Safety Lancet Market size was valued at USD 1.59 Bn in 2022 and the total Safety Lancet revenue is expected to grow by 9.5 % from 2023 to 2029, reaching nearly USD 2.53 Bn.

Safety Lancet Market Scope 

MMR's research provides a comprehensive overview of the Safety Lancet market, identifying the leading global companies based on factors such as volume, value, market share, strategies, and industry growth. The research also offers strategies for existing and new market entrants, and is expected to help businesses improve their market position. The report includes market revenue by region and country, as well as segmentation by type and end users.

Safety Lancet Market Overview

The Global Safety Lancet Market 2021 report by Maximize Market Research is a comprehensive analysis of the market, including its regional insights, changing trends, industry environment, and key players. The report is based on both primary and secondary research, and the results are presented in a logical and easy-to-understand format.

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Safety Lancet Market Segmentation

Safety lancets and personal lancets are the two types of safety lancets that make up the market. There are three other categories for safety lancets: side button, pressure actuated, and push-button lancets. Due to the growing emphasis on patient safety and lowering the risk of needlestick injuries, the safety lancet segment led the safety lancet market in 2022. Safety lancets are made to stop unintentional pricks and do away with the requirement for extra equipment to get rid of the sharp debris. Because of their straightforward design and convenience of use, push-button safety lancets are the most popular kind of lancet. With just one button click, the spring-loaded mechanism of these lancets causes a puncture.

Blood glucose testing, hemoglobin testing, cholesterol testing, coagulation testing, and other applications are the application-based segments of the safety lancet market. The market is dominated by the blood glucose testing sector due to the rising global incidence of diabetes and the increased awareness of self-monitoring blood glucose levels. According to the International Diabetes Federation, there are currently 463 million individuals with diabetes worldwide. By 2050, this number is projected to rise to 700 million, which would likely increase demand for lancets used for blood glucose testing.

By end-use, the safety lancet market is divided into home care, diagnostic centers, hospitals, and clinics. Of these, the hospital category led the market in 2022 and is anticipated to continue to do so for the duration of the forecast period. The prevalence of infectious diseases is rising, and a sizable number of patients need blood testing kits due to diabetes. These are some of the elements driving the hospital segment's dominance. In addition, homecare generates more money for the market than diagnostic testing, which is more expensive in hospitals. Over the course of the forecast period, the home care category is anticipated to develop at the fastest rate. The availability of several lancet types and growing knowledge of blood glucose self-monitoring are the reasons for this growth.

Safety Lancet Market, by Type (2022-2029)
1. Safety Lancet
1.1. Push Button Lancet
1.2. Pressure activated lancet
1.3. Side Button Lancet
2. Personal Lancet
Safety Lancet Market, by Application (2022-2029)
1. Blood Glucose Testing
2. Hemoglobin Testing
3. Cholesterol Testing
4. Coagulation Testing
5. Other Application
Market, by End User (2022-2029)
1. Hospitals
2. Homecare Settings
3. Others
Safety Lancet Market, by region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America

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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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Regional Analysis

The report is focused on the five most important regions for the Safety Lancet market: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. These regions are responsible for the majority of the world's Safety Lancet consumption.

Key Questions answered in the Safety Lancet Market Report are:

• What is Safety Lancet?
• What is the forecast period of the Safety Lancet Market?
• What is the competitive scenario of the Safety Lancet market?
• Which region held the largest market share in the Safety Lancet Market?
• What are the opportunities for the Safety Lancet Market?
• What are the restraining factors in the Safety Lancet market?
• Who are the key players of the Safety Lancet market?

Key offerings:

• Market Share, Size, and Forecast by Revenue|2022-2029
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis by Safety Lancet#
• Landscape- Leading key players and other prominent key players.
• Price Trends
• Key Opinion Leaders Offerings
• Government Initiatives

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