The Global Lancet Market is growing at an exponential rate and it is expected to grow at a CAGR of 11.3% during 2016 to 2022.
Comprehensively, lancets are being used by patients who are influenced by endocrine related complexities, cardiovascular issues, and numerous others. Lancets are being utilized for diabetes/glucose test, tests in newborn children, heel-stick screening tests, and in addition for scarred crisis patients or seriously consumed patients.
The expanding commonness of diabetes and developing rate number of infectious and non-infectious ailments has been the main consideration for affecting the development of the market. Frequency of infectious maladies is expanding quickly on a worldwide level. As indicated by the WHO, it has been computed that, irresistible maladies like plaque which is otherwise called dark passing has an expected 50 million passings in the fourteenth century, this irresistible sickness can be a genuine infection if not treated, this illness has a case casualty proportion of around 30%-60%, starting at 2013 there were 783 cases overall which incorporates 126 passings.
The global lancet market appears to be oligopolistic owing to the presence of large players active in the regional market. The market is also characterized by a reasonable degree of brand loyalty where establishing a brand name is difficult for newcomers. However, the cost involved in manufacturing setup is low to medium which discreetly comfort the new entrants to enter in the market easily.
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Key Players for Lancet Market:
Some of the Key Players in This Market Are: F. Hoffmann-La Roche AG, Becton, Dickinson and Company, Greiner Bio One International GmbH, Improve Medical Technology Co. Ltd, Terumo Medical Corporation, Bayer Cropscience Limited, HTL-STREFA S.A, Sarstedt AG & Co and Others
Industry Updates
June, 2016: F. Hoffmann-La Roche AG received European approval of Avastin Drug in combination with Tarceva for cancer patients with a specific type advance lung cancer.
January, 2016: Catalent Inc., a company involved in biologics announced its research collaboration with Roche on Smartag(TM) technology. Catalent claims Roche will pay Catalent an up-front fee of $1 million. Roche to provide additional research funding during the initial phase of the collaboration between these two companies.
October, 2015: BD announced the acquisition of GenCellBio systems, an Irish biotech company that has developed proprietary technologies that address key biological analysis protocols, for an undisclosed consideration. The acquisition is expected to improve the BD’s Next Generation Sequencing line of products.
August, 2015: Roche Holding AG acquired GeneWEAVE to strengthen offerings in microbiology diagnostics. Roche will pay GeneWEAVE shareholdsers $190 million upfront and up to $235 million in contingent product related milestones.
March, 2015: BD completed the acquisition of CareFusion Corporation (CareFusion) for $12.2 billion. CareFusion will operate as a wholly-owned subsidiary of BD. The acquisition is intended to enhance the medication management and patient safety solutions provided by BD.
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March, 2015: BD announced the acquisition of CRISI Medical Systems, a medical technology company focused on providing safety and delivery of IV injectable medications. The acquisition will strengthen BD’s position in addressing preventable medication errors and improve care delivery efficiencies.
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