The market for Lancet to rise at a CAGR of 12% over the course of the forecast period due to rising consumer demand for high-quality healthcare services and the healthcare industry’s rapid expansion. The number of people employed in the healthcare sector has grown somewhat during the last few years. The overall number of employment opportunities in the home healthcare sector in the U.S. is predicted to increase by almost 60% between the years of 2014 and 2024, according to data from the U.S. Bureau of Labor Statistics (BLS). Some of the fastest-growing occupations in the healthcare industry include occupations such as occupational therapy assistants, physical therapy assistants, home health aides, and others. In other statistics by the BLS, jobs for occupational therapy assistants between the period 2014 and 2024 is projected to hold the highest share of 43%. This is further led by physical therapy assistants, physical therapy aides, home health aides, and nurse practitioners, with a share of 41%, 39%, 38%, and 35% respectively.
The study on the Lancet market consists of a descriptive evaluation of the overall market scope and the annual growth rate, along with the latest trends and developments in the market in terms of various parameters such as growth indicators, market segmentation, revenue, opportunities along with challenges affecting the market growth. Further, the Lancet market is likely to attain a notable market value in 2023 as compared to the value achieved in 2033.
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Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
Healthcare Companies and Private Service Providers to have a minimal damage Caused by Inflation:
As US govt. remains committed to quality by spending more in the Medicaid and Medicare programs, incentives by govt. to medical devices, pharma companies and biotech to benefit the market players in short and long term goals. In 2021, U.S. spent $12,318/person on healthcare- highest amongst all OECD countries followed by Germany at $7,383. The federal government commitment towards healthcare systems to enable market players expanding their revenues and mitigating the risk posed by the inflation.
Market Segmentation
Our in-depth analysis of the global lancet market includes the following segments:
By Type
- Push-Button Safety Lancet
- Pressure Activated Safety Lancet
- Personal Lancet
- Side Button Safety Lancet
By Application
- Glucose Testing
- Hemoglobin Testing
- Coagulation Testing
By End Users
- Homecare
- Hospitals Clinics
- Blood Banks
- Others
Key Companies Dominating the Global Lancet Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global lancet market that are included in our report are F. Hoffmann-La Roche Ltd., Becton, Dickinson and Company, SARSTEDT AG Co. KG, Tenko Medical Systems Corp, HTL-STREFA (MTD Medical Technology and Devices S.A), Terumo Corporation, Ypsomed AG, Owen Mumford Limited, ARKRAY, Inc., Bayer AG, and others.
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