(MENAFN- GlobeNewsWire - Nasdaq) The rising incidence of chronic diseases like diabetes, which call for regular blood glucose testing, is driving the demand for the lancets market.New York, USA, Dec. 30, 2024 (GLOBE NEWSWIRE) -- market Overview
The lancets market was estimated to be worth USD 5.89 billion in 2024. With a CAGR of 7.6% from 2025 to 2034, the market is expected to increase from USD 6.33 billion in 2025 to USD 12.23 billion by 2034.
Market Introduction
A blood lancet, also known as a lancet, is a tiny medical device used to draw blood from capillaries. A blood lancet, also known as a lance, resembles a scalpel-style lancet except that it has a pointed end and a double-edged blade. Even a specific kind of sharp needle may be used. Lancets are used for blood sampling in medical diagnostics, and diabetics frequently use them for diagnostic tests such as glucose testing. Lancets are classified into three main types, which are safety lancets, standard lancets, and push-button safety lancets. Lancets are available in a variety of styles, including twist and flat. They are typically used once and come in a lancet device, which consists of a lancet holder shaped like a small pen.
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Report Scope and Attributes
| Report Attribute | Details |
| Market Value in 2025 | USD 5.89 billion |
| Market value by 2034 | USD 12.23 billion |
| CAGR | 7.6% |
| Base Year | 2024 |
| Historical Data | 2020–2023 |
| Forecast Period | 2025–2034 |
Major Players in Lancets Market
The lancets market is known for being fiercely competitive with a presence of new entrants and market giants competing for market share. Some of the major players influencing the growth of the market are:
B. Braun SE Terumo Medical Corporation Medline Industries, LP. AgaMatrix F. Hoffmann-La Roche Ltd ARKRAY, Inc. Owen Mumford Ltd. BD. Nipro Europe Group Companies MTD Medical Technology and Devices Astellas Pharma Inc.
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Market Drivers and Opportunities
Growing Diabetes Prevalence and Growing Use of Self-Monitoring Technology
The rising prevalence of diabetes has increased the need for regular blood glucose testing devices, driving up demand for lancets, which are essential for capillary blood sampling. As more people seek to monitor their blood sugar levels regularly, the use of lancets in both at-home and clinical settings grows, supporting the market's expansion. Furthermore, the growing preference for in-home monitoring solutions has led to increased use of lancets as part of self-care routines, promoting convenience and timely management of the condition. The shift toward preventive healthcare and the need for constant monitoring in chronic disease management propels the growth of the lancets market.
Growing Interest in Painless Lancets
Patients want more comfortable and less invasive methods of blood sampling. This demand is especially noticeable among people with chronic conditions like diabetes, which require frequent blood glucose monitoring. As self-monitoring devices become more popular, there is a greater emphasis on lancets that reduce pain and discomfort, thereby improving patient compliance and experience. As a result, this shift toward more comfortable, pain-relieving solutions is propelling the lancets market forward.
Regional Overview
The study offers market insights for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
North America dominated the Lancets market share in 2024, owing to the region's well-established healthcare infrastructure, widespread adoption of advanced diagnostic technologies, government initiatives, and favorable reimbursement policies. Furthermore, the rising prevalence of chronic diseases like diabetes, which necessitates frequent blood glucose testing, has created a significant demand for the lancets market.
The market for lancets in Asia Pacific is expected to grow at the fastest CAGR due to rising diabetes prevalence, increased healthcare awareness, and growing adoption of self-monitoring devices. The region's growing healthcare infrastructure, combined with rising disposable incomes, is driving up demand for advanced diagnostic tools. Furthermore, the shift toward home-based diagnostic testing and the increasing emphasis on preventive healthcare are expected to drive lancets market expansion in the region.
Recent Progress in Lancets Market
In December 2024, BD and Babson Diagnostics announced that their fingertip blood collection and testing technologies will now be available for use in urgent care centers, doctor's offices, and other ambulatory care settings by U.S. health systems and other large provider networks. With the help of Babson's BetterWay technologies and BD's MiniDrawTM Capillary Blood Collection System, this cutting-edge blood testing method allows for test results from as few as six drops of capillary blood drawn from a patient's finger.
In April 2024, BD India introduced UltraTouchTM, a cutting-edge blood collection tool designed to reduce patient discomfort. Together with BD PentaPointTM Technology, the BD Vacutainer® UltraTouchTM Push Button Blood Collection Set is made with BD RightGaugeTM technology, which allows for the use of a "thinner" needle for blood collection.
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Lancets Market Segmentation
By Type Outlook
Safety Lancets Standard Lancets Manually Activated Push Button Lancets Side Button Lancets
Automatically Activated/Pressure Activated
By Application Outlook
Glucose Testing Hemoglobin Testing Coagulation Testing Cholesterol Testing Allergy Testing Neonatal Testing Other Applications
By Gauze Size Outlook
22G and Below 23G–33G Above 33G
By Age Group Outlook
By End User
Hospitals, Clinics, and Ambulatory Surgery Centers
Homecare Settings Other End Users
By Regional Outlook
North America Europe Germany France UK Italy Spain Netherlands Russia Rest of Europe
Asia Pacific China Japan India Malaysia South Korea Indonesia Australia Vietnam Rest of Asia Pacific
Middle East & Africa Saudi Arabia UAE Israel South Africa Rest of Middle East & Africa
Latin America Mexico Brazil Argentina Rest of Latin America
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