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Prominent Lancing Devices And Equipment Market Trend for 2025: Revolutionizing Lancing Devices With Custom Vacuum Technology For Painless Blood Sampling
Lancing Devices And Equipment Global Market Report 2025
In recent years, the market size for lancing devices and equipment has seen significant growth. The market is projected to expand from $3.06 billion in 2024 to $3.35 billion in 2025, representing a Compound Annual Growth Rate (CAGR) of 9.6%. Several factors have contributed to this growth during the historic period, including a high prevalence of diabetes, convenience for patients, the trend towards home-based monitoring, and the digitization of healthcare.
Anticipated to witness robust growth in the coming years, the market size for lancing devices and equipment is set to balloon to $4.78 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.3%. The market's projected surge can be chiefly attributed to the ongoing diabetes epidemic, enhancements in testing precision, the rise of telehealth and remote monitoring, and the progress in personalized medicine. The major trends expected during the forecast period encompass the integration of continuous glucose monitoring (cgm), the emergence of non-invasive glucose monitoring, a focus on user-friendly designs, and the use of sustainable and environmentally friendly materials.
What Is Driving the Growth Trajectory of the Lancing Devices And Equipment Market?
The market for lancing devices and equipment is being propelled by the increasing occurrence of diabetes, as lancing devices are depended upon by a growing number of people for checking blood glucose levels. These devices are utilized by diabetic individuals to acquire blood samples for assessing glucose levels. For instance, the IDF Diabetes Atlas, a Belgium-based global information source, projected in March 2022 that the worldwide occurrence of diabetes would rise from 643 million in 2030 to 783 million in 2045, marking an increase of 140 million cases. Presently, diabetes affects 537 million adults, and more than 75% of these are in low and middle-income nations. This surge in diabetic patients is anticipated to continue to enhance the demand for lancing devices and equipment, consequently stimulating the growth of the market.
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Which Leading Companies Are Shaping the Growth of the Lancing Devices And Equipment Market?
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.
What Are the Major Trends Shaping the Lancing Devices And Equipment Market?
Manufacturers of lancing devices are progressively integrating custom vacuum technology into their products to reduce the discomfort caused by pricking. Lancing devices equipped with this technology can make surface-level incisions on the skin and avoid the deeper pain nerves, and the blood is drawn out by the vacuum. For instance, the Genteel Lancing Device is a vacuum-enabled blood sampling tool that extracts blood from capillaries and offers flexibility in terms of its usage on various body parts, not just fingers.
What Are the Key Segments of the Lancing Devices And Equipment Market?
The lancing devices and equipment market covered in this report is segmented -
1) By Type: Reusable, Disposable
2) By Product: Safety Lancets, Standard Lancets
3) By Penetration Depth: 0.8mm-1mm, 1.1mm- 1.5mm, 1.6mm-2.0mm, Other Penetration Depths
4) By End User: Hospitals and Clinics, Homecare and Home Diagnostics, Diagnostic Centres and Medical Institutions, Research and Academic Laboratories, Other End User
Subsegments:
1) By Reusable: Manual Reusable Lancets, Automated Reusable Lancets
2) By Disposable: Pre-filled Disposable Lancets, Single-use Lancets
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Which Region Dominates the Lancing Devices And Equipment Market?
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.
What Is Covered In The Lancing Devices And Equipment Global Market Report?
- Market Size Analysis: Analyze the Lancing Devices And Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Lancing Devices And Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Lancing Devices And Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Lancing Devices And Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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