The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest lancing devices and equipment market share.

The global lancing devices and equipment market is expected to grow from $0.5 billion in 2022 to $0.58 billion in 2023 at a compound annual growth rate (CAGR) of 16.8%. The lancing devices and equipment market size is expected to grow to $1.11 billion in 2027 at a CAGR of 17.5%.

Major Driver In The Lancing Devices And Equipment Market ­– Rise In The Prevalence Of Diabetes According to the International Diabetes Federation, approximately 537 million persons will have diabetes in 2021, with the number anticipated to rise to 783 million by 2045. The increased number of diabetes patients is likely to drive demand for lancing devices and equipment, driving market growth.

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Key Lancing Devices And Equipment Market Segments
1) By Product: Safety Lancets, Standard Lancets
2) By Type: Reusable, Disposable
3) By End User: Hospitals and Clinics, Homecare and Home Diagnostics, Diagnostic Centres and Medical Institutions, Research and Academic Laboratories, Other End User
4) By Penetration Depth: 0.8mm-1mm, 1.1mm- 1.5mm, 1.6mm-2.0mm, Other Penetration Depths

Recent Lancing Devices And Equipment Market Trend – Adopting Custom Vacuum Technology
To reduce pain from poking, lancing gadget manufacturers are now incorporating unique hoover technology into their products. This technology is used in lancing devices to create a superficial puncture on the skin without damaging deeper pain nerves, and blood is drawn up by the hoover. The Genteel Lancing Device, for example, is a vacuum blood drawing lancing device that sucks blood from capillaries and can be used on other parts of the body besides fingers.

Lancing Devices And Equipment Market Prominent Players
Major players 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, and ARKRAY.

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The Lancing Devices And Equipment Global Market Report 2023  provides a comprehensive overview on the lancing devices and equipment market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the lancing devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Lancing instruments and equipment are used to prick the skin in order to draw blood samples for glucose testing.

View More Related Reports –
Diabetes Care Devices Global Market Report 2023
Ophthalmic Devices Global Market Report 2023
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