Market Size of Venipuncture Needles and Syringes Industry
| 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 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 and Syringes Market Size Summary
The venipuncture needles and syringes market is experiencing significant growth, driven by the increasing demand for diagnostics and screening tests for diseases such as anemia and leukemia, which require blood collection. The rising preference for disposable products and heightened awareness of blood donation are also contributing to the market's expansion. Additionally, investments in surgical instruments by hospitals are further boosting market growth. However, a notable challenge is the shortage of skilled labor, which could impede the market's progress. The most commonly used sites for venipuncture include the median cubital vein, with other sites like the cephalic and basilic veins being utilized as well, depending on circulation adequacy.
North America is anticipated to lead the venipuncture needles and syringes market throughout the forecast period, primarily due to the presence of key industry players and their adoption of advanced medical technologies. The region's market dominance is also supported by a growing awareness of disposable products and an increase in diagnostic tests requiring blood samples. Companies in this sector have established strong direct collaborations with hospitals and clinics, enhancing their market presence. Notable companies operating in this market include CML Biotech, Demophorius Healthcare, Disera Medical Equipment Logistics Inc., Becton, Dickinson and Company, and FL MEDICAL s.r.l.
Venipuncture Needles and Syringes Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Awareness of Blood Donation
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1.2.2 Increasing Preference for Disposable Products
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1.3 Market Restraints
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1.3.1 Lack of Skilled Professionals
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Needles
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2.1.2 Syringes
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2.2 By Vein Type
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2.2.1 Cephalic Vein
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2.2.2 Median Cubital Vein
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2.2.3 Basilic Vein
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2.2.4 Others
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2.3 By End-User
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2.3.1 Hospitals
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2.3.2 Blood Donation Camps
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2.3.3 Others
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle-East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle-East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Venipuncture Needles and Syringes Market Size 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.
