Safety Lancet 2017 Global Market to Reach USD 2,305.1 million and Growing at CAGR of 11.84% by 2023
WiseGuyReports.Com Publish a New Market Research Report On – “Safety Lancet 2017 Global Market to Reach USD 2,305.1 million and Growing at CAGR of 11.84% by 2023”.
Pune, India – December 28, 2017 /MarketersMedia/ —
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. The market is majorly driven by increasing prevalence of different chronic diseases and improving medical device regulation, increasing inclination towards home healthcare, and increasing prevalence of diabetes. Additionally, rising healthcare spending and increasing government support have fuelled the growth of the market.
The global safety lancet market is expected to reach USD 2,305.1 million by 2023 at a CAGR of 11.84% during the forecasted period.
The global safety lancet market is segmented on the basis of types, end users and regions. On the basis of types, the market is segmented into: push button safety lancet, pressure activated safety lancet and side button safety lancet. The Push button safety lancet segment market accounts the largest share and is expected to reach USD 1,115.0 million by 2023 from USD 497.8 million in 2016 at the CAGR of 12.25 % for the forecasted periods.
On the basis on end users, the global safety lancet market is segmented into hospitals & clinics, diagnostic centers and pathology laboratories, home diagnostics and other. Hospitals & clinics dominated the global market in 2016 and accounted for USD 463.9 million.
On the basis of regions, the market is segmented into North America, Europe, Asia-Pacific and the Middle East & Africa. North America has the dominating market for safety lancet. The Safety Lancet market for North America is estimated at USD 380.9 million in 2016 and expected to reach by USD 843.0 million by 2023 at a fastest CAGR of 12.06%.
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Key Players
The leading market players in the global safety lancet market include: F. Hoffmann-La Roche AG, Becton, Dickinson and Company, Terumo Medical Corporation, Bayer AG, HTL-STREFA S.A., Sarstedt AG & Co. and Improve Medical Technology Co. Ltd. among others.
Study objectives
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global safety lancet market
• To provide insights about factors influencing and affecting the market growth
• To provide historical and forecast revenue of the market segments and sub-segments with respect to countries
• To provide historical and forecast revenue of the market segments based on channels, applications, and regions for the global safety lancet market.
• To provide strategic profiling of key players in the market, and comprehensively analysing their market share, core competencies, and drawing a competitive landscape for the market
• To provide economic factors that influences the global safety lancet market
• To provide detailed analysis of the value chain and supply chain of the global safety lancet market
Target Audience
• Pharmaceutical Companies
• Pharmaceutical Suppliers
• Potential investors
• Key executive (CEO and COO) and strategy growth manager
• Research companies
Key Findings
• North America accounted for the largest market share in the global safety lancet market, registering USD 380.9 million in 2016 and expected to reach by USD 843.0 million by 2023 at a fastest CAGR of 12.06
• Push button safety lancet segment market accounts the largest share and is expected to reach USD 1,115.0 million by 2023 from USD 497.8 million in 2016 at the CAGR of 12.25 % for the forecasted periods.
• Hospitals & clinics dominated the global market in 2016 and accounted for USD 463.9 million
The reports also covers regional analysis
• North America
o US
o Canada
• Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Republic of Korea
o Rest of Asia-Pacific
• Middle East & Africa
o Middle East
o Africa
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Table Of Contents – Major Key Points
1 Report Prologue 9
2 Market Introduction 13
2.1 Introduction 13
2.2 Scope of Study 13
2.3 Research Objective 13
2.4 Assumptions & Limitations 14
2.4.1 Assumptions 14
2.4.2 Limitations 14
2.5 Market Structure 15
3 Research Methodology 16
3.1 Research Process 16
3.2 Primary Research 17
3.3 Secondary Research 17
4 Market Dynamics 18
4.1 Introduction 18
4.2 Drivers 18
4.2.1 Growing Incidence Number of Contagious and Non-Contagious Diseases 18
4.2.2 Improving Medical Device Regulation 18
4.2.3 Increasing Inclination Towards Home Healthcare 19
4.2.4 Increasing Prevalence of Diabetes 19
4.3 Restraint 20
4.3.1 Risk Associated with blood transfusion 20
5 Market Factor Analysis 21
5.1 Porter’s Five Forces Model 21
5.1.1 Bargaining Power of Suppliers 21
5.1.2 Bargaining Power of Buyers 22
5.1.3 Threat of New Entrants 22
5.1.4 Threat of Substitutes 22
5.1.5 Intensity of Rivalry 22
5.2 Supply Chain Analysis 22
6 Global Safety Lancet Market, By Type 25
6.1 Introduction 25
6.2 Push Button Safety Lancet 26
6.3 Pressure Activated Safety Lancet 28
6.4 Side Button Safety Lancet 29
7 Global Safety Lancet Market, By End User 30
7.1 Introduction 30
7.2 Hospitals & Clinics 32
7.3 Diagnostic Centers and Pathology Laboratories 33
7.4 Home Diagnostics 33
7.5 Other End Users 34
8 Global Safety Lancet Market, By Region 35
8.1 Introduction 35
8.2 North America 37
8.2.1 The U.S. 39
8.2.2 Canada 40
8.3 Europe 42
8.3.1 Germany 45
8.3.2 France 46
8.3.3 UK 47
8.3.4 Italy 48
8.3.5 Spain 49
8.3.6 Rest of Europe 50
8.4 Asia-Pacific 51
8.4.1 Japan 54
8.4.2 China 55
8.4.3 India 56
8.4.4 Republic of Korea 57
8.4.5 Rest of Asia-Pacific 58
8.5 Middle East & Africa 59
8.5.1 UAE 62
8.5.2 Egypt 63
8.5.3 Saudi Arabia 64
8.5.4 Rest of Middle East & Africa 65
Continue…….
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