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The growth in the global market for venipuncture procedure analysis can be associated with the rising incidences of diseases like diabetes and cancer that are usually detected using a blood sample. In addition to this, seasonal viral such as dengue fever, malaria, and chikungunya are also detected by analysing blood samples obtained from the venipuncture procedure hence aiding the overall market growth. Furthermore, advances in venipuncture procedure for the development of techniques like venous blood sampling, which ensures a pain-free procedure and substantially reduces the risk of needlestick injuries, is increasingly being adopted in various medical centres, hence invigorating the market growth of venipuncture procedure analysis. Such advancements in technologies are a result of robust investments in the healthcare and pharmaceutical research and development (R&D) programmes. Moreover, owing to favourable government measures, the flourishing healthcare sector in major developed and developing countries is another factor contributing to the market growth of venipuncture procedure analysis.
The market growth is being increasingly augmented by the deployment of advanced venipuncture procedure equipment in hospitals like Fortis Healthcare Ltd. (NSE: FORTIS). AccuVein Inc., a global leader in the market for venipuncture procedure analysis, recently announced the release of near infrared (NIR) vascular visualization technology in February 2021. As per the Infusion Therapy Standards of Practice, the use of NIR vein visualisation technology in venipuncture procedure analysis aids in assessing peripheral venous sites and facilitates more informed decisions about vein selection. AccuVein’s vein visualisation technique has been shown to reduce patient pain and anxiety, improve the efficiency of venous blood collection procedures, decrease the risk of needle injuries, and is cost-effective. Hence, such innovations by leading market players are furthering the market growth of venipuncture procedure analysis.
Market Analysis by Success Rate, Vein Type, End User, and Region:
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The major players in the global venipuncture procedure analysis market are AccuVein Inc., Smiths Medical, Inc., B. Braun Melsungen AG, Christie Medical Holdings, Inc, and TransLite LLC., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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