Lancet Trends and Forecast
The future of the global lancet market looks promising with opportunities in the hospital & clinic, diagnostic center & pathology laboratory, home diagnostic, and research & academic laboratory markets. The global lancet market is expected to reach an estimated $3.8 billion by 2030 with a CAGR of 9.1% from 2024 to 2030. The major drivers for this market are increasing incidence of diabetes, rise in increase in contagious and non-contagious diseases, and growing adoption of self monitoring devices.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Lancet by Segment
The study includes a forecast for the global lancet by type, age group, application, end use, and region.
Lancet Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Safety Lancet
• Push Button Safety Lancet
• Pressure Activated Safety Lancet
• Side Button Safety Lancet
• Personal Lancet
Lancet Market by Age Group [Shipment Analysis by Value from 2018 to 2030]:
• Adult
• Pediatrics
Lancet Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Glucose Testing
• Hemoglobin Testing
• Coagulation Testing
• Cholesterol Testing
• Allergy Testing
• Neonatal Screening
• Others
Lancet Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Hospitals & Clinics
• Diagnostic Centers & Pathology Laboratories
• Home Diagnostics
• Research & Academic Laboratories
Lancet Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Lancet Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies lancet companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the lancet companies profiled in this report include-
• Becton Dickinson and Company
• Bayer AG
• F. Hoffmann-La Roche
• B. Braun
• Abbott Laboratories
• Greiner Bio-One
• Terumo
Lancet Market Insights
Lucintel forecasts that safety lancet will remain the largest segment over the forecast period due to ease of availability, affordability, as well as the ease of loading and removing the needle.
Within this market, hospital & clinic will remain the largest segment due to rising rates of infectious disease cases and growing number of people with diabetes.
North America will remain the largest region over the forecast period due to expanding knowledge about new technologies and the rising incidence of long-term illnesses.
Features of the Global Lancet Market
Market Size Estimates: Lancet market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Lancet market size by various segments, such as by type, age group, application, end use, and region in terms of value ($B).
Regional Analysis: Lancet market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, age groups, applications, end uses, and regions for the lancet market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the lancet market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the lancet market size?
Answer: The global lancet market is expected to reach an estimated $3.8 billion by 2030.
Q2. What is the growth forecast for lancet market?
Answer: The global lancet market is expected to grow with a CAGR of 9.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the lancet market?
Answer: The major drivers for this market are increasing incidence of diabetes, rise in increase in contagious and non-contagious diseases, and growing adoption of self monitoring devices.
Q4. What are the major segments for lancet market?
Answer: The future of the lancet market looks promising with opportunities in the hospital & clinic, diagnostic center & pathology laboratory, home diagnostic, and research & academic laboratory markets.
Q5. Who are the key lancet market companies?
Answer: Some of the key lancet companies are as follows:
• Becton Dickinson and Company
• Bayer AG
• F. Hoffmann-La Roche
• B. Braun
• Abbott Laboratories
• Greiner Bio-One
• Terumo
Q6. Which lancet market segment will be the largest in future?
Answer: Lucintel forecasts that safety lancet will remain the largest segment over the forecast period due to ease of availability, affordability, as well as the ease of loading and removing the needle.
Q7. In lancet market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to expanding knowledge about new technologies and the rising incidence of long-term illnesses.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the lancet market by type (safety lancet, push button safety lancet, pressure activated safety lancet, side button safety lancet, and personal lancet), age group (adult and pediatrics), application (glucose testing, hemoglobin testing, coagulation testing, cholesterol testing, allergy testing, neonatal screening, and others), end use (hospitals & clinics, diagnostic centers & pathology laboratories, home diagnostics, and research & academic laboratories), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Lancet Market, Lancet Market Size, Lancet Market Growth, Lancet Market Analysis, Lancet Market Report, Lancet Market Share, Lancet Market Trends, Lancet Market Forecast, Lancet Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.