Venipuncture Procedure Market
Venipuncture Procedure Market Size , Forecast Analysis, By Vein Type (Median Cubital Vein, Cephalic Vein, Basilic Vein), By Success Rate (Total Venipuncture, Successful Venipuncture), By End User (Hospitals, Diagnostic Laboratories) & Region - Global Market Insights 2022 to 2032
Analysis of Venipuncture Procedure market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Venipuncture Procedure Market Outlook (2022 to 2032)
Expanding at a CAGR of 5.4%, the global venipuncture procedure market is slated to increase from a valuation of US$ 1 billion in 2022 to US$ 1.7 billion by 2032.
A vein is punctured during the venipuncture process to obtain a blood sample or deliver medication to the body. Intravenous cannulation is primarily used for this. Venipuncture is the removal of blood using a needle or a syringe. Due to their easier-to-pierce walls and thinner construction, veins are chosen over arteries.
The most popular location for venipuncture is the antecubital fossa, which is located in the fold of the anterior elbow. This area is traversed by the basilic, median cubital, and cephalic veins. The need for venipuncture needles is rising as more disorders, including leukemia, anemia, and others, are being diagnosed through diagnostic testing. The venipuncture procedure analysis market is also anticipated to develop over the coming years due to an increase in blood donation clinics across regions.
The prevalence of several acute diseases, including diabetes, cancer, and kidney disorders in the world, can be attributed to market expansion. The venipuncture process, one of the most widely used and fundamental medical procedures, enables a doctor to identify and examine any viruses or other disease-causing anomalies by analyzing a patient's blood.
The global market for venipuncture procedure analysis is being considerably impacted by the significant rise in the incidence of cardiovascular disorders, which necessitate early identification. This market is also expanding significantly worldwide because of the ageing population's continued growth.
Other factors influencing market revenue growth are efforts by government organizations related to technological advancements in testing and diagnosing instruments and the high frequency of several blood diseases.
A significant driver propelling market growth is the increase in accidents and trauma occurrences around the world. Products for blood collection are necessary for the treatment of patients with trauma or accident-related injuries.
The treatment is also used in practically every medical facility, from small clinics to large hospitals, which contributes to market expansion. Another factor influencing market value is the preference for this blood collection method over others due to the painless nature of the blood sample procedure.
Clinicians now use the venipuncture method as a crucial tool to aid in the invasive diagnosis of many disorders. The operation has grown in popularity in recent years in the medical field due to a variety of diagnostic uses, including monitoring blood component levels, giving treatments, chemotherapy, or nutrition, and eliminating some blood to get rid of extra RBC.
The accuracy of the results has been compromised in several situations where practitioners were skilled in this method. However, the high attention that healthcare providers are paying to various pre-analytical operations, including the collecting of blood samples and their management, is projected to increase the process' effectiveness and fuel tremendous market expansion. It is anticipated that a rise in the number of technologically innovative product approvals would fuel market expansion.
| Report Attributes | Details |
|---|---|
| Venipuncture Procedure Market Size (2022) | US$ 1 Billion |
| Projected Market Value (2032) | US$ 1.7 Billion |
| Global Market Growth Rate (2022 to 2032) | 5.4% CAGR |
| Market Share of Median Cubital Vein | 50% |
| Key Companies Profiled | 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. |
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What’s Guiding Venipuncture Procedure Market Development?
“Recent Advancements in Venipuncture Procedures”
The development of superior blood collection tools by medical device manufacturers is what is propelling market growth. Emphasis on reducing injuries and blood-borne infections encourages top market players to create new technology, ensuring painless and secure blood collection.
The venous blood collection method is becoming an ideal venipuncture approach as a consequence of R&D in the medical and pharmaceutical industry, which is anticipated to fuel market revenue.
Recent innovations in needle safety technology have considerably decreased the chances of needlestick injuries due to increased incidences of needle injuries caused by unprofessional personnel or for any other reason, which has stimulated market growth. A safety feature can also be passively activated by venous blood collecting technology as soon as the blood link is made. Therefore, these developments in venipuncture technique analysis are fueling industry expansion.
For safe venipuncture or IV access operations, vein finders are non-invasive medical devices that locate veins on the skin's surface. The advantage of vein finders make it simpler to approve them, and their approval rates are increasing more quickly globally. It enables nurses to observe patients' veins more closely and identify the most practical cannulation or injection route.
