Venipuncture Needles & Syringes Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Venipuncture Needles & Syringes Market Analysis
The major factor attributing to the growth of the market is the rising diagnostics and screening tests of diseases like anemia, leukemia, etc., which involves the collection of blood.
As per GLOBOCAN, the number of leukemia cases in the year 2018 was estimated to be 437,033. As the incidence of such diseases increases the usage of the needles and syringes increases and thus the market is expected to grow in the coming years. Furthermore, the growing preference for disposable products for blood drawing and increasing awareness of blood donation and are a few other major factors for market growth. Rising investments in the surgical instruments by the hospitals is boosting the market. However, the lack of skilled labor is the major drawback of market growth.
Venipuncture Needles & Syringes Market Trends
This section covers the major market trends shaping the Venipuncture Needles & Syringes Market according to our research experts:
Median Cubital Vein Segment is Expected to Dominate the Overall Market Growth
The median cubital vein in the antecubital fossa is the most commonly used site due to its accessibility and size, followed by the neighboring cephalic and basilic veins. Veins on the dorsal surface of the hand and wrist, radial part of the wrist, followed by dorsal and lateral parts of the ankle are used, but these must only be used if they can demonstrate proper circulation.
The major factors propelling the market growth are increasing diagnostic screening of many diseases that require the blood test, increasing awareness for disposable products. Moreover, increasing blood donation programs also propelling market growth.
North America Dominates the Market and Expected to do Same in the Forecast Period
North America is expected to dominate the overall venipuncture needles and syringes market, throughout the forecast period. The largest share is mainly due to the presence of key players and their usage of advanced medical technologies to develop. Furthermore, growing awareness among the population to use disposable products, an increase in the diagnostic test for any disease needs blood sample which therefore is useful to obtain results. The companies also have well-established direct channel collaboration with hospitals and clinics to serve the studied market.
Venipuncture Needles & Syringes Industry Overview
Some of the companies which are currently present in the market are CML Biotech, Demophorius Healthcare, Disera Medical Equipment Logistics Inc., Becton, Dickinson and Company, FL MEDICAL s.r.l., Improve Medical, NxStage Medical, Inc, Plasti Lab.
Venipuncture Needles & Syringes Market Leaders
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CML Biotech
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Demophorius Healthcare
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Disera Medical Equipment Logistics Inc.
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Becton, Dickinson and Company
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FL MEDICAL s.r.l.
*Disclaimer: Major Players sorted in no particular order
Venipuncture Needles & Syringes Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Awareness of Blood Donation
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4.2.2 Increasing Preference for Disposable Products
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4.3 Market Restraints
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4.3.1 Lack of Skilled Professionals
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product
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5.1.1 Needles
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5.1.2 Syringes
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5.2 By Vein Type
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5.2.1 Cephalic Vein
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5.2.2 Median Cubital Vein
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5.2.3 Basilic Vein
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5.2.4 Others
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5.3 By End-User
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5.3.1 Hospitals
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5.3.2 Blood Donation Camps
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5.3.3 Others
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5.4 Geography
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5.4.1 North America
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5.4.1.1 United States
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5.4.1.2 Canada
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5.4.1.3 Mexico
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5.4.2 Europe
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5.4.2.1 Germany
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5.4.2.2 United Kingdom
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5.4.2.3 France
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5.4.2.4 Italy
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5.4.2.5 Spain
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5.4.2.6 Rest of Europe
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5.4.3 Asia-Pacific
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5.4.3.1 China
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5.4.3.2 Japan
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5.4.3.3 India
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5.4.3.4 Australia
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5.4.3.5 South Korea
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5.4.3.6 Rest of Asia-Pacific
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5.4.4 Middle-East and Africa
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5.4.4.1 GCC
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5.4.4.2 South Africa
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5.4.4.3 Rest of Middle-East and Africa
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5.4.5 South America
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5.4.5.1 Brazil
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5.4.5.2 Argentina
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5.4.5.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 CML Biotech
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6.1.2 Demophorius Healthcare
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6.1.3 Disera Medical Equipment Logistics Inc.
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6.1.4 Becton, Dickinson and Company
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6.1.5 FL MEDICAL s.r.l.
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6.1.6 Improve Medical
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6.1.7 NxStage Medical, Inc. (Fresenius Medical Care)
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6.1.8 Henry Schein, Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Venipuncture Needles & Syringes Industry Segmentation
As per the scope of the report, venipuncture needles and syringes are used to draw blood from people. The venipuncture or venepuncture is the process of obtaining intravenous access for the purpose of venous blood sampling or intravenous therapy. This report is segmented by Product, by Vein Type, by End-User, and by Geography.
| By Product | |
| Needles | |
| Syringes |
| By Vein Type | |
| Cephalic Vein | |
| Median Cubital Vein | |
| Basilic Vein | |
| Others |
| By End-User | |
| Hospitals | |
| Blood Donation Camps | |
| Others |
| Geography | ||||||||
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Venipuncture Needles & Syringes Market Research FAQs
What is the current Venipuncture Needles and Syringes Market size?
The Venipuncture Needles and Syringes Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)
Who are the key players in Venipuncture Needles and Syringes Market?
CML Biotech, Demophorius Healthcare, Disera Medical Equipment Logistics Inc., Becton, Dickinson and Company and FL MEDICAL s.r.l. are the major companies operating in the Venipuncture Needles and Syringes Market.
Which is the fastest growing region in Venipuncture Needles and Syringes Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Venipuncture Needles and Syringes Market?
In 2024, the North America accounts for the largest market share in Venipuncture Needles and Syringes Market.
What years does this Venipuncture Needles and Syringes Market cover?
The report covers the Venipuncture Needles and Syringes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Venipuncture Needles and Syringes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Venipuncture Needles and Syringes Industry Report
Statistics for the 2024 Venipuncture Needles and Syringes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Venipuncture Needles and Syringes analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
