Key vendors to strategically make increased R&D investments
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global vein illumination device market in their latest research report. This report also lists seven other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global vein illumination device market is characterized by intense competition among vendors. The end-users of vein illumination devices are healthcare centers, hospitals, nursing homes, and home care centers. Vendors strive to maintain the integrity of the product by maintaining high supply chain standards. With the increase in R&D investments, vendors are expanding their products in the markets.
According to Sunil Kumar Singh, a lead analyst at Technavio for research on hardware and semiconductor, “Several medical devices use near-infrared technology to aid in vascular access methods. Many vendors are displaying the vein viewer technology in various conferences. For instance, Christie Medical Holdings exhibited the vein viewer technology and AccuVein exhibited AccuVein AV400 device at the Association for Vascular Access Annual Scientific Meeting that was held in September 2016.”
Top five vendors in the vein illumination device market space
AccuVein products help in locating the peripheral vein on the skin’s surface. They help to improve various vascular access procedures that use venipuncture and invasive medical procedures. The company’s vein viewing system provides a handheld, non-contact vein illumination solution.
Key products: AV400 Vein Viewing System, HF470 Extended Reach Powered Wheeled Stand, HF450 Unpowered Wheeled Stand, and HF410 Hands-Free Solution.
Christie Medical Holdings
Christie Medical Holdings develops and commercializes medical technologies. It is owned by Christie Digital Systems, which is a global visual technologies company. The company provides distinctive visualization modes that help clinicians in finding the optimal venipuncture site.
Key products: VeinViewer Flex, VeinViewer Vision, and VeinViewer Vision2.
TransLite commercializes an innovative product called the Nevoscope. This device is used for skin cancer detection. The Veinlite device originated from the clinical results collected using the Nevoscope. The company’s products help in better viewing of blood vessels using transillumination imaging. It uses a fiberoptic ring light with a powerful light source for blood vessel imaging.
Key products: Veinlite LED+, Veinlite LED, Veinlite PEDI, Veinlite EMS PRO, and Veinlite LEDX.
Sharn Anesthesia is a supplier of anesthesia products and provides temperature trend indicators. It offers a wide range of products for anesthesia and central sterile departments. The company generates its revenue through seven business segments – Airway management, Laryngoscopes, Temperature management, Patient monitoring, Anesthesia essentials, Instruments & care, and Equipment.
Key products: Vein Locator.
Venoscope utilizes LED technology for transillumination. The company’s products are used in various applications such as IV therapy, IV infiltrations, hemophilia, emergency care, venoscope for home care, neonatal application, and sclerotherapy.
Key products: Venoscope II and Neonatal Transilluminator.
A more detailed analysis is available in the Technavio report, Global Vein Illumination Device Market 2017-2021.
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