultrasound is also contributing in the growth of Europe vein finder market. The growing use of technology in healthcare is propelling the growth of Europe vein finder market. The rising use of advanced healthcare devices is also boosting growth of Europe vein finder market. The growing efforts to minimize the patient discomfort is Europe vein finder market.
Based on end user, the Europe vein finder market is bifurcated into hospitals, ambulatory surgical centres, specialized clinics and blood donation centres. In which blood donation centres is also contributing in the growth of Europe vein finder market. The rising awareness regarding blood donation is propelling the growth of Europe vein finder market. The growing rate of blood donation is also boosting growth of Europe vein finder market. The growing need of blood in various surgical procedures is also contributing in the growth of Europe vein finder market.
The Europe vein finder market is studied for key countries such as UK, Germany, France, Italy and Spain. In which UK is anticipated to dominate the market in 2020. The growing economic developments is propelling the growth of Europe vein finder market. The rising adoption of technology in healthcare is also boosting growth of Europe vein finder market. The growing need of medical devices in hospitals and clinics is also driving the growth of Europe 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 United Kingdom is 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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