The Global Lancing Devices And Equipment Market Report by The Business Research Company covers lancing devices and equipment market’s drivers and restraints, lancing devices and equipment market size, major players, and the impact of COVID-19 on the lancing devices and equipment market.
The lancing devices and equipment market consists of sales of lancing devices and equipment and related services. These devices are used to prick the skin to obtain blood samples for testing glucose levels.
Rising prevalence of diabetes is driving the market for lancing devices and equipment as more people depend on lancing devices to test blood glucose levels.
The global lancing devices and equipment market is expected to grow from $0.31 billion in 2020 to $0.42 billion in 2021 at a compound annual growth rate (CAGR) of 35.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $0.51 billion in 2025 at a CAGR of 5%.
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Lancing devices and equipment manufacturers are governed by regulatory bodies such as the Food and Drug Administration Act (FDA) in the USA.
Global lancing devices and equipment market segments include:
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, Others.
4) By Penetration Depth: 0.8mm-1mm, 1.1mm- 1.5mm, 1.6mm-2.0mm, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Lancing Devices And Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides lancing devices and equipment market overviews, analyzes and forecasts market size, share, lancing devices and equipment market players, lancing devices and equipment market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The lancing devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Lancing Devices And Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Abbott laboratories, B. Braun Melsungen AG, Terumo Corporation, F. Hoffmann-La Roche AG, LifeScan, Ascensia Diabetes care, Becton Dickinson, Bayer AG, Medtronic, ARKRAY, Sanofi, Ypsomed Holding AG, Sarstedt AG & Co, Greiner Bio One, HTL-STREFA S.A, Improve Medical, UltiMed, llison Medical, Artsana S.p.a., Perrigo Diabetes Care, MedExel Co, Simple Diagnostics, Stat Medical, Terumo, Trividia Health, Eli Lilly and Company.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Lancing Devices And Equipment Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Lancing Devices And Equipment Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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