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Follow on Google News | Lancet Market Insights, Key Players, Growth Drivers and Forecast Report - P&S IntelligenceThe global lancet market size is expected to exhibit a CAGR of 9.5% during the forecast period by P&S Intelligence.
By: P&S Intelligence The increasing prevalence of infections and injuries due to the use of needlesticks is another important factor fuelling the rise in the demand for lancets across the globe. Due to these factors, the global lancet market generated revenue of $830.3 million in 2019 and is expected to exhibit a CAGR of 9.5% during the forecast period (2020–2030) Across the world, the Asia-Pacific (APAC) region is expected to register the fastest growth in the adoption of lancets in the near future. This is primarily ascribed to the soaring geriatric population, improving healthcare infrastructure, rising prevalence of chronic diseases, increasing number of initiatives and measures being taken by the various public and private companies and organizations for increasing the awareness amongst the people about diabetes, and the rising spending power of the people in the region. For instance, as per the WHO, 90% of around 6 million diabetics in Southeast Asia are suffering from type 2 diabetes. Browse full report at: https://www.psmarketresearch.com/ Thus, it can be concluded that due to the rising incidence of chronic diseases especially diabetes and the ballooning popularity of minimally invasive blood drawing medical devices, the demand for lancets will rise significantly across the world, over the next few years. End
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