Lancet Market Is Expected To Reach USD 2,882.6 Million By 2022

Market Scenario:
A blood lancet, or simply a lancet, is a 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.

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Globally lancets are being utilized by patients who are affected by endocrine related complications, cardiovascular issues and many other issues. Lancets are being used for diabetes/glucose test, tests in infants, heel-stick screening tests, as well as for scarred emergency patients or severely burned patients.

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.

Key Players for Lancet Market:
Some of the Key Players in This Market Are: F. 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 and Others.

Segments:
Global Lancet market has been segmented on the basis of types which comprises of personal, safety and others. On the basis of end users which consists of hospitals & clinics, diagnostic centers and pathology laboratories, home diagnostics and others.

Key Findings:
• The Global Lancets Market and is expected to reach USD 2,882.6 million by 2022
• Regionally, North America holds the largest market share of global Lancets Market and is expected to grow at a CAGR of 11.2% during the forecast period from 2016-2022
• On the basis of type, safety lancets accounts the largest market share in 2015 and is expected to reach USD 2,061.8 million by 2022.

Regional Analysis of Lancet Market:
Globally North America is the largest market for Lancet. The North American market for Lancet is expected to grow at a CAGR of 11.2% during the forecasted period. This is due to increasing prevalence of diabetic patients. Europe is the second-largest market for Lancet with the market value of USD 592.8 million in 2015. Whereas Asia pacific is expected to be a growing market for Lancet market and expected to grow at a rapid rate.

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Intended Audience:
• Lancet manufacturers
• Lancet Suppliers
• Pharmaceutical companies
• Research and Development (R&D) Companies
• Medical Research Laboratories
• Academic Medical Institutes and Universities

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