Lancing Devices Market to record USD 2.5 billion growth — North America to occupy more industry share, 2022-2032
Pune, Maharashtra, India, September 13 2022 (Wiredrelease) Prudour Pvt. Ltd –:A lancing device is a small hand-held tool that is used to puncture the skin in order to obtain a small blood sample. Lancing devices are most commonly used by people with diabetes, as they need to regularly test their blood sugar levels. There are many different types and brands of lancing devices on the market, so it is important to choose one that is comfortable and easy to use.
The global lancing devices market was valued at $1.5 billion in 2020 and is expected to reach $2.5 billion by 2026, growing at a CAGR of 8.6% during the forecast period. North America is expected to be the largest market for lancing devices, followed by Europe and Asia Pacific.
The descriptions below cover 10 popular lancing devices currently available in the United States.
Accu-Chek FastClix
Accu-Chek SoftClix
OneTouch Delica Plus
FreeStyle Lancing Device II
Microlet Next from Contour
Genteel Plus
CareTouch Lancing Device
Pip Lancets
Owen Mumford Autolet
AUVON Lancing Device
The safety lancets have a number of important characteristics, including painless vein puncture, ease of use, and safety.The lancets have many uses, including HIV screening, capillary blood micro sampling, cholesterol test, blood group testing, coagulation tests and haemoglobin tests. There are also many other blood-based tests.The International Diabetes Federation (IDF) estimates that approximately 29.2 millions Americans were affected by diabetes in 2015.Japan was home to approximately 7.2 million. In 2015, Japan had approximately 7.2 million.
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Increasing prevalence of diabetes, increased awareness about blood glucose monitoring devices and increased safety precautions to avoid infectious diseases are all factors that have contributed to the increase in awareness and use lancets.The price erosion is one of the major issues that negatively impacts the diabetes management devices. The market growth in diabetic lancing devices is also being impeded by significant changes in US reimbursement policies for blood glucose monitors. This includes the impact of private insurance.
The lancing devices market is expected to see significant growth in the coming years. This is due to the increasing prevalence of chronic diseases, such as diabetes, that require frequent blood testing. Lancing devices are used to collect a small sample of blood from the finger or other body part for testing. There are a variety of lancing devices on the market, ranging from manual to electronic. electronic lancing devices are becoming increasingly popular as they offer a more comfortable and less painful experience.
Top impacting factors: market scenario analysis, trends, drivers and impact analysis
In order to manage and monitor diabetes, there is a growing demand for products and devices that can be used to do so. A wide variety of devices for blood testing can increase the market growth of diabetic lancing device. Market growth can be driven by increased awareness about blood glucose monitoring devices and safety measures to avoid infectious diseases. Market growth is also fueled by rising healthcare spending and easy access to treatment because of an increase in hospitals. The growth of the market for diabetic lancing devices will be slowed by the rising cost of advanced diabetes management equipment and alternative technology for testing blood.
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Key Market Players included in the report:
Ambisea Technology
LIANFA
B. Braun
Trividia Health
TERUMO
Roche
BD
GMMC Group
Lifescan
Lobeck Medical AG
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Abbott Laboratories Company Profile: https://market.us/company/abbott-laboratories/
Hindustan Syringes and Medical Devices Company Profile: https://market.us/company/hindustan-syringes-and-medical-devices/
Boston Scientific Corporation Company Profile: https://market.us/company/boston-scientific-corporation/
B. Braun Melsungen AG Company Profile: https://market.us/company/b-braun-melsungen-ag/
Key Market Segments
Type
Reusable Devices
Dispensable Devices
Application
Hospitals
Clinics
Other
Regional Insights
North America (U.S., Canada, Mexico)
Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
Asia-Pacific (China, Japan, India, Rest of APAC)
South America (Brazil and the Rest of South America)
The Middle East and Africa (UAE, South Africa, Rest of MEA)
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Some important questions that the Lancing Devices Market report tries to answer exhaustively are
How does our product and services portfolio compare to leading competitors?
What are the key developments in customer demand given the changing economy?
What are the new pricing and consumption models in the marketplace and how should we align our portfolio?
What are the key decision drivers for service buyers?
How can we accelerate our bidding process?
What is the potential of the Lancing Devices Market?
What is the impact of COVID-19 on the global Lancing Devices Market?
What are the top strategies that companies adopt in Lancing Devices Market?
What are the challenges faced by SMEs and prominent vendors in Lancing Devices Market?
Which region has the highest investments in Lancing Devices Market?
What are the latest research and activities in Lancing Devices Market?
Who are the prominent players in Lancing Devices Market?
What is the potential of the Lancing Devices Market?
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