Blood Lancets Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2025
DESCRIPTION The blood lancets market is expected to grow at a CAGR of 14.05% over the forecast period to reach a total market size of US$2,049.762 million by 2025, increasing from US$931.390 million in 2019. Blood lancets are the small medical implement used for carrying blood samples or obtaining small blood specimens for testing. The growing prevalence of diabetes and other infectious diseases around the globe is expected to drive the growth of the market during the forecast period. However, the lack of reimbursement scenario in developing countries is anticipated to restrain the growth of the market in the coming years.
Some Key Questions Answered By The Report
What will be Blood Lancets Market from 2020 to 2025? How are the major drivers and restraints affecting the Blood Lancets Market. Growth and the opportunities which exist for key vendors? Which segment and region will drive or lead the market growth and why?
Rising Demand Which Impact On Market Growth The rising prevalence of diabetes is expected to be one of the prime drivers for the growth of the market during the forecast period. According to the International Diabetes Federation report, the number of people with diabetes under the age group of 20-79 years has risen from 151 million in 2000 to 425 million in 2017. In addition, the rising economic burden of diabetes coupled with increasing healthcare expenditure around the globe is also anticipated to increase the demand for rapid diagnostic kits for glucose monitoring in the coming years. Also, according to the International Diabetes Federation (IDF), global health care expenditure on diabetes was around USD 727 billion in 2017 which represents a growth of 7%, which directly fuels the growth of the market.
Geography
North America
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United States
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Canada
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Mexico
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Others
South America
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Brazil
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Argentina
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Others
GEOGRAPHY Europe Germany France Italy United Kingdom Others
Middle East and Africa Israel Saudi Arabia UAE Others
Asia Pacific Japan China India Others
SEGMENT ANALYSIS
We have included all segments of this market in market research report.
The Blood Lancets market has been segmented by type, application, end- user industry and geography.
For complete segment information visit us
https://www.knowledge-sourcing.com/report/blood-lancets-market
CONCLUSION
ď‚Ą Major players in the Blood Lancets market have been covered along with their
relative competitive position and strategies. ď‚Ą The report also mentions recent deals and investments of different market
players over the last year. ď‚Ą The company profiles section details the business overview, financial
performance for the past three years, key products and services being offered along with the recent developments of these important players in the Blood Lancets market.
COMPANY PROFILES Becton, Dickinson and Company F. Hoffmann-La Roche Ltd B. Braun Melsungen AG Terumo Europe NV Owen Mumford Ltd Messe Düsseldorf GmbH SteriLance Medical (Suzhou) Inc Medline Industries, Inc F.L. Medical SRL
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