It can be challenging to find veins in elderly and obese people, which can occasionally result in incorrect IV drug access. Utilizing a vein finder reduces infections, which lowers the infection rate from risky injections and supports market expansion. By providing patients with a variety of benefits, such as fewer sticks, a lower risk of infection, and a reduction in pain and discomfort, this innovation has lessened the burden during venipuncture procedures at laboratory testing as well as on caregivers and self-infusers, which is driving the market growth.
How is Market Expansion Being Restrained to Some Extent?
“Lack of Qualified Professionals & High Equipment Maintenance Cost”
Market growth rate will be hampered by unfavorable reimbursement rules, a shortage of qualified medical personnel, lack of professional training, high maintenance costs, and the absence of procedures for medical staff to follow when using the device.
The global market growth is anticipated to be constrained by several important reasons, including the absence of adequate blood testing devices in developing countries and some product recalls of blood collection devices.
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How Can Start-ups Carve a Space for Themselves in This Industry?
“Emerging Market Players Concentrating on Introduction of Unique Products & Solutions”
As the demand for routine blood tests increases, new entrants are embracing advanced technology to introduce unique products and solutions.
- The automated blood drawing instrument was unveiled by Vitestro, a Dutch start-up that combines robotics, ultrasound scans, and artificial intelligence. The handling of the blood sample is standardized during blood collection thanks to proprietary laboratory automation technologies. The tool enables the pre-analytical stage to be automated almost entirely. This may lower high blood test mistake rates, which are primarily caused by manual variability. With Vitestro's device, blood collection is accurate and secure thanks to robotic needle insertion and AI-based, ultrasound-guided 3D reconstruction. The venipuncture technology can accommodate individuals 16 years of age and older, with comorbidities, and difficult punctures.
Which Region Spearheads Venipuncture Procedure Demand?
“Constant Innovations in Blood Sampling Procedures in North America”
North America leads the venipuncture procedure market due to the rising research and development expenditures, ongoing technological advancements in blood sampling procedures, and rapid adoption of blood testing devices.
Market growth is primarily attributable to the presence of leading companies, enhanced medical facilities, strong awareness of chronic diseases, an increase in R&D activities, and advanced healthcare infrastructure.
Market expansion is ascribed to the innovative products produced as a result of ongoing innovations. The safety and effectiveness of the procedure have substantially improved thanks to these solutions. It is anticipated that the market would be stimulated by efforts made by healthcare providers to train professionals executing the process over the forecast period.
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Country-wise Insights
Why is the U.S. Venipuncture Procedure Market Highly Lucrative?
“Strong Emphasis on Clinical Research in the Country”
Increased incidence of non-communicable diseases and injuries, numerous government measures to lower their incidence rates, a rise in blood donation activities, and a strong emphasis on clinical research are all predicted to fuel market growth in the U.S.
The market is expected to develop as a result of several reasons, including huge health insurance penetration, NGOs' initiatives, and growing public awareness of healthcare.
Why is China Seeing High Demand for Venipuncture Procedures?
“Increasing Blood Donation Initiatives across China”
The venipuncture procedure market in China is expected to progress at a CAGR of 5% over the forecast period. Venipuncture device manufacturers have attractive opportunities in the market. Advances in evacuated tube systems, which are widely employed in the venipuncture procedure, are anticipated to fuel demand significantly.
The ageing population, rise in the number of product approvals and launches, the huge demand for quick diagnostic methods, and the high prevalence of bloodstream infections are boosting market growth in China.
Rising personal disposable income, blood donation initiatives, and increased expenditure to encourage medical tourism are the factors supporting market expansion.
Category-wise Insights
Which Segment Accounts for Substantial Market Revenue?
“Median Cubital Vein Preferred Due to Its Size and Easy Accessibility”
Based on vein type, the venipuncture procedure market is divided into cephalic vein, basilic vein, median cubital vein, and others.
Median cubital vein accounts for 50% share of the global market. Due to its size and accessibility, the antecubital fossa's median cubital vein is the most frequently used area. Veins on the dorsal surface of the hand and wrist, the radial portion of the wrist, and then the dorsal and lateral portions of the ankle are employed, but they must be able to show good circulation to be used.
Which End User Accounts for High Revenue Generation?
