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According to the new market research report ‘Lancets Market by Type (Safety Lancets (Push button, Pressure Activated, Side Button), Personal Lancets), Application (Glucose Testing, Hemoglobin Testing), End User (Hospital, Clinic, Homecare), Region – Global Forecast to 2024′, published by MarketsandMarkets™, is projected to grow at a CAGR of 12.4% during the forecast period to reach USD 1,442 million by 2024 from USD 804 million in 2019.Browse and in-depth TOC on “Lancets Market”75 – Tables27 – Figures107 – PagesDownload PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=86063487The Factors such as the growing prevalence of diabetes and the high prevalence of infectious diseases are driving the growth of the Glucose Lancets Market during the forecast period.Safety Lancet is expected to be the most widely used type of the Lancets MarketThe safety lancets accounted for the largest market share in 2018.
This is primarily be attributed to the advantages associated with safety lancets such as their ease of use, the capability to prevent needlestick injuries and cross-contamination, and painlessness of vein puncture.
In line with this, According to PharmaJet, in the US, around 600,000 to 800,000 needlestick injuries are reported every year.
This is expected to increase the demand of safety lancets.Glucose testing segment is expected to account for the largest share of the Lancets Market applicationThe glucose testing segment accounted for the largest share of the Lancing Devices Market, by application, in 2018.
This is primarily due to the increasing prevalence of diabetes, and the need for its prevention and management.
For instance, according to the International Diabetes Federation (IDF), in 2017, there were almost 425 million people suffering from diabetes worldwide, and this figure is expected to increase to 629 million by 2045.





