Needle-free Blood Drawing Devices Market – Global Industry Insights, Trends, OutPosted by priya saraf on August 19th, 2019 Venipuncture or venepuncture is the process of obtaining blood by gaining intravenous access. This process is used for many purposes such for blood sampling and for removing excess blood for the treatment of polycythemia vera, an ailment that results in elevated blood volume or hematocrit. In healthcare, this process is performed by physicians, laboratory scientists, or phlebotomists. There are mainly two types of venipuncture, namely those conducted with needle and syringe and those with vacuum tubes. Both these techniques have their own disadvantages, with the patient suffering from excruciating pain in both scenarios. Request A Sample Copy: http://bit.ly/2KZJGwW Needle-free blood drawing devices were invented as a relatively pain-free alternative to conventionally used devices. The needle-free blood drawing device operates by providing a micro-particle with momentum, which then penetrates the adjacent dermal tissue. An attached negative pressure barrel then draws blood from the site. A healthcare professional places the device, similar to the size of a golf ball, on the patient's upper arm, subsequently pushing a button. This push activates a number of thin needles that penetrate the topmost layers of the skin. This novel technology is expected to gain significant growth traction in the near future. According to Agency for Healthcare Research & Quality, in the U.S., around 800 blood draws are performed every minute. As imperative as their use be, blood draws are cumbersome and strenuous for patients and clinicians alike. Increasing incidence of fatalities that can be avoided by early detection and treatment, especially in emerging economies, is a major factor fueling demand for effective blood sampling and tests. Demand for blood sampling would differ across region depending on the incidence rate of diseases. Nonetheless, this upsurge in demand for blood sampling is projected to fuel the need of blood drawing, thereby augmenting the growth of the needle-free blood draw devices market. Needle-Free Blood Drawing Devices Market Outlook –Low cost and reduced risk factors leading to greater adoption of needle-free blood drawing devices over tradition blood-drawing techniques Regulatory standards as well as safety policies govern the global needle-free blood drawing devices market. Approval from the U.S. Food and Drug Administration (FDA) is mandatory for promotion and use of needle-free blood drawing devices. Companies such as Velano Vascular have obtained the same and offer needle-free blood drawing devices to hospitals and other application sectors. Increase in health awareness among consumers has resulted increasing number of preventive and periodic health checkup, including blood tests. This creates a highly conducive environment for growth of the needle free blood drawing devices market.Moreover, these devices offer ease of use over conventional needle based blood drawing devices and are more conducive for home use. For instance, management of diabetes will become much easier. Patients with diabetes mellitus need to get their blood sugar levels tested very frequently. By using needle-free blood drawing device, the process will become much more user friendly and painless. The product is still at the development stage, with a commercial product expected to be launched in the near future. One of the major advantages of this device is that unlike conventional blood drawing devices, infection risk is very low. Maximum use of blood-draw is observed in hospitals and diagnostic centers. Major companies operating in the market are Velano Vascular, VertMarkets, Inc., Gizmag Pty Ltd, Romsons, Alpha Bio Labs, and Poly Medicure Ltd. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Click To Read More On: Needle-free Blood Drawing Devices Market Contact Us: Mr.Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Like it? Share it! More by this author |