Pen needles arrive in an assortment of needle lengths and breadths and are utilized by wellbeing experts and patients for infusion of an assortment of medicines. They are generally utilized by individuals with diabetes who regularly require various day by day insulin infusions. A lancet on the other hand is a two edged, small blade or surgical knife with a sharp point which has various types like surgical lancet, blood lancet and vaccination lancet. The booming European Medical industry, technological advancement, heavy investment in research and development are some of the key factors that are going to drive the demand for the lancet and pen needles upwards.
The pen needle and lancet market is expected to register a CAGR of 7.9%
Key Players of Lancet and Pen Needles Market:
- Dickinson and Company
- Novo Nordisk
- Ypsomed Holding AG
- Braun Melsungen AG
- HTL-Strefa S.A.
- Terumo Corporation
- Artsana S.p.a, Owen Mumford Ltd
- Allison Medical
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Segmentation by Length:
Segmentation can be done on the basis on length: 4mm, 5mm, 6mm, 8mm, 10mm, 12mm
Segmentation by Therapy:
Segmentation can be done on the basis of Therapy: – Insulin, Hormones and Glucagon-like peptide
Segmentation by End Users:
Segmentation can be done on the basis of End users: Clinics, Hospitals, Medical Institutions
Segmentation Penetration Depth:
Segmentation can be done on the basis of Penetration Depth: 0.8 MM TO 1.0 MM, 1.1 MM TO 1.5 MM, 1.6 MM TO 2.0 MM, 2.1 MM TO 2.5 MM, 2.5 MM TO 3.0 MM
Segmentation can be done on the basis of Gauge: 17/18G, 21G, 23G, 25G, 28G, 30G
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North America is currently one of the leading markets for lancets and pen needles. With an established infrastructure, Technological advancement, heavy investment in research and development and development of new techniques and instruments gives the North American region opportunity to become a leading market for the lancet and pen needle industry. The European medical market is currently booming. The numbers of medical professionals in Europe are increasing steadily. Increasing awareness, rising literacy rate is also going to increase the demand for pen needles and lancet products.
Study Objectives of Lancet and Pen Needles Market:
- To provide detailed analysis of the market structure along with forecast for the next ten years of the various segments and sub-segments of the global Pen Needles and Lancets market.
- To provide insights about factors affecting the market growth.
- To Analyze the Pen Needles and Lancets market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment by Type, Applications, End Users and its sub-segments. To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Pen Needles and Lancets market.
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