The safety lancet market share is predicted to reach USD 5,193.27 Million by the end of the year 2030 from USD 1,056.2 Million in the year 2016 with registering a CAGR of 12.10% during the forecast period of 2020 to 2030., as per the latest Market Research Future (MRFR) report. Safety lancets, simply put, are retractable needles which reduce risk of infection and prevent accidental pricks. It is receiving global acceptance and recognition owing to its various convenient characteristics that give it an edge over the traditional vein puncture methods. These features include safety while using, easy handling, and painless vein puncture. Safety lancets are single-use, sterile devices that are intended for capillary blood samplings. It has an extensive range of applications including coagulation tests, allergy tests, blood group test, HIV and HBO screening test, blood group test, cholesterol test, capillary blood micro sampling, and different other blood-based tests.