Venipuncture Needles Market 2021 Industry Size, Demand, Global Trend, Business Growth, Top Key Players Update, Drivers, Opportunities & Forecast 2026
Increase in diagnostic testing for various diseases, rapid adoption of disposable products along with increase in blood donation programs are key factors driving the global venipuncture needles market.
Dallas, United States – May 21, 2021 /MarketersMedia/ —
The global venipuncture needles market is anticipated to grow at a CAGR of 5.4%. Increase in diagnostic tests for diseases, rise in blood draws performed along with increase in blood donation programs are major factors driving the global venipuncture needles market.
Venipuncture evolved from the practice of phlebotomy. Phlebotomy, the practice of bloodletting, has been practiced for centuries and is still one of the most common invasive procedures in healthcare. In this regard, the word “venipuncture” is much more modern, as it applies to the method of collecting blood for sampling and analysis by piercing the vein’s wall with a needle rather than removing it with a lancet. Increase in adoption of venipuncture technique for blood collection for detecting and diagnosing infections in the bloodstream is expected to boost the overall demand for these needles.
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Venipuncture syringes and needles are used to pull out blood from people. The venipuncture or venipuncture is the procedure of attaining intravenous access for intravenous therapy or venous blood sampling purpose. Venipuncture is a process of creating a hole in a vein as a role in medical practice, mainly to inject a drug into the body or to suck blood sample. The process includes intravenous cannulation. Venipuncture is considered being one of the most old invasive procedure methods that is carried out for some basic reasons and they are as to collect blood that can later be used for transfusion, to remove blood because of presence of iron or erythrocytes in high amount, chemotherapy, nutrition, administer medications, identification of components level in blood and for collection of bllod to investigate it. All of these operations are carried out by making use of venipuncture needle. The global Venipuncture Needles Market has been witnessing an immense growth over the recent years.
The growth of the Venipuncture Needles industry is driven by several growth driving aspects. Over the past few decades there has been significant rise in number of blood collection processes and blood tests. This is considered being a major reason behind this upsurge in the Venipuncture Needles industry growth. The elevation in blooming venipuncture practices is another crucial aspect driving the growth of the market on global level. The consistent advancements in the healthcare sector have given rise to enlargement in the elderly population worldwide. These people are more vulnerable to diseases and needs frequent assessments. This need has been providing thrust to the market growth. In addition to that, the increasing alertness among people regarding regular health checkups and importance of blood donation is expected to boost the demand for these venipuncture needles and syringes across the globe.
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In past few years, there has been a significant growth in the prevalence of number of chronic disorders like leukemia, anemia and others among people which in turn is propelling the growth of the Venipuncture Needles and syringes market. The increase in incidences such diseases increasing the causes the need for screening and diagnostics tests which require the use of syringes and needles and increase in the preference for disposable products for drawing of blood which in turn is accelerating the growth of the Venipuncture Needles market. Furthermore, the rising number of investments by hospitals and private organizations in the healthcare sector in order to develop advanced surgical instruments is anticipated to offer lucrative opportunities to market players. Moreover, increase in number of anemic patients and improving healthcare infrastructure are some of the supplementary aspects that providing momentum to the market growth. The continuous advancements made in the field in terms of technology are offering lucrative opportunities for growth to the entities in the Venipuncture Needles market.
Geographically, North America held substantial share of the global venipuncture needles market in 2019. Presence of key industry players offering wide range of venipuncture needles, high adoption of advanced technology, along with large volume of blood draws performed in the U.S. are key factors likely to drive the growth of the market in the next few years. Asia Pacific is anticipated to create immense growth opportunities in the future. Surging population, growing adoption of disposable products and rise in blood donation camps in emerging countries such as India and China are factors expected to drive the growth of the market in the region.
Major players operating in the global venipuncture needles market include Becton, Dickinson & Company, Smiths Medical, B. Braun Melsungen AG, Disera Medical Equipment Logistics Inc., Demophorius Healthcare, NxStage Medical, Inc, Improve Medical, Retractable Technologies, Inc., Plasti Lab, and FL MEDICAL s.r.l. among others.
Key Segments of the Global Venipuncture Needles Market
Vein Type Overview, 2018-2028 (USD Million)
Cephalic Vein
Median Cubital Vein
Basilic Vein
Others
End-users Overview, 2018-2028 (USD Million)
Hospital
Diagnostic Laboratories
Physician’s Office
Others
Regional Overview, 2018-2028 (USD Million)
North America
U.S.
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa
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