According to a new report Global Blood Lancets Market, published by KBV research, The Global Blood Lancets Market size is expected to reach $1.5 billion by 2025, rising at a market growth of 8.5% CAGR during the forecast period.
In the end-user segment, the homecare category dominated the blood lancet market in 2018 and is expected to retain its dominance over the forecast period as well. The dominance of this sub-segment can be associated with a substantial rise in patient demand for home care treatment of multiple chronic illnesses such as diabetes. In addition, the compact nature and user-friendliness associated with blood lancets make them an excellent tool for self-diagnosis and diabetes monitoring. Therefore, the aforementioned factors lead to market growth.
The Standard Blood Lancets market dominated the Global Blood Lancets Market by Type in 2018, growing at a CAGR of 8.3 % during the forecast period. The Safety Blood Lancets market is witnessing a CAGR of 8.6% during (2019 - 2025).
North America is expected to dominate the regional blood lancets market. On contrast, during the forecast period, the APAC region is expected to experience the highest CAGR. The increasing healthcare industry, the rising geriatric population in China and India, rapid economic growth and increased awareness of diabetes treatment are some of the main factors driving growth in the Asia Pacific region's blood lancet market.
Structural Insights: https://www.kbvresearch.com/blood-lancets-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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
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