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 finders are the dedicated tools which are utilized by medical service providers during the time of venipuncture and hence accelerate the detecting of invisible veins without causing any discomfort to the patients. Furthermore, this equipment are used in identifying veins that are below the skin. Thus, these devices aids in finding veins which are difficult to recognize, thus offers assistance for drawing blood IV access in many groups of patients which comprised of obese individual & the elderly patients. The primary objective of the vein finder tools is to offer superior healthcare services to patients.
The United States vein finder market is observing rapid growth during the forecast period of 2021 to 2027. The vein finders are one of the effective tools gaining popularity in the market owing to various advantages of vein finding tools. The key factors such as surging in the aging populace affected by chronic ailments is propelling the growth of United States vein finder market. Rising cases of hospitalizations is also refuelling growth of United States vein finder market. Flourishing fashion sector and emerging personal care and cosmetics is also boosting growth of United States vein finder market. High customer satisfaction achieved by hospitals and clinics is also driving growth of United States vein finder market. However, dearth of skilled professionals is hindering the growth United States 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 United States 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 United States veins finder market is segmented into type, application, product, technology and end user.
Based on type, the United vein finder market is segmented into active vein finder and passive vein finder. In which active vein finder is expected to dominate the United States vein finder market in 2020. The Increasing adoption of vein finder tools is boosting the growth of United States vein finder market. Rising applications of active vein finder in hospitals and nursing homes for venipuncture procedures and IV access is also driving growth of United States vein finder market.
Based on application, the United States vein finder market is bifurcated into the blood draw/vein puncture and IV access. In which IV access is estimated to dominate the market in 2020. The rising applications of vein illuminators for IV nutritional support, IV fluid administrations is boosting growth of United States vein finder market. Increasing administrations of IV chemotherapy is also refuelling the growth of United States vein finder market. The technological advancement in IV canulation techniques is also propelling growth of United States vein finder market.
Based on product, the United States vein finder market is categorised into the benchtop and handheld. In which handheld is expected to dominate the market in 2020. The rising exigency for easy handling tools is boosting the growth of United States vein finder market. The rising exigency for advanced technology in the healthcare industry is also propelling growth of vein finder market. The growing adoption of handheld vein finder is also driving the growth of vein finder market.
Based on technology, the United States vein finder market is segmented into the infra-red, ultra-violet and ultrasound. In which ultra-violet is also contributing in the growth of United States veins finder market. The rising adoption of technology in healthcare industries is boosting growth of United States vein finder market. The growing adoption of vein illuminators is also driving growth of United States vein finder market. The growing need of advanced healthcare devices is also refuelling the growth of United States vein finder market.
Based on end users, the United States vein finder market is segmented into hospitals, ambulatory surgical centres, specialized clinics and blood donation centres. In which hospitals are expected to dominate the market in 2020. The high usage rate in hospitals is propelling the growth of United States vein finder market. Rising focus on delivery of advanced healthcare facilities is driving the growth of vein finder market. The high patient outflow is also boosting growth of 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 and end user. 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 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.
Why to buy this report
• The report offers changing market dynamics in the vein finder markets industry, presenting historical, current and projected market size in terms of value (USD Million)
• The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of the vein finder market.
• It presents a comprehensive assessment of countries exhibiting promising growth, potential and niche segments and a neutral perspective of the vein finder market.
• The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of vein finder market.
