Lancing Devices And Equipment Market: Major Trends Reshaping the Future of the Industry

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Lancing Devices And Equipment Industry Market Size Be by 2025?
Over the past few years, the lancing devices and equipment market has witnessed significant growth. It is projected to expand from $3.06 billion in 2024 to $3.35 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.6%. The historic growth trend is tied to factors such as the increasing prevalence of diabetes, patient convenience, home-based monitoring, and digitization in the healthcare sector.

What's the Long-Term Growth Forecast for the Lancing Devices And Equipment Market Size Through 2029?
The market for lancing devices and equipment is projected to experience substantial growth in the coming years. It is estimated to expand to $4.78 billion by 2029, with a compound annual growth rate (CAGR) of 9.3%. This growth over the forecast period can be related to ongoing diabetes outbreaks, improvements in testing precision, telehealth services, remote monitoring, and personalized medicine. The key trends expected during this period are the integration of continuous glucose monitoring (CGM), non-invasive glucose monitoring technology, user-oriented design, and the use of sustainable, environmentally friendly materials.

View the full report here:
https://www.thebusinessresearchcompany.com/report/lancing-devices-and-equipment-global-market-report

What Are the Key Growth Drivers Fueling the Lancing Devices And Equipment Market Expansion?
An escalating number of diabetes cases are propelling the lancing devices and equipment market, given the increasing dependence on lancing devices for blood glucose level testing among patients. These devices are utilized by diabetics for drawing blood samples to assess the glucose levels. For example, the IDF Diabetes Atlas, a Belgium-based global authority offering inclusive data and insights on global diabetes prevalence, treatment, and care reported in March 2022 that the worldwide prevalence of diabetes is forecasted to rise from 643 million in 2030 to 783 million by 2045, an increment of 140 million cases. At present, 537 million adults are living with diabetes, out of which over 75% are in low-to-middle income countries. This surge in the diabetic patient count is anticipated to escalate the demand for lancing devices and equipment and is thus propelling market growth.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2484&type=smp

What Are the Key Trends Driving Lancing Devices And Equipment Market Growth?
An emerging trend among manufacturers of lancing devices involves the application of customized vacuum technology to reduce the discomfort associated with pricking. The lancing instruments utilizing this technology create superficial skin punctures, avoiding the deeper pain receptors, while the vacuum draws up the blood. An illustrative example of this technology is the Genteel Lancing Device, a vacuum-assisted device for drawing blood from the capillaries. It offers the additional benefit of being usable on various body sites, not just the fingers.

How Is the Lancing Devices And Equipment Market Segmented?
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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=2484&type=smp

Which Companies Are Leading the Charge in Lancing Devices And Equipment Market Innovation?
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.

Which Regions Are Leading the Global Lancing Devices And Equipment Market in Revenue?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2484

"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.