According to FutureWise analysis the market for venipuncture needles and syringes is expected to register a CAGR of 5.30% from 2023-2031.
Venipuncture is the surgical puncture of a vein for the purpose of drawing blood for diagnostic purposes. Venipuncture can be performed through venous access. During the study of venipuncture procedures, the fingerstick method of blood sample collection has not been considered, since it is not considered a direct puncture of a vein. Venipuncture needles and syringes are types of medical equipment used for drawing blood from people. Venipuncture is the process of obtaining intravenous access for the purpose of administering intravenous therapy or sampling venous blood. People around the world are increasingly suffering from chronic disorders such as anemia, leukemia, and others, which is a major factor driving the market for venipuncture needles and syringes. Incidences of such diseases are increasing, increasing the need for diagnostics and screening tests requiring the use of needles and syringes, and the preference for disposable products for blood drawing is increasing. Increasing investments in surgical instruments by hospitals and a growing awareness of blood donation among the population further influence the market.
A number of factors influence the market for venipuncture needles and syringes, including the improvement of healthcare infrastructure, the increase in anemic patients, and the aging population. The prevalence of chronic disorders such as anemia, leukemia, and others among people across the globe is one of the major factors driving the growth of the venipuncture needles and syringes market. A rise in the incidence of such diseases has increased the demand for diagnostics and screening tests involving needles and syringes, as well as the preference for disposable products for blood drawing. Upper limb blood is primarily obtained from superficial veins. The median cubital vein, which lies in the cubital fossa anterior to the elbow, lies near the skin's surface without many large nerves nearby. In addition to the cephalic, basilic, and median antebrachial veins in the cubital fossa, other veins can be venipunctured there.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Venipuncture Needles and Syringes Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Venipuncture Needles and Syringes Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.