Global Lancet Market is likely to grow at a CAGR of 11.3% by 2022

Market Highlights

A blood lancet, or simply a lancet, is small therapeutic equipment utilized for blood testing utilized for various blood sampling applications. A blood lancet is a surgical tool with a two-fold edged or sharp edge needle. Lancets are utilized to make vein punctures, for example, a finger stick, to obtain small blood samples and are generally disposable.

Safety lancets are single-use gadgets/devices for narrow blood testing used by professionals in healthcare services. They are a necessary part to the sharps-injury aversion programs in hospitals, clinics, research centers, physicians’ offices and wherever both patients and experts need to feel safe. Needle-stick wounds and diseases can be avoided by utilizing Safety lancets.

The global market of lancets is growing rapidly because of the rising prevalence of diabetes and growing number of blood borne diseases across the globe. The global market of lancets is expected to reach USD 2,882.6 million in 2022 and is expected to grow with a CAGR of approximately 11.3% during the forecast period.

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Therefore, if the current trends in diabetes prevalence continue over the coming years, the number of diabetic patients would be tremendous after a decade. With increasing diabetic prevalence, the demand of lancets is expected to be enormous, thus resulting in the increasing demand for devices and products to monitor and control diabetes, eventually leading to increased consumption of lancets.

Global Lancet Market Players:

The amount of major players in the market which have global operations of the Lancet market, and are consistently working for the development of the following technology are

Hoffmann-La Roche AG,
Becton,
Dickinson and Company,
Greiner Bio One International GmbH,
Improve Medical Technology Co. Ltd,
Terumo Medical Corporation,
Bayer Cropscience Limited,
HTL-STREFA S.A,
Sarstedt AG & Co
Test the market data and market information presented through more than 50 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Lancet Market Research Report –Global Forecast to 2022.”

Regional Analysis:

Depending on geographic region, Lancet market is segmented into four key regions: Americas, Europe, Asia Pacific, and Middle East & Africa. Europe is the largest market for Lancet. Germany is the leading market in the European region. Asia Pacific is the second-largest market in the global Lancet market which is expected to continue its growth in the coming future.

Further Safety lancets have captured major share of the global lancets market of around % whereas personal lancets have covered the rest of the market. Based on the historical trends and market scenario, safety lancets are expected to be the fastest growing segment of this market during 2016-2022.

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Segmentation:

Global Lancet market has been segmented on the basis of types which comprises of personal and safety lancets. On the basis of end users the market is segmented into Hospitals & Clinics, Diagnostic Centers and Pathology Laboratories, Home Diagnostics and others.

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