Global Lancet Pen Needles Market size was valued at USD 2.05 Bn. in 2022 and the total Lancet Pen Needles revenue is expected to grow by 10.51 % from 2023 to 2029, reaching nearly USD 4.13 Bn.
Lancet Pen Needles Market Overview:
The Lancet Pen Needles Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Lancet Pen Needles Market, as well as the causes for variances in the industry’s growth in various places.
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Lancet Pen Needles Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Lancet Pen Needles Market Drivers:
Increasing number of diabetes cases worldwide, with sedentary lifestyles, unhealthy eating habits, and ageing populations. This surge in diabetes cases has led to a growing demand for lancet pen needles. For instance, the International Diabetes Federation predicts that the global diabetic population is expected to reach 700 million by 2045, which creates a substantial need for lancet pen needles.
Technological advancements in lancet pen needle designs have played a crucial role in driving market growth. These innovations include the development of ultra-thin needles, improved safety features, and compatibility with various insulin delivery systems.
For example, the introduction of pen needles with adjustable depths and built-in safety mechanisms has significantly enhanced patient comfort and safety during blood sampling and insulin injection procedures. The Lancet Pen Needle market is driven by the increasing prevalence of diabetes globally, the rising adoption of lancet pen needles for blood glucose monitoring, and the continuous advancements in lancet pen needle technology. These factors, along with the growing demand for painless and convenient blood sampling methods and the expanding geriatric population with increased healthcare expenditure, are fueling the growth of the market.
Lancet Pen Needles Market Segmentation:
by Product
Regular Lancets
Safety Lancets
by Type
4mm
5mm
6mm
8mm
by Application
21G
23G
25G
28G
30G
by End-User
Hospitals and Clinics
Diagnostic Centers
Medical Institutions
Home Diagnostics
Research And Academic Labs
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Lancet Pen Needles Market Key Players: The key players are
1. Allison Medical Inc.
2. Arkray Inc.
3. Becton, and Company (BD)
4. Braun Melsungen AG
5. Gerresheimer AG
6. HTL-STREFA S.A.
7. Lonza
8. MedExel Co., Ltd.
9. Medtronic plc
10. Novo Nordisk A/S
11. Owen Mumford Ltd.
12. Perrigo Diabetes Care
13. SARSTEDT AG & Co. KG,
14. Terumo Corporation
15. Trividia Health Inc.
16. Rimidi Inc.
17. UltiMed, Inc.
18. Ypsomed AG
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Lancet Pen Needles Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Lancet Pen Needles Market Report are:
- Which sub-segment had the largest share in the Lancet Pen Needles Market?
- How is the competitive landscape of the Lancet Pen Needles Market in 2023?
- Which are the key drivers impacting the Lancet Pen Needles Market growth?
- Which region holds the maximum share in the Lancet Pen Needles Market?
- What will be the CAGR of the Lancet Pen Needles Market during the forecast period (2023-2029)?
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