Disposable Lancets Market Growth to Remain Stable during the Projection Period 2019 – 2027

Global Disposable Lancets Market: Snapshot
The disposal lancets has thrived on the back of extensive use of these in diabetes care as a pricking needle to draw blood from patients, especially in home care settings. Over the past several years, there has been substantial over-the-counter (OTC) sales of disposable lancets. Advancements in capillary blood sampling technologies used in lancets have considerably improved comfort and safety features for patients as well as health care professionals. Medical device are striving to unveil disposable lancets that reduce the risk of cross-contamination or injury to patients as well as care givers. Moreover, single-release functions have been improvised continuously over the past few years, imparting a robust impetus to the demand in the disposable lancets market.
Apart from the demand for disposable lancers in cholesterol detection, they are used in cholesterol detection and new born care. Their use for skin testing for allergies has also grown significantly. Advances in design parameters of lancing devices have also aided in the evolution of the disposable lancets market.
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Global Disposable Lancets Market: Growth Dynamics
Disposable lancets are increasingly being used in blood glucose monitoring applications and several other diagnostic tests that involve drawing of blood. The growing demand in clinics, hospitals, and homecare settings is a key trend boosting the disposable lancets market. Over the past few years, developed nations and countries witnessing the prevalence of diabetes have been witnessing continuous advancements in lancing technologies used for blood glucose self-monitoring.
The disposable lancets market has seen painless and portable lancing devices gathering steam in emerging economies. The steady need for such devices has paved way to novel lancet techniques, especially when they are used in blood glucose self-monitoring. With regard to this, manufacturers are striving to add automation features to increase the safety factors. For example, they are adding automation features that prevents its reuse. Key focus of medical device makers has been discomfort and tissue damage. Further, the use of disposable lancets helps in reduce the risk or incidence of blood transfusion.
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Global Disposable Lancets Market: Notable Developments
Key medical device markers in the disposable lancets market are striving to unveil devices that make their use easy for patients and further make the blood drawing process almost painless. They are equipping the devices with advanced capillary blood technologies. A few players in the disposable lancets market are aiming to meet the needs of point-of-care devices, especially those used for diabetes care. A few prominent ones are also aiming to develop disposable lancets that can be used for multiple purposes. Further, there have been disposable lancets with precision cut tip.
End users disposable lancets market has also benefitted from the growing public installation of sharps drop -boxes for disposal of used lancets. This is a key trend boosting the market. Particularly in developed nations, there has been high awareness of sharps drop-boxes. All these factors are favoring the future strides the disposable lancets market is expected to take in the next few years.
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Some of the prominent players in the global disposable lancets market are I-SENS, Greiner Bio One, B. Braun Melsungen, AgaMatrix, Narang Medical, and Abbott Laboratories.
Global Disposable Lancets Market: Regional Assessment
Among the various regions, the disposable lancets market has witnessed considerable revenue potential in North America. This is in large part to the presence of a large patient pool and constant capillary technologies advancements over the past few years. Growing incidence of diabetes, and dyslipidemia in the regional population is also offering substantial lucrative avenues to medical device makers. Meanwhile, in the coming years, Asia Pacific and the Middle East and Africa will emerge as promising regional markets.
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