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Safety lancet Market - Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players Acuron Products, Sterimed Group, Improve Medical Technology Co. Ltd., Ribbel International Ltd., HTL-STREFA S.A.

06 Jun, 2022 | 117 Pages
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Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Safety lancet Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 12.4% during the review period (2022 to 2027).



Safety lancet Market Overview



Some other major drivers expected to fuel this market's growth are the growing prevalence of diabetes, high growth of insulin users and rising incidence rate of contagious and non-contagious diseases. Also the safety lancets are being used for heel-stick screening tests, diabetes, glucose test, tests in infants, and scarred emergency patients or brutally burned patients which is also fueling the market growth in the above-mentioned forecast period.



The high growth prospects in emerging countries as well as the increasing demand and need for safe blood glucose tests in hospitals, clinics and diagnostics centers will further accelerate the expansion of the safety lancet market and are also are offering significant growth opportunities for the market in the forecast period of 2021 to 2028. However, the high risk of needle stick injuries and poor reimbursement scenario in developing countries will restrict the growth of the safety lancet market. In contrast, the reuse of lancets can challenge the development of the safety lancet market.



Industry News:



NARANG MEDICAL LIMITED - ON A FAST GROWTH SPREE IN INTERNATIONAL MARKETS



Narang Medical Limited (NML) has covered a long journey in short time. Incorporated in 1989, the company has risen to No. 1 spot within 25 years and is today recognized as 'India's best source to import' when it comes to hospital furniture and orthopedic implants.





What are the major Applications, Types and Regions for Safety lancet Market?



By Type, it is segmented into




  • Spring Loaded Safety Lancet

  • Push Button Safety Lancet

  • Pressure Activated Safety Lancet

  • Others




  • By Applications

  • Hospitals and Clinics

  • Diagnostic Centers

  • Pathology Laboratories

  • Home Diagnostics

  • Other   



Safety lancet Market Regional Analysis



North America accounted for a major market share in 2018 and is anticipated to continue this trend during the forecast period. This is attributed to vigorous use and ease of availability of blood lancets in this region. In addition, the incidence of diabetes is increasing at a considerable rate in the U.S. For instance, according to the Center for Disease Control and Prevention, more than 100 million U.S. adults are now living with diabetes or prediabetes. Diabetes was the seventh leading cause of death in the U.S. in 2015. However, Asia-Pacific is anticipated to experience rapid growth during the forecast period, owing to rise in incidence of diabetes, high cholesterol, and other chronic disease. Moreover, an increase in demand for advanced healthcare services in the emerging economies such as India and China, is the major factor driving the growth of the Asia-Pacific blood lancets market. Thus, the factors aforementioned contribute to global blood lancets market growth in the region.



All these factors greatly affect the Safety lancet Market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





The Safety lancet Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Safety lancet Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Safety lancet Market report scope?



 



































































 



Report Attributes



 



 



 



Report Details



 



Forecast Period 2022 to 2028 CAGR



 



 




  • CAGR of 12.4 % during the review period (2022 to 2027).



 



By Type



 




  • Spring Loaded Safety Lancet

  • Push Button Safety Lancet

  • Pressure Activated Safety Lancet

  • Others



 



By Applications



 




  • Hospitals and Clinics

  • Diagnostic Centers

  • Pathology Laboratories

  • Home Diagnostics

  • Other



 



 



 



By Companies



 



 



Acuron Products, Sterimed Group, Improve Medical Technology Co. Ltd., Ribbel International Ltd., HTL-STREFA S.A., Narang Medical Limited, Panjiva, Roche, HICKS THERMOMETERS (INDIA) LTD, Bayer AG, Terumo, Amkay Products, Becton Dickinson, Global Surgimed Industries



 



 



Regions Covered



 



 




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



 



 



 



 



 



 



 



 



Countries Covered



 




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



 



Base Year



 



 



 



2022



 



Historical Year



 



 



 



2017 to 2021



 



Forecast Year



 



 



 



2022 to 2027



Number of Pages



 



117



 Customization Available



 



 



 Yes, the report can be customized as per your needs




 



Key Takeaways from this Healthcare IT Report




  • Evaluate Safety lancet Market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.

  • Analyze the sales and distribution channels across geographies to enhance top-line revenues.

  • Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Safety lancet Market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.



All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.



Frequently Asked Questions



What is the study period of this market?



The Safety lancet Market is studied from 2017 - 2027.



What is the growth rate of Safety lancet Market?



The Safety lancet Market is growing at a CAGR of 12.4% over the next 5 years.



Who are the key players in Safety lancet Market?



Acuron Products, Sterimed Group, Improve Medical Technology Co. Ltd., Ribbel International Ltd., HTL-STREFA S.A., Narang Medical Limited, Panjiva, Roche, HICKS THERMOMETERS (INDIA) LTD, Bayer AG, Terumo, Amkay Products, Becton Dickinson, Global Surgimed Industries



What region does this Safety lancet Market report covers?



North America (the United States, Canada, and Mexico)



Europe (Germany, France, UK, Russia, and Italy)



Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)



South America (Brazil, Argentina, Colombia, etc.)



The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



What are the significant types of Safety lancet Market?




  • Spring Loaded Safety Lancet, Push Button Safety Lancet, Pressure Activated Safety Lancet, Others



What are the major Applications of Safety lancet Market?



Hospitals and Clinics, Diagnostic Centers, Pathology Laboratories, Home Diagnostics, Other


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL SAFETY LANCET MARKET BY APPLICATION

    3. GLOBAL SAFETY LANCET MARKET BY TYPES



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASED DEMAND FROM APPLICATIONS

      2. INCREASING DEMAND FOR SAFETY LANCET



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST OF RAW MATERIAL



    3. OPPORTUNITIES

      1. SAFETY LANCET GROWTH

      2. APPLICATION OF SAFETY LANCET



    4. IMPACT OF COVID 19



  5. GLOBAL SAFETY LANCET MARKET, BY TYPES

    1. INTRODUCTION

    2. SPRING LOADED SAFETY LANCET

    3. PUSH BUTTON SAFETY LANCET

    4. PRESSURE ACTIVATED SAFETY LANCET

    5. OTHERS

    6. OTHERS



  6. GLOBAL SAFETY LANCET MARKET, BY APPLICATION

    1. INTRODUCTION

    2. HOSPITALS AND CLINICS

    3. DIAGNOSTIC CENTERS

    4. PATHOLOGY LABORATORIES

    5. HOME DIAGNOSTICS

    6. OTHER

    7. OTHER



  7. GLOBAL SAFETY LANCET MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. ACURON PRODUCTS

      2. STERIMED GROUP

      3. IMPROVE MEDICAL TECHNOLOGY CO. LTD.

      4. RIBBEL INTERNATIONAL LTD.

      5. HTL-STREFA S.A.

      6. NARANG MEDICAL LIMITED

      7. PANJIVA

      8. ROCHE

      9. HICKS THERMOMETERS (INDIA) LTD

      10. BAYER AG

      11. TERUMO

      12. AMKAY PRODUCTS

      13. BECTON DICKINSON

      14. GLOBAL SURGIMED INDUSTRIES

      15. OTHERS





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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