A blood sugar lancet is a small medical device used in capillary blood sampling. It looks similar to a scalpel but has a double-edged needle or blade. Blood sugar lancets are used to make minuscule punctures to obtain blood samples and are mostly disposable. The blood sugar lancet market is a part of the global diabetes market as they are commonly used to measure blood glucose levels. The depth of the skin to be penetrated can be adjusted for various levels of skin thickness. Some devices can even be used to measure the acid base status of an unborn foetus.
Scope of the Report:This report focuses on the Blood Sugar Lancets in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
As per the International Diabetes Federation, it is estimated that nearly 642 million people will suffer from diabetes by the year 2040. This amounts to nearly 1 in 10 adults. They are anticipated to be the biggest driver of the blood sugar lancet market in the coming decade. Diabetes is far more likely to occur in obese or senior citizens in any country. Western countries are already troubled by both these health predicaments. There is also an increasing number of both type 1 and type 2 cases of diabetes being reported in children and thus, governments will be under increasing pressure to tackle the issue head one. The blood sugar lancet market will allow people to monitor their glucose level, keep it under control and take the medication as and when required.Ê
The second driver of the blood sugar lancet market is the reimbursement options available, especially in developed countries. These devices are typically replaced every six to eight months which makes them expensive in the long run. Thus, patients prefer health insurance plans that cover most of the device expenditure. These plans also provide coverage for glucose test strips, glucose meters and diabetes testing supplies. In the U.S. alone, Medicare covers almost 80% of the cost of blood glucose monitoring devices like blood sugar lancets. The American Association of Diabetes Educators has also published a reimbursement procedure for primary caregivers, which categorically states that Medicare will reimburse medical service costs of diabetic patients.
The worldwide market for Blood Sugar Lancets is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2026, from xx million US$ in 2020, according to a new study.
Market Segment by Manufacturers, this report covers Bayer
Roche
AgaMatrix
Nova Biomedical
Integrity Applications
Medisana
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Disposable
Non-Disposable
Market Segment by Applications, can be divided into Hospitals
Clinics
Others
There are 15 Chapters to deeply display the global Blood Sugar Lancets market.
Chapter 1, to describe Blood Sugar Lancets Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Blood Sugar Lancets, with sales, revenue, and price of Blood Sugar Lancets, in 2018 and 2019;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2018 and 2019;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Blood Sugar Lancets, for each region, from 2015 to 2020;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2015 to 2020;
Chapter 12, Blood Sugar Lancets market forecast, by regions, type and application, with sales and revenue, from 2020 to 2026;
Chapter 13, 14 and 15, to describe Blood Sugar Lancets sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
