Market Overview:
The global replacement 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 awareness about self-monitoring of blood glucose levels, and technological advancements in replacement lancet devices. Based on type, the global replacement lancets market is segmented into replacement needle and replacement blade segments. The replacement needle segment is expected to account for a larger share of the global market than the replacement blade segment during the forecast period. This can be attributed to factors such as ease of use and accuracy offered by replaceable needles over blades. Based on application, the global Replacement Lancets Market is divided into hospital and clinics, diagnostic centers, home diagnostics, and others segments.
Product Definition:
A replacement lancet is a small, pointed needle that is used to prick the skin in order to draw blood. Replacement lancets are important because they help ensure that the person taking the blood sample has a fresh, sharp needle for every use. This helps minimize discomfort and also helps reduce the risk of infection.
Replacement Needle:
A replacement needle is a device used to inject medication into the patient's vein. It is also known as a Luer lock or syringe, and works by causing the sharp point of the needle to break off so that it can be removed after injection. The most common use of replacement needles in hospital settings are for IV (intravenous) medications, blood drawing, and administration of vaccines.
The global Replacement Needle market size spans across two major segments: type.
Replacement Blade:
The replacement blade is a thin, flexible piece of plastic or metal that comes with lancets and it's used to puncture the skin to obtain blood sample. It is replaced after each use so that no contamination takes place. The most commonly used material for making replacement blades are polypropylene and stainless steel but other materials like titanium, aluminum & copper are also used on rare occasions.
Application Insights:
The hospital and clinics application segment led the global replacement lancets market in 2017. This is attributed to increasing prevalence of atrial fibrillation, which requires regular blood tests for monitoring. Moreover, growing awareness about cardiovascular diseases and effective treatment options is further driving growth. Increasing number of hospitals & clinics coupled with rising incidences of target diseases are expected to drive demand over the forecast period.
Increasing adoption of point-of-care testing owing to its convenience along with a rise in patients visiting hospitals & clinics due to various reasons such as illness or accidents is also expected to boost the segment growth over the forecast period. In addition, favorable government regulations regarding reduction in cost associated with diagnostic procedures are anticipated fuel demand for R&D purposes leading thereby augmenting overall industry size through 2030 ¢â‚¬â€œ2030.
Regional Analysis:
North America dominated the global market in 2017. The presence of sophisticated healthcare infrastructure, high awareness levels coupled with rising prevalence of chronic diseases are some major factors responsible for its growth. In addition, increasing demand for home healthcare and remote patient monitoring is also expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving economic conditions and growing population in countries such as India & China which has resulted into increased demand for medical products including lancing devices thus boosting industry growth in this region. Moreover, increasing investments by governments & private firms on R&D activities will also support industry expansion over next eight years (from 2018 to 2030).
Growth Factors:
- Increasing prevalence of diabetes: The global prevalence of diabetes is increasing at an alarming rate. This is expected to drive the demand for replacement lancets in the coming years.
- Technological advancements: Replacement lancets are witnessing rapid technological advancements, which is resulting in their increased adoption by healthcare professionals and patients alike.
- Rising awareness about blood sugar monitoring: There is a growing awareness among people about the importance of blood sugar monitoring and its role in preventing diabetes-related complications. This is likely to boost the demand for replacement lancets in the coming years.
- Growing number of elderly population: The global elderly population (aged 60 years or above) is growing at a fast pace and this will lead to an increase in demand for replacement lancets, as this population segment tends to be more susceptible to various health conditions such as diabetes mellitus and hypertension etc., that require regular blood sugar monitoring . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Replacement Lancets Market Research Report
By Type
Replacement Needle, Replacement Blade
By Application
Hospital and Clinics, Diagnostic Centers, Home Diagnostics, Others
By Companies
Roche, BD, Bayer, Lifescan, B. Braun, Terumo, Nipro, Sarstedt, ARKRAY, Smiths Medical, Owen Mumford, HemoCue, Greiner Bio One
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Replacement Lancets Market Report Segments:
The global Replacement Lancets market is segmented on the basis of:
Types
Replacement Needle, Replacement 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
Hospital and Clinics, Diagnostic Centers, Home Diagnostics, 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
- BD
- Bayer
- Lifescan
- B. Braun
- Terumo
- Nipro
- Sarstedt
- ARKRAY
- Smiths Medical
- Owen Mumford
- HemoCue
- Greiner Bio One
Highlights of The Replacement 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:
- Replacement Needle
- Replacement Blade
- By Application:
- Hospital and Clinics
- Diagnostic Centers
- Home Diagnostics
- 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 Replacement 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?
