Safety Lancet Industry Poised for Strong Expansion by 2029

North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa are the regions into which the safety lancet market can be divided.

Safety Lancet Market Overview

The size of the safety lance market was estimated at USD 1.59 billion in 2022, and it is anticipated that overall safety lance revenue will increase by 9.5% between 2023 and 2029, to reach almost USD 2.53 billion.

 

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Safety Lancet Market Scope and Methodology:

The report describes the competitive landscape, identifies key competitors and their market positions, and provides an in-depth overview of the Safety Lancet industry. It also covers new product developments and technological trends in the market. Detailed data on revenue, sales volume, and average prices are provided for the entire Safety Lancet market and its sub-segments benefiting companies, new entrants, and industry-related companies in the Safety Lancet market. Safety Lancet Market analysis identifies current market trends that affect growth and potential.

The report includes both qualitative and quantitative research, with a focus on data interpretation, pattern recognition, and deep understanding. Market segments and sectors are studied using a hierarchical approach that examines the strategies of Safety Lancet industry-leading companies. The report also includes information on import/export activities, market dynamics, values, costs, revenue and gross margins.

Safety Lancet Market Regional Insights

In a regional analysis, the Safety Lancet market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Regions are categorized into countries such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia and South Korea.

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Safety Lancet Market Segmentation

by Type

1. Safety Lancet
1.2 Push Button Lancet
1.3 Pressure activated lancet
1.4 Side Button Lancet
Personal Lancet

The market for safety lancets can be divided into two types: personal lancets and safety lancets. Safety lancets can be further divided into three categories: side button, pressure-activated, and push-button. Because of the growing emphasis on patient safety and lowering the risk of needlestick injuries, the safety lancet segment dominated the safety lancet market in 2022. Safety lancets are made to avoid unintentional pricks and do away with the need for extra tools to get rid of sharp objects. Because of its straightforward design and convenience of use, push-button safety lancets are the most popular kind. With a single button click, the spring-loaded mechanism of these lancets produces a puncture.

by Application

1. Blood Glucose Testing
Hemoglobin Testing
Cholesterol Testing
Coagulation Testing
Other Application

Blood glucose testing, hemoglobin testing, cholesterol testing, coagulation testing, and other applications make up the application-based safety lancet market segmentation. Due to rising global diabetes rates and increased knowledge of self-monitoring blood glucose levels, the blood glucose testing sector leads the market. The demand for lancets for blood glucose testing is anticipated to increase as the number of people with diabetes rises from the current 463 million to 700 million by 2050, according to the International Diabetes Federation.

by End User

2.Hospitals & Clinics
Homecare Settings
Others

The market for safety lancets is divided into end-use segments such as diagnostic centers, home care, hospitals and clinics, and others. Of these, the hospital sector led the market in 2022 and is anticipated to continue to do so for the duration of the projection. Among the causes driving the hospital segment's domination are the rising prevalence of infectious diseases and a sizable patient base with diabetes who need blood testing kits.

Safety Lancet Market Key Players

1. Roche Diagnostics (Basel, Switzerland)
2. Abbott Laboratories (Illinois, United States)
3. Becton, Dickinson and Company (New Jersey, United States)
4. Terumo Medical Corporation (Tokyo, Japan)
5. Cardinal Health, Inc. (Ohio, United States)
6. Greiner Bio-One International GmbH (Frickenhausen, Germany)
7. HTL-STREFA S.A. (Ozorków, Poland)
8. Sarstedt AG & Co. KG (Nümbrecht, Germany)
9. Nipro Corporation (Osaka, Japan)
10.Improve Medical Technology Co. Ltd. (Guangzhou, China)
11.Simple Diagnostics (Florida, United States)
12.Ypsomed AG (Burgdorf, Switzerland)
13.Owen Mumford Ltd. (Oxfordshire, United Kingdom)
14.Arkray Inc. (Kyoto, Japan)
15.Perrigo Company plc (Dublin, Ireland)
16.Smiths Medical (Minnesota, United States)
17.Medline Industries, Inc. (Illinois, United States)
18.Omron Healthcare, Inc. (Kyoto, Japan)
19.F. Hoffmann-La Roche AG (Basel, Switzerland)
20.Trinity Biotech (Bray, Ireland)
21.Accu-Chek (Basel, Switzerland)
22.LifeScan, Inc. (Pennsylvania, United States)
23.Microdot Healthcare (Gyeonggi-do, South Korea)
24.MED TRUST Holding Co. (Riyadh, Saudi Arabia)
25.Nemaura Medical Inc. (Loughborough, United Kingdom)

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Key questions answered in the Safety Lancet Market are:

  • What is Safety Lancet?
  • What was the Safety Lancet market size in 2023?
  • What is the growth rate of the Safety Lancet Market?
  • Which is the fastest-growing region in the Safety Lancet market?
  • Which are the factors expected to drive the Safety Lancet market growth?
  • What is the CAGR at which the Safety Lancet market will grow during the forecast period?
  • What growth strategies are the players considering to increase their presence in Safety Lancet?
  • What are the upcoming opportunities and trends for the Safety Lancet Market?
  • What are the different segments of the Safety Lancet Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Safety Lancet Market?
  • What segments are covered in the Safety Lancet Market?
  • Who are the key players in the Safety Lancet market?
  • Who are the leading companies and what are their portfolios in Safety Lancet Market?

 Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by Different Segment | 2024−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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