Venipuncture is a perforation on a vein as part of a medical practice, basically to draw a blood sample and or to inject a drug into the body. This is done by intravenous cannulation. The venipuncture blood collection is carried out with the help of needle and syringes. Venipuncture is the oldest invasive procedures, which is carried out for five basic reasons and they are to collect blood for investigative purposes, identify the levels of blood components, and administer medications, nutrition, or chemotherapy, to eliminate blood due high presence of iron or erythrocytes and to collect blood which might be useful later in transfusion purpose. This can be possibly done with the use of venipuncture needle and with the immense increase in the blood test and blood collection, there is a proportional increase in the venipuncture needle and syringe market.
Excessive blood withdrawn may lead to hematocrit in older patients
According to Van Roekel, CEO Nuno Valentine, said that there are about half of doctors do not have sufficient funds to support a phlebotomist, and some are located in an area where there are no staff sufficient members. Mr. Kapadia, a chief medical officer of Iggbo, explains that bloodwork justifies about 75% if the medical decision. According to Van Roekel, there are 1 billion blood sample are drawn in the United States every year and out of which 50,000 blood draws in Houston daily. There are many literature stating that the excessive blood drawing from an individual causes a big setback in elderly person. A cohort study report states that public hospitals and university hospitals drew more blood for each test than that is followed in children's hospitals. For the basic metabolic tests, the volume of blood drawn by an university or public hospital laboratory was 2.5 to 10 times more required by any children's hospital, though there are similar tests and instruments used. Excess withdrawn of blood may lead to change in hematocrit which may lead to a down fall in elderly patient health. This is a major concern in the increasing number of older persons.
Median Cubital Vein to dominate the venipuncture needle and syringes market globally
The global venipuncture needle and syringes market is segmented on the basis of vein type, end user, and geography. On the basis of vein type, the market is divided into Cephalic Vein, Median Cubital Vein, and Basilic Vein. On the basis of end user, the market is divided into Hospitals, Diagnostic Labs and Physicians’ Offices.
Advanced syringe and methods to collect the blood sample to overtake the conventional way of blood collection emphasizing the growth in venipuncture needle and syringes market
Regional segmentation of the market by Coherent Market Insights comprises North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America accounts for the largest share in venipuncture needle and syringes market, mainly due to presence of key players and their application of advanced medical technologies to develop in countries such as the North America and Africa. Increase in the diagnostic test for any disease needs blood sample which therefore is useful to obtain results. Therefore, the use of venipuncture needles and syringes are proportionally increasing. In Africa according to World Health Organization, it is almost 85% of all the chronic disease needs blood test.
Key players in the global venipuncture needle and syringes market are developing new devices, which collect the required amount of blood
Key players operating the venipuncture needle and venipuncture syringes market include Smiths Medical, Becton, Dickinson and Company, and B. Braun Medical. Key players in the market globally are constantly working towards introducing innovative products which firstly identify veins and collect blood sample. With companies actively focused on research and development, a new product which is virtually painless way to draw blood. This company is expected to launch its product in mid 2017 as the company has responded to its pending queries from FDA.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.[email protected]
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.