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Global Venipuncture Procedure Analysis Market: By Success Rate: Total Venipuncture, Successful Venipuncture; By Vein Type: Median Cubital Vein, Cephalic Vein, Basilic Vein, Others; By End User; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Venipuncture Procedure Analysis Market Outlook

The global venipuncture procedure analysis market attained a value of about USD 864.2 million in 2020. The market is further expected to grow at a CAGR of 5.66% during the forecast period of 2022-2027 to reach nearly USD 1,139.60 million by 2026.

 

The Prevalence of Venipuncture Procedure for Disease Detection is Propelling the Market Growth

The growth in the market for venipuncture procedure analysis can be determined by the presence of a number of acute and chronic diseases, including diabetes, cancer, and kidney diseases, among others, worldwide. As one of the most common and fundamental medical procedures, the venipuncture procedure allows a doctor to detect and analyse the presence of viruses or any other disease-causing abnormalities by analysing the blood of a patient.

 

Global Venipuncture Procedure Analysis Market

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In addition, the market growth of venipuncture procedure analysis is further augmented by the use of the procedure in nearly every medical institute, from small clinics to big hospitals. Furthermore, as the blood sampling procedure does not cause pain, venipuncture procedure is increasingly being preferred over any other blood collection method, which is another factor driving the market growth of venipuncture procedure analysis.

 

Venipuncture Procedure Analysis: Industry Definition and Segmentation

Venipuncture refers to a procedure in which a needle is used to extract blood from a vein for laboratory testing and analysis. Venipuncture procedure analysis is usually the primary step for any medical procedure, and the blood is usually collected with the help of needles which is then stored in a test tube for further analysis.

The market, based on success rate, can be divided into:

  • Total Venipuncture
  • Successful Venipuncture

Based on vein type, the market can be categorised into:

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

On the basis of end user, the market can be segmented into:

  • Hospital (Public and Private)
  • Diagnostic Laboratories
  • Physician Office/ Clinics
  • Others

The EMR report looks into the regional markets of venipuncture procedure analysis like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

 

Advancements in Blood Collection Techniques to Augment the Market Growth of Venipuncture Procedure Analysis

The global market for venipuncture procedure analysis is being driven by substantial improvements made by medical device manufacturers towards safer blood collection equipment. Emphasis on the prevention of injury and bloodborne pathogens is propelling leading market players to innovate technologies that ensure safe and pain-free blood collection. As a result of robust research and development (R&D) in the medical and pharmaceutical sector, the venous blood collection method is emerging as an optimal venipuncture procedure, which is expected to drive the overall market growth over the forecast period.

Owing to rising cases of needle injuries due to unprofessional staff or any other reasons, advances in needle safety technology have significantly reduced the risk of needlestick injuries, thereby invigorating market growth of venipuncture procedure analysis. Furthermore, venous blood collection technology further allows passive activation of a safety feature as soon as the blood connection is initiated. Hence, such advancements in venipuncture procedure analysis are driving the growth of the industry.

 

Key Industry Players in the Global Venipuncture Procedure Analysis Market

The report presents a detailed analysis of the following key players in the global venipuncture procedure analysis market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:

  • AccuVein Inc.
  • Smiths Medical, Inc.
  • B. Braun Melsungen AG
  • Christie Medical Holdings, Inc
  • TransLite LLC
  • Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Success Rate, Vein Type, End User, Region
Breakup by Success Rate Total Venipuncture, Successful Venipuncture
Breakup by Vein Type Median Cubital Vein, Cephalic Vein, Basilic Vein, Others
Breakup by End User Hospital (Public and Private), Diagnostic Laboratories, Physician Office/ Clinics, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered AccuVein Inc., Smiths Medical, Inc., B. Braun Melsungen AG, Christie Medical Holdings, Inc, TransLite LLC, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global 
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Venipuncture Procedure Analysis Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Venipuncture Procedure Analysis Historical Market (2017-2021) 
    8.3    Global Venipuncture Procedure Analysis Market Forecast (2022-2027)
    8.4    Global Venipuncture Procedure Analysis Market by Success Rate
        8.4.1    Total Venipuncture 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Successful Venipuncture
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Venipuncture Procedure Analysis Market by Vein Type
        8.5.1    Median Cubital Vein 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Cephalic Vein
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Basilic Vein
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Others
    8.6    Global Venipuncture Procedure Analysis Market by End User
        8.6.1    Hospital (Public and Private)
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Diagnostic Laboratories
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Physician Office/ Clinics
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Others
    8.7    Global Venipuncture Procedure Analysis Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    AccuVein Inc.
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Smiths Medical, Inc.
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    B. Braun Melsungen AG
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Christie Medical Holdings, Inc
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    TransLite LLC
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Others
12    Industry Events and Developments

