Press release
Safety Lancet Market to Reach USD 2.53 Bn by 2029, emerging at a CAGR of 9.5 percent and forecast 2023-2029
Safety Lancet Market
Our report offers in-depth insights into the global safety lancet market, covering every facet of the industry, including manufacturing, distribution, and application. We incorporate rigorous research methodologies, encompassing extensive primary and secondary data sources, and use data triangulation to estimate market size and forecasts. It includes a comprehensive examination of segment percentages, market shares, and segment breakdowns based on utilization rates and average sale prices.
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Safety Lancet Market Research Methodology:
Our research methodology is grounded in robust data validation and examination practices, combining primary and secondary data sources. A bottom-up approach, complemented by multiple data triangulation techniques, is utilized to determine market size, shares, and forecasts, rooted in utilization rates and average sale prices.
What are Safety Lancet Market Dynamics:
The global burden of diabetes, which is expected to quadruple in the next 25 years, is driving significant growth in the safety lancet industry. This trend is being driven by the rising prevalence of both type 1 and type 2 diabetes, which will dramatically raise global healthcare expenses. Obesity, smoking, a sedentary lifestyle, and increased urbanization are all factors contributing to an increase in the diabetes population. Diabetes is more common in elderly populations, and the number of diabetics is predicted to rise further as the global population ages. As a result, the use of safety lancets as a safe and reliable method of capillary blood collection for diabetes patients is predicted to increase during the projection period.
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What is Safety Lancet Market Segmentation:
by Type
1. Safety Lancet
1.2 Push Button Lancet
1.3 Pressure activated lancet
1.4 Side Button Lancet
Personal Lancet
by Application
1. Blood Glucose Testing
Hemoglobin Testing
Cholesterol Testing
Coagulation Testing
Other Application
by End User
2.Hospitals & Clinics
Homecare Settings
Others
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Who are Safety Lancet Market Key Players:
1. Roche Diagnostics (Basel, Switzerland)
2. Abbott Laboratories (Illinois, United States)
3. Becton, Dickinson and Company (New Jersey, United States)
4. Terumo Medical Corporation (Tokyo, Japan)
5. Cardinal Health, Inc. (Ohio, United States)
6. Greiner Bio-One International GmbH (Frickenhausen, Germany)
7. HTL-STREFA S.A. (Ozorków, Poland)
8. Sarstedt AG & Co. KG (Nümbrecht, Germany)
9. Nipro Corporation (Osaka, Japan)
10.Improve Medical Technology Co. Ltd. (Guangzhou, China)
11.Simple Diagnostics (Florida, United States)
12.Ypsomed AG (Burgdorf, Switzerland)
13.Owen Mumford Ltd. (Oxfordshire, United Kingdom)
14.Arkray Inc. (Kyoto, Japan)
15.Perrigo Company plc (Dublin, Ireland)
16.Smiths Medical (Minnesota, United States)
17.Medline Industries, Inc. (Illinois, United States)
18.Omron Healthcare, Inc. (Kyoto, Japan)
19.F. Hoffmann-La Roche AG (Basel, Switzerland)
20.Trinity Biotech (Bray, Ireland)
21.Accu-Chek (Basel, Switzerland)
22.LifeScan, Inc. (Pennsylvania, United States)
23.Microdot Healthcare (Gyeonggi-do, South Korea)
24.MED TRUST Holding Co. (Riyadh, Saudi Arabia)
25.Nemaura Medical Inc. (Loughborough, United Kingdom)
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Table of content for the Safety Lancet Market includes:
Safety Lancet Market : Research Methodology
Safety Lancet Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Safety Lancet Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Safety Lancet Market Regional Insights:
In 2022, North America led the Safety Lancet market, primarily due to its large patient pool and favorable reimbursement policies. The region is witnessing a surge in new product launches and increased healthcare spending. According to the International Diabetes Federation, 43% of the total diabetes-related health expenditure occurs in North America.
The Asia Pacific region is anticipated to register the highest growth during the forecast period, attributed to improving healthcare infrastructure and a burgeoning patient pool seeking diagnostic tests. Increasing instances of infectious diseases, including arboviral diseases and the ongoing COVID-19 epidemic in China, are driving demand for lancing devices.
Europe is poised for significant growth, with increasing healthcare spending, a rise in diabetes cases, and favorable reimbursement policies. The region is experiencing a shift towards home-based diagnostics and treatment, further bolstering the Safety Lancet Market.
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Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
More Related Reports:
Middle East and Africa Phenolic Resin Market https://www.maximizemarketresearch.com/market-report/middle-east-and-africa-phenolic-resin-market/54655/
Global Potassium Methoxide Market https://www.maximizemarketresearch.com/market-report/global-potassium-methoxide-market/101293/
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