Global Lancing Devices And Equipment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Safety Lancets and Standard Lancets.

By Type;

Reusable and Disposable.

By End User;

Hospitals and Clinics, Homecare and Home Diagnostics, Diagnostic Centres and Medical Institutions, Research and Academic Laboratories, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn280589708 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Lancing Devices And Equipment Market (USD Million), 2021 - 2031

In the year 2024, the Global Lancing Devices And Equipment Market was valued at USD 748.11 million. The size of this market is expected to increase to USD 3,709.49 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 25.7%.

The Global Lancing Devices and Equipment Market encompasses a wide range of medical devices and equipment used for blood sampling, particularly in the management of diabetes. Lancing devices are essential tools that allow individuals to obtain small blood samples for glucose monitoring without the need for traditional venipuncture. These devices typically utilize a spring-loaded mechanism to prick the skin and create a small puncture, enabling the collection of a blood droplet for testing. The market includes various types of lancing devices, such as manual lancing devices, spring-loaded lancing devices, and electronic or automatic lancing devices, each offering different features and benefits to users.

The growth of the global lancing devices and equipment market is driven by several factors, including the increasing prevalence of diabetes worldwide, growing awareness about the importance of regular blood glucose monitoring, and technological advancements in device design and functionality. As diabetes management continues to be a critical aspect of healthcare, the demand for lancing devices and equipment is expected to rise, particularly in regions with a high burden of diabetes-related complications. Market players are focusing on developing innovative lancing devices that offer painless and convenient blood sampling solutions, as well as integrated features such as data management and connectivity to digital health platforms. Moreover, the market is also influenced by factors such as favorable reimbursement policies, expanding healthcare infrastructure, and the availability of over-the-counter lancing devices for home use. Overall, the global lancing devices and equipment market is poised for steady growth as the need for effective diabetes management remains a priority in healthcare systems worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Type
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Lancing Devices And Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Incidence of Diabetes
        2. Technological Advancements
        3. Increasing Awareness and Healthcare Expenditure
      2. Restraints
        1. High Cost of Advanced Devices
        2. Limited Reimbursement Policies
        3. Alternative Blood Glucose Monitoring Methods
      3. Opportunities
        1. Emerging Markets
        2. Focus on Patient Comfort and Convenience
        3. Personalized Healthcare Solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Lancing Devices And Equipment Market, By Product, 2021 - 2031 (USD Million)
      1. Safety Lancets
      2. Standard Lancets
    2. Global Lancing Devices And Equipment Market, By Type, 2021 - 2031 (USD Million)
      1. Reusable
      2. Disposable
    3. Global Lancing Devices And Equipment Market, By End User, 2021 - 2031 (USD Million)
      1. Hospitals and Clinics
      2. Homecare and Home Diagnostics
      3. Diagnostic Centres and Medical Institutions
      4. Research and Academic Laboratories
      5. Others
    4. Global Lancing Devices And Equipment Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Abbott laboratories
      2. B. Braun Melsungen AG
      3. Terumo Corporation
      4. F. Hoffmann-La Roche AG
      5. LifeScan
  7. Analyst Views
  8. Future Outlook of the Market