Sterile Lancets Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Sterile Lancets Market covers analysis By Product (Conventional Sterile Lancets, Safety Sterile Lancets); Application (Diabetes, Other Diseases); Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies); End User (Hospitals & Clinics, Blood Banks, Homecare, Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPMD00002262
  • Category : Medical Device
  • Status : Upcoming
  • No. of Pages : 150
Inquire Before Buy

PRICING

$5190

$4671

MARKET OVERVIEW

Sterile lancets refer to the single-use disposable needles used in blood sampling by producing punctures on the skin. These lancets can be used by various types, including the use of lancets independently or with the help of a lancing device that supports the lancet in place at the time of skin pricking. Patients with diabetes commonly see the sterile lancets to check their blood glucose levels or blood sample collection. These lancets are beneficial as they offer security against accidental infection and needlestick injuries.

MARKET SCOPE

The "Global Sterile Lancets Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sterile lancets market with detailed market segmentation by product, application, distribution channel, end user, and geography. The report provides key statistics on the market status of the leading sterile lancets market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •   Based on product, the global sterile lancets market is segmented into conventional sterile lancets and safety sterile lancets
  •   Based on application, the market is bifurcated into diabetes and other diseases.
  •   Based on distribution channel, the market is bifurcated into hospital pharmacies, retail pharmacies and online pharmacies
  •   Based on end user, the market is bifurcated into hospitals & clinics, blood banks, homecare, others.
    ?

MARKET DYNAMICS
Drivers

  •   Increasing number of patients suffering with diabetes
  •   Adoption of home-based healthcare
  •   Stringent regulatory regulation for safe injection practices
  •   Easy availability of the needles at low prices

Restraints

  •   Low awareness regarding homecare lancet in developing countries

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The sterile lancets market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the sterile lancets market in these regions.

IMPACT OF COVID-19 ON STERILE LANCETS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. The outbreak of the COVID19 pandemic will result in higher demand for sterile lancets. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
?

World Geography

Have a question?

Analyst

Akshay

Akshay will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst   Speak to Analyst
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The sterile lancets market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the sterile lancets market in these regions.

IMPACT OF COVID-19 ON STERILE LANCETS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. The outbreak of the COVID19 pandemic will result in higher demand for sterile lancets. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
?

MARKET PLAYERS

The report covers key developments in the sterile lancets market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from sterile lancets market are anticipated to lucrative growth opportunities in the future with the rising demand for sterile lancets in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sterile lancets market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   BD
  •   F. Hoffmann-La Roche Ltd
  •   Nipro Corporation
  •   Ypsomed AG
  •   Sanofi
  •   Abbott
  •   B. Braun Melsungen AG
  •   Terumo Corporation
  •   Allison Medical, Inc.
  •   Menarini Diagnostics

