The new report by Expert Market Research titled, ‘Global Venipuncture Procedure Analysis Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the global venipuncture procedure analysis market, assessing the market based on its segments like success rate, vein type, end-user, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 5.66%
The existence of a number of acute and chronic ailments, such as diabetes, cancer, and renal disease, among others, can be used to predict market growth for venipuncture procedure analysis. The venipuncture process, as one of the most common and fundamental medical procedures, allows a doctor to detect and analyse the presence of viruses or other disease-causing anomalies in a patient’s blood.
Furthermore, the employment of the technique in practically every medical establishment, from tiny clinics to large hospitals, is boosting the market growth of venipuncture procedure analysis. Furthermore, because the blood sample procedure is painless, it is increasingly being preferred over other blood collection methods, which is another factor driving the venipuncture procedure analysis market expansion.
Venipuncture Procedure Analysis Industry Definition and Major Segments
Venipuncture is a process that involves extracting blood from a vein with a needle for laboratory testing and analysis. Venipuncture technique analysis is usually the first stage in any medical procedure, and blood is often taken using needles and stored in a test tube for further analysis.
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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
- the Middle East and Africa
Venipuncture Procedure Analysis Market Trends
Significant advancements in medical device manufacturers’ blood collection equipment are driving the global market for venipuncture procedure analysis. The focus on injury prevention and bloodborne infections is driving major market participants to develop new technologies that provide painless and safe blood collection. The venous blood collection method is developing as an optimum venipuncture approach, which is likely to fuel overall market expansion over the forecast period, because of vigorous research and development (R&D) in the field medicine and pharmaceuticals.
As a result of an increase in needle injuries caused by unprofessional personnel or other factors, developments in needle safety technologies have greatly reduced the danger of needlestick injuries, boosting the market for venipuncture procedure analysis. Furthermore, as soon as the blood link is established, venous blood collecting technology enables the passive activation of a safety mechanism. As a result, innovations in venipuncture method analysis are propelling the sector forward.
Key Market Players
The major players in the market are AccuVein Inc., Smiths Medical, Inc., B. Braun Melsungen AG, Christie Medical Holdings, Inc, and TransLite LLC. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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