Global Venipuncture Procedure Analysis Market, By Success Rate (Total Venipuncture, Successful Venipuncture), By Vein Type (Cephalic Vein, Median Cubital Vein, Basilic Vein), By End-Users (Hospitals (Private), Diagnostic Labs, Physicians’ Offices), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) - Industry Trends and Forecast to 2024
Market Analysis: Venipuncture Procedure Analysis Market
The venipuncture procedure market accounted to USD 788 million in 2016 growing at a CAGR of 5.6% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Venipuncture Procedure Analysis Market
Venipuncture he medical procedure of drawing blood from veins in humans and animals, mainly for diagnostic purposes such as blood sampling of the blood component. These are performed by clinicians, medical practitioners, medical laboratory scientists, paramedics, dialysis technicians, phlebotomists, and nursing staff.
Major Market Drivers and Restraints:
- Rising geriatric population
- Increasing incidence of various chronic diseases
- Government Initiatives to better healthcare
- Technological developments
- Lack of essential skills of medical professionals
Market Segmentation: Venipuncture Procedure Analysis Market
By Success Rate the market for venipuncture procedure is segmented into total venipuncture, successful venipuncture.
By Vein type the venipuncture procedure market is segmented into cephalic vein, median cubital vein, basilic vein.
On the basis of end-users the venipuncture procedure market is segmented into Hospitals (Private), Diagnostic Labs, Physicians’ Offices. On the basis of geography, venipuncture procedure market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Competitive Analysis: Venipuncture Procedure Analysis Market
The venipuncture procedure market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of venipuncture procedure market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Venipuncture Procedure Analysis Market
Some of the major players operating in venipuncture procedure market are AccuVein Inc., Smiths Medical, B. Braun Medical, Becton Dickinson and Company, Christie Medical Holdings, Inc., TransLite, LLC, Sharn Anesthesia and Venoscope, LLC. among others
Research Methodology: Venipuncture Procedure Analysis Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or drop down your inquiry.
Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.