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Sterile Lancets Market - By Product
1.3.2 Sterile Lancets Market - By Application
1.3.3 Sterile Lancets Market - By Distribution Channel
1.3.4 Sterile Lancets Market - By End User
1.3.5 Sterile Lancets Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. STERILE LANCETS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. STERILE LANCETS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. STERILE LANCETS MARKET - GLOBAL MARKET ANALYSIS
6.1. STERILE LANCETS - GLOBAL MARKET OVERVIEW
6.2. STERILE LANCETS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. STERILE LANCETS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. CONVENTIONAL STERILE LANCETS
7.3.1. Overview
7.3.2. Conventional Sterile Lancets Market Forecast and Analysis
7.4. SAFETY STERILE LANCETS
7.4.1. Overview
7.4.2. Safety Sterile Lancets Market Forecast and Analysis
8. STERILE LANCETS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. DIABETES
8.3.1. Overview
8.3.2. Diabetes Market Forecast and Analysis
8.4. OTHER DISEASES
8.4.1. Overview
8.4.2. Other Diseases Market Forecast and Analysis
9. STERILE LANCETS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. HOSPITAL PHARMACIES
9.3.1. Overview
9.3.2. Hospital Pharmacies Market Forecast and Analysis
9.4. RETAIL PHARMACIES
9.4.1. Overview
9.4.2. Retail Pharmacies Market Forecast and Analysis
9.5. ONLINE PHARMACIES
9.5.1. Overview
9.5.2. Online Pharmacies Market Forecast and Analysis
10. STERILE LANCETS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. HOSPITALS AND CLINICS
10.3.1. Overview
10.3.2. Hospitals and Clinics Market Forecast and Analysis
10.4. BLOOD BANKS
10.4.1. Overview
10.4.2. Blood Banks Market Forecast and Analysis
10.5. HOMECARE
10.5.1. Overview
10.5.2. Homecare Market Forecast and Analysis
10.6. OTHERS
10.6.1. Overview
10.6.2. Others Market Forecast and Analysis
11. STERILE LANCETS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Sterile Lancets Market Overview
11.1.2 North America Sterile Lancets Market Forecasts and Analysis
11.1.3 North America Sterile Lancets Market Forecasts and Analysis - By Product
11.1.4 North America Sterile Lancets Market Forecasts and Analysis - By Application
11.1.5 North America Sterile Lancets Market Forecasts and Analysis - By Distribution Channel
11.1.6 North America Sterile Lancets Market Forecasts and Analysis - By End User
11.1.7 North America Sterile Lancets Market Forecasts and Analysis - By Countries
11.1.7.1 United States Sterile Lancets Market
11.1.7.1.1 United States Sterile Lancets Market by Product
11.1.7.1.2 United States Sterile Lancets Market by Application
11.1.7.1.3 United States Sterile Lancets Market by Distribution Channel
11.1.7.1.4 United States Sterile Lancets Market by End User
11.1.7.2 Canada Sterile Lancets Market
11.1.7.2.1 Canada Sterile Lancets Market by Product
11.1.7.2.2 Canada Sterile Lancets Market by Application
11.1.7.2.3 Canada Sterile Lancets Market by Distribution Channel
11.1.7.2.4 Canada Sterile Lancets Market by End User
11.1.7.3 Mexico Sterile Lancets Market
11.1.7.3.1 Mexico Sterile Lancets Market by Product
11.1.7.3.2 Mexico Sterile Lancets Market by Application
11.1.7.3.3 Mexico Sterile Lancets Market by Distribution Channel
11.1.7.3.4 Mexico Sterile Lancets Market by End User
11.2. EUROPE
11.2.1 Europe Sterile Lancets Market Overview
11.2.2 Europe Sterile Lancets Market Forecasts and Analysis
11.2.3 Europe Sterile Lancets Market Forecasts and Analysis - By Product
11.2.4 Europe Sterile Lancets Market Forecasts and Analysis - By Application
11.2.5 Europe Sterile Lancets Market Forecasts and Analysis - By Distribution Channel
11.2.6 Europe Sterile Lancets Market Forecasts and Analysis - By End User
11.2.7 Europe Sterile Lancets Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Sterile Lancets Market
11.2.7.1.1 Germany Sterile Lancets Market by Product
11.2.7.1.2 Germany Sterile Lancets Market by Application
11.2.7.1.3 Germany Sterile Lancets Market by Distribution Channel
11.2.7.1.4 Germany Sterile Lancets Market by End User
11.2.7.2 France Sterile Lancets Market
