Venipuncture Needles And Syringes Market Size, Share, Industry Trends and Forecast to 2030

Venipuncture Needles And Syringes Market Size & CAGR in 2021

The global market for venipuncture needles and syringes is expected to witness a CAGR of 5.2% from 2021 to 2026. In 2021, the market size was valued at USD 2.1 billion.

COVID-19 Impact on the Venipuncture Needles And Syringes Market

The COVID-19 pandemic has had a significant impact on the venipuncture needles and syringes market. With the increased focus on vaccination drives and testing procedures, the demand for these medical devices has surged. Healthcare facilities worldwide have witnessed a spike in the usage of venipuncture needles and syringes for various medical procedures related to COVID-19 management.

Venipuncture Needles And Syringes Dynamics

The venipuncture needles and syringes market is driven by factors such as the growing prevalence of chronic diseases, increasing healthcare expenditure, and technological advancements in needle and syringe design. Additionally, the rise in demand for minimally invasive procedures and the expanding geriatric population further contribute to market growth.

Segments and Related Analysis

By Product Type:

- Safety Needles - Conventional Needles - Disposable Syringes - Reusable Syringes

By End User:

- Hospitals - Clinics - Ambulatory Surgical Centers - Others

By Region Analysis

North America:

The North American region dominates the venipuncture needles and syringes market, attributed to the presence of well-established healthcare infrastructure, high adoption rates of advanced medical technologies, and increasing prevalence of chronic diseases.

Europe:

In Europe, the market is driven by rising healthcare expenditure, favorable government initiatives, and the growing aging population. The European region is poised to witness significant growth in the forecast period.

Asia Pacific:

The Asia Pacific market for venipuncture needles and syringes is expected to experience rapid growth due to the increasing demand for healthcare services, improving healthcare infrastructure, and rising awareness about preventive healthcare measures.

Key Market Players and Competitive Landscape

1. Becton, Dickinson and Company 2. Terumo Corporation 3. B. Braun Melsungen AG 4. Smiths Medical 5. Nipro Corporation 6. Cardinal Health 7. Boston Scientific Corporation

Recent Happenings in the Venipuncture Needles And Syringes Market

- In July 2021, Becton, Dickinson and Company launched a new line of safety needles with advanced features for enhanced patient safety. - Terumo Corporation announced a strategic partnership with a leading healthcare provider to supply syringes for vaccination campaigns in developing countries. - B. Braun Melsungen AG introduced a range of innovative venipuncture needles with ergonomic designs to improve healthcare provider comfort and patient experience.