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Blood lancets market size to touch $1,849.30 Mn by 2026, at a CAGR of 9.4%. The homecare segment is expected to grow at a CAGR of 7.6% during the period.
PORTLAND, OR, UNITED STATES, September 25, 2024 /EINPresswire / -- The blood lancet market is experiencing steady growth, driven by the increasing need for rapid, point-of-care blood testing. These small, disposable devices are used to collect capillary blood samples for a variety of diagnostic tests. Allied Market Research recently said "Blood Lancets Market, by Type and End User: Global Opportunity Analysis and Industry Forecast, 2018–2026," the global blood lancets market size is expected to reach $1,849.30 million by 2026, registering a CAGR of 9.4% from 2019 to 2026, in terms of value. This expansion is driven by increasing prevalence of chronic diseases such as diabetes and rising demand for minimally invasive diagnostic tools.
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Key market trends include:
.Growing Focus on Patient Comfort and Safety: Manufacturers are prioritizing the development of lancets with improved safety features and reduced pain during use. This includes the use of thinner needles, adjustable depth settings, and ergonomic designs.
.Advancements in Lancing Devices: Pen-style lancing devices are gaining popularity for their ease of use and reduced risk of needlestick injuries. These devices often incorporate features like automatic lancing and adjustable depth settings.
.Regulatory Changes: The blood lancets market is subject to various regulatory requirements, including quality standards, safety regulations, and labeling guidelines. Changes in these regulations can impact market dynamics.
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Important Key Market Players Are -
.Abbott Laboratories.,
.Improve Medical (Guangzhou Improve Medical Instruments Co., Ltd),
.Medtronic Plc.,
.Nipro Medical Corporation,
.Terumo corporation.,
.F L Medical S.R.L,
.Owen Mumford,
.Sarstedt AG & CO.,
.Becton Dickinson And Company,
.SteriLance Medical
On the basis of type, the safety blood lancets segment accounted for 41% share in 2018, and is expected to exhibit a prominent growth rate in the near future, owing to its increased usage by the patients suffering with diabetes to self-monitor their blood sugar level.
Key Findings of The Study -
.By type, the standard segment accounted for the highest blood lancets market share of 55% in 2018 and is anticipated to grow at the fastest rate during the forecast period.
.By region, North America was the major shareholder and accounted for the highest share of 48% in 2018.
.By end user, the homecare segment is expected to grow at a CAGR of 7.6% during the forecast period.
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Geographic Segments Covered in the Report -
The Blood Lancet Market report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
. North America (USA and Canada)
. Europe (UK, Germany, France and the rest of Europe)
. Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
. Latin America (Brazil, Mexico, and the rest of Latin America)
. Middle East and Africa (GCC and rest of the Middle East and Africa)
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About Us -
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various research data tables and confirms utmost accuracy in our market forecasting. Each and every us companies and this helps us in digging out market data that helps us generate accurate y data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
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MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.