Replacement Lancets are used to measure blood glucose levels. They are inserted into a vein in the arm and then withdrawn after a few seconds.
Some of the major companies in the replacement lancets market are Roche, BD, Bayer, Lifescan, B. Braun, Terumo, Nipro, Sarstedt, ARKRAY, Smiths Medical, Owen Mumford, HemoCue, Greiner Bio One.
The replacement lancets market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Replacement Lancets Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Replacement Lancets Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Replacement Lancets Market - Supply Chain
4.5. Global Replacement Lancets Market Forecast
4.5.1. Replacement Lancets Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Replacement Lancets Market Size (000 Units) and Y-o-Y Growth
4.5.3. Replacement Lancets Market Absolute $ Opportunity
5. Global Replacement Lancets Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Replacement Lancets Market Size and Volume Forecast by Type
5.3.1. Replacement Needle
5.3.2. Replacement Blade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Replacement Lancets Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Replacement Lancets Market Size and Volume Forecast by Application
6.3.1. Hospital and Clinics
6.3.2. Diagnostic Centers
6.3.3. Home Diagnostics
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Replacement Lancets Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Replacement Lancets Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Replacement Lancets Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Replacement Lancets Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Replacement Lancets Demand Share Forecast, 2019-2026
9. North America Replacement Lancets Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Replacement Lancets Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Replacement Lancets Market Size and Volume Forecast by Application
9.4.1. Hospital and Clinics
9.4.2. Diagnostic Centers
9.4.3. Home Diagnostics
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Replacement Lancets Market Size and Volume Forecast by Type
9.7.1. Replacement Needle
9.7.2. Replacement Blade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Replacement Lancets Demand Share Forecast, 2019-2026
10. Latin America Replacement Lancets Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Replacement Lancets Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Replacement Lancets Market Size and Volume Forecast by Application
10.4.1. Hospital and Clinics
10.4.2. Diagnostic Centers
10.4.3. Home Diagnostics
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Replacement Lancets Market Size and Volume Forecast by Type
10.7.1. Replacement Needle
10.7.2. Replacement Blade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Replacement Lancets Demand Share Forecast, 2019-2026
11. Europe Replacement Lancets Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Replacement Lancets Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Replacement Lancets Market Size and Volume Forecast by Application
11.4.1. Hospital and Clinics
11.4.2. Diagnostic Centers
11.4.3. Home Diagnostics
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Replacement Lancets Market Size and Volume Forecast by Type
11.7.1. Replacement Needle
11.7.2. Replacement Blade
11.8. Basis Point Share (BPS) Analysi by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Replacement Lancets Demand Share, 2019-2026
12. Asia Pacific Replacement Lancets Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Replacement Lancets Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Replacement Lancets Market Size and Volume Forecast by Application
12.4.1. Hospital and Clinics
12.4.2. Diagnostic Centers
12.4.3. Home Diagnostics
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Replacement Lancets Market Size and Volume Forecast by Type
12.7.1. Replacement Needle
12.7.2. Replacement Blade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Replacement Lancets Demand Share, 2019-2026
13. Middle East & Africa Replacement Lancets Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Replacement Lancets Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Replacement Lancets Market Size and Volume Forecast by Application
13.4.1. Hospital and Clinics
13.4.2. Diagnostic Centers
13.4.3. Home Diagnostics
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Replacement Lancets Market Size and Volume Forecast by Type
13.7.1. Replacement Needle
13.7.2. Replacement Blade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Replacement Lancets Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Replacement Lancets Market: Market Share Analysis
14.2. Replacement Lancets Distributors and Customers
14.3. Replacement Lancets Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Roche
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BD
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bayer
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Lifescan
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. B. Braun
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Terumo
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nipro
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sarstedt
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ARKRAY
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Smiths Medical
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Owen Mumford
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. HemoCue
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Greiner Bio One
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
