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Global Lancets Market: By Type: Safety Lancets, Personal Lancets, Safety Lancets, Personal Lancets; By Application: Glucose Testing, Haemoglobin Testing, Coagulation Testing, Other Applications; By End Use; Regional Analysis; Historical Market and Forecast (2017-2027); Competitive Landscape; Industry Events and Developments

Global Lancets Market Outlook

The lancets market stood at a value of around USD 850 million in 2020. The lancets market is further projected to expand to reach USD 1702.2 million by 2026, growing at a CAGR of 12% during the forecast period of 2022-2027.

 

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.

 

Global Lancets Market

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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.

 

Global Lancets Market By End Use

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The lancets market can be broadly categorised based on its end use into:

  • Hospitals and Clinics 
  • Home Care Settings
  • Others

The EMR report looks into the regional lancets markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

 

Global Lancets Market By Region

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Market Analysis

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 2021. While it is expected that North America will dominate the lancets market in 2021, 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.

 

Competitive Landscape

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:

  • Becton, Dickinson and Company (NYSE: BDX)
  • Roche Diagnostics Ltd. 
  • Ypsomed Holding AG 
  • B. Braun Melsungen AG 
  • Terumo Corporation 
  • Owen Mumford Ltd 
  • HTL-Strefa S.A 
  • Arkray Inc. 
  • Sarstedt AG and Co. KG 
  • Sterilance Medical (Suzhou) Inc.
  • Medline Industries Inc.
  • Intrinsyk LLC

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.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, End Use, Region
Breakup by Type Safety Lancets, Personal Lancets
Breakup by Application Glucose Testing, Haemoglobin Testing, Coagulation Testing, Other Applications
Breakup by End Use Hospitals & Clinics, Home Care Settings, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Becton, Dickinson and Company (NYSE: BDX), Roche Diagnostics Ltd. (SWX: ROG),
Ypsomed Holding AG (SWX: YPSN), B. Braun Melsungen AG, Terumo Corporation
(TYO: 4543), Owen Mumford Ltd, HTL-Strefa S.A, Arkray Inc., Sarstedt AG and Co. KG,
Sterilance Medical (Suzhou) Inc., Medline Industries Inc., Intrinsyk LLC
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
    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 (2017-2021) & Forecast (2022-2027)
    5.2    Global Lancets Market Breakup by Type
        5.2.1    Safety Lancets 
            5.2.1.1    Push-Button Lancets
            5.2.1.2    Pressure-Activated Lancets
        5.2.2    Personal Lancets 
    5.3    Global Lancets Market Breakup by Type: Historical Market (2017-2021) & Forecast (2022-2027)
        5.3.1    Safety Lancets 
            5.3.1.1    Push-Button Lancets
            5.3.1.2    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 (2017-2021) & Forecast (2022-2027)
        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
        5.6.3    Others
    5.7    Global Lancets Market Breakup by End Use: Historical Market (2017-2021) & Forecast (2022-2027)
        5.7.1    Hospitals & Clinics 
        5.7.2    Home Care Settings
        5.7.3    Others
    5.8    Global Lancets Market Breakup by Region
        5.8.1    North America
            5.8.1.1    United States of America
            5.8.1.2    Canada
        5.8.2    Europe
            5.8.2.1    Germany
            5.8.2.2    United Kingdom
            5.8.2.3    France
            5.8.2.4    Italy
            5.8.2.5    Others
        5.8.3    Asia Pacific
            5.8.3.1    China
            5.8.3.2    Japan
            5.8.3.3    India
            5.8.3.4    ASEAN
            5.8.3.5    Others
        5.8.4    Latin America
            5.8.4.1    Brazil
            5.8.4.2    Argentina
            5.8.4.3    Mexico
            5.8.4.4   Others
        5.8.5    Middle East & Africa
            5.8.5.1    Saudi Arabia
            5.8.5.2    United Arab Emirates
            5.8.5.3    Nigeria
            5.8.5.4    South Africa
            5.8.5.5    Others
    5.9     Global Lancets Market Breakup by Region: Historical Market (2017-2021) & Forecast (2022-2027)
        5.9.1    North America
            5.9.1.1    United States of America
            5.9.1.2    Canada
        5.9.2    Europe
            5.9.2.1    Germany
            5.9.2.2    United Kingdom
            5.9.2.3    France
            5.9.2.4    Italy
            5.9.2.5    Others
        5.9.3    Asia Pacific
            5.9.3.1    China
            5.9.3.2    Japan
            5.9.3.3    India
            5.9.3.4    ASEAN
            5.9.3.5    Others
        5.9.4    Latin America
            5.9.4.1    Brazil
            5.9.4.2    Argentina
            5.9.4.3    Mexico
            5.9.4.4   Others
        5.9.5    Middle East & Africa
            5.9.5.1    Saudi Arabia
            5.9.5.2    United Arab Emirates
            5.9.5.3    Nigeria
            5.9.5.4    South Africa
            5.9.5.5    Others
6    SWOT Analysis
    6.1    Overview
    6.2    Strengths
    6.3    Weaknesses
    6.4    Opportunities
    6.5    Threats
7    Porter’s Five Forces Analysis
    7.1    Overview
    7.2    Buyer’s Power
    7.3    Supplier’s Power
    7.4    New Entrants
    7.5    Degree of Rivalry
    7.6    Substitutes
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    Industry Events and Developments

Key Questions Answered in the Report

In 2020, the global lancets market attained a value of nearly USD 850 million.

The market is projected to grow at a CAGR of 12% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 1702.2 million by 2026.

The major drivers of the industry include rising disposable incomes, availability of a big pool of diabetic patients, growing incidences of infectious diseases requiring blood testing for diagnosis and therapy, increased awareness of diabetes treatment, rising demand from the developing regions, increasing geriatric population, and the growing technological advancements.

The key market trend guiding the growth of the lancets industry include the advancements in the technology.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Safety and personal lancets are the major types of lancets in the industry.

Glucose testing, haemoglobin testing, and coagulation testing, among others are the major application segments of the product in the industry.

Hospitals and clinics and home care settings among others are the significant end-uses of lancets in the industry.

The major players in the industry are Becton, Dickinson and Company, Roche Diagnostics Ltd., Ypsomed Holding AG, B. Braun Melsungen AG, Terumo Corporation, Owen Mumford Ltd, HTL-Strefa S.A, Arkray Inc., Sarstedt AG and Co. KG, Sterilance Medical (Suzhou) Inc., Medline Industries Inc., and Intrinsyk LLC.

Analyst Review

The global lancets market attained a value of USD 850 million in 2020, driven by the rising availability of a big pool of diabetic patients and the growing incidences of infectious diseases requiring blood testing for diagnosis and therapy. Aided by the technological advancements, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 12%. The lancets market is projected to reach USD 1702.2 million by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the industry can be segmented into safety and personal lancets. On the basis of application segments, the industry is divided into glucose testing, haemoglobin testing, and coagulation testing, among others. On the basis of end uses, the industry is categorised into hospitals and clinics and home care settings among others. The major regional markets for lancets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Becton, Dickinson and Company, Roche Diagnostics Ltd., Ypsomed Holding AG, B. Braun Melsungen AG, Terumo Corporation, Owen Mumford Ltd, HTL-Strefa S.A, Arkray Inc., Sarstedt AG and Co. KG, Sterilance Medical (Suzhou) Inc., Medline Industries Inc., and Intrinsyk LLC.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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