Over the next five years, the Home Use Lancing Devices market will register a 5.9% CAGR in terms of revenue, the global market size will reach US$ 390 million by 2027. A Lancing device is an instrument equipped with a lancet. It is also most commonly used by diabetics during blood glucose monitoring. The depth of skin penetration can be adjusted for various skin thicknesses. Long lancing devices are used for fetal scalp blood testing to get a measure of the acid-base status of the fetus.
The lancing device is a convenient medical tool for collecting capillary blood samples for glucose monitoring or other tests requiring one or two drops of blood. It is dedicated for home diagnostics and aimed to be used by patients when performing skin puncture on them. A convenient and effortless device specially designed for the highest comfort in daily diabetes management.
In the last several years, global market of Lancing device developed year by year, with an average growth rate of 5.5% for the sales. In 2016, global revenue of lancing device is nearly 270 M USD; the sale is about 47.2 million units.
In the next few years, Lancing device industry will maintain increasing at a relatively high growth rate. Investors are still optimistic about this area; the future will still have more new investment enter the field.
The classification of Lancing device includes Adjustable Lancing Device, Non-adjustable Lancing Device. The proportion of Adjustable Lancing Device in 2016 is about 94%, and the proportion is increasing trend from 2012 to 2016.
Lancing device is widely used in cholesterol tests, glucose tests and other tests. The more than half of lancing device is used in glucose test, and the sales proportion in 2016 is about 70%, but the Lancing device used in cholesterol test is enjoying more and more market share.
North America and Europe is the main consumption places, with a consumption market share nearly 41.7% and 27.6% in 2016. Other regions also enjoy the major market share in global region.
Top Key players in the Home Use Lancing Devices Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Home Use Lancing Devices Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Roche, LifeScan, Abbott, Ascensia, B. Braun, Terumo, ARKRAY, Trividia Health, SANNUO, GMMC, BIONIME and others.
Global Home Use Lancing Devices Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
Industry News and Updates
New Studies Demonstrate Clinical Benefits of Patient- and Provider-Supportive Technology in Diabetes Management
April 27, 2022 – LifeScan, a world leader in blood glucose monitoring, announced today the presentation of three studies showing the value of app-based technology in improving diabetes management. The three studies, presented at the 15th International Conference on Advanced Technologies & Treatments for Diabetes (ATTD), examined the use of different technologies in various patient populations, and all similarly concluded that a clear benefit was observed for healthcare providers and patients with diabetes.
Home Use Lancing Devices Market is segmented based on the type, applications, companies and regions.
By Type, Home Use Lancing Devices Market has been segmented into
Adjustable Lancing Device
Non-adjustable Lancing Device
The end user’s industry application on Home Use Lancing Devices Market is,
Cholesterol Tests
Glucose Tests
Others
North America and Europe are the main consumption places, with a consumption market share of nearly 41.7% and 27.6% in 2016. Other regions also enjoy a major market share in the global region
Home Use Lancing Devices Market highlights the potential growth opportunities in upcoming years while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects of the global market. The Global Home Use Lancing Devices Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 5.9% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Roche, LifeScan, Abbott, Ascensia, B. Braun, Terumo, ARKRAY, Trividia Health, SANNUO, GMMC, BIONIME |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 123 |
Customization Available | Yes, the report can be customized as per your needs |
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Who are the key players in Home Use Lancing Devices Market?
Roche, LifeScan, Abbott, Ascensia, B. Braun, Terumo, ARKRAY, Trividia Health, SANNUO, GMMC, BIONIME
What regions does this Home Use Lancing Devices Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Home Use Lancing Devices Market?
Adjustable Lancing Device, Non-adjustable Lancing Device
What are the major end-use applications of the Home Use Lancing Devices Market?
Cholesterol Tests, Glucose Tests, Others
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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