Intense competition among lancet manufacturers has Propelled the Growth of the blood glucose lancets market in the North America Region!

The Blood Glucose Lancets Market in North America is witnessing significant growth and is poised for further expansion in the coming years. One of the key growth factors in this region is the high prevalence of diabetes. North America has a considerable number of individuals diagnosed with diabetes, primarily due to sedentary lifestyles, unhealthy eating habits, and genetic predisposition. This has resulted in a substantial demand for blood glucose lancets for regular monitoring and management of diabetes. Additionally, the region has a well-developed healthcare infrastructure and a high level of awareness regarding diabetes management. This, coupled with the increasing adoption of technologically advanced lancets, has contributed to the market’s growth. Moreover, the rising trend of self-care and home-based monitoring devices has further propelled market demand. Furthermore, favorable reimbursement policies and the presence of key market players in North America are driving market growth by ensuring accessibility and affordability of lancets for blood glucose monitoring.

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Further,the North America blood glucose lancets market is expected to grow at a strong CAGR of 7.5% during the forecast period (2022-2030). Continuous advancements in lancet technologies, such as painless and minimally invasive lancets, are attracting more individuals to monitor their blood glucose levels regularly. Also, the growing preference for home-based healthcare services and self-monitoring of blood glucose levels is boosting the adoption of lancets among patients.

North America Blood Glucose Lancets Market Revenue (2020-2030) – USD Mn

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Based on type, the market is segmented into push button lancet, pressure activated lancet, and side activated lancet. Among them, the push button lancet category is to witness higher CAGR during the forecast period owing to these lancets making the process of obtaining a blood sample less painful and more convenient, which has increased patient compliance with glucose testing. Also, push button lancets have made glucose testing more accessible to a wider range of individuals, including those who may have difficulty using traditional lancing devices. This has expanded the market for blood glucose lancets.

Based on end-user, the blood glucose lancets market has been bifurcated into patients/homecare and hospitals & clinics. The hospitals & clinics category is to witness higher adoption of blood glucose lancets during the forecast period. This is mainly due to the large number of diabetic patients who require blood testing kits and the rising prevalence of infectious diseases. For example, as per the International Diabetes Federation (IDF), around 1.2 million youngsters and youths have type 1 diabetes in 2021. Additionally, homecare diagnostic testing generates more revenue for the market because it is more expensive in the hospital.

Global Blood Glucose Lancets Market Segmentation

Market Insight, by Type

• Push Button Lancet
• Pressure Activated Lancet
• Side Activated Lancet

Market Insights, by End-User

• Patients/Homecare
• Hospitals & Clinics

Market Insight, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• APAC
  • China
  • India
  • Japan
  • Rest of APAC
• Rest of the World

Top Company Profiles

• LifeScan IP Holdings, LLC
• DarioHealth Corp
• Beurer GmbH
• BD
• MEDISANA GMBH
• Dexcom, Inc.
• Abbott
• AgaMatrix
• Medtronic
• F. Hoffmann-La Roche Ltd