Needle Free Blood Drawing Devices Market 2024 Highlights on Future Development, Top Trends and Leading Players Analysis to 2031 | Becton, Dickinson and Company (BD), YourBio Health, Inc.

Needle Free Blood Drawing Devices Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Needle Free Blood Drawing Devices market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Needle Free Blood Drawing Devices market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Needle Free Blood Drawing Devices Market reached US$ 14.43 billion in 2023 and is expected to reach US$ 26.52 billion by 2031 growing with a CAGR of 7.9% during the forecast period 2024-2031.

What is Needle Free Blood Drawing Devices Market?

The Needle-Free Blood Drawing Devices Market refers to the industry focused on developing, producing, and distributing devices that enable blood collection without the use of needles. These devices employ alternative methods, such as suction, laser, or micro-puncture, to draw blood with minimal discomfort and reduced risk of infection. Primarily used in hospitals, diagnostic labs, and at-home care settings, needle-free blood drawing technology appeals to patients with needle anxiety, pediatric care, and situations requiring frequent blood sampling. Market growth is driven by technological advancements, a growing emphasis on patient comfort, and the rising demand for minimally invasive medical solutions.

Growth Driver

The global demand for needle-free blood drawing devices is rising as patients seek pain-free alternatives to traditional venipuncture, especially in high-volume settings like hospitals. Technological advancements, such as Winnoz Technology's Haiim device and Tasso Inc.'s Tasso Care for Prescreening, offer innovative, less painful blood collection methods that enhance patient comfort and support clinical processes.

Key Players:

Profiles of some of the major players in the global Needle Free Blood Drawing Devices market, which include Becton, Dickinson and Company (BD), YourBio Health, Inc., Tasso, Inc., Romsons, AlphaBiolabs Ltd, Loop Medical SA., Utah Medical Products, Inc., ICU Medical, Inc., and Winnoz Technology, Inc.

Industry Development:

In November 2023, BD launched the PIVO Pro, a needle-free blood collection device that draws samples directly from a patient's peripheral IV line, compatible with catheters like the Nexiva Closed IV System.

In March 2022, Vitestro introduced an autonomous blood collection device that combines AI, ultrasound imaging, and robotic needle insertion to automate venipuncture, empowering patients to take an active role in their blood draws.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Needle Free Blood Drawing Devices market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.

By Product Type: Handheld Devices, Wearable Devices

By Technology: Venipuncture, Touch based

By End-User: Hospitals, Ambulatory Surgical Centers, Diagnostic Laboratories, Others

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Rest of South America

☞ Middle East and Africa

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Key Features:

➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.

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