Market Overview:
The global standard lancets market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of diabetes, rising demand for homecare settings, and technological advancements in lancing devices. Based on type, the global standard lancets market is segmented into needle and blade types. The needle type segment is expected to dominate the global standard lancets market during the forecast period owing to its advantages such as easy penetration and less pain as compared to blade types. Based on application, the global standard lancets market is segmented into hospitals and clinics, homecare settings, and others (research laboratories/institutes). The hospitals and clinics segment accounted for majority share of the global standard lancets market in 2017 due to increasing number of hospital admissions for diabetes management across different geographies.
Product Definition:
A standard lancet is a small medical device that is used to prick the skin in order to draw blood. Lancets are often used when testing blood sugar levels, as they can produce a small and consistent wound.
Needle:
The Needle is the most important component of a Lancet. It's used to inject the blood sample into the Test Tube. The size and type of needle varies according to different lancets, but in general it can be said that needles are available in lengths ranging from 1/16 inch to 1 inch with a width range of 0.79mm-1.19mm thick depending on need and preference (more than one type may be used together).
Blade:
The blade is the most prominent component of a lancet. It's used to puncture the skin and allow blood sample to flow into the test tube. The material used for making blades varies according to need, but it is normally made up of stainless steel or titanium alloy.
Titanium based lancets are more expensive as compared to stainless steel ones; however, they are very durable.
Application Insights:
The hospitals and clinics segment dominated the global lancets market in 2017. This is attributed to the increasing prevalence of chronic diseases, such as diabetes, cardiovascular diseases, cancer and respiratory disorders. According to WHO, globally about 1 in 6 deaths occur due to these diseases. Therefore, for diagnosis of disease at its early stages and easy detection, a Lancet Test is required at the initial stage itself. Henceforth this will increase demand for standard lancets during future years.
The homecare settings segment is expected to grow significantly over the forecast period owing to rising geriatric population across various regions coupled with high incidences of chronic conditions that require regular medical checkups or monitoring sessions conducted by healthcare professionals from time to time (i.e., Periodic Health Examination or PHE).
Regional Analysis:
North America dominated the global market in 2017. The presence of sophisticated healthcare infrastructure, high awareness among people about bloodletting and low patient cost are some factors driving the standard lancing devices market in this region. Moreover, North America is a major manufacturing hub for technologically advanced medical products such as lancets and test kits which contributes to its largest share globally.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to increasing prevalence of chronic diseases coupled with growing target population base especially in India & China & Japan etc., will drive growth during the forecast period. Furthermore, government initiatives encouraging R&D activities for developing innovative products are anticipated to fuel regional demand for standard lancing devices over the next eight years (2018-2030).
Growth Factors:
- Increasing prevalence of diabetes and other chronic diseases: The global prevalence of diabetes is expected to increase from 9% in 2013 to 11% by 2030. This will create a larger pool of patients who require regular blood glucose monitoring and treatment, driving demand for standard lancets.
- Technological advancements: Standard lancet manufacturers are constantly innovating their products to make them more user-friendly and accurate. For instance, some newer lancets feature adjustable depth settings that allow users to customize the puncture depth according to their skin type or thickness. This enhances patient comfort and accuracy of blood glucose readings.
- Growing demand for home-based care: There is a growing trend towards home-based care, as patients seek greater convenience and cost savings opportunities. Home-based testing allows patients to monitor their own blood sugar levels without having to go through the hassle of visiting a clinic or hospital every time they need a test done – this can save both time and money for the patient/caregiver relationship . Standard Lancets are an essential part of home-based care regimens, so this growth driver will continue to fuel market expansion in the years ahead .
Scope Of The Report
Report Attributes
Report Details
Report Title
Standard Lancets Market Research Report
By Type
Needle, Blade
By Application
Hospitals and Clinics, Homecare Settings, Others
By Companies
Roche, Lifescan, BD, Bayer, Abbott, B. Braun, ARKRAY, Terumo, I-SENS, Nipro, Omron, Infopia, AgaMatrix, Smiths Medical, Sarstedt, SANNUO, Yicheng, Yuwell, Greiner Bio One, Edan, Narang Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Standard Lancets Market Report Segments:
The global Standard Lancets market is segmented on the basis of:
Types
Needle, Blade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals and Clinics, Homecare Settings, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Roche
- Lifescan
- BD
- Bayer
- Abbott
- B. Braun
- ARKRAY
- Terumo
- I-SENS
- Nipro
- Omron
- Infopia
- AgaMatrix
- Smiths Medical
- Sarstedt
- SANNUO
- Yicheng
- Yuwell
- Greiner Bio One
- Edan
- Narang Medical
Highlights of The Standard Lancets Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Needle
- Blade
- By Application:
- Hospitals and Clinics
- Homecare Settings
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Standard Lancets Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Standard Lancets are medical devices used to measure blood pressure. They have a thin, pointed needle that is inserted into the patient's arm and then inflated with air or saline. The pressure created by the inflation helps to determine the patient's blood pressure.
Some of the major players in the standard lancets market are Roche, Lifescan, BD, Bayer, Abbott, B. Braun, ARKRAY, Terumo, I-SENS, Nipro, Omron, Infopia, AgaMatrix, Smiths Medical, Sarstedt, SANNUO, Yicheng, Yuwell, Greiner Bio One, Edan, Narang Medical.
The standard lancets market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Standard Lancets Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Standard Lancets Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Standard Lancets Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Standard Lancets Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Standard Lancets Market Size & Forecast, 2020-2028
4.5.1 Standard Lancets Market Size and Y-o-Y Growth
4.5.2 Standard Lancets Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Needle
5.2.2 Blade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals and Clinics
6.2.2 Homecare Settings
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Standard Lancets Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Standard Lancets Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Needle
9.6.2 Blade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals and Clinics
9.10.2 Homecare Settings
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Needle
10.6.2 Blade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals and Clinics
10.10.2 Homecare Settings
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Needle
11.6.2 Blade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals and Clinics
11.10.2 Homecare Settings
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Needle
12.6.2 Blade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals and Clinics
12.10.2 Homecare Settings
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Needle
13.6.2 Blade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals and Clinics
13.10.2 Homecare Settings
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Standard Lancets Market: Competitive Dashboard
14.2 Global Standard Lancets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Roche
14.3.2 Lifescan
14.3.3 BD
14.3.4 Bayer
14.3.5 Abbott
14.3.6 B. Braun
14.3.7 ARKRAY
14.3.8 Terumo
14.3.9 I-SENS
14.3.10 Nipro
14.3.11 Omron
14.3.12 Infopia
14.3.13 AgaMatrix
14.3.14 Smiths Medical
14.3.15 Sarstedt
14.3.16 SANNUO
14.3.17 Yicheng
14.3.18 Yuwell
14.3.19 Greiner Bio One
14.3.20 Edan
14.3.21 Narang Medical
