Lancet Market Set to Reach $4.25 Billion by 2029

Lancet Global Market Report 2025

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What Is The Expected Cagr For The Lancet Market Through 2025?
In recent times, the Lancet market has seen significant expansion. The market value, which is set to rise from $2.52 billion in 2024 to $2.80 billion in 2025, is projected to experience a compound annual growth rate (CAGR) of 11.2%. Factors contributing to this growth include a rising frequency of diabetes, increased usage of self-monitoring blood glucose machines, an expanding middle-class population, a surge in healthcare expenditure, and a growing preference towards home diagnostics.

The market size of lancets is projected to encounter robust growth over the forthcoming years, escalating to $4.25 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 11.0%. The forecast period's growth can be tied to factors such as the expanding population of diabetics, the increasing prevalence of chronic illnesses, the rise in the elderly population, the growing favouritism towards home healthcare, and the escalation of infectious disease cases. Key trends in the forecast period encompass progress in the design of lancets, the incorporation of intelligent features, advancements in home diagnostic technologies, improvements in safety lancets, and progress in minimally invasive sampling.

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What Are The Key Factors Driving Growth In The Lancet Market?
The lancet market is predicted to experience significant growth due to the increasing cases of diabetes. Diabetes, a chronic health issue, develops due to malfunction in the production or utilization of insulin, hindering the body's capability to convert food into energy. The unhealthy lifestyles majorly contribute to the increase in diabetes cases, including inadequate diet, insufficient physical activity, and rising obesity cases, fostering insulin resistance and raising blood sugar levels. Lancets support diabetes management by facilitating consistent blood glucose tracking via secure and accurate finger-pricking. This is crucial for efficient diabetes management, swift identification of glucose volatility, and immediate modifications in the medical regimen, food intake, or lifestyle to avert complications. For example, the American Diabetes Association, a non-profit organization based in the U.S, reported in November 2023 that in 2022, roughly 25.5 million U.S residents, or 7.6% of the total population, were diagnosed with diabetes, showing a surge from the prior years. Hence, the increasing diabetes cases drive the advancement of the lancet market.

What Are The Top Players Operating In The Lancet Market?
Major players in the Lancet Global Market Report 2025 include:
• Cardinal Health Inc.
• F. Hoffmann-La Roche Ltd
• Abbott Laboratories
• Becton Dickinson and Company
• Terumo Corporation
• SARSTEDT AG & Co. KG
• B. Braun Melsungen AG
• Owen Mumford Limited
• Amkay Products Pvt. Ltd
• Quest Medical Inc.

What Are The Major Trends That Will Shape The Lancet Market In The Future?
Major enterprises active in the lancet industry are concentrating on employing cutting-edge innovations such as the total path control vertical-drive technology to enhance the accuracy of sampling and lower pain during blood collection. The total path control vertical-drive mechanism directs the needle of the lancet in a linear, vertical trajectory when inserting and retracting, minimizing side-to-side motion and thus decreasing pain and tissue damage, and enhancing the accuracy of the collection. Consequently, the blood sampling procedure becomes more comfortable and precise for the individual. For example, SteriLance Medical (Suzhou) Inc., a Chinese medical device firm, launched the OneStep lancing apparatus and SoftSense lancets in Spain in July 2025, which provides a cap-less, concealed-needle lancing solution that uses the patented total path control vertical-drive technology for virtually pain-free blood collection and increased safety for the user. The one-step mechanism comes with a four-step sequence, including insertion, twisting, pressing, and ejecting, which simplifies the lancing procedure by reducing preparatory movements by approximately 70% in comparison to traditional lancet pens.

Comprehensive Segment-Wise Insights Into The Lancet Market
The lancet market covered in this report is segmented –
1) By Type: Safety Lancet, Push Button Safety Lancet, Pressure Activated Safety Lancet, Side Button Safety Lancet, Personal Lancet
2) By Gauze Size: 22 Gauze And Below, 23 Gauze –33 Gauze, Above 33 Gauze
3) By Application: Glucose Testing, Hemoglobin Testing, Coagulation Testing, Cholesterol Testing, Allergy Testing, Neonatal Testing, Other Applications
4) By End User: Hospitals, Clinics, Ambulatory Surgery Centers, Homecare Settings, Other End Users

Subsegments:
1) By Safety Lancet: Needle Lancet, Blade Lancet, Laser Lancet
2) By Push Button Safety Lancet: Fixed Depth Push Button Lancet, Adjustable Depth Push Button Lancet
3) By Pressure Activated Safety Lancet: Contact Activated Lancet, Spring-Loaded Pressure Lancet
4) By Side Button Safety Lancet: Retractable Needle Side Button Lancet, Non-Retractable Needle Side Button Lancet
5) By Personal Lancet: Reusable Personal Lancet, Single-Use Personal Lancet

View the full lancet market report:
https://www.thebusinessresearchcompany.com/report/lancet-global-market-report

Global Lancet Market - Regional Insights
In the Lancet Global Market Report 2025, North America is highlighted as the most prominent region in the lancet market as of 2024. Going forward, the Asia-Pacific region is predicted to experience the most rapid growth. The full roster of mentioned regions in the report consists of Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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