Safety lancet Market - Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players Acuron Products, Sterimed Group, Improve Medical Technology Co. Ltd., Ribbel International Ltd., HTL-STREFA S.A.

Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Safety lancet Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 12.4% during the review period (2022 to 2027).

Safety lancet Market Overview

Some other major drivers expected to fuel this market's growth are the growing prevalence of diabetes, high growth of insulin users and rising incidence rate of contagious and non-contagious diseases. Also the safety lancets are being used for heel-stick screening tests, diabetes, glucose test, tests in infants, and scarred emergency patients or brutally burned patients which is also fueling the market growth in the above-mentioned forecast period.

The high growth prospects in emerging countries as well as the increasing demand and need for safe blood glucose tests in hospitals, clinics and diagnostics centers will further accelerate the expansion of the safety lancet market and are also are offering significant growth opportunities for the market in the forecast period of 2021 to 2028. However, the high risk of needle stick injuries and poor reimbursement scenario in developing countries will restrict the growth of the safety lancet market. In contrast, the reuse of lancets can challenge the development of the safety lancet market.

Industry News:

NARANG MEDICAL LIMITED - ON A FAST GROWTH SPREE IN INTERNATIONAL MARKETS

Narang Medical Limited (NML) has covered a long journey in short time. Incorporated in 1989, the company has risen to No. 1 spot within 25 years and is today recognized as 'India's best source to import' when it comes to hospital furniture and orthopedic implants.

What are the major Applications, Types and Regions for Safety lancet Market?

By Type, it is segmented into

• Spring Loaded Safety Lancet


• Push Button Safety Lancet


• Pressure Activated Safety Lancet


• Others

• By Applications


• Hospitals and Clinics


• Diagnostic Centers


• Pathology Laboratories


• Home Diagnostics


• Other   

Safety lancet Market Regional Analysis

North America accounted for a major market share in 2018 and is anticipated to continue this trend during the forecast period. This is attributed to vigorous use and ease of availability of blood lancets in this region. In addition, the incidence of diabetes is increasing at a considerable rate in the U.S. For instance, according to the Center for Disease Control and Prevention, more than 100 million U.S. adults are now living with diabetes or prediabetes. Diabetes was the seventh leading cause of death in the U.S. in 2015. However, Asia-Pacific is anticipated to experience rapid growth during the forecast period, owing to rise in incidence of diabetes, high cholesterol, and other chronic disease. Moreover, an increase in demand for advanced healthcare services in the emerging economies such as India and China, is the major factor driving the growth of the Asia-Pacific blood lancets market. Thus, the factors aforementioned contribute to global blood lancets market growth in the region.

All these factors greatly affect the Safety lancet Market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Safety lancet Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Safety lancet Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Safety lancet Market report scope?

Key Takeaways from this Healthcare IT Report

• Evaluate Safety lancet Market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Safety lancet Market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.

Frequently Asked Questions

What is the study period of this market?

The Safety lancet Market is studied from 2017 - 2027.

What is the growth rate of Safety lancet Market?

The Safety lancet Market is growing at a CAGR of 12.4% over the next 5 years.

Who are the key players in Safety lancet Market?

Acuron Products, Sterimed Group, Improve Medical Technology Co. Ltd., Ribbel International Ltd., HTL-STREFA S.A., Narang Medical Limited, Panjiva, Roche, HICKS THERMOMETERS (INDIA) LTD, Bayer AG, Terumo, Amkay Products, Becton Dickinson, Global Surgimed Industries

What region does this Safety lancet Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Safety lancet Market?

• Spring Loaded Safety Lancet, Push Button Safety Lancet, Pressure Activated Safety Lancet, Others

What are the major Applications of Safety lancet Market?

Hospitals and Clinics, Diagnostic Centers, Pathology Laboratories, Home Diagnostics, Other