11.2.7.2.1 France Sterile Lancets Market by Product
11.2.7.2.2 France Sterile Lancets Market by Application
11.2.7.2.3 France Sterile Lancets Market by Distribution Channel
11.2.7.2.4 France Sterile Lancets Market by End User
11.2.7.3 Italy Sterile Lancets Market
11.2.7.3.1 Italy Sterile Lancets Market by Product
11.2.7.3.2 Italy Sterile Lancets Market by Application
11.2.7.3.3 Italy Sterile Lancets Market by Distribution Channel
11.2.7.3.4 Italy Sterile Lancets Market by End User
11.2.7.4 Spain Sterile Lancets Market
11.2.7.4.1 Spain Sterile Lancets Market by Product
11.2.7.4.2 Spain Sterile Lancets Market by Application
11.2.7.4.3 Spain Sterile Lancets Market by Distribution Channel
11.2.7.4.4 Spain Sterile Lancets Market by End User
11.2.7.5 United Kingdom Sterile Lancets Market
11.2.7.5.1 United Kingdom Sterile Lancets Market by Product
11.2.7.5.2 United Kingdom Sterile Lancets Market by Application
11.2.7.5.3 United Kingdom Sterile Lancets Market by Distribution Channel
11.2.7.5.4 United Kingdom Sterile Lancets Market by End User
11.2.7.6 Rest of Europe Sterile Lancets Market
11.2.7.6.1 Rest of Europe Sterile Lancets Market by Product
11.2.7.6.2 Rest of Europe Sterile Lancets Market by Application
11.2.7.6.3 Rest of Europe Sterile Lancets Market by Distribution Channel
11.2.7.6.4 Rest of Europe Sterile Lancets Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Sterile Lancets Market Overview
11.3.2 Asia-Pacific Sterile Lancets Market Forecasts and Analysis
11.3.3 Asia-Pacific Sterile Lancets Market Forecasts and Analysis - By Product
11.3.4 Asia-Pacific Sterile Lancets Market Forecasts and Analysis - By Application
11.3.5 Asia-Pacific Sterile Lancets Market Forecasts and Analysis - By Distribution Channel
11.3.6 Asia-Pacific Sterile Lancets Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Sterile Lancets Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Sterile Lancets Market
11.3.7.1.1 Australia Sterile Lancets Market by Product
11.3.7.1.2 Australia Sterile Lancets Market by Application
11.3.7.1.3 Australia Sterile Lancets Market by Distribution Channel
11.3.7.1.4 Australia Sterile Lancets Market by End User
11.3.7.2 China Sterile Lancets Market
11.3.7.2.1 China Sterile Lancets Market by Product
11.3.7.2.2 China Sterile Lancets Market by Application
11.3.7.2.3 China Sterile Lancets Market by Distribution Channel
11.3.7.2.4 China Sterile Lancets Market by End User
11.3.7.3 India Sterile Lancets Market
11.3.7.3.1 India Sterile Lancets Market by Product
11.3.7.3.2 India Sterile Lancets Market by Application
11.3.7.3.3 India Sterile Lancets Market by Distribution Channel
11.3.7.3.4 India Sterile Lancets Market by End User
11.3.7.4 Japan Sterile Lancets Market
11.3.7.4.1 Japan Sterile Lancets Market by Product
11.3.7.4.2 Japan Sterile Lancets Market by Application
11.3.7.4.3 Japan Sterile Lancets Market by Distribution Channel
11.3.7.4.4 Japan Sterile Lancets Market by End User
11.3.7.5 South Korea Sterile Lancets Market
11.3.7.5.1 South Korea Sterile Lancets Market by Product
11.3.7.5.2 South Korea Sterile Lancets Market by Application
11.3.7.5.3 South Korea Sterile Lancets Market by Distribution Channel
11.3.7.5.4 South Korea Sterile Lancets Market by End User
11.3.7.6 Rest of Asia-Pacific Sterile Lancets Market
11.3.7.6.1 Rest of Asia-Pacific Sterile Lancets Market by Product
11.3.7.6.2 Rest of Asia-Pacific Sterile Lancets Market by Application
11.3.7.6.3 Rest of Asia-Pacific Sterile Lancets Market by Distribution Channel
11.3.7.6.4 Rest of Asia-Pacific Sterile Lancets Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Sterile Lancets Market Overview
11.4.2 Middle East and Africa Sterile Lancets Market Forecasts and Analysis
11.4.3 Middle East and Africa Sterile Lancets Market Forecasts and Analysis - By Product
11.4.4 Middle East and Africa Sterile Lancets Market Forecasts and Analysis - By Application
11.4.5 Middle East and Africa Sterile Lancets Market Forecasts and Analysis - By Distribution Channel
11.4.6 Middle East and Africa Sterile Lancets Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Sterile Lancets Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Sterile Lancets Market
