Lancet Market Overview
A lancet is a small finger-pricking device used to obtain small blood samples by making punctures, such as a fingerstick. Lancets are mostly disposable. Some "lancet holders," on the other hand, are meant to be used multiple times. The global Lancet market is expected to grow at a considerable rate in the forthcoming years.
The rise in the incidence of diabetes, high cholesterol, and other chronic diseases boosts the usage of lancets. This key factor is majorly contributing to the growth of the global Lancet market. According to World Health Organization, Diabetes is a major cause of blindness, kidney failure, heart attacks, stroke, and lower limb amputation. Between 2000 and 2016, there was a 5% increase in premature mortality from diabetes. In 2023, diabetes was the ninth leading cause of death with an estimated 1.5 million deaths directly caused by diabetes.
On the other hand, an increase in cases of needlestick injury (NSI) is projected to hinder the usage of safety lancets.
| 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, End-user, 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 | F. Hoffmann-La Roche AG, Becton, Dickinson and Company, Terumo Medical Corporation, Bayer AG, HTL-STREFA S.A., Sarstedt AG & Co, Improve Medical Technology Co. Ltd., Abbott Laboratories, Greiner Bio-One International GmbH, Tenko Medical System, HemoCue AB. |
Covid-19 Impact on Lancet Market
In addition, the current Lancet 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 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 Market Segment Overview
Based on Type, the Standard Lancets segment holds the largest share in the global Lancet market. It is a traditional device. Safety lancets, on the other hand, are gaining popularity since they lower the risk of infection and prevent accidental pricks. This high-speed device ensures a minimal prickling sensation while taking enough blood for testing. According to End-user, Diagnostic Centers is one of the major segments in the global market. Lancets are used to collect capillary blood. The segment is driven by a growth in demand for diagnostic services, increased insurance penetration, and increased public awareness about disease early detection.
Lancet Market, By Type
- Safety Lancets
- Push-Button Safety Lancet
- Pressure Activated Safety Lancet
- Side Button Safety Lancet
- Standard Lancets
Lancet Market, By End-user
· Hospitals & Clinics
· Diagnostic Centers
· Home Care
· Others
Lancet Market Regional Overview
Region-Wise, North America is at the forefront and is predicted to continue to retain its lead position through the forecast period. Companies' key strategies for ensuring growth in the lancet market in North America are investments, and new product introductions. The region's large market share is due to a high prevalence of diseases and a well-established healthcare infrastructure that allows for proper diagnosis. Diabetes is diagnosed using Lancets. On the other hand, Asia Pacific is predicted to be a promising market for lancets. In Asia Pacific countries, the number of people with diabetes, particularly type 2 diabetes, has risen dramatically during the previous few decades.
Lancet 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 Market, Key Players
· F. Hoffmann-La Roche AG
· Becton, Dickinson and Company
· Terumo Medical Corporation
· Bayer AG
· HTL-STREFA S.A.
· Sarstedt AG & Co
· Improve Medical Technology Co. Ltd.
· Abbott Laboratories
· Greiner Bio-One International GmbH
· Tenko Medical System
· HemoCue AB
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Lancet market?
Rise in incidence of diabetes, high cholesterol, and other chronic diseases boost the usage of lancets. This key factor is majorly contributing towards the growth of the global Lancet market.
Q2. Which Segments are covered in the global Lancet market report?
Type, End-user, and Region. these segments are covered in the global Lancet market report
Q3. Which segment is projected to hold the largest share in the global Lancet market?
Standard Lancets segments are projected to hold the largest share in the global Lancet market
Q4. Which region holds the largest share in the global Lancet market?
North America held the largest share in the global Lancet market
Q5. Which are the prominent players in the global Lancet market?
F. Hoffmann-La Roche AG, Becton, Dickinson and Company, Terumo Medical Corporation, Bayer AG, HTL-STREFA S.A., Sarstedt AG & Co, Improve Medical Technology Co. Ltd., Abbott Laboratories, Greiner Bio-One International GmbH, Tenko Medical System, HemoCue AB. are some key players in the global Lancet 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 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. Safety Lancets
- 5.2.1.1. Push Button Safety Lancet
- 5.2.1.2. Pressure Activated Safety Lancet
- 5.2.1.3. Side Button Safety Lancet
- 5.2.2. Standard Lancets
- 5.2.1. Safety Lancets
- 5.3. Market Analysis, Insights and Forecast – By End-user
- 5.3.1. Hospitals & Clinics
- 5.3.2. Diagnostic Centers
- 5.3.3. Home Care
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Lancet 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. Safety Lancets
- 6.2.1.1. Push Button Safety Lancet
- 6.2.1.2. Pressure Activated Safety Lancet
- 6.2.1.3. Side Button Safety Lancet
- 6.2.2. Standard Lancets
- 6.2.1. Safety Lancets
- 6.3. Market Analysis, Insights and Forecast – By End-user
- 6.3.1. Hospitals & Clinics
- 6.3.2. Diagnostic Centers
- 6.3.3. Home Care
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Lancet 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. Safety Lancets
- 7.2.1.1. Push Button Safety Lancet
- 7.2.1.2. Pressure Activated Safety Lancet
- 7.2.1.3. Side Button Safety Lancet
- 7.2.2. Standard Lancets
- 7.2.1. Safety Lancets
- 7.3. Market Analysis, Insights and Forecast – By End-user
- 7.3.1. Hospitals & Clinics
- 7.3.2. Diagnostic Centers
- 7.3.3. Home Care
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Lancet 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. Safety Lancets
- 8.2.1.1. Push Button Safety Lancet
- 8.2.1.2. Pressure Activated Safety Lancet
- 8.2.1.3. Side Button Safety Lancet
- 8.2.2. Standard Lancets
- 8.2.1. Safety Lancets
- 8.3. Market Analysis, Insights and Forecast – By End-user
- 8.3.1. Hospitals & Clinics
- 8.3.2. Diagnostic Centers
- 8.3.3. Home Care
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Lancet 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. Safety Lancets
- 9.2.1.1. Push Button Safety Lancet
- 9.2.1.2. Pressure Activated Safety Lancet
- 9.2.1.3. Side Button Safety Lancet
- 9.2.2. Standard Lancets
- 9.2.1. Safety Lancets
- 9.3. Market Analysis, Insights and Forecast – By End-user
- 9.3.1. Hospitals & Clinics
- 9.3.2. Diagnostic Centers
- 9.3.3. Home Care
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. F. Hoffmann-La Roche AG
- 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. Becton, Dickinson and Company
- 10.6. Terumo Medical Corporation
- 10.7. Bayer AG
- 10.8. HTL-STREFA S.A.
- 10.9. Sarstedt AG & Co
- 10.10. Improve Medical Technology Co. Ltd.
- 10.11. Abbott Laboratories
- 10.12. Greiner Bio-One International GmbH
- 10.13. Tenko Medical System
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
