The lancing devices and equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Lancing Devices And Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -The lancing devices and equipment market size has grown rapidly in recent years. It will grow from $0.59 billion in 2023 to $0.7 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. The growth in the historic period can be attributed to diabetes prevalence, patient convenience, home-based monitoring, healthcare digitization.
The lancing devices and equipment market size is expected to see exponential growth in the next few years. It will grow to $1.46 billion in 2028 at a compound annual growth rate (CAGR) of 20.2%. The growth in the forecast period can be attributed to diabetes epidemic continues, advances in testing accuracy, telehealth and remote monitoring, personalized medicine. Major trends in the forecast period include continuous glucose monitoring (cgm) integration, non-invasive glucose monitoring, user-centered design, sustainability and eco-friendly materials.
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Scope Of Lancing Devices And Equipment MarketThe Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Lancing Devices And Equipment Market Overview
Market Drivers -The rising prevalence of diabetes is driving the market for lancing devices and equipment as more people depend on lancing devices to test blood glucose levels. Lancing devices are used by diabetics to obtain samples of blood for testing glucose levels in it. According to the International Diabetes Federation, in 2021, around 537 million adults had diabetes and the number is expected to reach 783 million by 2045. This growth in the number of diabetic patients is expected to increase the demand for lancing devices and equipment, thereby driving the market growth.
The lancing devices and equipment market covered in this report is segmented –
1) By Type: Reusable, Disposable2) By Product: Safety Lancets, Standard Lancets3) By Penetration Depth: 0.8mm-1mm, 1.1mm- 1.5mm, 1.6mm-2.0mm, Other Penetration Depths4) By End User: Hospitals and Clinics, Homecare and Home Diagnostics, Diagnostic Centres and Medical Institutions, Research and Academic Laboratories, Other End User
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Regional Insights -North America was the largest region in the global lancing devices and equipment market in 2023. Western Europe was the second-largest region in the lancing devices and equipment market. The regions covered in the lancing devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Key Companies -Major companies operating in the lancing devices and equipment market include Abbott laboratories, B. Braun Melsungen AG, Terumo Corporation, F. Hoffmann-La Roche AG, LifeScan Inc., Ascensia Diabetes Care Holdings AG, Becton Dickinson and Company, Bayer AG, Medtronic plc, ARKRAY Inc., Sanofi S.A., Ypsomed Holding AG, Sarstedt AG & Co., Greiner Bio-One, HTL-STREFA S.A, Guangzhou Improve Medical Instruments Co. Ltd., UltiMed Inc., Allison Medical Inc., Artsana S.p.a., Perrigo Diabetes Care, MedExel Co. Ltd., Simple Diagnostics, Stat Medical Inc., Trividia Health, Eli Lilly and Company, Roche Diagnostics, Terumo Corporation, LifeScan, Dynarex Corporation, Dealmed Medical Supplies LLC, Advanced Diabetic Solutions, Medline Industries Inc., Owen Mumford, ARKRAY USA Inc., Nipro Diagnostics Inc., AgaMatrix Inc., Nova Biomedical, Prodigy Diabetes Care LLC, ACON Laboratories Inc.
Table of Contents1. Executive Summary2. Lancing Devices And Equipment Market Report Structure3. Lancing Devices And Equipment Market Trends And Strategies4. Lancing Devices And Equipment Market – Macro Economic Scenario5. Lancing Devices And Equipment Market Size And Growth…..27. Lancing Devices And Equipment Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions29. Future Outlook and Potential Analysis30. Appendix
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TheBusinessResearchCompany published its Lancing Devices And Equipment Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global lancing devices and equipment market.
The report covers the lancing devices and equipment market’s segments- safety lancets, standard lancets, reusable, disposable, hospitals and clinics, homecare and home diagnostics, diagnostic centers and medical institutions, research and academic laboratories, and by penetration depth - 0.8mm-1mm, 1.1mm- 1.5mm, 1.6mm-2.0mm, others.Explore Complete Report https://www.thebusinessresearchcompany.com/report/lancing-devices-and-equipment-global-market-reportLancing Devices And Equipment Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Request to get the sample of this report https://www.thebusinessresearchcompany.com/sample.aspx?id=2484=smpLancing device manufacturers are increasingly using custom vacuum technology in lancing devices to minimize pain from poking.
Lancing devices that use this technology create a shallow puncture on the skin without hitting the deeper pain nerves, and blood is pulled up by vacuum.Get Discount On This Report https://www.thebusinessresearchcompany.com/sample.aspx?id=2484=discountChapters from Table of Content:Chapter 1.
Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reports The Lancing Devices And Equipment Global Market Report 2020-30 by The Business Research Company describes and explains the global lancing devices and equipment market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030.
The Lancing Devices And Equipment Global Market Report 2021 covers lancing devices and equipment market drivers, lancing devices and equipment market trends, lancing devices and equipment market segments, lancing devices and equipment market growth rate, lancing devices and equipment market major players, and lancing devices and equipment market size.
View Complete Report: https://www.thebusinessresearchcompany.com/report/lancing-devices-and-equipment-global-market-report The lancing devices and equipment market report provides an in-depth analysis of the impact of COVID-19 on the global lancing devices and equipment industry, along with revised market numbers due to the effects of the coronavirus and the expected lancing devices and equipment market growth numbers 2021-2030.
Lancing Devices And Equipment Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
Request For The Sample Now: https://www.thebusinessresearchcompany.com/sample.aspx?id=2484=smp The global lancing devices and equipment market is expected to grow from $0.31 billion in 2020 to $0.42 billion in 2021 at a compound annual growth rate (CAGR) of 35.5%.
Lancing Devices And Equipment Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact – both negative and positive – of COVID-19 on the lancing devices and equipment industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
This includes revised market numbers according to the effects of the coronavirus and the expected lancing devices and equipment market growth numbers 2021-2030.View Complete Report:https://www.thebusinessresearchcompany.com/report/lancing-devices-and-equipment-global-market-report The Lancing Devices And Equipment Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global lancing devices and equipment market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030.
The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.The Lancing Devices And Equipment Global Market Report 2021 covers lancing devices and equipment market drivers, lancing devices and equipment market trends, lancing devices and equipment market growth rate, lancing devices and equipment market major players, player-adopted strategies in the market, and lancing devices and equipment market size.The global lancing devices and equipment market is expected to grow from $0.31 billion in 2020 to $0.42 billion in 2021 at a compound annual growth rate (CAGR) of 35.5%.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The market is expected to reach $0.51 billion in 2025 at a CAGR of 5%.
