Global Venipuncture Needles and Syringes Market, By Product (Needles, Syringes), Vein Type (Cephalic Vein, Median Cubital Vein, Basilic Vein, Others), End-User (Hospitals, Blood Donation Camps, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Venipuncture Needles and Syringes Market
The venipuncture needles and syringes market is expected to witness market growth at a rate of 5.03% in the forecast period of 2021 to 2028 and is expected to reach USD 965.59 million by 2028. Data Bridge Market Research report on venipuncture needles and syringes market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in successful venipuncture procedure is escalating the growth of venipuncture needles and syringes market.
The venipuncture needles and syringes refer to the type of medical equipment that is utilized to draw blood from people. The venipuncture or venipuncture is referred to as the process of obtaining intravenous access for the purpose of intravenous therapy or venous blood sampling.
The increase in the prevalence of chronic disorders such as anemia, leukemia and others among people across the globe, acts as one of the major factors driving the growth of venipuncture needles and syringes market. The rise in the incidence of such diseases increasing the need for diagnostics and screening tests requiring the usage of the needles and syringes and increase in the preference for disposable products for blood drawing accelerate the market growth. The surge in the investments in the surgical instruments by the hospitals and growth in the awareness of blood donation among population, further influence the market. Additionally, improving healthcare infrastructure, increase in number of anemic patients and rising geriatric population positively affect the venipuncture needles and syringes market. Furthermore, technological advancements in the procedure extend profitable opportunity to the market players in the forecast period of 2021 to 2028.
- On the other hand, high cost associated with the venipuncture is expected to obstruct the market growth. Lack of skilled labor is projected to challenge the venipuncture needles and syringes market in the forecast period of 2021-2028.
This venipuncture needles and syringes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on venipuncture needles and syringes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Venipuncture Needles and Syringes Market Scope and Market Size
The venipuncture needles and syringes market is segmented on the basis of product, vein type and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the venipuncture needles and syringes market is segmented into needles and syringes.
- On the basis of vein type, the venipuncture needles and syringes market is segmented into cephalic vein, median cubital vein, basilic vein and others.
- On the basis of end-user, the venipuncture needles and syringes market is segmented into hospitals, blood donation camps and others.
Global Venipuncture Needles and Syringes Market Country Level Analysis
The venipuncture needles and syringes market is analyzed and market size insights and trends are provided by country, product, vein type and end-user as referenced above.
The countries covered in the global venipuncture needles and syringes market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the venipuncture needles and syringes market because of the presence of key players, growing awareness among the population to use disposable products, usage of advanced medical technologies and well-established direct channel collaboration with hospitals and clinics within the region. This region will also foster in the forecast period.
The country section of the venipuncture needles and syringes market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The venipuncture needles and syringes market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for venipuncture needles and syringes market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the venipuncture needles and syringes market. The data is available for historic period 2010-2019.
Competitive Landscape and High Flow Needle Sets Market Share Analysis
The high flow needle sets market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to venipuncture needles and syringes market.
The major players covered in the venipuncture needles and syringes market report are BD, CML Biotech, Demophorius Healthcare, FL MEDICAL s.r.l., Improve Medical, Fresenius Medical Care AG & Co. KGaA, Henry Schein, Inc., B. Braun Melsungen AG, Indo Pharma & Surgical Limited, Allied Way (India)., PH Healthcare., Thomas Scientific, Hindustan Syringes & Medical Devices Ltd, GlobalSpec, Merck KGaA, Medline Industries, Inc., SAAPP (FZC) LLC., and Cardinal Health., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.