The market size of vein illuminators was USD 70.8 million in 2023, and it is expected to grow at a compounded annual growth rate of 29.4 % during the period between 2024 and 2030 with an estimated value of USD 414.2 million by 2030.
This development of the market can be credited to the rising count of injectable drugs and the increasing occurrence of chronic syndromes. Furthermore, the growing count of functionalities in such devices, such as an advanced contrast, so that the veins are clearly visible, is driving the development of the industry.
On the basis of technology, the infrared category is projected to display the highest CAGR, as IR-based devices make it convenient to see the site of the veins and even see deep tissues. Devices based on infrared tech generally rely on the absorption of IR light by the hemoglobin in the blood and the image of the unabsorbed light by the nearby tissues back to the detector in the devices. This allows the making of a photo of the location of the veins and its projection onto the skin.
In 2023, the North American vein illuminator market had the largest revenue share, and the region is also estimated to endure its dominating position during the projection period. The development in the continent is credited to the increasing personal income, along with the rising emphasis on health.
In North America, the U.S. grips the foremost position, and it will advance with a CAGR of 29.0%, credited to the increasing occurrence of varicose or spider veins and the obtainability of trained specialists. Furthermore, the existence of significant players and the rapid acceptance of advanced healthcare technologies across the nation are driving the growth.
