Sterile Lancets Market - Size, Share, Outlook, and Forecast till 2026

Sterile lancets are aseptic, small, and disposable medical implements used in capillary blood sampling. It is used for making punctures to obtain small blood specimens. Skin testing for allergies are also done using lancets by pricking the skin. This instrument is a part of the blood-sampling device known as a lancing device. Various types of sterile lancets include safety lancets, homecare lancets, and others.

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Increasing prevalence of chronic diseases such as diabetes, hyperlipidemia, and dyslipidemia, rising awareness about advanced technologies, and rising geriatric population are some of the major factors driving growth of the global sterile lancets market. Moreover, rising reimbursement policies and M&A activities by many local players are also fueling growth of the sterile lancets market. Research and development in the field of surgical equipment is projected to provide new opportunities for the market over the forecast period.

However, high cost of sterile lancets and lack of patient awareness are major factors that are expected to hinder growth of the global sterile lancets market.

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Key Developments in Sterile Lancets Market

Key players are adopting various strategies such as mergers, acquisitions, new product launches, expansions, collaborations, partnerships, approvals, and joint ventures to retain its position in the sterile lancets market. Becton Dickinson offers the BD Microtainer contact-activated lancet, which is a safety-engineered device used for the fingerstick collection of blood. Abbott Laboratories offer sterile lancets with very fine 28 gauge, which can be used with the AlphaTrak blood glucose monitoring system.

Accu-Chek’s FastClix pen-like lancing device is capable of holding a drum of six lancets, which makes it easier for the user, as the user does not have to fumble with tiny sharps. On pushing a lever on the device to advance to the next lancet, a small window shows the number of unused lancets that are left.

Some of the major players operating in the global sterile lancets market include Becton, Dickinson and Company, Abbott Laboratories, Nipro Medical Europe, Bound Tree Medical, Improve Medical, Terumo Corporation, Sarstedt AG & Co., F.L. Medical SRL, Medtronic, Haemonetics Corporation, Shangdong Lianfa Medical, Jiangsu huida medical instruments co. Ltd, and Amkay Products Pvt. Ltd among others.

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