Global Lancets
Market Report
2024
The Lancets market was valued at USD 2.10 billion in 2022 and will reach USD 5.05 billion by 2030, registering a CAGR of 11.6% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Lancets market was valued at USD 2.10 billion in 2022 and will reach USD 5.05 billion by 2030, registering a CAGR of 11.6% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Lancets Market Sales Revenue 2022 | $ 2.1 Billion |
Global Lancets Market Sales Revenue 2030 | $ 5.05 Billion |
Global Lancets Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.6% |
Market Split by Type |
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Market Split by Application |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Lancets Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A sterile, one-time-use device called a safety lancet draws capillary blood. It has a double-edged blade or needle and looks like a little scalpel. Lancets are widely used to puncture the skin in a manner resembling a finger to obtain blood samples. They are frequently discarded. To detect allergies, safety lancets are also used to prick the skin during testing procedures. Safety lancets are used by diabetic patients since they puncture a little blood artery in their fingers using them. The blood sample is then used to determine the blood glucose level. The lancet needle will probably bend after just one use because it is so little and sensitive. They must be changed after every cut, which makes them quite secure. It consists of two parts: a lancet holder which looks like a small pen and a lancet which is the sharp point or needle placed in the holder.
Market Dynamics of the Lancets:
Driving factor:
The growth of chronic disorders is fuelling market expansion. An increase in the incidence of chronic diseases like diabetes, hyperlipidemia, and dyslipidemia as well as a rise in the popularity of home care diagnostics are the main drivers fuelling the growth of the blood lancets market. The increasing use of lancets for painless blood sugar, cholesterol level, etc. blood components is another factor driving market expansion. The demand for blood lancets is expanding accordingly disposable lancets reduce the risk of infection and blood transfusions like HIV, HCV, and others which minimizes the risk of infections and increases the market expansion.
Due to uncontrolled diabetes as well as other infections older people require continuous monitoring using the lancets. According to the WHO, diabetes is one of the top three causes of death from non-communicable diseases. Due to these rising diseases, the hospital count is also rising as the demand is increasing widely among old age people. Due to this, an increase in the geriatric population drives market growth.
Restraining factor:
The rising cases of needlestick injuries like HIV, HBV, and HCV are likely to restrain the market growth. According to the World Health Organization (WHO), there were 3 million unintentional needlestick injury cases in 2003, which resulted in 37 percent of new HBV cases in HCWs, 39 percent of new HCV cases, and 5.5 percent of new HIV cases. Several nations have adopted legislation governing needlestick injuries and safety-engineered equipment to overcome the issues caused by Needlestick injuries.Impact of the COVID-19 pandemic on the Lancets market:
Due to the increase in the blood collection procedure for detecting the COVID-19 virus, COVID-19 has significantly impacted the Lancet market. For quick blood sample tests, antibody test kits were used by the residentials. A small amount of blood was taken by using the disposable blood lancets and was submitted to labs for results that would be available in some days. The COVID-19 pandemic also had a substantial impact on the growth of blood lancets industries since a considerable number of diabetic individuals worldwide needed to self-diagnose as well as manage their conditions.
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Recent Developments:
March 2023
Astellas and Roche Diabetes Care partner with each other for developing and commercializing Roche Diabetes Care's world-renowned Accu-Chek Guide Me blood glucose monitoring system with progressive accuracy as a combined medical product with BlueStar.
June 2021
For heel incision, three different lancets are available, adapted separately for the different phases of infant development. Mini-collect PIXIE enhances safety during capillary blood collection from the heel and also allows for identifying the puncture site.
Top Companies Market Share in Lancets Industry: (In no particular order of Rank)
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North America had a sizeable portion of the market and is predicted to retain its position throughout the forecast period:
Globally, the Lancets market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. This is a result of the fact that blood lancets are widely available and used in this area. Additionally, the prevalence of diabetes is rising quickly in the U.S. Thus, a rise in the prevalence of diabetes, high cholesterol, and other chronic diseases is predicted to cause the Asia-Pacific area to expand quickly during the projection period. Additionally, the market for Asia-Pacific blood lancets is growing as a result of the increased demand for cutting-edge medical services in developing nations like China and India. Thus, the above-mentioned elements support the expansion of the region's worldwide blood lancets market.
The current report Scope analyzes Lancets Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Lancets Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Lancets Industry growth. Lancets market has been segmented with the help of its Type, Application End User, and others. Lancets market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The push-button safety lancets segment is anticipated to hold the most significant share
By type, the lancets are divided into push-button safety lancets, pressure-activated safety lancets, and side-button safety lancets. The market for safety lancets is anticipated to be driven by rising consumer desire for painless lancets. Improvements in technology, convenience, patient comfort, and the incidence of diabetes are all contributing factors to the rising need for painless lancets. There will be additional developments in painless lancet technology as healthcare technology develops to satisfy the rising demand.
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The glucose testing segment dominated the market with the largest share, in 2022
By application, the lancets market is divided into glucose testing, hemoglobin testing, coagulation testing, cholesterol testing, allergy testing, and others. Due to the rising cases of diabetes including type 1 and type 2 diabetes known as diabetes mellitus and diabetes insipidus the glucose testing segment dominated the market of lancets. This can be due to heavy workloads, insufficient diet, obesity, overweight, and other genetic conditions. The cases of diabetes are rising which drives the growth of the segment.
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The hospital segment is projected to account for the largest share
By end user, the market is divided into hospitals, clinics, diagnostic centers, and home care settings. Due to the increasing count of geriatric population, the demand for hospitals is rising as the population suffers from various diseases due to their old age. The rate of hospitals is increasing widely across the world due to the increasing demand for various tests, including glucose testing, cholesterol testing, allergy testing, hemoglobin testing, and various neonatal screening. The number of hospitals is increasing across the world, which drives the segment growth.
Senior Analyst at Cognitive Market Research
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building. I fulfill data requirements with thorough research and analytics. ME and My research team provide intelligence on industry stats, market structure, company profiles/Competition Analysis, Forecast Mapping, and Recently started providing the COVID-19 Impact Analysis.
Specialties: Industry research, Company analysis, Location Strategy, Tech Research, Change Management, Process Improvement, Peer Group Benchmarking, Startup Ecosystem, Crypto Research, COVID19 Impact Analysis, etc.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Lancets Market is witnessing significant growth in the near future.
In 2023, the Push Button Safety Lancet segment accounted for noticeable share of global Lancets Market and is projected to experience significant growth in the near future.
The Glucose testing segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Greiner Bio-One , Braun SE and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
Type | Push Button Safety Lancet, Pressure Activated Safety Lancet, Side Button Safety Lancet |
Application | Glucose testing, Hemoglobin testing, Coagulation testing, Cholesterol testing, Allergy testing |
End User | Hospitals, Clinics, Diagnostics Centres, Home Care Settings |
List of Competitors | Greiner Bio-One, Hoffman-La Roche Ltd, Braun SE, Abbott Laboratories, Astellas, Terumo Corporation, Tenko Medical System, Bayer AG, HemoCue AB, Improved Medical Technology Co. Ltd |
This chapter will help you gain GLOBAL Market Analysis of Lancets. Further deep in this chapter, you will be able to review Global Lancets Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Lancets market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Push Button Safety Lancet have a significant impact on Lancets market? |
What are the key factors affecting the Push Button Safety Lancet and Pressure Activated Safety Lancet of Lancets Market? |
What is the CAGR/Growth Rate of Glucose testing during the forecast period? |
By type, which segment accounted for largest share of the global Lancets Market? |
Which region is expected to dominate the global Lancets Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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