11.4.7.1.1 South Africa Sterile Lancets Market by Product
11.4.7.1.2 South Africa Sterile Lancets Market by Application
11.4.7.1.3 South Africa Sterile Lancets Market by Distribution Channel
11.4.7.1.4 South Africa Sterile Lancets Market by End User
11.4.7.2 Saudi Arabia Sterile Lancets Market
11.4.7.2.1 Saudi Arabia Sterile Lancets Market by Product
11.4.7.2.2 Saudi Arabia Sterile Lancets Market by Application
11.4.7.2.3 Saudi Arabia Sterile Lancets Market by Distribution Channel
11.4.7.2.4 Saudi Arabia Sterile Lancets Market by End User
11.4.7.3 U.A.E Sterile Lancets Market
11.4.7.3.1 U.A.E Sterile Lancets Market by Product
11.4.7.3.2 U.A.E Sterile Lancets Market by Application
11.4.7.3.3 U.A.E Sterile Lancets Market by Distribution Channel
11.4.7.3.4 U.A.E Sterile Lancets Market by End User
11.4.7.4 Rest of Middle East and Africa Sterile Lancets Market
11.4.7.4.1 Rest of Middle East and Africa Sterile Lancets Market by Product
11.4.7.4.2 Rest of Middle East and Africa Sterile Lancets Market by Application
11.4.7.4.3 Rest of Middle East and Africa Sterile Lancets Market by Distribution Channel
11.4.7.4.4 Rest of Middle East and Africa Sterile Lancets Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Sterile Lancets Market Overview
11.5.2 South and Central America Sterile Lancets Market Forecasts and Analysis
11.5.3 South and Central America Sterile Lancets Market Forecasts and Analysis - By Product
11.5.4 South and Central America Sterile Lancets Market Forecasts and Analysis - By Application
11.5.5 South and Central America Sterile Lancets Market Forecasts and Analysis - By Distribution Channel
11.5.6 South and Central America Sterile Lancets Market Forecasts and Analysis - By End User
11.5.7 South and Central America Sterile Lancets Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Sterile Lancets Market
11.5.7.1.1 Brazil Sterile Lancets Market by Product
11.5.7.1.2 Brazil Sterile Lancets Market by Application
11.5.7.1.3 Brazil Sterile Lancets Market by Distribution Channel
11.5.7.1.4 Brazil Sterile Lancets Market by End User
11.5.7.2 Argentina Sterile Lancets Market
11.5.7.2.1 Argentina Sterile Lancets Market by Product
11.5.7.2.2 Argentina Sterile Lancets Market by Application
11.5.7.2.3 Argentina Sterile Lancets Market by Distribution Channel
11.5.7.2.4 Argentina Sterile Lancets Market by End User
11.5.7.3 Rest of South and Central America Sterile Lancets Market
11.5.7.3.1 Rest of South and Central America Sterile Lancets Market by Product
11.5.7.3.2 Rest of South and Central America Sterile Lancets Market by Application
11.5.7.3.3 Rest of South and Central America Sterile Lancets Market by Distribution Channel
11.5.7.3.4 Rest of South and Central America Sterile Lancets Market by End User
12. IMPACT OF COVID-19 PANDEMIC ON GLOBAL STERILE LANCETS MARKET
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 Middle East and Africa
12.5 South and Central America
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. STERILE LANCETS MARKET, KEY COMPANY PROFILES
14.1. BD
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. F. HOFFMANN-LA ROCHE LTD
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. NIPRO CORPORATION
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. YPSOMED AG
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. SANOFI
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. ABBOTT
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. B. BRAUN MELSUNGEN AG
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. TERUMO CORPORATION
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. ALLISON MEDICAL, INC.
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. MENARINI DIAGNOSTICS
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
The List of Companies

1. BD
2. F. Hoffmann-La Roche Ltd
3. Nipro Corporation
4. Ypsomed AG
5. Sanofi
6. Abbott
7. B. Braun Melsungen AG
8. Terumo Corporation
9. Allison Medical, Inc.
10. Menarini Diagnostics
11. Acon Diabetes Care
12. Lobeck Medical AG
13. Sterimed
14. Amkay Products Pvt. Ltd.
15. Bound Tree Medical

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Sterile Lancets Market