Specialty Lancets Market Key Players Analysis 2031
Lancets are pricking needles used to obtain drops of blood for testing. Lancets are being increasingly used by patients affected by cardiovascular and endocrine-related complications. These devices are being used for cholesterol and glucose tests, heel stick screening tests, phenylketonuria (PKU) tests in newborns and severely burned or scarred emergency patients, extremely obese patients, and thrombotic-tendency patients. Lancet is made from stainless steel and is sterilized to guarantee maximum safety of patients with great demands of blood examinations. The lancet is very sharp that helps ensure quick, clean, and painless puncture on a sufferer's skin..
MARKET SCOPE
The "Global Specialty Lancets Market Analysis to 2031" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Specialty lancets market with detailed market segmentation by type, end use, and geography. The report provides key statistics on the market status of the leading Specialty lancets market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global Specialty lancets market is segmented into length under 1mm, length 1 to 1.5mm, length 1.5 to 2mm, length above 2mm.
- On the basis of end use, the market is segmented into hospitals, blood donor centers, clinics, others.
MARKET DYNAMICS
Drivers
- Rise in the incidences of diabetes.
- Increasing preference for home healthcare.
- Rise in the cases of infectious diseases.
- Growing awareness about advanced diabetes management.
Restraints
- The risk associated with blood transfusion is the major restraining factor for this market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Specialty lancets market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Specialty lancets market in these regions.
IMPACT OF COVID-19 ON SPECIALTY LANCETS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Specialty lancets market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Specialty lancets market in these regions.
IMPACT OF COVID-19 ON SPECIALTY LANCETS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Specialty lancets market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Specialty lancets market are anticipated to lucrative growth opportunities in the future with the rising demand for Specialty lancets in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Specialty lancets market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bayer
- Abbott
- B. Braun
- ARKRAY
- Terumo
- I-SENS
- Nipro
- Omron
- Infopia
- AgaMatrix
The Insight Partner's dediSpecialty lancetsed research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Specialty Lancets Market - By Type
1.3.2 Specialty Lancets Market - By End Use
1.3.3 Specialty Lancets Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SPECIALTY LANCETS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SPECIALTY LANCETS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SPECIALTY LANCETS MARKET - GLOBAL MARKET ANALYSIS
6.1. SPECIALTY LANCETS - GLOBAL MARKET OVERVIEW
6.2. SPECIALTY LANCETS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. SPECIALTY LANCETS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. LENGTH UNDER 1MM
7.3.1. Overview
7.3.2. Length Under 1mm Market Forecast and Analysis
7.4. LENGTH 1 TO 1.5MM
7.4.1. Overview
7.4.2. Length 1 To 1.5mm Market Forecast and Analysis
7.5. LENGTH 1.5 TO 2MM
7.5.1. Overview
7.5.2. Length 1.5 To 2mm Market Forecast and Analysis
7.6. LENGTH ABOVE 2MM
7.6.1. Overview
7.6.2. Length Above 2mm Market Forecast and Analysis
8. SPECIALTY LANCETS MARKET - REVENUE AND FORECASTS TO 2028 - END USE
8.1. OVERVIEW
8.2. END USE MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. BLOOD DONOR CENTERS
8.4.1. Overview
8.4.2. Blood Donor Centers Market Forecast and Analysis
8.5. CLINICS
8.5.1. Overview
8.5.2. Clinics Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. SPECIALTY LANCETS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Specialty Lancets Market Overview
9.1.2 North America Specialty Lancets Market Forecasts and Analysis
9.1.3 North America Specialty Lancets Market Forecasts and Analysis - By Type
9.1.4 North America Specialty Lancets Market Forecasts and Analysis - By End Use
9.1.5 North America Specialty Lancets Market Forecasts and Analysis - By Countries
9.1.5.1 United States Specialty Lancets Market
9.1.5.1.1 United States Specialty Lancets Market by Type
9.1.5.1.2 United States Specialty Lancets Market by End Use
9.1.5.2 Canada Specialty Lancets Market
9.1.5.2.1 Canada Specialty Lancets Market by Type
9.1.5.2.2 Canada Specialty Lancets Market by End Use
9.1.5.3 Mexico Specialty Lancets Market
9.1.5.3.1 Mexico Specialty Lancets Market by Type
9.1.5.3.2 Mexico Specialty Lancets Market by End Use
9.2. EUROPE
9.2.1 Europe Specialty Lancets Market Overview
9.2.2 Europe Specialty Lancets Market Forecasts and Analysis
9.2.3 Europe Specialty Lancets Market Forecasts and Analysis - By Type
9.2.4 Europe Specialty Lancets Market Forecasts and Analysis - By End Use
9.2.5 Europe Specialty Lancets Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Specialty Lancets Market
9.2.5.1.1 Germany Specialty Lancets Market by Type
9.2.5.1.2 Germany Specialty Lancets Market by End Use
