Lancet and Pen Needles Market Overview
Individuals and medical professionals should only use Lancet and Pen Needles once before discarding them. These lancet needles pens can be used to collect blood in order to screen for hormonal abnormalities.
The market for Lancet and Pen Needles is experiencing rapid expansion due to two factors. One is that people aren't dying as young as they formerly were. Diabetes, also known as "the deadly sweet disease," is being diagnosed in an increasing number of these people. The fact that diseases that are carried in and transmitted through the blood are growing more and more frequently over the world is another issue.
Lancet needle pens are becoming more popular around the world for a variety of reasons, prompting producers to invest considerably in research and development. This has allowed them to develop a new generation of more effective and strong lancets and needle pens that function using cutting-edge technology. There is also another consequence of this. Its goal has been to keep patients safe in the hospital, clinic, and home health care settings. These patients can also benefit from better healthcare provided by healthcare practitioners.
On the other hand, there is a chance that the person receiving the blood transfusion will become infected. In addition, an increasing number of hospitals, clinics, and healthcare facilities are turning to orally administered medications. Finally, unlike their predecessors, the new generation of Lancet and Pen Needles can be used multiple times.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, Application, End-Use, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Terumo Corporation, Beacon Dickinson, Sanofi, F. Hoffmann-LaRoche, Bayer A.G., Novo Nordisk A.S., Eli Lily and company, Owen Mumford LTD, Medtronic, Greiner Bio-one, Abbott laboratories, HTL - Strefa SA, Improve medical. |
Covid-19 Impact on Lancet and Pen Needles Market
In addition, the current Lancet and Pen Needles Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Lancet and Pen Needles Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Lancet and Pen Needles Market Segment Overview
Based on Application, Insulin is one of the most prominent segments in the global Lancet and Pen Needles Market. Insulin is a hormone produced by the pancreas, a gland behind the stomach. Insulin enables the body to use glucose as a source of energy. Glucose is a sugar that can be found in a variety of carbohydrates. Insulin also helps in the regulation of blood glucose levels. Insulin tells the body to store excess glucose in the liver when there is too much glucose in the bloodstream. The glucose that has been stored is not released until blood glucose levels drop. When the body is stressed or requires an extra boost of energy, blood glucose levels may drop between meals.
Lancet and Pen Needles Market, By Type
· Lancets
· Needle pens
Lancet and Pen Needles Market, By Application
· Insulin
· A sampling of blood in the capillaries
· Checking hormonal levels in the blood
· Checking blood-sugar levels
· Other
Lancet and Pen Needles Market, By End User
· Hospitals and clinics
· Diagnostic centers and medical institutions
· Home care and home diagnostics
· Research and academic labs
Lancet and Pen Needles Market Regional Overview
In terms of geography, the global Lancet and Pen Needles market is classified into North America, South America, Europe, Asia Pacific, and Middle East & Africa. Europe has the largest market share for lancet and pen needles. The reason for this is that diabetes is becoming increasingly prevalent throughout Europe. European countries are also investing significantly more in their national healthcare systems. Finally, in this part of the world, the norms and regulations governing lancets and pen needles are very stringent.
North America has the second-largest market share for lancet and pen needles. The main reason for this is that the number of persons infected with infectious and non-contagious diseases is increasing in this region. Many more people are becoming diabetic, suffering from various forms of cardiovascular ailments, a growing older population that is living longer, increased healthcare spending, and better technology are all contributing to this region's growing diabetes population.
The CAGR in the Asia-Pacific area is predicted to be the highest. The reason for this is that there is a large demand for these devices and equipment. Because India and China have such enormous populations, this is a significant amount. Many of the economies in this part of the world are booming. As a result, technological development is advancing at a breakneck speed. Because diabetes and heart disease are becoming more common, there are numerous prospects for developing more effective and technologically advanced devices.
Lancet and Pen Needles Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Lancet and Pen Needles Market, Key Players
· Terumo Corporation
· Beacon Dickinson
· Sanofi
· F. Hoffmann-LaRoche
· Bayer A.G.
· Novo Nordisk A.S.
· Eli Lily and company
· Owen Mumford LTD
· Medtronic
· Greiner Bio-one
· Abbott laboratories
· HTL - Strefa SA
· Improve medical
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Lancet and Pen Needles market?
