The lancets market stood at a value of around USD 850 million in 2019. The lancets market is further projected to expand to reach USD 1702.2 million by 2025, growing at a CAGR of 12% during the forecast period of 2020-2025. The growth of the lancets market can be ascribed to the availability of a big pool of diabetic patients and the growing incidences of infectious diseases requiring blood testing for diagnosis and therapy, along with increased awareness of diabetes treatment globally.
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Properties and Applications
Lancet, a fine, sharply pointed needle, is a small medical implement used to prick the skin, particularly for blood sugar monitoring or capillary blood sampling. The global lancets market can be divided based on segments like types, end-uses, and applications.
The lancets market, on the basis of lancet-type, can be divided into safety lancets and personal lancets. Safety lancet is further subdivided into push-button lancets and pressure-activated lancets. The industry can be divided on the basis of its application into glucose testing, haemoglobin testing, and coagulation testing, among others.
The lancets market can be broadly categorised based on its end use into:
The EMR report looks into the regional lancets markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The growth in the lancets market is primarily driven by the increasing incidences of diabetes and high infectious diseases worldwide. Emerging markets such as India and China are anticipated to provide growth possibilities during the forecast period for the players in the lancets market. However, the danger of needlestick injuries, the reuse of lancets, and the bad reimbursement situation may act as the major market constraints, hampering the lancets market growth.
The hospitals and clinics segment is anticipated to lead the global lancets industry in 2020. While it is expected that North America will dominate the lancets market in 2020, the Asia Pacific region is projected to witness the highest CAGR over the forecast period. The increasing healthcare sector, increasing geriatric population in China and India, fast financial development, and increased awareness of diabetes treatment are some of the primary factors, which are aiding in the growth of the Asia Pacific lancets market.
The report presents a detailed analysis of the following key players in the global lancets market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the lancets market by providing a SWOT analysis as well as an assessment of Porter’s Five Forces model.
Key Questions Answered in the Report:
1.1 Objectives of the Study
1.2 Key findings of the Study
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
3 Inference Data Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Market Overview
4.2 Market Analysis
4.3 Cost Structure
5 Global Lancets Market Analysis
5.1 Global Lancets Historical Market (2015-2019) & Forecast (2020-2025)
5.2 Global Lancets Market Breakup by Type
5.2.1 Safety Lancets
18.104.22.168 Push-Button Lancets
22.214.171.124 Pressure-Activated Lancets
5.2.2 Personal Lancets
5.3 Global Lancets Market Breakup by Type: Historical Market (2015-2019) & Forecast (2020-2025)
5.3.1 Safety Lancets
126.96.36.199 Push-Button Lancets
188.8.131.52 Pressure-Activated Lancets
5.3.2 Personal Lancets
5.4 Global Lancets Market Breakup by Application
5.4.1 Glucose Testing
5.4.2 Haemoglobin Testing
5.4.3 Coagulation Testing
5.4.4 Other Applications
5.5 Global Lancets Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
5.5.1 Glucose Testing
5.5.2 Haemoglobin Testing
5.5.3 Coagulation Testing
5.5.4 Other Applications
5.6 Global Lancets Market Breakup by End Use
5.6.1 Hospitals & Clinics
5.6.2 Home Care Settings
5.7 Global Lancets Market Breakup by End Use: Historical Market (2015-2019) & Forecast (2020-2025)
5.7.1 Hospitals & Clinics
5.7.2 Home Care Settings
5.8 Global Lancets Market Breakup by Region
5.8.1 North America
184.108.40.206 United States of America
220.127.116.11 United Kingdom
5.8.3 Asia Pacific
5.8.4 Latin America
5.8.5 Middle East & Africa
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
5.9 Global Lancets Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
5.9.1 North America
188.8.131.52 United States of America
184.108.40.206 United Kingdom
5.9.3 Asia Pacific
5.9.4 Latin America
5.9.5 Middle East & Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
6 SWOT Analysis
7 Porter’s Five Forces Analysis
7.2 Buyer’s Power
7.3 Supplier’s Power
7.4 New Entrants
7.5 Degree of Rivalry
8 Key Players & Company Profiles
8.1 Becton, Dickinson and Company (NYSE: BDX)
8.2 Roche Diagnostics Ltd. (SWX: ROG)
8.3 Ypsomed Holding AG (SWX: YPSN)
8.4 B. Braun Melsungen AG
8.5 Terumo Corporation (TYO: 4543)
8.6 Owen Mumford Ltd
8.7 HTL-Strefa S.A
8.8 Arkray Inc.
8.9 Sarstedt AG and Co. KG
8.10 Sterilance Medical (Suzhou) Inc.
8.11 Medline Industries Inc.
8.12 Intrinsyk LLC
9 Events and Developments
Additional Customization Available:
10 Feedstock Analysis
11 Procurement Strategy
11.1 Value Chain Analysis
11.2 Contract Terms
11.3 Buying and Sourcing Trends
11.4 Storage and Warehousing
11.5 Certifications and Regulations
11.6 Risk Factors
12 Trade Data Analysis
12.1 Major Exporting Countries: By Value and Volume
12.2 Major Importing Countries: By Value and Volume
13 Manufacturing Process
13.1 Detailed Process Flow
13.2 Operations Involved
13.3 Mass Balance
14 Cost Analysis and Project Economics
14.1 Land, Location and Site Development
14.3 Plant Machinery
14.4 Cost of Raw Material
14.9 Other Capital Investment
15 Production Cost Analysis
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