Venous blood collection is one of the most frequent interventional procedures in healthcare. It consists of numerous well-defined steps, all of which must be followed to ensure correct and safe specimen collection as each step has the potential to adversely impact patient safety.
Personnel who collect the blood from patients are physicians, nurses, and phlebotomists. This is dependent on the role and responsibilities defined by the institution or healthcare facility. Venous blood collection can be done in laboratories for testing purposes or in hospitals. Physicians in the emergency department and critical care unit perform blood collections. For the collection of venous blood, the use of accurate needles is necessary if the needle size is greater than the size needed, it may tear the vein and cause a hematoma.
The Global Medical Venous Blood Collection Needle Market was valued at US$ 207.9 Million in 2023 and is anticipated to reach US$ 343.1 Million by the end of 2032 with a CAGR of 5.84% from 2024 to 2032.
Venous blood collection needle is classified between 19G-23G according to their size numbers and encoded with different colors. Size number is inversely correlated with the needle’s diameter. Large size corresponds to needles with narrow diameters and small size number corresponds to needles with wide diameters. Needle tips or winged sets with fit sizes by the site where blood collection is performed, its physical characteristics and blood volume to be collected should be used.
Factors Driving the Growth of the Global Medical Venous Blood Collection Needle Market in North America:
With the growing prevalence of disease in the North American region it is important to find out the root cause of the diseases for which blood collection is important which enhances the growth of the medical venous blood collection needle market in the region.
The increasing urbanization and growing population with aging population in the North American region increases their blood collection tests which demands the global medical venous blood collection needle market.
With rising infrastructures and healthcare industries, the advanced techniques for blood collection and procedures enhance the market growth in North American regions. In North America region blood donation activities with different campaigns expand blood banks and laboratories which rapidly demand for venous blood collection needles markets.
The new advanced technologies are sustainable to environments such as medical needles are harmful for disposal so the new technologies with disposable needles boost the growth of the market in venous blood collection.
The continuous innovation of technologies and designs in needles for less pain, safety features, infection risk, and sampling quality enhance the adoption of the venous blood collection market. Also, the regulatory support in the North American region for preventing the need-stick injuries in the workers and the adoption of safe venous blood collection needles increases.
Competitive Insights:
Some of the key players of the Global Medical Venous Blood Collection Needle Market are as follows: Medline Industries, Geriner Group AG, Becton, Dickinson and Company (BD), Terumo Corporation, Medtronic Plc, B.Braun Melsungen AG, Smiths Medical Inc, Nipro Corporation, Retractable Technologies, Inc., Sarstedt AG & Co. KG, Vigmed AB, DMC Medical Limited.
Prominent players like Medtronic Plc, Medline Industries, Geriner Group AG, and BD dominate the Global Medical Venous Blood Collection Needle Market. These companies invest heavily in research and development and widen their product portfolios to increase their market share.
Medtronic Plc continues to be a dominant force in the Global Medical Venous Blood Collection Needle Market, leveraging its extensive global presence and diverse product offerings. Smith’s Medical Inc. maintains a strong competitive position, providing innovative solutions for venous blood collection.
Companies like Terumo Corporation and Becton contribute to the competitive landscape, each catering to regional markets with specialized Venous Blood Collection Needles. companies like Geriner Group AG are gaining prominence, reflecting the growing demand for the Global Medical Venous Blood Collection Needle Market in the region.
Sustainable packaging has become a key competitive factor. Companies like Becton, Dickinson and Company, and Smith’s Medical emphasize environmentally friendly practices, responding to the increasing consumer and industry focus on sustainability.
The competitive landscape is shaped by companies adapting to market trends, such as the rising consumer demand for healthier products, convenience, and the reduction of environmental impact through sustainable blood collection needles.
Adherence to stringent quality and safety standards and compliance with evolving regulations are crucial for maintaining a competitive edge in the Global Medical Venous Blood Collection Needle Market.