“Hospitals Most Preferred Due to Accessibility of High-end Solutions”
The venipuncture procedure market is classified into diagnostic laboratories, hospitals, physician offices/clinics, and others based on the end user.
Hospitals dominate the global market since they are the main locations for disease treatment and diagnosis. The demand for hospitals is being driven by the rise in chronic diseases on a global scale and the accessibility of high-end solutions that allows for fast outcomes.
The demand for blood transfusion diagnostics in hospitals has greatly increased due to growing surgical operations. Hospitals serve as primary care facilities for disease diagnosis and treatment, and most screening and diagnostic procedures are performed by internal departments or outside clinics.
Competitive Landscape
Leading companies are introducing cutting-edge products and streamlining their distribution networks to boost their market shares across different regions. Major market players are concentrating on several business tactics, such as acquiring product approval from regulatory bodies to diversify their product offerings and achieve a competitive edge in the industry.
For instance,
The prefilled syringe for subcutaneous and intravenous usage, Heparin Sodium Incretion, was introduced by the German pharmaceutical company B. Braun.
Segments of Venipuncture Procedure Industry Research
-
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
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Global Market Demand (US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vein Type
- 6.1. Median Cubital Vein
- 6.2. Cephalic Vein
- 6.3. Basilic Vein
- 6.4. Others
- 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Success Rate
- 7.1. Total Venipuncture
- 7.2. Successful Venipuncture
- 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by End User
- 8.1. Hospitals
- 8.2. Diagnostic Laboratories
- 8.3. Physician Offices/Clinics
- 8.4. Others
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East and Africa (MEA)
- 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. South Asia & Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. Smiths Medical
- 17.2. Sunphoria Co. Ltd.
- 17.3. Translite LLC
- 17.4. AccuVein Inc.
- 17.5. B. Braun Melsungen AG
- 17.6. Adam, Rouilly Limited
- 17.7. CorVascular Diagnostics, LLC
- 17.8. Kyoto Kagaku Co., Ltd.
- 17.9. Christie Medical Holdings, Inc.
- 18. Assumptions and Acronyms Used
- 19. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Vein Type, 2017 to 2021
Table 02: Global Market Value (US$ Mn) Analysis, by Vein Type, 2022 to 2032
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Vein Type, 2022 to 2032
Table 04: Global Market Value (US$ Mn) Analysis, by Success Rate, 2017 to 2021
Table 05: Global Market Value (US$ Mn) Analysis, by Success Rate, 2022 to 2032
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Success Rate, 2022 to 2032
Table 07: Global Market Value (US$ Mn) Analysis, by End User, 2017 to 2021
Table 08: Global Market Value (US$ Mn) Analysis, by End User, 2022 to 2032
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by End User, 2022 to 2032
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2017 to 2021
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2022 to 2032
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2022 to 2032
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2017 to 2021
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2022 to 2032
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2022 to 2032
Table 16: North America Market Value (US$ Mn) Analysis, by Vein Type, 2017 to 2021
Table 17: North America Market Value (US$ Mn) Analysis, by Vein Type, 2022 to 2032
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Vein Type, 2022 to 2032
Table 19: North America Market Value (US$ Mn) Analysis, by Success Rate, 2017 to 2021
Table 20: North America Market Value (US$ Mn) Analysis, by Success Rate, 2022 to 2032
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Success Rate, 2022 to 2032
Table 22: North America Market Value (US$ Mn) Analysis, by End User, 2017 to 2021
Table 23: North America Market Value (US$ Mn) Analysis, by End User, 2022 to 2032
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by End User, 2022 to 2032
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2017 to 2021
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2022 to 2032
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2022 to 2032
