North America to Hold the Lion’s Share in the Blood Glucose Lancets Market

Wed, 22 July 2020 7:53

A blood glucose lancet is defined as a medical device, similar to a scalpel, which has a double-edged blade. The blade is used to pierce the skin to collect blood samples that are further used in diabetes patients to diagnose blood glucose levels. These lancets are regularly used by diabetic patients to track their blood glucose levels. Generally, these blood glucose lancets are disposable and portable, and find application in in-home healthcare as well as in hospitals or diagnostic laboratories.

The market’s most significant driver is the increasing prevalence of diabetes and surging inclination toward home-based healthcare diagnostics. Rising use of disposable blood glucose lancets for painless diagnosis of blood sugar levels, hemoglobin, lipid levels, and other important blood components drives the market growth

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Key Highlights

  • The blood glucose lancets market was valued at USD 1091.3 million in 2019 and is expected to grow with a CAGR of 9.6% during the forecast period on account of the increasing prevalence of diabetes
  • The push button lancets segment holds the highest market share owing to its quick, comfortable, pain-free, and adequate blood sample collection capabilities
  • The hospital segment dominates the market on account of the rising adoption of blood glucose monitoring devices in hospitals
  • North America leads the blood glucose lancets market on account of its high adoption rate by both physicians and patients and easy availability of blood lancets across the region

Key Players

  • HTL-STREFA S.A
  • Roche Diagnostics
  • Becton
  • Er  Dickinson and Company
  • Terumo Corporation
  • Own Mumford
  • Ypsomed
  • Braun Melsungen
  • ARKRAY
  • Sarstedt
  • SteriLance Medical
  • Dexcom

Blood Glucose Lancets Market: Segmentation

By Type

  • Push Button Lancets
  • Pressure Activated Lancets
  • Side Activated Lancets

By End-User

  • Hospitals and Clinics
  • Diagnostics Center
  • Home Healthcare

By Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • The Middle East and Africa

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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