Major Players - Vein Finder Industry

Jun, 2023 - by CMI

Major Players - Vein Finder Industry

Vein Finder is a device used for detecting vein in patients without causing any discomfort. The haemoglobin present in the blood absorbs the light ray emitted by the device and the vein appears visibly different than its surrounding tissues. Vein finder device help health professionals in drawing blood or in intra-venous therapy. The device can be helpful in cases where it is difficult to find veins such as elderly patients, obese, dark skinned and burnt patients.

High prices of advanced devices may obstruct the global Vein Finder Market growth. For instance, Veinlite LEDX, designed by TransLite LLC specifically for sclerotherapy and phlebectomy, costs around US$ 629. Therefore, high prices of vein finders may limit the global vein finder market growth in emerging regions such as Africa, Latin America, and Asia Pacific.

Top Companies in the Vein Finder Industry:

1) AccuVein Inc.

AccuVein Inc. is the global leader in vein illumination. AccuVein, Inc. provides medical imaging solutions. The Company offers portable non-contact vein finding devices, venipunctures, vein illumination solutions, vein viewing systems, wheeled hands, and powered hands free solutions. AccuVein serves nurses, physicians, administrators, patients, and educators worldwide. Accuvein was founded in the year 2006, and the headquarters are located in Medford, New York City, U.S.

As of December 2022, the company showcased its innovative vein visualization device, the AccuVein AV500, which features its patented TrueCenter technology.

2) Christie Medical Holdings

Christie Medical Holdings, Inc. is a global company that discovers, develops and commercializes medical technologies. Christie Medical Holdings, Inc. distributes medical equipments. The Company offers cinema projection, projectors, LED video walls, image processors, media servers, switchers, warping, blending, and players, as well as provides professional, service desk support, on-site field, remote monitoring, and services. Christie Medical Holdings serves customers worldwide. The company was founded in the year 2001, and the headquarters are located in Lake Mary, Florida.

3) Koninklijke Philips N.V.

Koninklijke Philips N.V. shortened to Philips is a multinational Conglomerate industry. It was founded in the year 15 May 1891 and the headquarters are located Amsterdam, Netherlands. Philips has a primary listing on the Euronext Amsterdam stock exchange. It was founded by Gerard and Anton Philips. Philip’s core products are consumer electronics and electrical products, like beauty and childcare appliances, computer accessories, MRI scanners and radiography equipment.

In December 2021, Philips completed the acquisition of Vesper Medical, a medical device company dedicated to the development of a novel venous stent for the treatment of a variety of venous diseases.

4) Venoscope

Venoscope is a medical device manufacturing company. Venoscope products are considered an innovative way to detect veins. These products include a vein finder and a neonatal vein finder. In surgery, chemotherapy, radiography, or anesthesia, medical professionals use these devices to locate veins for transfusions. The company was founded in the year 1988, and the headquarters are located in Southern US.

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