Table 28: Latin America Market Value (US$ Mn) Analysis, by Vein Type, 2017 to 2021
Table 29: Latin America Market Value (US$ Mn) Analysis, by Vein Type, 2022 to 2032
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Vein Type, 2022 to 2032
Table 31: Latin America Market Value (US$ Mn) Analysis, by Success Rate, 2017 to 2021
Table 32: Latin America Market Value (US$ Mn) Analysis, by Success Rate, 2022 to 2032
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Success Rate, 2022 to 2032
Table 34: Latin America Market Value (US$ Mn) Analysis, by End User, 2017 to 2021
Table 35: Latin America Market Value (US$ Mn) Analysis, by End User, 2022 to 2032
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by End User, 2022 to 2032
Table 37: Europe Market Value (US$ Mn) Analysis, by Country, 2017 to 2021
Table 38: Europe Market Value (US$ Mn) Analysis, by Country, 2022 to 2032
Table 39: Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2022 to 2032
Table 40: Europe Market Value (US$ Mn) Analysis, by Vein Type, 2017 to 2021
Table 41: Europe Market Value (US$ Mn) Analysis, by Vein Type, 2022 to 2032
Table 42: Europe Market Value (US$ Mn) Opportunity Analysis, by Vein Type, 2022 to 2032
Table 43: Europe Market Value (US$ Mn) Analysis, by Success Rate, 2017 to 2021
Table 44: Europe Market Value (US$ Mn) Analysis, by Success Rate, 2022 to 2032
Table 45: Europe Market Value (US$ Mn) Opportunity Analysis, by Success Rate, 2022 to 2032
Table 46: Europe Market Value (US$ Mn) Analysis, by End User, 2017 to 2021
Table 47: Europe Market Value (US$ Mn) Analysis, by End User, 2022 to 2032
Table 48: Europe Market Value (US$ Mn) Opportunity Analysis, by End User, 2022 to 2032
Table 49: East Asia Market Value (US$ Mn) Analysis, by Country, 2017 to 2021
Table 50: East Asia Market Value (US$ Mn) Analysis, by Country, 2022 to 2032
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2022 to 2032
Table 52: East Asia Market Value (US$ Mn) Analysis, by Vein Type, 2017 to 2021
Table 53: East Asia Market Value (US$ Mn) Analysis, by Vein Type, 2022 to 2032
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Vein Type, 2022 to 2032
Table 55: East Asia Market Value (US$ Mn) Analysis, by Success Rate, 2017 to 2021
Table 56: East Asia Market Value (US$ Mn) Analysis, by Success Rate, 2022 to 2032
Table 57: East Asia Market Value (US$ Mn) Opportunity Analysis, by Success Rate, 2022 to 2032
Table 58: East Asia Market Value (US$ Mn) Analysis, by End User, 2017 to 2021
Table 59: East Asia Market Value (US$ Mn) Analysis, by End User, 2022 to 2032
Table 60: East Asia Market Value (US$ Mn) Opportunity Analysis, by End User, 2022 to 2032
Table 61: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2017 to 2021
Table 62: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2022 to 2032
Table 63: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Country, 2022 to 2032
Table 64: South Asia & Oceania Market Value (US$ Mn) Analysis, by Vein Type, 2017 to 2021
Table 65: South Asia & Oceania Market Value (US$ Mn) Analysis, by Vein Type, 2022 to 2032
Table 66: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Vein Type, 2022 to 2032
Table 67: South Asia & Oceania Market Value (US$ Mn) Analysis, by Success Rate, 2017 to 2021
Table 68: South Asia & Oceania Market Value (US$ Mn) Analysis, by Success Rate, 2022 to 2032
Table 69: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Success Rate, 2022 to 2032
Table 70: South Asia & Oceania Market Value (US$ Mn) Analysis, by End User, 2017 to 2021
Table 71: South Asia & Oceania Market Value (US$ Mn) Analysis, by End User, 2022 to 2032
Table 72: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by End User, 2022 to 2032
Table 73: MEA Market Value (US$ Mn) Analysis, by Country, 2017 to 2021
Table 74: MEA Market Value (US$ Mn) Analysis, by Country, 2022 to 2032
Table 75: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2022 to 2032
Table 76: MEA Market Value (US$ Mn) Analysis, by Vein Type, 2017 to 2021
Table 77: MEA Market Value (US$ Mn) Analysis, by Vein Type, 2022 to 2032
Table 78: MEA Market Value (US$ Mn) Opportunity Analysis, by Vein Type, 2022 to 2032
Table 79: MEA Market Value (US$ Mn) Analysis, by Success Rate, 2017 to 2021
Table 80: MEA Market Value (US$ Mn) Analysis, by Success Rate, 2022 to 2032
Table 81: MEA Market Value (US$ Mn) Opportunity Analysis, by Success Rate, 2022 to 2032
Table 82: MEA Market Value (US$ Mn) Analysis, by End User, 2017 to 2021
