The Global Lancet And Pen Needles Market is estimated to exhibit a CAGR of 9.75% during the forecast period of 2021-2028. The growing awareness amongst the people and patients regarding the benefits associated with the usage of lancet and pen needles has been directly impacting the growth of lancet and pen needles market. However, the increasing graph of oral drug usage and some of the major risks which are related to blood transfusion is the main restraint in the growth of the lancet and pen needles market.
Global Lancet and Pen Needles Market Scenario
According to Data Bridge Market Research, the lancet and pen needles market will exhibit a significant rise in its market value. An increase in patients with diabetes and blood-related diseases is the main driving factor in the growth of the lancet and pen needles market. Growing awareness of healthcare and medical equipment among the population is the main opportunity for the lancet and pen needles market.
Currently, Europe dominates the global lancet and pen needles market in terms of market share and market revenue owing to the rising cases of diabetes and encouraged usage of injecting medicines.
Now the question is which are the other regions that the global lancet and pen needles market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific owing to the large number of population and increasing awareness of lancets and pen needles.
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Scope of the Lancet and Pen Needles Market
The global lancet and pen needles market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
- The global lancet and pen needles market is further segmented on the basis of type into lancet and pen needles. Based on length, the lancet and pen needles market is segmented into 4mm, 5mm, 6mm, 8mm, 10mm and 12mm. On basis of therapy, the lancet and pen needles market is segmented into insulin, GLP-1, growth, hormone therapy, glucose like peptide (GLP) and skin testing. Based on mode of purchase, the lancet and pen needles market is segmented into retail and non-retail. Based on end user, the lancet and pen needles market is segmented into hospitals and clinics, diagnostic canters and medical institutions, home care and home diagnostics and research and academic laboratories. Based on gauge, the lancet and pen needles market is segmented into 17/18G, 21G, 23G, 25G, 28G and 30G.
- Pen needles the needles that are used to inject medicines. This is done with the help of pen injectors. A lancet is a small medical device that is used to collect blood samples.
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Key Pointers Covered in the Lancet and Pen Needles Market Industry Trends and Forecast to 2028
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Regulatory Framework and Changes
- Prices and Reimbursement Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
Key Market Competitors Covered in the Lancet and Pen Needles Market report
- Novo Nordisk A/S
- Ypsomed Holding AG
- B. Braun Melsungen AG
- HTL-STREFA S.A.
- ARKRAY, Inc.
- UltiMed, Inc.
- Owen Mumford Ltd.
- Allison Medical, Inc.
- Terumo Corporation
- Artsana S.p.a
- Eli Lilly and Company.
- Rimidi Inc.
- Abbott Laboratories
- Perrigo Diabetes Care
- SARSTEDT AG & Co. KG
- MedExel Co., Ltd
- Greiner Bio-One International GmbH
- Gerresheimer AG
Above are the key players covered in the report, to know about more and exhaustive list of lancet and pen needles market companies contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-lancet-and-pen-needles-market
Research Methodology: Global Lancet and Pen Needles Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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