Global Disposable Lancet Market to reach USD 4376.08677 MN by 2026
Posted On February 19, 2020
According to the research report by Value Market Research, the Global Disposable Lancet Market is likely to grow from USD 2107.779 MN in 2019 to USD 4376.08677 MN by 2026 with a CAGR of 11% during the year 2020-2026.Elements such as the increasing occurrence of chronic disorders such as diabetes, arthritis, specialized improvement for the development of painless, compact blood lancet and enhancing the use of the disposable lancet for diabetic, anaemia, and similar tests are driving the market growth. The growing demand in clinics and hospitals is the main factor stimulating the global disposable lancets market over the forthcoming years. Popular healthcare infrastructure, as well as high-income creating end-use industries, is propelling the market growth. Moreover, surging demand for painless and softer retract equipment owing to mandatory testing of an infant for infections under the accessible healthcare cost are too raising the growth of the market.
The disposable lancet is a scalpel shaped tool with a double-edged needle utilized in surgeries and various other medical facilities as a pricking needle. It is a single-use lancet that reduces the threat of blood transfusion. Essentially, the disposable lancet is the lancet that takes blood out for medical testing for diseases like cholesterol detection, diabetes and other medical disorders. These Lancets are also utilized to penetrate through the skin in the skin testing for allergies. Disposable lancets are extensively being employed in blood glucose monitoring applications and many other diagnostic examinations that include withdrawal of blood.
The report "Global Disposable Lancet Market Report By Type (Safety Disposable Lancet, Homecare Disposable Lancet And Others), By Application (Adult, New Born And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" covers the market introduction, key market statistics followed by in-depth regional revenue/or volume analysis. The study researches the historical trends of the industry along with understanding all the geo-economic conditions related to the disposable lancet market, thus making the foundation of the report strong and reliable.
By type disposable lancet market is segmented into the safety disposable lancet, homecare disposable lancet and others. Safety lancet market has emerged with the highest product segment share owing to its rapid adoption due to faster retraction of blood with least pricking sensation. On the basis of application the market is divided as adult, new born and others. Adult segment led the market demand due to high elderly population and increasing cases of adult chronic diseases.
The North American region is expected to dominate the market over the next six years among all the regions studied in the report. North America, Europe, Latin America and Middle East & Africa are deeply researched in the report.
The Report Segments Global Disposable Lancet Market -
- Safety Disposable Lancet
- Homecare Disposable Lancet
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Abbott, AgaMatrix, ARKRAY, B. Braun, Bayer, BD, Greiner Bio One, HTL Strefa, I-SENS, Infopia, Lifescan, Narang Medical, Nipro, Omron, Roche, Sarstedt, Smiths Medical and Terumo.
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