The fact that diseases that are carried in and transmitted through the blood are growing more and more frequent over the world. This is one of the reasons to rise the growth of the market
Q2. What are the restraining factors for the global Lancet and Pen Needles market?
There is a chance that the person receiving the blood transfusion will become infected. In addition, an increasing number of hospitals, clinics, and healthcare facilities are turning to orally administered medications. These factors limit the market’s growth
Q3. Which segment is projected to hold the largest share in the global Lancet and Pen Needles market?
The insulin segment is projected to hold the largest share in the global Lancet and Pen Needles market.
Q4. Which region holds the largest share in the global Lancet and Pen Needles market?
Europe holds the largest share in the global Lancet and Pen Needles market
Q5. Which are the prominent players in the global Lancet and Pen Needles market?
Terumo Corporation, Beacon Dickinson, Sanofi, F. Hoffmann-LaRoche, Bayer A.G., Novo Nordisk A.S., Eli Lily and company, Owen Mumford LTD, Medtronic, Greiner Bio-one, Abbott laboratories, HTL - Strefa SA, Improve medical. are some key players in the global Lancet and Pen Needles market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Lancet and Pen Needles Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Lancets
- 5.2.2. Needle pens
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Insulin
- 5.3.2. A sampling of blood in the capillaries
- 5.3.3. Checking hormonal levels in the blood
- 5.3.4. Checking blood-sugar levels
- 5.3.5. Other
- 5.4. Market Analysis, Insights and Forecast – By End User
- 5.4.1. Hospitals and clinics
- 5.4.2. Diagnostic centers and medical institutions
- 5.4.3. Home care and home diagnostics
- 5.4.4. Research and academic labs
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Lancet and Pen Needles Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Lancets
- 6.2.2. Needle pens
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Insulin
- 6.3.2. A sampling of blood in the capillaries
- 6.3.3. Checking hormonal levels in the blood
- 6.3.4. Checking blood-sugar levels
- 6.3.5. Other
- 6.4. Market Analysis, Insights and Forecast – By End User
- 6.4.1. Hospitals and clinics
- 6.4.2. Diagnostic centers and medical institutions
- 6.4.3. Home care and home diagnostics
- 6.4.4. Research and academic labs
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Lancet and Pen Needles Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Lancets
- 7.2.2. Needle pens
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Insulin
- 7.3.2. A sampling of blood in the capillaries
- 7.3.3. Checking hormonal levels in the blood
- 7.3.4. Checking blood-sugar levels
- 7.3.5. Other
- 7.4. Market Analysis, Insights and Forecast – By End User
- 7.4.1. Hospitals and clinics
- 7.4.2. Diagnostic centers and medical institutions
- 7.4.3. Home care and home diagnostics
- 7.4.4. Research and academic labs
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Lancet and Pen Needles Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Lancets
- 8.2.2. Needle pens
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Insulin
- 8.3.2. A sampling of blood in the capillaries
- 8.3.3. Checking hormonal levels in the blood
- 8.3.4. Checking blood-sugar levels
- 8.3.5. Other
- 8.4. Market Analysis, Insights and Forecast – By End User
- 8.4.1. Hospitals and clinics
- 8.4.2. Diagnostic centers and medical institutions
- 8.4.3. Home care and home diagnostics
- 8.4.4. Research and academic labs
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Lancet and Pen Needles Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Lancets
- 9.2.2. Needle pens
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Insulin
- 9.3.2. A sampling of blood in the capillaries
- 9.3.3. Checking hormonal levels in the blood
- 9.3.4. Checking blood-sugar levels
- 9.3.5. Other
- 9.4. Market Analysis, Insights and Forecast – By End User
- 9.4.1. Hospitals and clinics
- 9.4.2. Diagnostic centers and medical institutions
- 9.4.3. Home care and home diagnostics
- 9.4.4. Research and academic labs
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Terumo Corporation
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Beacon Dickinson
- 10.6. Sanofi
- 10.7. F. Hoffmann-LaRoche
- 10.8. Bayer A.G.
- 10.9. Novo Nordisk A.S.
- 10.10. Eli Lily and company
- 10.11. Owen Mumford LTD
- 10.12. Medtronic
- 10.13. Greiner Bio-one
- 10.14. Abbott laboratories
- 10.15. HTL - Strefa SA
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