Table 83: MEA Market Value (US$ Mn) Analysis, by End User, 2022 to 2032
Table 84: MEA Market Value (US$ Mn) Opportunity Analysis, by End User, 2022 to 2032
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2017 to 2021
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 04: Global Market Incremental $ Opportunity, 2022 to 2032
Figure 05: Global Market Share and BPS Analysis by Vein Type, 2022 & 2032
Figure 06: Global Market Y-o-Y Growth Projections by Vein Type, 2022 to 2032
Figure 07: Global Market Attractiveness Analysis by Vein Type, 2022 to 2032
Figure 08: Global Market Share and BPS Analysis by Success Rate, 2022 & 2032
Figure 09: Global Market Y-o-Y Growth Projections by Success Rate, 2022 to 2032
Figure 10: Global Market Attractiveness Analysis by Success Rate, 2022 to 2032
Figure 11: Global Market Share and BPS Analysis by End User, 2022 & 2032
Figure 12: Global Market Y-o-Y Growth Projections by End User, 2022 to 2032
Figure 13: Global Market Attractiveness Analysis by End User, 2022 to 2032
Figure 14: Global Market Share and BPS Analysis by Region, 2022 & 2032
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2022 to 2032
Figure 16: Global Market Attractiveness Analysis by Region, 2022 to 2032
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2017 to 2021
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2032
Figure 20: North America Market Incremental $ Opportunity, 2022 to 2032
Figure 21: North America Market Share Analysis by Country, 2022 & 2032
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 24: North America Market Share and BPS Analysis by Vein Type, 2022 & 2032
Figure 25: North America Market Y-o-Y Growth Projections by Vein Type, 2022 to 2032
Figure 26: North America Market Attractiveness Analysis by Vein Type, 2022 to 2032
Figure 27: North America Market Share and BPS Analysis by Success Rate, 2022 & 2032
Figure 28: North America Market Y-o-Y Growth Projections by Success Rate, 2022 to 2032
Figure 29: North America Market Attractiveness Analysis by Success Rate, 2022 to 2032
Figure 30: North America Market Share and BPS Analysis by End User, 2022 & 2032
Figure 31: North America Market Y-o-Y Growth Projections by End User, 2022 to 2032
Figure 32: North America Market Attractiveness Analysis by End User, 2022 to 2032
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2017 to 2021
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 36: Latin America Market Incremental $ Opportunity, 2022 to 2032
Figure 37: Latin America Market Share Analysis by Country, 2022 & 2032
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 39: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 40: Latin America Market Share and BPS Analysis by Vein Type, 2022 & 2032
Figure 41: Latin America Market Y-o-Y Growth Projections by Vein Type, 2022 to 2032
Figure 42: Latin America Market Attractiveness Analysis by Vein Type, 2022 to 2032
Figure 43: Latin America Market Share and BPS Analysis by Success Rate, 2022 & 2032
Figure 44: Latin America Market Y-o-Y Growth Projections by Success Rate, 2022 to 2032
Figure 45: Latin America Market Attractiveness Analysis by Success Rate, 2022 to 2032
Figure 46: Latin America Market Share and BPS Analysis by End User, 2022 & 2032
Figure 47: Latin America Market Y-o-Y Growth Projections by End User, 2022 to 2032
Figure 48: Latin America Market Attractiveness Analysis by End User, 2022 to 2032
Figure 49: Europe Market Value (US$ Mn) Historical Analysis, 2017 to 2021
Figure 50: Europe Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 52: Europe Market Incremental $ Opportunity, 2022 to 2032
Figure 53: Europe Market Share Analysis by Country, 2022 & 2032
Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 55: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 56: Europe Market Share and BPS Analysis by Vein Type, 2022 & 2032
Figure 57: Europe Market Y-o-Y Growth Projections by Vein Type, 2022 to 2032
Figure 58: Europe Market Attractiveness Analysis by Vein Type, 2022 to 2032
Figure 59: Europe Market Share and BPS Analysis by Success Rate, 2022 & 2032
Figure 60: Europe Market Y-o-Y Growth Projections by Success Rate, 2022 to 2032
Figure 61: Europe Market Attractiveness Analysis by Success Rate, 2022 to 2032
Figure 62: Europe Market Share and BPS Analysis by End User, 2022 & 2032
Figure 63: Europe Market Y-o-Y Growth Projections by End User, 2022 to 2032
Figure 64: Europe Market Attractiveness Analysis by End User, 2022 to 2032
