Venipuncture Procedure Market Is Slated to Increase from A Valuation of US$ 1.7 Billion by 2032

The global venipuncture procedure market is expected progress at 5.4% CAGR and reach US$ 1.7 billion by 2033, as per data released by Fact.MR, a market research and competitive intelligence provider.

A vein is punctured during venipuncture to get access to the bloodstream to take a blood sample or inject medication intravenously. Therefore, during a venipuncture process, a needle is used to draw blood from a vein, which is then submitted to a lab for analysis. The practice of venipuncture is also used to eliminate the body's surplus red blood cell count.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:-
https://www.factmr.com/connectus/sample?flag=S&rep_id=7797?PJ

Due to factors such as an ageing population, innovations in blood collection equipment, and growing public awareness of blood testing, the market is anticipated to increase rapidly throughout the forecast period. The popularity of venipuncture procedure analysis solutions is predicted to accelerate because of recent advancements in vacuum venipuncture technology.

Infectious disease outbreaks, increase in accidents and trauma cases, development of liquid biopsy tests, and rising demand for blood are all factors driving market expansion.

𝗖𝘂𝗿𝗿𝗲𝗻𝘁 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗿𝗲𝗻𝗱𝘀:

Global Disease Burden: The increasing prevalence of chronic diseases and the demand for regular monitoring and diagnosis drive the need for venipuncture procedures. Conditions like diabetes, cardiovascular diseases, and cancer require frequent blood sampling.

Technological Advancements: Ongoing technological innovations in venipuncture devices, including the development of user-friendly, less painful, and safer options, are improving patient experience and healthcare provider efficiency.

Minimally Invasive Procedures: Venipuncture is considered a minimally invasive procedure, and there is a growing preference for such methods to minimize patient discomfort, reduce the risk of complications, and accelerate recovery.

Pediatric and Geriatric Care: Specialized venipuncture procedures for pediatric and geriatric patients are in demand due to the unique requirements of these populations. Procedures must be adapted to ensure patient comfort and safety.

Point-of-Care Testing: The integration of point-of-care testing with venipuncture procedures is on the rise, enabling rapid and convenient diagnostic results, particularly in emergency and critical care settings.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐥𝐞𝐚𝐝𝐢𝐧𝐠 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• Smiths Medical
• Sunphoria Co. Ltd.
• Translite LLC.
• AccuVein Inc.
• B. Braun Melsungen AG
• Adam, Rouilly Limited
• CorVascular Diagnostics, LLC
• Kyoto Kagaku Co., Ltd.
• Christie Medical Holdings, Inc

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝘂𝗱𝘆

• Demand for venipuncture procedures is projected to rise at a CAGR of 5.4% from 2022 to 2032
• Market in Japan is forecasted to progress at a CAGR of 4.8% over the forecast period (2022-2032).

• The global venipuncture procedure market is valued at US$ 1 billion in 2022.
• Market in Germany is estimated to evolve at a CAGR of 5.1% through 2032.

"Growing awareness about regular health check-ups, high emphasis on clinical research, and rise in initiatives by government organizations for advancements in venipuncture techniques are factors driving market expansion," says a Fact.MR analyst

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝

• 𝗕𝘆 𝗩𝗲𝗶𝗻 𝗧𝘆𝗽𝗲:

• Median Cubital Vein
• Cephalic Vein
• Basilic Vein
• Others

• 𝗕𝘆 𝗦𝘂𝗰𝗰𝗲𝘀𝘀 𝗥𝗮𝘁𝗲:

• Total Venipuncture
• Successful Venipuncture

•𝗕𝘆 𝗘𝗻𝗱 𝗨𝘀𝗲𝗿:

• Hospitals
• Diagnostic Laboratories
• Physician Offices/Clinics
• Others

• 𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

𝗪𝗶𝗻𝗻𝗶𝗻𝗴 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆

Key companies are expanding their research and development efforts to develop novel venipuncture methods that can be used in urgent care clinics and skilled nursing facilities. Top market participants are always attempting to introduce novel products that first detect veins and take blood samples.

• Pivo, a needle-free blood collection device, was created by Velano Vascular to make blood collection simple and more widely accepted.

• The Seventh Sense Company just unveiled the TAP, an improved push-button blood collection device.

• In 2021, Velano Vascular, Inc. was acquired by Beckton, Dickinson and Company, who declared that it will change the patient experience with the vision of a "One-Stick Hospital Stay." With this acquisition, cutting-edge no-needle blood draw technology was incorporated, easing the agony and discomfort associated with several needlesticks.

𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗡𝗲𝘄𝘀 𝗮𝗻𝗱 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁𝘀:

Needle-Free Venipuncture: Researchers and manufacturers are exploring needle-free venipuncture technologies, such as micro-needles and vacuum devices, to improve patient comfort and reduce the risk of needlestick injuries among healthcare professionals.

Telemedicine and Remote Monitoring: The expansion of telemedicine and remote monitoring solutions is influencing the venipuncture market. Patients can receive guidance and instructions on self-venipuncture in the comfort of their homes.

Training and Simulation: Innovative training and simulation tools, including virtual reality and anatomical models, are being developed to enhance the skills and confidence of healthcare professionals in performing venipuncture procedures.

Regulatory Compliance: Stricter regulations and guidelines are emerging to ensure safe and effective venipuncture procedures, including the management of medical waste and the prevention of healthcare-associated infections.

Personalized Venipuncture: Tailored venipuncture procedures, taking into account factors like patient age, medical conditions, and venous accessibility, are becoming more prevalent to enhance the patient experience.

𝗠𝗼𝗿𝗲 𝗩𝗮𝗹𝘂𝗮𝗯𝗹𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗼𝗻 𝗢𝗳𝗳𝗲𝗿

Fact.MR, in its new offering, presents an unbiased analysis of the global venipuncture procedure market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.

The study divulges essential insights on the market on the basis of vein type (median cubital vein, cephalic vein, basilic vein, others), success rate (total venipuncture, successful venipuncture), and end user (hospitals, diagnostic laboratories, physician offices/clinics, others), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7797?PJ

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This release was published on openPR.