Press Releases

Disposable Diabetes Lancets Market Size Trends and Investment Opportunities

The disposable diabetes lancets market size was estimated at US$ 1.19 billion in 2023 and is projected to grow to US$ 1.9 billion by 2034, rising at a compound annual growth rate (CAGR) of 4.33% from 2024 to 2034. The increasing demand for point-of-care diagnostics, the rising prevalence of diabetes, and technological advancements drive the market.

Download statistics of this report @ https://www.towardshealthcare.com/download-statistics/5318

Disposable Diabetes Lancets Market: Simplifying Blood Glucose Testing

Lancets are small, sterile needles used to draw a tiny blood sample by pricking the skin, typically from a finger. These are designed for one-time use and are available in two types: standard lancets and safety lancets. Lancets are essential for monitoring blood glucose levels, especially for patients with diabetes. As the demand for point-of-care diagnostics increases, the use of lancets has become more widespread.

With the rising prevalence of type I and type II diabetes, there is a greater need for regular blood glucose monitoring. This has driven the demand for lancets, especially with the introduction of advanced devices designed for easier and less painful blood collection.

Disposable Diabetes Lancets Market Trends

In May 2024, Roche Diabetes Care India announced the local manufacturing of its glucose monitoring device, Accu-Chek Active, to meet the growing demand for diabetes care in India. The initiative is in partnership with Sanmina-SCI India Pvt. Ltd. and Parekh Integrated Services Pvt. Ltd. to enhance accessibility.

In August 2024, Medical Technology and Devices (MTD) acquired Ypsomed’s Pen Needles and Blood Glucose Monitoring Systems businesses. MTD is also investing significantly in establishing production facilities for pen needles and lancets in Europe.

The UK’s National Health Service (NHS) recommends that newly diagnosed diabetes patients check their blood sugar every 3 months, and at least every 6 months once their condition is stable.

Segmental Insights

By Type: The safety lancets segment is expected to experience substantial growth in the coming years. Safety lancets are a safer alternative to standard ones as they are designed to prevent needlestick injuries. These lancets can penetrate to a specific depth, making them more personalized to individual patient needs. Continuous advancements in technology are driving this segment’s growth.

By Application: The hospital and clinic segment held the largest share of the disposable diabetes lancets market in 2023. With an increasing number of diabetes patients and the availability of proper disposal facilities, hospitals and clinics are the primary users of disposable lancets. The presence of trained healthcare professionals in these settings reduces the risk of injury or infection during testing.

Recent Developments

In April 2024, Drawbridge Health received 510(k) clearance from the US FDA for its NanoDrop Lancet, an advanced at-home blood sampling device. The device is approved for over-the-counter (OTC) use, allowing individuals to collect blood samples from the upper arm.

In March 2023, Pip Diabetes launched painless, single-use lancets designed for a clean, comfortable blood sample. These lancets are engineered for precision, minimizing pain and vibration during the fingerstick process.

Top Companies in the Disposable Diabetes Lancets Market

  • A. Menarini Diagnostics
  • Acon Diabetes Care
  • AdvaCare Pharma
  • Arkray Healthcare Pvt. Ltd.
  • BioCare Corporation
  • CVS Pharmacy
  • Drawbridge Health
  • Genteel
  • Hoffman La-Roche Ltd.
  • Owen Mumford
  • Pip Diabetes
  • SD Biosensor Healthcare Pvt. Ltd.

Discover our detailed Table of Contents (TOC) for the Industry, providing a thorough examination of market segments, material, emerging technologies and key trends. Our TOC offers a structured analysis of market dynamics, emerging innovations, and regional dynamics to guide your strategic decisions in this rapidly evolving healthcare field – https://www.towardshealthcare.com/table-of-content/disposable-diabetes-lancets-market-sizing

To own our research study instantly, Click here @ https://www.towardshealthcare.com/price/5318

You can place an order or ask any questions, please feel free to contact us at sales@towardshealthcare.com

About Us

Towards Healthcare is a leading global provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations. We are a global strategy consulting firm that assists business leaders in gaining a competitive edge and accelerating growth. We are a provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations.

Explore the comprehensive statistics and insights on healthcare industry data and its associated segmentation: Get a Subscription

For Latest Update Follow Us: https://www.linkedin.com/company/towards-healthcare

Raj Dombe

Recent Posts

C-Reactive Protein Testing Market Trends and Key Players

C-Reactive Protein Testing Market Key Companies, Trends, and Growth Outlook The global market for C-reactive protein (CRP) testing is valued… Read More

16 hours ago

Insulin Delivery System Market Trends, Challenges and Opportunities

Insulin Delivery System Market: Key Players, Developments, and Future Outlook The global insulin delivery system market is valued at US$… Read More

16 hours ago

Antacids Market Trends and Innovations Key Drivers and Future Directions

Antacids Market Companies, Leaders, Announcements and Trends The global antacids market is projected to reach USD 7.47 billion in 2024… Read More

16 hours ago

AI in Precision Medicine Market Trends, Companies and Growth Outlook

AI in Precision Medicine Market Growth, Trends and Key Insights The AI in precision medicine market is set to grow… Read More

16 hours ago

Non-Invasive Blood Glucose Monitoring Market Growth and Innovations

Non-Invasive Blood Glucose Monitoring Systems Market Growth The global non-invasive blood glucose monitoring system market is expected to grow from… Read More

16 hours ago

Next Generation Sequencing Market Insights (2024-2034)

Next Generation Sequencing Market Outlook (2024-2034) The global Next Generation Sequencing (NGS) market is expected to grow significantly in the… Read More

17 hours ago