PUBLISHER: The Business Research Company | PRODUCT CODE: 1713648
PUBLISHER: The Business Research Company | PRODUCT CODE: 1713648
A safety lancet is a single-use medical device designed for blood sampling. It contains a sterile, spring-loaded needle or blade that automatically retracts after use, minimizing the risk of accidental needlestick injuries and preventing cross-contamination. Safety lancets are commonly used in healthcare settings for procedures such as blood glucose testing, where small, precise blood samples are required.
The main types of safety lancets include push-button safety lancets, pressure-activated safety lancets, and side-button safety lancets. Push-button safety lancets feature a simple push-button mechanism that, when activated, quickly and safely punctures the skin for procedures such as glucose testing and other blood-related diagnostics. These devices are used for various applications, including blood glucose testing, hemoglobin testing, and cholesterol testing, with end users such as hospitals, clinics, diagnostic centers, pathology laboratories, and home diagnostics.
The safety lancet market research report is one of a series of new reports from the business research company that provides safety lancet market statistics, including safety lancet industry global market size, regional shares, competitors with an safety lancet market share, detailed safety lancet market segments, market trends and opportunities, and any further data you may need to thrive in the safety lancet industry. This safety lancet market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The safety lancet market size has grown strongly in recent years. It will grow from $1.96 billion in 2024 to $2.14 billion in 2025 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to improved medical device regulations, increasing investments by public and private organizations for diabetes care, a focus on infection control, rising preference towards home healthcare, and growing demand for easy-to-use, single-use lancets.
The safety lancet market size is expected to see strong growth in the next few years. It will grow to $3.03 billion in 2029 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to rising prevalence of diabetes, rising preference towards home healthcare, increasing number of healthcare facilities, upsurge in geriatric population base, and rising prevalence of chronic diseases. Major trends in the forecast period include technological advancements, empowering patients to manage their health, a focus on infection control, regulatory emphasis on patient safety, and a growing home healthcare market.
The increasing prevalence of diabetes is expected to drive the growth of the safety lancet market in the future. Diabetes is a chronic condition where the body struggles to regulate blood sugar (glucose) levels properly. This rising prevalence is linked to factors such as higher obesity rates, sedentary lifestyles, poor dietary habits, an aging population, and genetic factors. Safety lancets are crucial in diabetes management as they allow for the safe and convenient collection of blood samples for glucose testing, reducing the risk of infection and needle-stick injuries. For example, in April 2023, the British Diabetic Association reported that approximately 4.3 million people in the UK were diagnosed with diabetes in 2022, an increase of 148,951 cases compared to 2021. Thus, the growing incidence of diabetes is fueling the demand for safety lancets.
Leading companies in the safety lancet market are creating innovative devices like heel lancets to improve safety and accuracy during heel puncture procedures for infants. These sterile, single-use lancets help reduce the risk of infection. Heel lancets are small, pointed instruments used to prick the heel for blood sample collection, frequently employed in newborn screening and diabetes monitoring. For example, in October 2023, Owen Mumford, a UK-based medical solutions company, introduced the Unistik Heelstik neonatal and pediatric capillary blood sampling devices. These devices incorporate advanced safety mechanisms to ensure precise punctures while minimizing discomfort for infants and lowering the risk of needlestick injuries for healthcare professionals.
In January 2022, ICU Medical Inc., a US-based medical equipment manufacturer, acquired Smiths Medical from Smiths Group plc for approximately $2.7 billion. This acquisition aims to broaden ICU Medical's portfolio and global reach in the healthcare sector, including syringe and ambulatory infusion devices, vascular access, and vital care products. The acquisition will enhance ICU Medical's existing offerings by leveraging the expertise and resources of both companies. Smiths Medical, a UK-based medical technology firm, provides innovative solutions for healthcare professionals and patients, including safety lancets for blood collection.
Major companies operating in the safety lancet market are McKesson Corporation, Cardinal Health Inc., F. Hoffmann-La Roche AG, Bayer AG, Abbott Laboratories, Medline Industries Inc., Becton Dickinson and Company, B. Braun SE, Terumo Medical Corporation, Nipro Corporation, Sarstedt AG & Co. KG., Greiner Bio-One International GmbH, Ypsomed Holding AG, Improve Medical Technology Co. Ltd, Omron Healthcare Inc., Owen Mumford Ltd., Arkray Inc., AgaMatrix Inc., Narang Medical Limited., DarioHealth Corp, HTL-STREFA S.A., Ribbel International Limited, Simple Diagnostics Inc., Sara Healthcare Private Limited, Smiths Medical, HICKS THERMOMETERS (INDIA) LTD., Sterimed Group
North America was the largest region in the safety lancet market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the safety lancet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the safety lancet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The safety lancet market consists of sales of needle-free safety lancets, and specialized infant and pediatric safety lancets. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Safety Lancet Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on safety lancet market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for safety lancet ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The safety lancet market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.