 

List of Figures and Tables

1.    Global Venipuncture Procedure Analysis Market: Key Industry Highlights, 2016 and 2026
2.    Global Venipuncture Procedure Analysis Historical Market: Breakup by Success Rate (USD Million), 2017-2021
3.    Global Venipuncture Procedure Analysis Market Forecast: Breakup by Success Rate (USD Million), 2022-2027
4.    Global Venipuncture Procedure Analysis Historical Market: Breakup by Vein Type (USD Million), 2017-2021
5.    Global Venipuncture Procedure Analysis Market Forecast: Breakup by Vein Type (USD Million), 2022-2027
6.    Global Venipuncture Procedure Analysis Historical Market: Breakup by End User (USD Million), 2017-2021
7.    Global Venipuncture Procedure Analysis Market Forecast: Breakup by End User (USD Million), 2022-2027
8.    Global Venipuncture Procedure Analysis Historical Market: Breakup by Region (USD Million), 2017-2021
9.    Global Venipuncture Procedure Analysis Market Forecast: Breakup by Region (USD Million), 2022-2027
10.    North America Venipuncture Procedure Analysis Historical Market: Breakup by Country (USD Million), 2017-2021
11.    North America Venipuncture Procedure Analysis Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Europe Venipuncture Procedure Analysis Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Europe Venipuncture Procedure Analysis Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Asia Pacific Venipuncture Procedure Analysis Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Asia Pacific Venipuncture Procedure Analysis Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Latin America Venipuncture Procedure Analysis Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Latin America Venipuncture Procedure Analysis Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Middle East and Africa Venipuncture Procedure Analysis Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Middle East and Africa Venipuncture Procedure Analysis Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Global Venipuncture Procedure Analysis Market Structure

Key Questions Answered in the Report

The global venipuncture procedure analysis market attained a value of nearly USD 864.2 million in 2020.

The market is projected to grow at a CAGR of 5.66% in the forecast period of 2022-2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 1,139.60 million by 2026.

The industry is primarily being driven by the prevalence of venipuncture procedure across various medical organisations for testing and analysis purposes.

Advancements in venipuncture procedure analysis towards the development of venous blood collection procedures to minimise the risk of needlestick injuries is propelling the market growth.

The major regional markets for venipuncture procedure analysis are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

On the basis of success rate, the market for venipuncture procedure analysis can be divided into total venipuncture and successful venipuncture.

The different vein types of venipuncture procedure analysis include medical cubital vein, cephalic vein, and basilic vein, among others.

The significant end users of venipuncture procedure analysis are hospital (public and private), diagnostic laboratories, and physician office/clinics, among others.

The major players in the industry are AccuVein Inc., Smiths Medical, Inc., B. Braun Melsungen AG, Christie Medical Holdings, Inc, and TransLite LLC., among others. 

Analyst Review

The global venipuncture procedure analysis market attained a value of about USD 864.2 million in 2020, driven by the presence of various blood diseases. Aided by the advancements in venipuncture procedure analysis, the market is expected to grow at a CAGR of 5.66% in the forecast period of 2022-2027 to reach nearly USD 1,139.60 million by 2026.

EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. On the basis of success rate, the market can be divided into total venipuncture and successful venipuncture. Based on vein type, the market can be classified into medical cubital vein, cephalic vein, and basilic vein, among others. The market, based on end user, can be categorised into hospital (public and private), diagnostic laboratories, and physician office/clinics, among others. The major regional markets for venipuncture procedure analysis are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. The key players in the industry are AccuVein Inc., Smiths Medical, Inc., B. Braun Melsungen AG, Christie Medical Holdings, Inc, and TransLite LLC., among others.
 
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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