Figure 65: East Asia Market Value (US$ Mn) Historical Analysis, 2017 to 2021
Figure 66: East Asia Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 67: East Asia Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 68: East Asia Market Incremental $ Opportunity, 2022 to 2032
Figure 69: East Asia Market Share Analysis by Country, 2022 & 2032
Figure 70: East Asia Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 71: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 72: East Asia Market Share and BPS Analysis by Vein Type, 2022 & 2032
Figure 73: East Asia Market Y-o-Y Growth Projections by Vein Type, 2022 to 2032
Figure 74: East Asia Market Attractiveness Analysis by Vein Type, 2022 to 2032
Figure 75: East Asia Market Share and BPS Analysis by Success Rate, 2022 & 2032
Figure 76: East Asia Market Y-o-Y Growth Projections by Success Rate, 2022 to 2032
Figure 77: East Asia Market Attractiveness Analysis by Success Rate, 2022 to 2032
Figure 78: East Asia Market Share and BPS Analysis by End User, 2022 & 2032
Figure 79: East Asia Market Y-o-Y Growth Projections by End User, 2022 to 2032
Figure 80: East Asia Market Attractiveness Analysis by End User, 2022 to 2032
Figure 81: South Asia & Oceania Market Value (US$ Mn) Historical Analysis, 2017 to 2021
Figure 82: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 83: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 84: South Asia & Oceania Market Incremental $ Opportunity, 2022 to 2032
Figure 85: South Asia & Oceania Market Share Analysis by Country, 2022 & 2032
Figure 86: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 87: South Asia & Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 88: South Asia & Oceania Market Share and BPS Analysis by Vein Type, 2022 & 2032
Figure 89: South Asia & Oceania Market Y-o-Y Growth Projections by Vein Type, 2022 to 2032
Figure 90: South Asia & Oceania Market Attractiveness Analysis by Vein Type, 2022 to 2032
Figure 91: South Asia & Oceania Market Share and BPS Analysis by Success Rate, 2022 & 2032
Figure 92: South Asia & Oceania Market Y-o-Y Growth Projections by Success Rate, 2022 to 2032
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Success Rate, 2022 to 2032
Figure 94: South Asia & Oceania Market Share and BPS Analysis by End User, 2022 & 2032
Figure 95: South Asia & Oceania Market Y-o-Y Growth Projections by End User, 2022 to 2032
Figure 96: South Asia & Oceania Market Attractiveness Analysis by End User, 2022 to 2032
Figure 97: MEA Market Value (US$ Mn) Historical Analysis, 2017 to 2021
Figure 98: MEA Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 99: MEA Market Value Y-o-Y Growth and Forecast, 2017 to 2032
Figure 100: MEA Market Incremental $ Opportunity, 2022 to 2032
Figure 101: MEA Market Share Analysis by Country, 2022 & 2032
Figure 102: MEA Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 103: MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 104: MEA Market Share and BPS Analysis by Vein Type, 2022 & 2032
Figure 105: MEA Market Y-o-Y Growth Projections by Vein Type, 2022 to 2032
Figure 106: MEA Market Attractiveness Analysis by Vein Type, 2022 to 2032
Figure 107: MEA Market Share and BPS Analysis by Success Rate, 2022 & 2032
Figure 108: MEA Market Y-o-Y Growth Projections by Success Rate, 2022 to 2032
Figure 109: MEA Market Attractiveness Analysis by Success Rate, 2022 to 2032
Figure 110: MEA Market Share and BPS Analysis by End User, 2022 & 2032
Figure 111: MEA Market Y-o-Y Growth Projections by End User, 2022 to 2032
Figure 112: MEA Market Attractiveness Analysis by End User, 2022 to 2032
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the leading regional venipuncture procedure market?
Currently, North America accounts for the highest share of the global venipuncture procedure market.
What is the estimated value of the venipuncture procedure market?
The global venipuncture procedure market is estimated to reach US$ 1.7 billion by 2032.
What is the predicted growth rate of the market?
The market for venipuncture procedures is predicted to develop at a CAGR of 5.4% from 2022 to 2032.
What are the key factors driving the demand for venipuncture?
Rising prevalence of acute & chronic diseases and increase in blood donation clinics are boosting market growth.
Who are the key players in the venipuncture procedure market?
Smiths Medical, Sunphoria Co. Ltd., and Translite LLC. are key participants in the venipuncture procedure market.
Venipuncture Procedure Market