The Europe Blood Lancets Market would witness market growth of 8.1% CAGR during the forecast period (2019-2025). Europe's safety lancet market is rising each year and is expected to expand steadily in the future. Lancet is a small needle that is usually used to prick the finger for blood sample collection. Safety lancets are instruments for the processing of blood samples by a single-use. These are used in hospitals, clinics, laboratories, doctor's offices and everywhere both patients and practitioners need to feel safe. Safety lancets prevent damage and infections at the needle stick. Safety lancets are gamma-sterilized and covered with a sterility tab, tightly sealed needle housing ensuring the needle is concealed before and after use to prevent sharp injuries. The self-destructive mechanism which prevents the device from being reused is triggered by a gentle push on the test site, minimizing pain due to its high-speed penetration.
Growth in the lancets market is driven mainly by the growing prevalence of diabetes and the high prevalence of infectious diseases globally. Additionally, over the years to come, emerging markets such as India and China are anticipated to provide growth opportunities for players operating on the lancets market. Nevertheless, the risk of needlestick injuries, lancet reuse and weak reimbursement scenario in developing countries are limiting this market's growth.
Key indicators of medical devices on the disposable lancets market aim to unveil tools that render their use easy for patients and make the process of drawing blood almost painless. They equip the devices with cutting-edge capillary blood engineering. A few players on the market for disposable lancets aim to meet the needs of point-of-care patients, particularly those used for diabetes treatment. Some prominent ones aim to develop disposable lancets that can be used for multiple purposes. Additionally, lancets with precision cut tips are disposable.
Based on Type, the market is segmented into Vacuum Blood Lancets, Safety Blood Lancets and Standard Blood Lancets. Based on End Users, the market is segmented into Homecare, Hospitals and Clinics, Blood Banks and other End Users. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Blood Lancets Market in Europe is expected to register a CAGR of 8.1% during the forecast period (2019-2025)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Becton, Dickinson and Company, Medtronic PLC, Abbott Laboratories, Terumo Corporation, Haemonetics Corporation, Nipro Corporation, Sarstedt AG & Company, F.L. Medical S.r.l., Socorex Isba SA, and PL Medical Co., LLC
Market Segmentation:
By Type
By End Users
By Country
Companies Profiled
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