Lancets Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Lancets Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : September, 2019 | Medical Devices | PPT format

Report Digest


Global Lancets Market: Overview

Lancets are a thin needle used to pierce the skin, primarily for diabetes. The lancet market is gaining popularity over the years and expected to grow at a staggering rate in the following years. It falls under medical device category and is a boon to the medical sector.

Hospitals are projected to create a huge demand for lancets to cater to large number of in and out patients, owing to the substantial growth in the global lancets market during the forecast period.

TMR Research report sheds some lights about the market trends, share, size during the forecast period. The report also shares detailed insights on geographical outlook, growth and restraints of the global lancets market.

Global Lancets Market: Key Developments

Some of the key developments that have taken place in the global lancet market are as given below:

  • In February 2019, Roche entered a merger to acquire Spark Therapeutics, the pioneer in gene therapies. The aim of both the companies is to broaden the avenues for gene therapy, cover more diseases under gene therapies and eradicate the gene based diseases.
  • In 2018, Investindustrial acquired one of the prominent companies HTL-STREFA to expand the services of catering to diabetes patients across the globe.

Some of the most prominent competitors operating in the competitive landscape of lancets market include –

  • Roche Diagnostics (Switzerland)
  • B. Braun Melsungen (Germany)
  • Own Mumford (UK)
  • Terumo Corporation (Japan)
  • SteriLance Medical (Suzhou) (China)
  • Sarstedt (German)
  • ARKRAY (Japan)

All these companies offer lancets to end users such as pharmacies, hospitals, clinics, and home users.

Global Lancets Market: Key Trends

Prevalence of Diabetes to Surge Lancets Market

Rising occurrence of diabetes is expected to drive the global lancets market during the forecast period. Gestational diabetes among pregnant women, rising geriatric population are expected to expand the market.

Additionally, rising number of infectious diseases are projected to drive the global lancets market during the forecast periods. Rapid changes in lifestyle results in disease such as diabetes, thus owing in the growth of the lancets market. Further, rising awareness, easy to use, easy accessibility are some of the few other factors that are projected to aid in the growth of the global lancets market during the forecast period.

On the basis of product, the global lancet market is segmented into safety lancet and personal lancet. Safety lancet is further divided into pressure activated safety lancets, side button safety lancets, and push button safety lancets.

The injuries resulting from the use of lancets due to lack of knowledge about the use is anticipated to hamper the growth of the global lancets market.

Nevertheless, the huge demand from various end users such as clinics, hospitals, and homes are projected to expand the global lancets market in the future. Also growing advances in healthcare sector is projected to drive the lancets market towards a robust growth in the next few years.

Global Lancets Market: Geographical Analysis

 Lancets market is divided into five key regions namely, South America, North America, Europe, Asia Pacific, and Middle East and Africa. However, Asia Pacific is projected to dominate the global lancets market over the forecast period. The major growth can be expected from India and China, this is mainly due to rising populations, fast paced economic growth, and rising awareness about diabetes are some of the factors that are expected to drive the global lancets market. Currently, North America holds the highest growth in the global lancets market. The growth in this region can be attributed technologically advanced devices and rising old population. 

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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