Venipuncture Needles and Syringes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Venipuncture Needles and Syringes Market is segmented by Product, Vein Type (Cephalic Vein, Median Cubital Vein, Basilic Vein, Others), End-User and Geography

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.6 %

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Market Overview

The major factor attributing to the growth of the market is the rising diagnostics and screening tests of diseases like anemia, leukemia, etc., which involves the collection of blood. 

As per GLOBOCAN, the number of leukemia cases in the year 2018 was estimated to be 437,033. As the incidence of such diseases increases the usage of the needles and syringes increases and thus the market is expected to grow in the coming years. Furthermore, the growing preference for disposable products for blood drawing and increasing awareness of blood donation and are a few other major factors for market growth. Rising investments in the surgical instruments by the hospitals is boosting the market. However, the lack of skilled labor is the major drawback of market growth.

Scope of the Report

As per the scope of the report, venipuncture needles and syringes are used to draw blood from people. The venipuncture or venepuncture is the process of obtaining intravenous access for the purpose of venous blood sampling or intravenous therapy. This report is segmented by Product, by Vein Type, by End-User, and by Geography.

By Product
Needles
Syringes
By Vein Type
Cephalic Vein
Median Cubital Vein
Basilic Vein
Others
By End-User
Hospitals
Blood Donation Camps
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Median Cubital Vein Segment is Expected to Dominate the Overall Market Growth

The median cubital vein in the antecubital fossa is the most commonly used site due to its accessibility and size, followed by the neighboring cephalic and basilic veins. Veins on the dorsal surface of the hand and wrist, radial part of the wrist, followed by dorsal and lateral parts of the ankle are used, but these must only be used if they can demonstrate proper circulation.

The major factors propelling the market growth are increasing diagnostic screening of many diseases that require the blood test, increasing awareness for disposable products. Moreover, increasing blood donation programs also propelling market growth.

Venipuncture Needles and Syringes Market 1

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall venipuncture needles and syringes market, throughout the forecast period. The largest share is mainly due to the presence of key players and their usage of advanced medical technologies to develop. Furthermore, growing awareness among the population to use disposable products, an increase in the diagnostic test for any disease needs blood sample which therefore is useful to obtain results. The companies also have well-established direct channel collaboration with hospitals and clinics to serve the studied market.

Venipuncture Needles and Syringes Market

Competitive Landscape

Some of the companies which are currently present in the market are CML Biotech, Demophorius Healthcare, Disera Medical Equipment Logistics Inc., Becton, Dickinson and Company, FL MEDICAL s.r.l., Improve Medical, NxStage Medical, Inc, Plasti Lab.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Awareness of Blood Donation

      2. 4.2.2 Increasing Preference for Disposable Products

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Skilled Professionals

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Needles

      2. 5.1.2 Syringes

    2. 5.2 By Vein Type

      1. 5.2.1 Cephalic Vein

      2. 5.2.2 Median Cubital Vein

      3. 5.2.3 Basilic Vein

      4. 5.2.4 Others

    3. 5.3 By End-User

      1. 5.3.1 Hospitals

      2. 5.3.2 Blood Donation Camps

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 CML Biotech

      2. 6.1.2 Demophorius Healthcare

      3. 6.1.3 Disera Medical Equipment Logistics Inc.

      4. 6.1.4 Becton, Dickinson and Company

      5. 6.1.5 FL MEDICAL s.r.l.

      6. 6.1.6 Improve Medical

      7. 6.1.7 NxStage Medical, Inc. (Fresenius Medical Care)

      8. 6.1.8 Henry Schein, Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Venipuncture Needles and Syringes Market market is studied from 2018 - 2026.

The Venipuncture Needles and Syringes Market is growing at a CAGR of 5.6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

CML Biotech, Demophorius Healthcare, Disera Medical Equipment Logistics Inc., Becton, Dickinson and Company, FL MEDICAL s.r.l. are the major companies operating in Venipuncture Needles and Syringes Market.

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