Global Lancets Market Size is estimated to expand rapidly in coming years, at a CAGR of 12.55 % from 2018 to 2025. In 2017, the global market valuation was USD 0.85 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. A blood lancet or simply lancet is a small medical appliance which is used as capillary blood for blood sampling. They are used to make punctures on a finger and to collect blood for health care purposes. Growth in the lancet market is dominated because of increasing patient diabetes, high blood pressure and cholesterol.  The risk of needle injuries in one of the main reason behind the invention of lancets. According to the research, the Asia Pacific region is expected to be the highest growing region in the market of lancet.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global lancets market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global lancets market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Type Insights: on the basis of type, global lancets market has been segmented into safety lancets and personal lancets. Amongst which safety lancets are expected to dominate the market in terms of revenue with forecast period due to high use in diabetes, glucose, cholesterol, hemoglobin tests. Growth in the lancet market is dominated because of increasing patient diabetes, high blood pressure and cholesterol.

By Application Insights: On the basis of application insights, global lancets market has been segmented into diabetes test, cholesterol test, glucose test, hemoglobin test. Amongst which use of lancets for diabetes testing is highest growing segment. With the increasing prevalence of diabetes, the demand of lancet is expected to grow in the forecast period.

By End User Insights: On the basis of end user, global lancets market has been segmented into hospitals, clinics, blood banks, diagnostic centers and personal care. Among which the hospital and clinic segment is expected to dominate the market in forecast period. The dominant share of this market is primarily due to increasing rate of contagious and non-contagious diseases, increasing prevalence of diabetes and rising inclination towards home care and diagnostics.

Regional Analysis

The lancets market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region Asia Pacific region is expected to witness high growth in the market in forecast period due to increasing health care industry. Emerging countries in Asia Pacific region such as China and India have high population which will drive the market in forecast period. Low cost of raw material and easy availability of labors are key points for boosting market in Asia Pacific region. North America is expected to witness high growth in upcoming time span due to high demand in health care sector and increasing demand of blood tests in hospitals, clinics and diagnostic centers. Technical advancements and government’s insistence for providing highly efficient health care products is also one of the reason behind market uplifting. Europe held a substantial growth in the market of lancets owing to the rise in prevalence of diabetes and diabetes diagnosis. The growth in this region is especially due to low manufacturing and labor cost in the region. On the other hand the Middle East and Africa will show moderate growth in the market of lancets.

Global Lancets Market Size, Share Analysis by Region 2017

Global Lancets Market Study Objective

1. To forecast the market size of global lancets market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of global lancets market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of global lancets market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of global lancets market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the global lancets market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Terumo Corporation, Own Mumford, HTL-STREFA S.A, ARKRAY, Sarstedt, SteriLance Medical, Becton, Dickinson and Company, Roche Diagnostics and Ypsomed are some of the key players in the market of lancets.

Global Lancets Market Study Report Offer You!

The global lancets market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.