9.2.5.2 France Specialty Lancets Market
9.2.5.2.1 France Specialty Lancets Market by Type
9.2.5.2.2 France Specialty Lancets Market by End Use
9.2.5.3 Italy Specialty Lancets Market
9.2.5.3.1 Italy Specialty Lancets Market by Type
9.2.5.3.2 Italy Specialty Lancets Market by End Use
9.2.5.4 Spain Specialty Lancets Market
9.2.5.4.1 Spain Specialty Lancets Market by Type
9.2.5.4.2 Spain Specialty Lancets Market by End Use
9.2.5.5 United Kingdom Specialty Lancets Market
9.2.5.5.1 United Kingdom Specialty Lancets Market by Type
9.2.5.5.2 United Kingdom Specialty Lancets Market by End Use
9.2.5.6 Rest of Europe Specialty Lancets Market
9.2.5.6.1 Rest of Europe Specialty Lancets Market by Type
9.2.5.6.2 Rest of Europe Specialty Lancets Market by End Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Specialty Lancets Market Overview
9.3.2 Asia-Pacific Specialty Lancets Market Forecasts and Analysis
9.3.3 Asia-Pacific Specialty Lancets Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Specialty Lancets Market Forecasts and Analysis - By End Use
9.3.5 Asia-Pacific Specialty Lancets Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Specialty Lancets Market
9.3.5.1.1 Australia Specialty Lancets Market by Type
9.3.5.1.2 Australia Specialty Lancets Market by End Use
9.3.5.2 China Specialty Lancets Market
9.3.5.2.1 China Specialty Lancets Market by Type
9.3.5.2.2 China Specialty Lancets Market by End Use
9.3.5.3 India Specialty Lancets Market
9.3.5.3.1 India Specialty Lancets Market by Type
9.3.5.3.2 India Specialty Lancets Market by End Use
9.3.5.4 Japan Specialty Lancets Market
9.3.5.4.1 Japan Specialty Lancets Market by Type
9.3.5.4.2 Japan Specialty Lancets Market by End Use
9.3.5.5 South Korea Specialty Lancets Market
9.3.5.5.1 South Korea Specialty Lancets Market by Type
9.3.5.5.2 South Korea Specialty Lancets Market by End Use
9.3.5.6 Rest of Asia-Pacific Specialty Lancets Market
9.3.5.6.1 Rest of Asia-Pacific Specialty Lancets Market by Type
9.3.5.6.2 Rest of Asia-Pacific Specialty Lancets Market by End Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Specialty Lancets Market Overview
9.4.2 Middle East and Africa Specialty Lancets Market Forecasts and Analysis
9.4.3 Middle East and Africa Specialty Lancets Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Specialty Lancets Market Forecasts and Analysis - By End Use
9.4.5 Middle East and Africa Specialty Lancets Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Specialty Lancets Market
9.4.5.1.1 South Africa Specialty Lancets Market by Type
9.4.5.1.2 South Africa Specialty Lancets Market by End Use
9.4.5.2 Saudi Arabia Specialty Lancets Market
9.4.5.2.1 Saudi Arabia Specialty Lancets Market by Type
9.4.5.2.2 Saudi Arabia Specialty Lancets Market by End Use
9.4.5.3 U.A.E Specialty Lancets Market
9.4.5.3.1 U.A.E Specialty Lancets Market by Type
9.4.5.3.2 U.A.E Specialty Lancets Market by End Use
9.4.5.4 Rest of Middle East and Africa Specialty Lancets Market
9.4.5.4.1 Rest of Middle East and Africa Specialty Lancets Market by Type
9.4.5.4.2 Rest of Middle East and Africa Specialty Lancets Market by End Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Specialty Lancets Market Overview
9.5.2 South and Central America Specialty Lancets Market Forecasts and Analysis
9.5.3 South and Central America Specialty Lancets Market Forecasts and Analysis - By Type
9.5.4 South and Central America Specialty Lancets Market Forecasts and Analysis - By End Use
9.5.5 South and Central America Specialty Lancets Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Specialty Lancets Market
9.5.5.1.1 Brazil Specialty Lancets Market by Type
9.5.5.1.2 Brazil Specialty Lancets Market by End Use
9.5.5.2 Argentina Specialty Lancets Market
9.5.5.2.1 Argentina Specialty Lancets Market by Type
9.5.5.2.2 Argentina Specialty Lancets Market by End Use
9.5.5.3 Rest of South and Central America Specialty Lancets Market
9.5.5.3.1 Rest of South and Central America Specialty Lancets Market by Type
9.5.5.3.2 Rest of South and Central America Specialty Lancets Market by End Use
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL SPECIALTY LANCETS MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. SPECIALTY LANCETS MARKET, KEY COMPANY PROFILES
12.1. BAYER
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ABBOTT
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. B. BRAUN
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. ARKRAY
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. TERUMO
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. I SENS
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. NIPRO
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. OMRON
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. INFOPIA
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. AGAMATRIX
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Bayer
2. Abbott
3. B. Braun
4. ARKRAY
5. Terumo
6. I-SENS
7. Nipro
8. Omron
9. Infopia
10. AgaMatrix
11. Smiths Medical
12. Sarstedt
13. SANNUO
14. Yicheng
15. Yuwell
16. Greiner Bio One
17. Edan
18. Narang Medical
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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