Market Overview:
The global venipuncture procedure analysis market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in venipuncture devices. Based on type, the cephalic vein segment is expected to account for the largest share of the global venipuncture procedure analysis market in 2018. This segment is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The large share of this segment can be attributed to factors such as easy access and less pain associated with puncturing veins in this region compared with other regions. Based on application, hospitals are estimated to account for the largest share of the global venipuncture procedure analysis market in 2018.
Product Definition:
A venipuncture procedure analysis is a review of the steps taken to collect a blood sample from a vein. The analysis is important because it can help ensure that the blood sample was collected correctly and that any potential complications were avoided.
Cephalic Vein:
Cephalic vein is a blood vessel that supplies oxygen-rich blood from the head to the heart. It’s located on the ceiling of the cranial cavity and runs parallel with, and just above, internal cerebral veins. Cephalic vein is used for intravenous infusion in operating room procedures such as neurosurgery or cardiac surgery.
The global cephalic vein procedure analysis market size was valued at USD 648 million in 2016.
Median Cubital Vein:
The median cubital vein is situated in the center of the elbow and is used to draw blood from the arm. It’s a major veins that runs along with the ulna towards palm of your hand. The other name for this vessel is also “median basilic vein”.
Application Insights:
Based on application, the global venipuncture procedure analysis market is segmented into hospitals, diagnostic labs and others. Hospitals held the largest share in 2017 owing to factors such as a high volume of patient admissions for various diseases across the globe. Furthermore, an increase in healthcare spending by governments as well as private organizations has led to an increase in demand for advanced medical care which includes intravenous procedures. This factor is anticipated to fuel segment growth over the forecast period.
Diagnostic Labs are anticipated to be one of the fastest-growing segments due to factors such as increasing usage of point-of-care testing devices that require accurate blood sample collection during tests or when a disease diagnosis is required but time is critical.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to factors such as favorable reimbursement policies, rising incidence of chronic diseases, and increasing adoption of advanced medical technologies. Moreover, growing number of venipuncture procedures are also driving the regional market growth. According to a study published by American Venous Forum in 2015, around 90 million venous punctures are performed annually in U.S., with cephalic vein being the most preferred method among them.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to factors such as improving healthcare infrastructure and economic development coupled with rising prevalence of target diseases requiring blood transfusion or phlebotomy procedures for diagnosis or treatment (CVDs). The region accounted for 21% share in terms of revenue and is anticipated to reach USD X million by 2030 (USD X million per year).
Growth Factors:
- Increasing incidence of chronic diseases: The prevalence of chronic diseases is increasing at an alarming rate across the globe. This is primarily because of the changing lifestyle and dietary habits of people. Venipuncture Procedure Analysis is used for diagnosing and managing various chronic diseases. Thus, the market for venipuncture procedure analysis is expected to grow at a rapid pace in the coming years.
- Technological advancements: The field of venipuncture procedure analysis is constantly evolving with new technological advancements being made in this area on a regular basis. This has resulted in improved accuracy and efficiency of venipuncture procedures, thus driving demand for these procedures.
- Growing awareness about benefits of early diagnosis: There is growing awareness among people about the importance of early diagnosis and treatment for various medical conditions, including chronic diseases. Venipuncture Procedure Analysis helps in early diagnosis and thus drives demand for these procedures worldwide..
Scope Of The Report
Report Attributes
Report Details
Report Title
Venipuncture Procedure Analysis Market Research Report
By Type
Cephalic Vein, Median Cubital Vein, Basilic Vein
By Application
Hospitals, Diagnostic Labs, Others
By Companies
AccuVein, Smiths Medical, B. Braun Medical, BD, Christie Medical, TransLite, Sharn Anesthesia, Venoscope
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Venipuncture Procedure Analysis Market Report Segments:
The global Venipuncture Procedure Analysis market is segmented on the basis of:
Types
Cephalic Vein, Median Cubital Vein, Basilic Vein
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Diagnostic Labs, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AccuVein
- Smiths Medical
- B. Braun Medical
- BD
- Christie Medical
- TransLite
- Sharn Anesthesia
- Venoscope
Highlights of The Venipuncture Procedure Analysis Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cephalic Vein
- Median Cubital Vein
- Basilic Vein
- By Application:
- Hospitals
- Diagnostic Labs
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Venipuncture Procedure Analysis Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Venipuncture is a medical procedure in which a needle is inserted into the vein of the arm or leg.
Some of the major companies in the venipuncture procedure analysis market are AccuVein, Smiths Medical, B. Braun Medical, BD, Christie Medical, TransLite, Sharn Anesthesia, Venoscope.
The venipuncture procedure analysis market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Venipuncture Procedure Analysis Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Venipuncture Procedure Analysis Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Venipuncture Procedure Analysis Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Venipuncture Procedure Analysis Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Venipuncture Procedure Analysis Market Size & Forecast, 2018-2028
4.5.1 Venipuncture Procedure Analysis Market Size and Y-o-Y Growth
4.5.2 Venipuncture Procedure Analysis Market Absolute $ Opportunity
Chapter 5 Global Venipuncture Procedure Analysis Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Venipuncture Procedure Analysis Market Size Forecast by Type
5.2.1 Cephalic Vein
5.2.2 Median Cubital Vein
5.2.3 Basilic Vein
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Venipuncture Procedure Analysis Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Venipuncture Procedure Analysis Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Diagnostic Labs
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Venipuncture Procedure Analysis Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Venipuncture Procedure Analysis Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Venipuncture Procedure Analysis Analysis and Forecast
9.1 Introduction
9.2 North America Venipuncture Procedure Analysis Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Venipuncture Procedure Analysis Market Size Forecast by Type
9.6.1 Cephalic Vein
9.6.2 Median Cubital Vein
9.6.3 Basilic Vein
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Venipuncture Procedure Analysis Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Diagnostic Labs
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Venipuncture Procedure Analysis Analysis and Forecast
10.1 Introduction
10.2 Europe Venipuncture Procedure Analysis Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Venipuncture Procedure Analysis Market Size Forecast by Type
10.6.1 Cephalic Vein
10.6.2 Median Cubital Vein
10.6.3 Basilic Vein
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Venipuncture Procedure Analysis Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Diagnostic Labs
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Venipuncture Procedure Analysis Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Venipuncture Procedure Analysis Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Venipuncture Procedure Analysis Market Size Forecast by Type
11.6.1 Cephalic Vein
11.6.2 Median Cubital Vein
11.6.3 Basilic Vein
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Venipuncture Procedure Analysis Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Diagnostic Labs
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Venipuncture Procedure Analysis Analysis and Forecast
12.1 Introduction
12.2 Latin America Venipuncture Procedure Analysis Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Venipuncture Procedure Analysis Market Size Forecast by Type
12.6.1 Cephalic Vein
12.6.2 Median Cubital Vein
12.6.3 Basilic Vein
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Venipuncture Procedure Analysis Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Diagnostic Labs
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Venipuncture Procedure Analysis Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Venipuncture Procedure Analysis Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Venipuncture Procedure Analysis Market Size Forecast by Type
13.6.1 Cephalic Vein
13.6.2 Median Cubital Vein
13.6.3 Basilic Vein
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Venipuncture Procedure Analysis Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Diagnostic Labs
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Venipuncture Procedure Analysis Market: Competitive Dashboard
14.2 Global Venipuncture Procedure Analysis Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AccuVein
14.3.2 Smiths Medical
14.3.3 B. Braun Medical
14.3.4 BD
14.3.5 Christie Medical
14.3.6 TransLite
14.3.7 Sharn Anesthesia
14.3.8 Venoscope
