Venipuncture Needles and Syringes Market Size (2024 - 2029)

The market size for venipuncture needles and syringes is anticipated to expand due to the increasing demand driven by diagnostics and screening tests for diseases such as anemia and leukemia, which require blood collection. The shift towards disposable products for blood drawing and heightened awareness of blood donation are also contributing to market growth. Additionally, rising investments in surgical instruments by hospitals further support the market's expansion. However, a significant challenge to this growth is the shortage of skilled labor.

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Market Size of Venipuncture Needles and Syringes Industry

CAGR
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.60 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Venipuncture Needles and Syringes Market Major Players

*Disclaimer: Major Players sorted in no particular order

Venipuncture Needles & Syringes Market Analysis

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.

Venipuncture Needles & Syringes Industry Segmentation

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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Venipuncture Needles and Syringes Market Size Summary

The venipuncture needles and syringes market is experiencing significant growth, driven by the increasing demand for diagnostics and screening tests for diseases such as anemia and leukemia, which require blood collection. The rising preference for disposable products and heightened awareness of blood donation are also contributing to the market's expansion. Additionally, investments in surgical instruments by hospitals are further boosting market growth. However, a notable challenge is the shortage of skilled labor, which could impede the market's progress. The most commonly used sites for venipuncture include the median cubital vein, with other sites like the cephalic and basilic veins being utilized as well, depending on circulation adequacy.

North America is anticipated to lead the venipuncture needles and syringes market throughout the forecast period, primarily due to the presence of key industry players and their adoption of advanced medical technologies. The region's market dominance is also supported by a growing awareness of disposable products and an increase in diagnostic tests requiring blood samples. Companies in this sector have established strong direct collaborations with hospitals and clinics, enhancing their market presence. Notable companies operating in this market include CML Biotech, Demophorius Healthcare, Disera Medical Equipment Logistics Inc., Becton, Dickinson and Company, and FL MEDICAL s.r.l.

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Venipuncture Needles and Syringes Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Awareness of Blood Donation

      2. 1.2.2 Increasing Preference for Disposable Products

    3. 1.3 Market Restraints

      1. 1.3.1 Lack of Skilled Professionals

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product

      1. 2.1.1 Needles

      2. 2.1.2 Syringes

    2. 2.2 By Vein Type

      1. 2.2.1 Cephalic Vein

      2. 2.2.2 Median Cubital Vein

      3. 2.2.3 Basilic Vein

      4. 2.2.4 Others

    3. 2.3 By End-User

      1. 2.3.1 Hospitals

      2. 2.3.2 Blood Donation Camps

      3. 2.3.3 Others

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 South Korea

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Middle-East and Africa

        1. 2.4.4.1 GCC

        2. 2.4.4.2 South Africa

        3. 2.4.4.3 Rest of Middle-East and Africa

      5. 2.4.5 South America

        1. 2.4.5.1 Brazil

        2. 2.4.5.2 Argentina

        3. 2.4.5.3 Rest of South America

Venipuncture Needles and Syringes Market Size FAQs

The Venipuncture Needles and Syringes Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)

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

Venipuncture Needles and Syringes Report Snapshots

Venipuncture Needles and Syringes Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)