Press release
Lancing Devices & Lancets Market is projected to reach a market value of USD 1.15 Bn by 2029, growing at a CAGR of 5.7 percent during the forecast period. In 2021, it valued at USD 0.73 Bn.
Lancing Devices & Lancets Market
The report delves into the revenue impact of the COVID-19 pandemic on market leaders, followers, and disruptors. It presents an analysis of the market landscape, highlighting key players, and provides a forecast of market values. The study examines various factors that contribute to the growth and limitations of the lancing devices & lancets market.
The research methodology employed for this report is robust and reliable. To gain accurate insights, the revenue impact of the COVID-19 pandemic on market leaders, followers, and disruptors has been analyzed and reflected in the report. The study encompasses a comprehensive analysis of the market, including key players, market size, and emerging trends. For a detailed understanding of the research methodology, interested parties can request a free sample report.
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What are Lancing Devices & Lancets Market Dynamics?
The lancing devices and lancets market has been experiencing dynamic growth and evolution in recent years. Lancing devices are medical devices used to obtain a blood sample for diagnostic purposes, typically in glucose monitoring for diabetes management. Lancets, on the other hand, are small, sharp needles that are used in conjunction with lancing devices to pierce the skin and draw blood.
Several key dynamics are driving the growth and development of the lancing devices and lancets market. First and foremost, the increasing prevalence of diabetes worldwide has significantly boosted the demand for these devices. As diabetes continues to rise, particularly in developing countries, there is a growing need for efficient and convenient blood glucose monitoring solutions, which has fueled the demand for lancing devices and lancets.
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What are Lancing Devices & Lancets Market Insights?
In Europe, the lancing devices & lancets market holds the second-largest share. This can be attributed to the growing research and development (R&D) activities aimed at developing new prescriptions and treatments for various medical conditions. Furthermore, there has been a rapid change in the lifestyle of the population, leading to an increased need for healthcare devices and products, including lancing devices and lancets. Among the leading companies in the global lancing devices & lancets market, Terumo Corporation launched a new surgical sealant called AQUABRID in Europe and the Middle East and Africa (MEA) markets in January 2021. The product, initially introduced in Japan under the brand name Hydrofit in 2014, quickly gained market share due to its unique properties.
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What is Lancing Devices & Lancets Market Segmentation?
By Product:
• Professional Lancets
o Pressure-activated Lancets
o Push-button Lancets
o Side-button Lancets
• Personal Lancets
By End User:
• Hospitals
• Clinics
• Home Settings
• Others
By Application:
• Glucose Testing
• Hemoglobin Testing
• Cholesterol Testing
• Coagulation Testing
• Others
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Who are Lancing Devices & Lancets Market Key Players?
• Terumo Corporation
• B. Braun Melsungen AG
• Becton Dickinson
• Gerresheimer AG
• F. Hoffmann-La Roche AG
• Sanofi
• Bayer AG
• Eli Lilly and Company
• Novo Nordisk A/S Owen Mumford Ltd
• Medtronic
• Ypsomed Holding AG
• Sarstedt AG & Co
• Greiner Bio One
• Abbott Laboratories
• HTL-STREFA S.A
• LifeScan
• Roche
• Panasonic
• ARKRAY
• I-SENS
• Nipro
• AgaMatrix
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Table of content for the Lancing Devices & Lancets Market includes:
Global Lancing Devices & Lancets Market: Research Methodology
Global Lancing Devices & Lancets Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Lancing Devices & Lancets Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Lancing Devices & Lancets Market Segmentation
Global Market, by Product (2021-2029)
Global Market, by End User (2021-2029)
Global Market, by Application (2021-2029)
Regional Lancing Devices & Lancets Market (2021-2029)
Global Market, by Product (2021-2029)
Global Market, by End User (2021-2029)
Global Market, by Application (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product, End User and Application
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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