Safety Lancet Market Analysis By Key Manufacturers, Competitive Landscape and Industry Overview, Forecast To 2023

The Safety Lancet Market report presents detailed analysis of the entire safety lancet market and provides extensive insights of the different safety lancets. The report also focuses on end users which uses safety lancet. Further, all of the above-mentioned report coverage parameters are discussed across different regions like North Americas, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA). The global safety lancet market is expected to grow at an estimated CAGR of 11.8% from 2017 to 2023.

Safety lancets are one of the widely used alternative device to obtain the blood samples. Lancets are receiving global recognition and acceptance due to its several convenient characteristics which gives them an edge over the traditional methods for vein puncture. Some of the important features of the safety lancets are painless vein puncture, easy handling and safety while using. The major applications of the safety lancets are capillary blood micro sampling, cholesterol test, HBO and HIV screening test, blood group test, coagulation tests, allergy tests and many other blood based tests.

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Safety lancets are introduced in 1994 by Medlance with the initiation button and T-shape cover over it. They are useful to avoid needle-stick injuries and infections. In United States alone in 2014, around 2.2 million people had chronic hepatitis B virus infection. (CDC, Viral Hepatitis - Hepatitis B Information, 2016). To reduce the prevalence of such blood borne infections, safety lancets are very helpful. Safety lancets can be further classified by their structural specifications such as Push Button Safety Lancets, Pressure Activated Safety Lancets and Side Button Safety Lancets. Companies like HTL-STREFA S.A. Medline Industries, Inc. and Sarstedt AG & Co are some of the major manufacturers of safety lancets.

Global Safety lancet Market:

In the coming years, it is expected that the global safety lancet market will advance with higher growth rate as compared to previous years. Growth of diabetes prevalence, need of diabetes diagnosis are the driving factors however, declined use of devices due to the better compliance to treatment will balance the growth parameter.

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The major participants of this market are F. Hoffmann-La Roche AG, Becton, Dickinson and Company, Terumo Medical Corporation, Bayer AG, HTL-STREFA S.A., Sarstedt AG & Co. and Improve Medical Technology Co. Ltd. among others.

Segmentation:

Global Safety lancet Market has been segmented on the basis of types which comprises of push button safety lancet, pressure activated safety lancet and side button safety lancet. On the basis of end user, it comprises of hospitals & clinics, diagnostic centers and pathology laboratories, home diagnostics and other end users.

Regional Analysis:

The global market for Safety lancet is growing steadily. The market for safety lancet is growing with the CAGR of 11.8% during the forecast period from 2017-2023. Blood sampling safety lancet are the most common devices used in hospitals, clinics, diagnostic centers and home monitoring. As of now the medical device industry is majorly established in U.S. and Europe. But trends are showing enormous growth opportunity in Asia, wherein China will play a prominent role in both usage and development of medical devices. The global safety lancet market reached USD 2,305.1 million in 2023 from 1,056.2 million in 2016, withAmerica, Europe and Asia Pacific are considered to be the main contributors of the growth in the market.

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