Press release
Lancets Market Set to Soar with Growing Demand for Home Diagnostics and Diabetes Management by 2030 | Top key players - Abbott Laboratories, B. Braun Melsungen, Roche Diagnostics
The Lancets Market size was valued at around USD 1501.33 million in 2022 and is expected to reach USD 3122.65 million by 2031, growing at a CAGR of 9.8% during the forecast period (2024-2031).The Lancets Market, as examined by DataM Intelligence, provides a thorough industry overview enriched with detailed insights, historical data, and essential statistics. The report extensively explores market dynamics and competitive landscapes, featuring profiles of leading companies, their product offerings, pricing strategies, financials, growth plans, and geographic footprint.
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The Lancets Market comprises medical devices used for capillary blood sampling, primarily in glucose monitoring and diagnostic testing. These small, sharp instruments are widely used in hospitals, clinics, and home healthcare settings. Market growth is driven by the rising prevalence of diabetes, increasing adoption of home diagnostics, and advancements in safety-engineered lancets to minimize the risk of needlestick injuries.
Prominent Industry players in the Lancets Market
The prominent players in Lancets market research report are: Abbott Laboratories, B. Braun Melsungen, BD, Roche Diagnostics, HTL-Strefa S.A, Intuity Medical, Terumo Corporation, Medline Industries, Arkray and Owen Mumford.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Industry News
In October 2021, Roche Diabetic Care partnered with Zur Rose, a leading European digital healthcare ecosystem provider, to enhance day-to-day diabetes therapy management. The collaboration aims to address the needs of over 60 million diabetic patients in Europe by integrating digital health solutions for more personalized, efficient, and accessible care.
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Market Segments
By Type: Personal Lancets, Safety Lancets, Others.
By Application: Hemoglobin Testing, Glucose Testing, Coagulation Testing.
By End User: Hospitals & Clinics, Home Care, Diagnostic Centers and Pathology Laboratories, Others.
The Lancets industry is undergoing swift expansion, fueled by breakthroughs in medical technology, growing demand for cutting-edge therapies, and an increasing emphasis on patient-centric care. As the sector advances, in-depth market analysis is essential to track evolving trends, regulatory developments, and new opportunities.
Regions Covered:
The global Lancets Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ 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, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
FAQs:
✒ What is driving the growth of the Lancets Market?
✒ Who are the prominent players in the Lancets Market?
✒ How is the regulatory landscape affecting the Lancets Market?
✒ What regions are expected to see the highest growth?
✒ What are the key challenges faced by the Lancets Market?
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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