Specialty Lancets Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

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.

Specialty Lancets Market Report Analysis

Specialty Lancets Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Bayer
• Abbott
• B. Braun
• ARKRAY
• Terumo
• I-SENS
• Nipro
• Omron
• Infopia

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Type

• Length Under 1mm
• Length 1 To 1.5mm
• Length 1.5 To 2mm
• Length Above 2mm

By End Use

• Hospitals
• Blood Donor Centers
• Clinics

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.

Specialty Lancets Market Report Scope