Luton, Bedfordshire, United Kingdom, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Lancets Market.
A blood lancet is a surgical tool with a blade that has two edges, much like a scalpel. Blood samples are obtained by puncturing the skin with a blade in order to diagnose conditions including diabetes, hyperlipidemia, and dyslipidemia. These are widely used by diabetic individuals to check their blood glucose levels. An inexpensive medical tool called a blood lancet is used to take capillary blood samples. Blood ones are further used to validate a person's blood group at home, in clinics, and in pathology labs.
Rising Interest in Lancets to Promote Growth
The Freestyle Libre Flash, a Glucose Monitoring System that helped individuals monitor their glucose or sugar levels, was authorized by the US Food and Drug Administration in October 2017. Through the provision of cutting-edge items, this helped the corporation build a stronger portfolio.
In August 2017, the Spanish company HTL-STREFA S.A. gave safety lancets to the Polish organisation GLOBAL-MED. Ambulans-z-serca, or Ambulance from the Heart, was the name of the programme that helped provide free glucose testing in moving vehicles at different healthcare events. By growing its client base, the business hoped to solidify its position as the dominant brand on the world market.
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Lancets Market: Recent Development
- A sales agreement between Osaka-based NIPRO Corporation and Owen Mumford Ltd. was signed in July 2019 to allow the latter company's UniSafe line of springless medical devices to be sold in Japan's healthcare industry.
- The OneTouch Delica Plus brand of lancets, which include a silicone covering, was introduced by LifeScan Inc. in October 2019.
| Report Metric | Details |
| Base Year Considered | 2021 |
| Forecast Period | 2022-2029 |
| Forecast Unit | Value (USD) |
| Segments Covered | Type, Application, and Region |
| Regions Covered | North America, Europe, Asia-Pacific, and LAMEA |
| Companies Covered | Becton Dickinson and Company (US), Roche Diagnostics (Switzerland), Ypsomed (Switzerland), B. Braun Melsungen, Terumo Corporation, Own Mumford, HTL-STREFA S.A, ARKRAY, Sarstedt, and SteriLance Medical, Others. |
Lancets Market Key Players
Major Key Players in the market include: - Becton Dickinson and Company (US), Roche Diagnostics (Switzerland), Ypsomed (Switzerland), B. Braun Melsungen, Terumo Corporation, Own Mumford, HTL-STREFA S.A, ARKRAY, Sarstedt, and SteriLance Medical, Others.
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Lancets Market Segmentation
Market segments are created based on Type and application. These segments' growth will enable you to discover the industries' sparsely growing segments and give users a comprehensive industry overview and market insights to aid in selecting key market applications.
By Type, it is segmented into
- Safety Lancets
- Personal lancets
By Application, it is segmented into
- Glucose Testing
- Hemoglobin Testing
- Coagulation Testing
- Other Applications
Lancets Market – Drivers and Restraints
- A blood lancet is a surgical tool with a blade that has two edges, much like a scalpel. Blood samples are obtained by puncturing the skin with a blade in order to diagnose conditions including diabetes, hyperlipidemia, and dyslipidemia.
- These lancets are widely used by diabetic individuals to check their blood glucose levels. An inexpensive medical tool called a blood lancet is used to take capillary blood samples. Blood lancets are further used to validate a person's blood group at home, in clinics, and in pathology labs.
- The lancets market is expected to have slow development due to unfavorable reimbursement rules and the hazards of blood transfusion.
Lancets Market: Regional Analysis
North America held a sizeable portion of the market, and it is anticipated that it would continue to do so during the projection period. This is because blood lancets are widely available and used in this area. Additionally, diabetes is becoming more and more common in the US. The Asia-Pacific region is expected to grow rapidly during the forecast period, owing to an increase in the incidence of diabetes, high cholesterol, and other chronic diseases. Furthermore, the Asia-Pacific blood lancets market is growing as a result of the increased demand for improved healthcare services in developing nations like China and India. As a result, the aforementioned factors contribute to the region's global blood lancets market growth.
Lancets Market: Top Impacting Factors
- Government spending on healthcare education
- The industry is anticipated to be driven by rising government investment and technological developments in diabetes control. Faster product approvals and the launch of technologically improved items are anticipated to drive market expansion over the projected period.
- The major factors driving the blood lancets market growth are an increase in the prevalence of chronic diseases such as diabetes, hyperlipidemia, and dyslipidemia, as well as an increase in the preference for home care diagnostics.
- On the contrary, a promising regulatory scenario has a positive impact on the growth of the blood lancets market, resulting in lucrative opportunities in the near future.
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