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Needle-Free Blood Drawing Devices Market Application, Sample Type, Storage Type, Competitive Landscape, Regional Outlook by 2028 | Velano Vascular, VertMarkets, Inc.

10-18-2021 12:21 PM CET | Health & Medicine

Press release from: Coherent Market Insights

Needle-Free Blood Drawing Devices Market

Needle-Free Blood Drawing Devices Market

A needle free blood drawing device is an innovative concept that has become extremely popular over the past few years. These draws have become extremely popular in hospitals and are used by many patients that don't want to get blood drawn or have medical issues that would make it necessary to have their blood drawn. If anyone is thinking about getting blood drawn but doesn't want to have their blood drawn with a needle, then some companies can do this. These companies will draw blood with needle free blood drawing.

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Many organizations draw blood by needle free blood drawing device and although most of them use the same type of equipment, there are variations as far as the process goes. Many people are very sensitive to the fact that there is some cleaning, and disinfecting that needs to take place before a blood draw.

The increasing cases of the virus and bacteria-related illnesses in the world are the main factor that is enhancing the growth of the global needle free blood drawing device market. For instance, according to the Centers for Disease Control and Prevention, in the world, there are more than 1.2 million bacterial meningitis cases that occur each year. The case fatality and incidence rates for bacterial meningitis depend on age group, pathogen, country, and region. Moreover, the low cost and reduced risk factors of a needleless blood drawing are also aiding the growth of the global needle free blood drawing device market.

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Patients will need to research the different companies that offer needle-free blood and make sure that they find one that offers them a high-quality service at a reasonable price. Once they find a company that they feel comfortable with, the company will ask for contact information so that they can set up a time to come in and have the blood drawn. Needle free blood will be provided on the same day that patients make the appointment, so patients don't have to worry about any complications later. However, the lesser availability of this method is the main restraining factor that is negatively affecting the growth of the global needle free blood drawing device market.

With the increase in pathogens-related illnesses in the region, North America is experiencing high demand in the global needle free blood drawing device market. For instance, according to Medscape Reference over 10,000 cases of viral meningitis are reported every year, however, the actual increase can be as high as 75000. The lack of reporting the cases is owing to the uneventful clinical results of most cases along with some of the viruses that grow during culture. Owing to these factors, there have been various industrial developments in the global needle free blood drawing device market. For instance, in May 2019, Velano Vascular, which is a U.S.-based organization received around US$ 10 million in funding from its investor Intermountain Healthcare, for its Food and Drug Administration approval of its needle-free blood drawing device PIVO.

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Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

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