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

The Business Research Company’s lancing devices and equipment market report forecasts the lancing devices and equipment market size to grow to $1.11 Billion by 2027, with a CAGR (compound annual growth rate) of more than 17%

Learn More On The Lancing Devices And Equipment Market Report 2023 – https://www.thebusinessresearchcompany.com/report/lancing-devices-and-equipment-global-market-report

Lancing Devices And Equipment Market Size Forecast
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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The lancing devices and equipment market size is expected to grow to $1.11 billion in 2027 at a CAGR of 17.5%.

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

Key Lancing Devices And Equipment Market Driver ­– Rise In The Prevalence Of Diabetes
According to the International Diabetes Federation, in 2021, around 537 million adults had diabetes and the number is expected to reach 783 million by 2045. This growth in the number of diabetic patients is expected to increase the demand for lancing devices and equipment, thereby driving the market growth.

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Key Lancing Devices And Equipment Market Trend – Adopting Custom Vacuum Technology
Lancing device manufacturers are increasingly using custom vacuum technology in lancing devices to minimize pain from poking. Lancing devices that use this technology create a shallow puncture on the skin without hitting the deeper pain nerves and blood is pulled up by the vacuum. For example, the Genteel Lancing Device is a vacuum blood drawing lancing device that draws blood from the capillaries and can be used on different sites on the body apart from fingers.

Lancing Devices And Equipment Market Segment
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

Lancing Devices And Equipment Market Major Players and Strategies
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.

In September 2021, B. Braun Melsungen AG, a German medical and pharmaceutical device company acquired Sterinova Inc for an undisclosed amount. This acquisition of Sterinova will continue to operate as a distinct subsidiary of B. Braun Melsungen AG. Sterinova Inc is a Canada-based company that develops, manufactures, and distributes ready-to-use sterile injectable products in syringes and premix bags.

The Lancing Devices And Equipment Global Market Report 2023 covers regional data on lancing devices and equipment market size, lancing devices and equipment market trends and drivers, opportunities, strategies, and lancing devices and equipment market competitor 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 devices and equipment are used to prick the skin to obtain blood samples for testing glucose levels.

View More Reports Related To The Lancing Devices And Equipment Market –
Diabetes Care Devices Global Market Report 2023
Insulin Drugs Global Market Report 2023
Drug Delivery Devices Global Market Report 2023

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