A blood lancet is a small and disposable medical device utilized in capillary blood sampling. Lancets are similar to scalpel but has a double-edged needle or blade. Blood lancets are used to make minuscule punctures to obtain blood samples for diagnosis of several diseases such as diabetes hyperlipidemia and dyslipidemia.

Key players profiled in the report Becton, Dickinson and Company, Improve Medical, Terumo Corporation, Sarstedt AG & Co., F.L. Medical SRL, Medtronic, Haemonetics Corporation, Shangdong Lianfa Medical., Nipro Medical Corporation, Abbott Laboratories.

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Factors such as increase in prevalence of chronic diseases such as diabetes, hyperlipidemia, and dyslipidemia, rise in awareness about advanced technology, and growth in geriatric population drive the market growth. In addition, rise in reimbursement policies also fuel the market growth. However, high cost of product and lack of patient awareness is expected to hinder the growth of the market. R&D in the field of surgical equipment is anticipated to create new opportunities during the forecast.

The blood lancet market is segmented on the basis of product, application, and end user. By product, the market is categorized into safety lancet, homecare lancet, and others. By application the market is divided as cholesterol test, glucose test, and others. By end user the market is classified into hospitals, clinics, blood banks, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

• The study provides an in-depth analysis of the market, with current trends and future estimations to elucidate the investment pockets.
• Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
• The report offers a quantitative analysis to assist the stakeholders to capitalize on prevailing market opportunities.
• Extensive analysis of different segments facilitates to determine various products available in the market.
• Key players are profiled and their strategies are analyzed thoroughly to predict the competitive market outlook.

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Author's Bio: 

I am Srushti. My keen interest in reading and writing. I forayed into the field of writing due to my love for words and the urge to do something different. I have been a part of the content resource team here in Allied Market Research. We have a dedicated team for content development wherein, we coordinate with the Market Analysts and create a precise content. I am personally involved in writing content for user engagement. I owe a responsibility to make sure the content is rich and user-centric. Allied Market Research has given me the chance to gain knowledge about different subjects.