Press release
Lancing Devices And Equipment Market Trends, Drivers, Opportunities And Future Prospects 2020-30: Covid 19 Impact And Recovery
The global lancing devices and equipment market is expected to decline from $0.4 billion in 2019 to $0.3 billion in 2020 at a compound annual growth rate (CAGR) of -17.2%. The decline is mainly because of worldwide supply and demand mismatches of resources due to the COVID-19 outbreak. There is an inadequate production of medical devices due to the restrictions imposed by governments of various countries to shutdown factories or function with minimal staffing to contain the spread of virus and keep the staff safe. The market is then expected to recover and grow at a CAGR of 6.4% from 2021 and reach $0.5 billion in 2023.
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The lancing devices and equipment market consists of sales of lancing devices and equipment and related services. These devices are used to prick the skin to obtain blood samples for testing glucose levels.
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.
Lancing Devices And Equipment Market Segmentation: -
By Product
1. Safety Lancets
2. Standard Lancets
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By Type
1. Reusable
2. Disposable
Few Points From Table Of Content
1. Executive Summary
2. Lancing Devices And Equipment Market Characteristics
3. Lancing Devices And Equipment Market Size And Growth
4. Lancing Devices And Equipment Market Segmentation
5. Lancing Devices And Equipment Market Regional And Country Analysis
……
25. Lancing Devices And Equipment Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Lancing Devices And Equipment Market
27. Lancing Devices And Equipment Market Trends And Strategies
28. Lancing Devices And Equipment Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the lancing devices and equipment market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the lancing devices and equipment market are Abbott laboratories, B. Braun Melsungen AG, Terumo Corporation, F. Hoffmann-La Roche AG, LifeScan, Ascensia Diabetes care, Becton Dickinson, Bayer AG, Medtronic, ARKRAY, Sanofi, Ypsomed Holding AG, Sarstedt AG & Co, Greiner Bio One
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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