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Lancet and Pen Needles Market Size and Share to Project Lucrative CAGR By 2027 | Share Analysis, Trends, Dynamics, Key Players and Global Industry Insights

November 13th, 2019 Market Research Future Releases

Lancet and Pen Needles Market Size, Growth and Trends Analysis By Type (Lancet {Regular Lancets and Safety Lancets} [Push Button Safety Lancet, Pressure Activated Safety Lancet and Side Button Safety Lancet] and Pen Needles {Standard Needles and Safety Needles}), by Application (Insulin, Capillary Blood Sampling, Hormones, Glucose Like Peptide (GLP), Skin Testing and others), End User, Size, Share, Top Key Players

Market Highlights

The Global Lancet and Pen Needles Market size is projected to grow at a CAGR of 10.30% during the forecast period, 2017-2027 says Market Research Future (MRFR). Rising cases of blood infections coupled with increasing focus on the development of drug delivery methods are the major factor affirming growth of lancet and pen needles market. Incidence of contagious diseases is increasing rapidly on a global level, some of these diseases include Hantavirus pulmonary syndrome, HIV/AIDS, Lyme disease, hemolytic uremic syndrome, and others. The need to monitor these diseases along with the requirement of advanced techniques for drug delivery methods associated with the non-contagious diseases such as diabetes mellitus, chronic kidney diseases, lung disease, and some heart diseases are expected to impact the growth of global lancets and pen needle market.

There are over 35 million healthcare workers globally. These workers face an increased risk of infection from blood-borne pathogens simply because of their exposure to blood and other bodily fluids (World Health Organization (WHO)). Infectious disease such as plaque (Black Death) reported an estimated 50 million deaths in the 14th century (WHO).

Request Free Sample Report at:  https://www.marketresearchfuture.com/sample_request/555

Lancet and Pen Needles Market Key Players

Some of the key players in this lancet and pen needles market are

  • Braun Melsungen AG,
  • Terumo Corporation,
  • Becton Dickinson
  • Sanofi
  • Hoffmann-La Roche AG
  • Bayer AG
  • Novo Nordisk A S
  • Eli Lilly and Company
  • Owen Mumford Ltd
  • Medtronic
  • Ypsomed Holding AG
  • Sarstedt AG & Co
  • Greiner Bio One
  • Abbott Laboratories
  • HTL-STREFA S.A
  • Improve Medical
  • UltiMed, Inc.
  • Allison Medical, Inc.
  • Artsana S.p.a.
  • VOGT MEDICAL
  • Perrigo Diabetes Care
  • MedExel Co. Ltd
  • ARKRAY Inc.
  • Simple Diagnostics
  • Stat Medical
  • Terumo
  • Trividia Health

Lancet and Pen Needles Market Segmentation

The global lancet and pen needles market is segmented based on

  • type
  • application
  • end user

By type, the global lancet and pen needles market is segmented into

  • lancets
  • pen needles

The lancet segment is further segmented into

  • safety lancets
  • regular lancets
  • The safety lancets is further sub-segmented into
  • push button safety lancets
  • pressure activated safety lancets
  • side button safety lancets
  • The pen needles is further sub-segmented into
  • standard pen needles
  • safety pen needles

By application, the global lancet and pen needles market is segmented into

  • insulin
  • capillary blood sampling
  • hormones
  • GLP
  • skin testing
  • others

By end users, the global lancet and pen needles market is segmented into

  • hospitals & clinics diagnostic centers & medical institutions
  • home care & home diagnostics
  • research & academic laboratories
  • others

Lancet and Pen Needles Market Regional Insights:

The global lancet and pen needles market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.

Europe dominates the global lancet & pen needles market owing to the increasing prevalence of patients suffering with diabetes. The Europe lancet & pen needles market comprises of Eastern Europe and Western Europe. Western Europe comprises of countries such as Germany, the U.K, France, Italy, and Spain. Moreover, increasing support from the government, presence of huge geriatric population, and high healthcare spending will boost the market growth over the forecast period.

Brows the market data and market information presented through more than 191 market data tables and figures spread over 152 pages of the project report At:  https://www.marketresearchfuture.com/reports/lancet-pen-needles-market-555

The Americas hold the second largest market share in the global lancet and pen needles market owing to the increasing prevalence of patients suffering with contagious and non-contagious diseases. Additionally, increasing prevalence of diabetes and atherosclerosis, high health care spending, well developed technology, and increasing geriatric population will further fuel the growth of the market. On the other hand, risk associated with blood transfusion, reuse of pen needles and infusion sets will slow down the growth of the market. The Americas market for lancet and pen needles is divided into North America and South America. North America holds the major share in the market, whereas, South America shows the fastest growth owing to the presence of huge growth opportunity.

Asia Pacific is the fastest growing market for the global lancet and pen needles. Presence of huge patient population, rapid development in technology, and presence of a huge opportunity for the development of the market drives the growth of Asia Pacific lancet and pen needles market. Also, the government of this region is looking forward to avail better treatment options from developed nations in order to improve the quality of life of their citizens.

On the other hand, the Middle East & Africa holds the least share but will be the fastest growing region in the forecast period. However, due to the presence of poor and slow developing countries, especially, in the African region, it may hold least market share.

Table of Content:

1 Report Prologue
1.1 Increasing Awareness Of Lancet And Pen Needles
1.2 Production Of Lancet And Pen Needles
1.3 FDA Regulation For Lancet

2 Market Introduction
2.1 Introduction
2.2 Scope Of Study
2.3 Research Objective
2.4 Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
2.5 Market Structure

3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation

4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing Prevalence Of Diabetes
4.2.2 Growing Incidence Number Of Contagious And Non-Contagious Diseases
4.2.3 Increasing Inclination Towards Home Healthcare
4.2.4 Improving Medical Device Regulation
4.3 Restraints
4.3.1 Risk Associated With Blood Transfusion
4.3.2 Growing Adoption Of Oral Drug Delivery Systems, Reuse Of Pen Needles And Infusion Sets
4.4 Opportunities
4.5 Mega Trends:
4.6 Macroeconomic Indicators

5 Market Factor Analysis
5.1 Porter’s Five Forces Model
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Value Chain Analysis
5.2.1 R&D
5.2.2 Manufacturing
5.2.3 Distribution & Sales
5.2.4 Post-Sales Monitoring
5.3 Demand & Supply: Gap Analysis
5.4 Pricing Analysis
5.5 Investment Opportunity Analysis

TOC Continued……….

Related Research Report:

  • Safety Lancet Market Research Report Forecast To 2023

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future

Office No. 528, Amanora Chambers

Pune – 411028

Maharashtra, India

Phone: +16468459312

Email: sales@marketresearchfuture.com

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