2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Industry-Specific Factors Are Fueling the Growth of theLancing Devices And Equipment Market?

The market for lancing devices and equipment is experiencing growth due to the rising prevalence of diabetes. Lancing devices are widely used by diabetic patients to test their blood glucose levels. The IDF Diabetes Atlas projects that the global prevalence of diabetes will increase from 643 million in 2030 to 783 million by 2045. With over 75% of diabetic patients living in low- and middle-income countries, this increase in diabetes cases is expected to drive the demand for lancing devices.

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#What Long-Term Growth Rate is Expected for theLancing Devices And Equipment Market Between 2025 and 2034?

The lancing devices and equipment market has experienced strong growth in recent years. It will grow from $3.06 billion in 2024 to $3.35 billion in 2025, at a compound annual growth rate (CAGR) of 9.6%. This growth is attributed to the rising prevalence of diabetes, increased patient convenience, home-based monitoring, and the ongoing healthcare digitization trend.

The lancing devices and equipment market is expected to see strong growth, projected to reach $4.78 billion by 2029, growing at a CAGR of 9.3%. This growth is attributed to the ongoing diabetes epidemic, advancements in testing accuracy, the rise of telehealth and remote monitoring, and the growth of personalized medicine. Major trends include the integration of continuous glucose monitoring (CGM), non-invasive glucose monitoring, user-centered design, and the use of sustainable and eco-friendly materials.

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How Are Market Trends and Innovations Revolutionizing theLancing Devices And Equipment Industry in Recent Times?

Lancing device manufacturers are adopting custom vacuum technology to reduce pain during skin punctures. This technology creates a shallow puncture, avoiding deeper pain nerves, and uses vacuum to draw blood. The Genteel Lancing Device, for example, uses this vacuum technology to collect blood from capillaries without causing significant pain.

Which Companies Are Leading the Charge in Expanding theLancing Devices And Equipment Market Growth?

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.

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How is the Global Lancing Devices And Equipment Market Segemented?

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 Geographics are Influencing the Growth of 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.

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