Lancing device is an instrument equipped with a lancet. It is also most commonly used by diabetics during blood glucose monitoring. The depth of skin penetration can be adjusted for various skin thicknesses. Long lancing devices are used for fetal scalp blood testing to get a measure of the acid base status of the fetus.
The lancing device is a convenient medical tool for collecting capillary blood samples for glucose monitoring or other tests requiring one or two drops of blood. It is dedicated for home diagnostics and aimed to be used by patients when performing skin puncture on them. A convenient and effortless device specially designed for the highest comfort in daily diabetes management.
In the last several years, global market of Lancing device developed year by year, with an average growth rate of 5.5% for the sales. In 2016, global revenue of lancing device is nearly 270 M USD; the sale is about 47.2 million units.
In the next few years, Lancing device industry will maintain increasing at a relatively high growth rate. Investors are still optimistic about this area; the future will still have more new investment enter the field.
The classification of Lancing device includes Adjustable Lancing Device, Non-adjustable Lancing Device. The proportion of Adjustable Lancing Device in 2016 is about 94%, and the proportion is increasing trend from 2012 to 2016.
Lancing device is widely used in cholesterol tests, glucose tests and other tests. The more than half of lancing device is used in glucose test, and the sales proportion in 2016 is about 70%, but the Lancing device used in cholesterol test is enjoying more and more market share.
North America and Europe is the main consumption places, with a consumption market share nearly 41.7% and 27.6% in 2016. Other regions also enjoy the major market share in global region.
Market competition is intense. Roche, LifeScan, Abbott, Ascensia, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry. With the development of society and the changing of consumer demand, the Lancing device industry will be more and more popular in the future.
According to this study, over the next five years the Home Use Lancing Devices market will register a 5.5% CAGR in terms of revenue, the global market size will reach USD 370 million by 2024, from USD 270 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Home Use Lancing Devices business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Home Use Lancing Devices market by product type, application, key manufacturers and key regions and countries.
This study considers the Home Use Lancing Devices value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Adjustable Lancing Device
Non-adjustable Lancing Device
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Cholesterol Tests
Glucose Tests
Others
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Roche
LifeScan
Abbott
Ascensia
B. Braun
Terumo
ARKRAY
Trividia Health
SANNUO
GMMC
BIONIME
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Home Use Lancing Devices consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Home Use Lancing Devices market by identifying its various subsegments.
Focuses on the key global Home Use Lancing Devices manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Home Use Lancing Devices with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Home Use Lancing Devices submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
