Lancet
Market overview and analysis by Type, End User and Region - Forecast till
2027. Lancets are small medical equipment with double-edged blade or needle and
are used for capillary blood sampling. As per the report that has been recently
published by Market Research Future (MRFR), Lancet Market Size was valued at
USD 1.2 billion in 2022 and is projected to grow from USD 1.32 billion in 2023
to USD 2.55 billion by 2030, exhibiting a compound annual growth rate (CAGR) of
10.50% during the forecast period (2023 - 2030).
Market Drivers and Restraints:
Increasing demand for blood sampling devices owing to the
increasing prevalence of various contagious and non-contagious diseases is
majorly driving the global lancet market. The need for discarding a lancet
after a single use for hygiene purpose is one of the major factors that are
generating high demand for lancets in the global market. Increasing use of
lancets by individuals suffering from endocrine-related complications,
cardiovascular diseases and other disorders is positively impacting the growth
of the global lancets market.
Lancets are commonly used by diabetic patients for regular
blood sampling. Increasing prevalence of diabetes is resulting in the rise in
demand for blood lancets, leading to the expansion of global lancet market. The
demand and supply of multiple types of lancets such as surgical lancets, blood
lancets and vaccination lancets have increased significantly in the past few
years, which in turn is fueling the expansion of the global lancet
market.
However, risk associated with blood transfusion, poor health
care facilities and lack of awareness among the population of underdeveloped
regions are likely to act as restraints on the growth of the global lancets
market.
Market Segmentation:
The global lancet market has been segmented on the basis of
types and end-users.
Based on types, the global lancet market is segmented into
personal, safety and others. The safety lancets segment is anticipated to
expand significantly during the forecast period owing to the need for immediate
disposal of these lancets after a single use.
Based on end -users, the lancet market is segmented into
hospitals and clinics, diagnostic centers and pathology laboratories, home
diagnostics, and others.
Regional Analysis:
Geographically, the global lancet
market research report is segmented into four major regions such as North
America, Europe, Asia Pacific and the Middle East and Africa. Among these, the
North America region is dominating the global lancet market owing to the high
demand for different types of lancets in the well-developed healthcare sector
and increasing prevalence of diabetes in this region.
The Europe region stands second in the global lancet market
with respect to the market size. The improvement in regulations over medical
devices and increasing inclination towards home healthcare is driving the
lancet market in this region.
The Asia Pacific region is anticipated to project
significant growth in the lancet market during the forecast period owing to the
increasing incidences of contagious and non-contagious diseases in this
region.
Lack of awareness and poor primary health care facilities in
the underdeveloped areas of the Middle East and Asia are resulting in the slow
growth of lancet market in this region.
Key Players:
The major players profiled by MRFR in the report on the
global lancet market are F. Hoffmann-La Roche AG, Becton, Dickinson and
Company, Greiner Bio One International GmbH, Improve Medical Technology Co.
Ltd, Terumo Medical Corporation, Bayer Cropscience Limited, HTL-STREFA S.A,
Sarstedt AG & Co and Others.
About US:
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