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Historical Year
Forecast Year
The United States lancets market reached a value of about USD 293.97 million in 2023. The market is further expected to grow at a CAGR of about 9% in the forecast period of 2024-2032.
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The United States is a significant regional market for lancets globally owing to the presence of a large patient pool and favourable reimbursement policies. The frequent product launches, coupled with rising healthcare expenditure in the region, have further contributed to the market growth in the region. According to The International Diabetes Federation, 43% of the total diabetes-related health expenditure occurs in the region. The increasing awareness of self-health and the high costs of diagnosis in hospitals have further propelled the growth of the lancets industry within the region. The market has been further aided by the significant presence of the major industry players within the region.
Lancets or blood lancets are medical instruments used for the diagnosis of several diseases, such as diabetes, hyperlipidemia, and dyslipidemia. They are similar to a scalpel and have a double-edged blade used to puncture the skin to obtain blood samples. These lancets are widely used by diabetic patients to monitor their blood glucose level or for capillary blood sampling.
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Based on product types, the market can be segmented into:
On the basis of application, the market is divided into:
Lancets finds its end uses in:
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The demand for lacets has been growing at a robust pace. This demand is created due to the growing geriatric population, coupled with rising incidences of chronic diseases. The growing incidences of diabetes, increased of awareness of self-health monitoring, along with the wide availability of the products, are driving the market forward. The rising preference for homecare, growing healthcare expenses, and the rising incidences of infectious diseases are further contributing to market growth. Additionally, rising government expenditure and rapid technological developments in the field of diabetes are also the major driving forces aiding the growth of the industry. Many companies are making inroads in more efficient blood sampling methods, which are expected to aid the market in the coming years. Moreover, the growing trend of cholesterol testing kits at home induced by the increasing awareness of preventative healthcare is also projected to boost the market growth in the coming years.
The report gives a detailed analysis of the following key players in the market for United States lancets market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by End Use |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
United States Lancets Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market attained a value of nearly USD 293.97 million.
The market is projected to grow at a CAGR of 9% between 2024 and 2032.
The increasing prevalence of chronic diseases, the growing awareness regarding the benefits of homecare systems, and increasing government funding for more efficient healthcare testing products are the major market drivers.
The key trends guiding the market demand include rising awareness of preventative healthcare and the growing availability of advanced testing products.
The various product types included in the market report are standard lancets, safety lancets, and vacuum lancets.
The significant applications of the product include haemoglobin testing and coagulation testing, among others.
Hospitals and clinics, blood banks, and home care settings, among others, are the major end uses of the product.
The major players in the industry are Abbott Laboratories, Becton, Dickinson and Company, Medline Industries Inc., ARKRAY USA, Inc., Roche Diagnostics Ltd., and Terumo Corporation, among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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