Data Bridge Market Research recently conducted an extensive market intelligence study, thoroughly examining the Lancet and Pen Needles Market. Their latest report features an engaging layout, leveraging visually captivating tables, graphs, charts, and figures to present pivotal data.

The Lancet and Pen Needles market research report stands as a testament to the expertise and capabilities of a proficient team. Within this comprehensive report, large-scale data collection modules and thorough base year analysis are employed, utilizing robust market statistical models for data analysis and forecasting. This exhaustive analysis sheds light on various facets of the ABC industry and market, covering crucial topics such as market definition, segmentation, competitive analysis, and research methodology.

The concerted efforts and integrated methodologies culminate in an outstanding market research report that significantly influences business decision-making processes. This all-encompassing Lancet and Pen Needles marketing report not only defines the market landscape but also delves into aspects like currency and pricing, market overview, premium insights, key market dynamics, and detailed company profiles of major players. The profiles of key market competitors provide insights into their company snapshots, geographical presence, product portfolios, and recent advancements.

For businesses aiming to secure a competitive edge in this rapidly evolving market, opting for the Lancet and Pen Needles market research report is highly recommended. It offers a multitude of benefits conducive to fostering a thriving business in this dynamic landscape.

 

Global lancet and pen needles market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 4,929.75 billion by 2028 growing at a CAGR of 9.33% in the above-mentioned forecast period. 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.

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Pen needle is a product used to inject a medicine with the help of pen injectors and helpful while using injectable medicines. Lancet is a device that is mainly comprised of a holder and a sharp pinpoint needle that is held by using the holder. Lancet is used to take blood samples for blood sugar. Lancets and pen needles are manufactured for providing comfort. It also provides an alternative for the delivery of modern medicine in the body of the subject.

Key Growth Drivers:

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.

Lancet and pen needles market is facing a continuous challenge, which is the practice of used pen needles. 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 during the forecast period of 2021-2028.

The report outlines the involvement of key players, including:

BD, Novo Nordisk A/S,  Ypsomed Holding AG, B. Braun Melsungen AG, HTL-STREFA S.A.,  GlucoRx, ARKRAY, Inc.,  UltiMed, Inc., Owen Mumford Ltd., Allison Medical, Inc., Terumo Corporation, Artsana S.p.a, Sanofi, Eli Lilly and Company., Rimidi Inc., Lonza, Abbott Laboratories, Perrigo Diabetes Care, SARSTEDT AG & Co. KG, MedExel Co., Ltd,  Greiner Bio-One International GmbH, and Gerresheimer AG among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Key Market Segmentation

Lancet and Pen Needles Market, By Type (Lancet, Pen Needles), Length (4mm, 5mm, 6mm, 8mm, 10mm and 12mm),  Therapy (Insulin, GLP-1, Growth, Hormone Therapy, Glucose Like Peptide (GLP) and Skin Testing),  Mode of Purchase (Retail and Non-retail),  End User (Hospitals & Clinics, Diagnostic Centers & Medical Institutions, Home Care & Home Diagnostics and Research & Academic Laboratories), Gauge (17/18G, 21G, 23G, 25G, 28G and 30G), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa)

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