Global venipuncture procedure market to hit $1.5b by 2030

Its growth is attributed to the increasing demand for diagnostic testing.

The global venipuncture procedure market is expected to reach $1.5b by 2030 at a compound annual growth rate of 4.4%, according to Research and Markets.

The sector’s expansion is attributed to the increasing demand for diagnostic testing, driven by a rise in chronic diseases and routine health check-ups.

“This procedure is essential in a wide range of medical settings, including hospitals, clinics, and laboratories, making it a critical component of patient care,” the report said.

The market is also seeing an increase in the adoption of safety-engineered needles and devices, along with the use of vein visualisation devices like near-infrared imaging.

“Additionally, there is a growing emphasis on training and education for healthcare providers, with many institutions investing in simulation-based training to improve the proficiency and confidence of practitioners,” it added.