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Key Drivers for “Safety Lancet Market” to Ensure Healthy Growth at 11.8% of CAGR Till 2023

Safety Lancet Market report explores Scope of the Study as Research Objective, Assumptions and Limitations in-depth. The report gives Market Dynamics by Drivers, Restraints, Opportunities, Challenges, Macroeconomic Indicators and Technology Trends & Assessment.

Safety Lancets are one of the widely used alternative device to obtain the blood samples. Lancets are receiving global recognition and acceptance due to its several convenient characteristics which gives them an edge over the traditional methods for vein puncture. Some of the important features of the safety lancets are painless vein puncture, easy handling and safety while using. The major applications of the safety lancets are capillary blood micro sampling, cholesterol test, HBO and HIV screening test, blood group test, coagulation tests, allergy tests and many other blood-based tests.

Safety Lancets are introduced in 1994 by Medlance with the initiation button and T-shape cover over it. They are useful to avoid needle-stick injuries and infections. In United States alone in 2014, around 2.2 million people had chronic hepatitis B virus infection. (CDC, Viral Hepatitis – Hepatitis B Information, 2016). To reduce the prevalence of such blood borne infections, safety lancets are very helpful. Safety lancets can be further classified by their structural specifications such as Push-Button Safety Lancets, Pressure Activated Safety Lancets and Side Button Safety Lancets. Companies like HTL-STREFA S.A. Medline Industries, Inc. and Sarstedt AG & Co are some of the major manufacturers of safety lancets.

The safety lancet market report presents detailed analysis of the entire safety lancet market and provides extensive insights of the different safety lancets. The report also focuses on end users which uses safety lancet. Further, all of the above-mentioned report coverage parameters are discussed across different regions like North Americas, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA). The global safety lancet market is expected to grow at an estimated CAGR of 11.8% from 2017 to 2023.

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Global Safety Lancet Market – Dominant Players

Some of the key players in this market are:

Hoffmann-La Roche AG
Becton, Dickinson and Company
Terumo Medical Corporation
Bayer AG
HTL-STREFA S.A.
Sarstedt AG & Co.
Improve Medical Technology Co. Ltd

Global Safety Lancet Market – Regional Analysis

Europe accounts for the largest share of the market which is expected to reach USD 1,032.7 million by 2023. The European region is expected to be led by Germany, France and the U.K.

However, the market is shifting in favor of the developing countries led by China and India owing to large unmet needs and the growing number of screening and diagnostic. The development of safety regulation in healthcare is expected to result in rapid growth of the market.

North America region led by the U.S. Is expected to command faster growth than the traditional owing to compulsory testing of new-born for diseases under the affordable healthcare act.

The low health care expenditure in the Middle East and Africa regions coupled with poor socio-economic conditions in Africa will hinder the market. Thus, cost is a major value driver of the market in the African regions.

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Global Safety Lancet Market – Segments

To generate an accurate understanding of the market The Global Safety Lancet Market report has been segmented by types, end user and regions.

Based types, the market is sub segmented by pressure activated safety lancet, push button safety lancet, and side button safety lancet.

Based on end user, the market is sub segmented by hospitals & clinics, diagnostic centres and pathology laboratories, home diagnostics and other.

Based on regions, the market is sub segmented by North America, Europe, Asia Pacific, Middle East and Africa.

Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

Continued….

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Source URL: https://marketersmedia.com/key-drivers-for-safety-lancet-market-to-ensure-healthy-growth-at-118-of-cagr-till-2023/455839

Source: MarketersMedia

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