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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 (2016-2026); 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 2021-2026.

 

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.

 

Key Questions Answered in the Report

  • How has the global lancets market performed in the previous years (2016-2020)?
  • What is the forecast assessment of the lancets market for 2021-2026?
  • What are the major drivers for the historical (2016-2020) and forecast (2021-2026) periods?
  • What are the major constraints for the historical (2016-2020) and forecast (2021-2026) periods?
  • What are the major demand indicators of the global lancets market?
  • Who are the key manufacturers of safety lancets and personal lancets in the global lancets market?
  • What are the import and export trends in the global lancets market?
  • Who are the top importers and exporters of lancets in the lancets market globally?
  • What is the degree of competition in the global lancets market?
  • What are the major events and developments taking place within the lancets market globally?

*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 (2016-2020) & Forecast (2021-2026)
    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 (2016-2020) & Forecast (2021-2026)
        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 (2016-2020) & Forecast (2021-2026)
        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 (2016-2020) & Forecast (2021-2026)
        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 (2016-2020) & Forecast (2021-2026)
        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

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