At 15% CAGR, Global Lancing Device Market Size to Surpass USD 2,500 million by 2026 - Industry Trends, Share, Growth, Analysis & Forecast Report by Facts & Factors

Findings from Facts and Factors report "Lancing Device Market By Type (Reuse, and One Time), By Gender Analysis (Men, and Women), By Application Analysis (Hospital, Clinic, and Household) and By Function Analysis (Adjustable, and Non-Adjustable): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020-2026" states that the global lancing device market in 2019 was above USD 1,200 million. The market is expected to grow at a CAGR of around 15% and is anticipated to reach around USD 2,500 million by 2026.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 @https://www.fnfresearch.com/lancing-device-market-by-type-reuse-and-one-655

The top manufacturer included in the lancing device market is

Visiomed Group
TaiDoc Technology Corporation
Menarini Group
Roche Holding AG
Omron Corporation
Yuyue Medical Equipment & Supply Co., Ltd., Norditalia Group Srl
Medisana AG
iHealth Lab Inc.
MED TRUST
IME-DC GmbH
STAT Medical Devices
nu-beca, Biotest Medical Corp.
L-TacMediCarePte Ltd.
VivaChek Laboratories, Inc.
Sannuo Biological Sensing Co Ltd, and others.

A lancet is a small, disposable medical device used for capillary sampling of blood. Lancets are used for the diagnosis of several diseases such as diabetes, hyperlipidemia, dyslipidemia, and others. Additionally, it is also used to make minute punctures to take blood samples. Key features of the lancets are it is easy to handle, have painless puncture of the vein, and safety while using them. The main applications of the lancets are cholesterol testing, capillary blood micro sampling, HBO, HIV screening testing, and many other blood-based tests.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/sample/lancing-device-market-by-type-reuse-and-one-655

The growing number of contagious and non-contagious diseases such as HIV/AIDS, malaria, diarrheal diseases, tuberculosis, and lower respiratory infections require blood samples for testing and detection of disease. Owing to this, the use of a lancing device will increase in the forthcoming years. The worldwide growing prevalence of diabetes may boost the lancet device market. The number of diabetic patients is continuously increasing day by day. Diabetics use launching devices to obtain blood samples to test glucose levels in them.

Therefore, growth in the number of diabetic patients is projected to increase the demand for the lancing device market. Along with this, Continuous improvements in technologies, on account of substantial investments being focused on research and development by major market manufacturers, are increasing the abilities and reliability of diabetes care solutions, which further encourages the adoption of the lancing device. This results in the growth of the lancing device market. Apart from many benefits, the risk associated with a lancet is blood transfusion during or after the test. As a lancet is applied to detect infectious or non-infectious diseases it can easily get transferred to people as it's related to blood and if one lancet is used multiple times.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/inquiry/lancing-device-market-by-type-reuse-and-one-655

Poor healthcare infrastructure and lack of awareness among the population of developing regions are additional factors to act as restraints on the growth of the global lancets market. Rising incidences of chronic diseases raise the lancing device market. Owing to the rise in disposable income coupled with increasing healthcare expenditure in developed and developing countries may bring lucrative opportunities in the lancing device market. Furthermore, favorable reimbursement policies in the healthcare industry worldwide and the entrance of new lancing device providers will fuel the market growth over the years to come.

By type, the lancing device market is divided into reuse and one-time. Among these, the reuse category led the market with USD 150 million in 2019, and it is expected to grow in the future years.

By gender analysis, the lancing device market is classified into men and women. In this, the men category held the market with a share of more than 55% in 2019, owing to the increasing number of chronic diseases in men.

𝐍𝐞𝐞𝐝 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭@https://www.fnfresearch.com/customization/lancing-device-market-by-type-reuse-and-one-655

By application-wise, the lancing device market is categorized into hospitals, clinics, and households. Among these, the hospital segment headed the market with more than USD 85 million, in 2019. The hospital segment is expected to grow in the upcoming years attributed of the use of lancing devices for the detection of various diseases in hospitals.

By function analysis, the lancing device market is bifurcated into adjustable and non-adjustable. In this, the adjustable category held the market with a share of above 95%, in 2019. This segment is expected to grow over the forecast period owing to better depth selection and lancet compatibility.

𝐑𝐞𝐚𝐝 𝐛𝐮𝐲𝐧𝐨𝐰 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧@https://www.fnfresearch.com/buynow/su/lancing-device-market-by-type-reuse-and-one-655

This report segments the lancing device market as follows:

Global Lancing Device Market: By Type Segmentation Analysis

Reuse
One Time

Global Lancing Device Market: By Gender Analysis Segmentation

Men
Women

Global Lancing Device Market: By Application Segmentation Analysis

Hospital
Clinic
Household

Global Lancing Device Market: By FunctionSegmentation Analysis

Adjustable
Non-Adjustable

Global Lancing Device Market: Regional Segmentation Analysis

North America
The U.S.
Canada
Europe
Germany
The UK
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of the Middle East & Africa

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