SEATTLE, April 15, 2021, (MEDGADGET) — Global Venipuncture Needle and Syringes Market – Insights
Venipuncture, also known as venipuncture, is a process in which intravenous access is obtained for the purpose of intravenous therapy or for blood sampling of venous blood. Needles and syringes are used in venipuncture blood collection. The invasive process is used to collect blood, identify the levels of blood components, and administer therapies, nutrition, or chemotherapy, to eliminate blood due high presence of iron or erythrocytes, and to collect blood for transfusion.
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Global Venipuncture Needle and Syringes Market: Drivers
Increasing number of blood tests and blood collection is expected to boost growth of the global venipuncture needle and syringe market. For instance, June 2019, according to the World Health Organization, in low-income countries, up to 52% of blood transfusions are given to children under 5 years of age; whereas in high-income countries, the most frequently transfused patient group is over 65 years of age, accounting for up to 75% of all transfusions.
Moreover, increasing use of advanced syringe and methods for blood sampling instead of conventional methods is also expected to boost growth of the global venipuncture needle and syringes market. Increasing prevalence of chronic diseases is also expected to boost growth of the market. For instance, according to the World Health Organization, almost 85% of all the chronic diseases need blood test for diagnosis.
Global Venipuncture Needle and Syringes Market: Restraints
However, use of venipuncture in aging and pediatric population poses major challenges, which is expected to hinder growth of the global venipuncture needle and syringes market. For instance, according to the WHO, between 2015 and 2050, the proportion of the world’s population over 60 years will nearly double from 12% to 22%.
Global Venipuncture Needle and Syringes Market: Taxonomy
The global venipuncture needle and syringes market is segmented into vein type, end-user, and region. Among vein types, the median cubital vein segment is expected to account for the largest market share over the forecast period.
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By Vein Type
- Cephalic Vein
- Median Cubital Vein
- Basilic Vein
- Diagnostic Labs
- Physicians’ Offices
- North America
- Latin America
- Asia Pacific
- Middle East
Global Venipuncture Needle and Syringes Market: Regional Analysis
North America is expected to hold dominant position in the global venipuncture needle and syringes market over the forecast period. This is attributed to high presence of major market players and increasing use of venipuncture needle and syringes in the region.
The market in Africa is driven by increasing number of diagnostic tests and blood sampling in the region. For instance, according to the WHO, Africa faces a high demand for blood transfusion due to bleeding related to pregnancy and childbirth, high prevalence of malaria with the attendant complication of severe malarial anemia, high rates of road traffic accidents and other types of injury as well as other indications for blood transfusion.
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Global Venipuncture Needle and Syringes Market: Competitive Landscape
Major players operating in the market are focused on product approval to expand their product portfolio. For instance, in January 2019, Becton, Dickson and Company, a medical technology company, received the U.S. Food and Drug Administration 510(k) clearance for its second generation BD Nano pend needle, which is designed for reliable subcutaneous injection depth. In April 2019, B. Braun, a Germany-based pharmaceutical company, launched its Heparin Sodium Incretion, which is a prefilled syringe for subcutaneous and intravenous use.
Major players operating in the global venipuncture needle and venipuncture syringes market include Smiths Medical, Becton, Dickinson and Company, and B. Braun Medical.
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