The Global Home Use Lancing Device Market size is projected to grow at a CAGR of 3.06% from 2021 to 2028. The home-use lancing devices are used for various diagnostic and screening tests such as cholesterol tests, glucose tests, and others. These devices allow users to perform diagnostics in the comfort of their homes.
A home use lancing device, also known as a diabetic testing kit or blood glucose meter is used to measure the level of sugar in the body. Home use lancing device is a medical device that can be used for the purpose of drawing blood samples from the body. The devices are generally intended to obtain small amounts of capillary whole blood or plasma suitable for diagnostic testing purposes (e.g., glucose level monitoring). It has an interactive touch screen display, which makes it easy to use. The devices are compact in design and can be operated by laymen with no medical training or education, minimizing the risk of infection for patients. It has a low-cost disposable cartridge that makes it easier to dispose of after one-time usage which is safe & environment friendly.
On the basis of Type, the global home use lancing device market is segmented into Adjustable Lancing Device, Non-adjustable Lancing Device.
An adjustable lancing device is a type of home-use lancing device that can be adjusted to suit the skin site for optimal user convenience. Adjustable Lancing Devices are mostly used in glucose testing and cholesterol tests. Adjustable devices offer the flexibility of adjusting the depth according to individual needs, such as easy adjustment using a dial knob (typically on the side of the device). The dial knob allows for precise depth adjustment.
The Non-adjustable Lancing Device is a device that does not have any adjustable features. If the user has diabetes, then they are likely to use this type of lancet as their fingers may be sensitive and needless pressure for blood extraction. Non-adjustable lancing devices usually come with preloaded standard depth. They are not suitable for everyone as different skin types require different penetration depths to achieve accurate results and avoid unnecessary pain or discomfort during testing.
On the basis of Application, the global home use lancing device market is segmented into Cholesterol Tests, Glucose Tests, Others.
On the basis of Region, the global home use lancing device market is segmented into Latin America, North America, Europe, Asia Pacific, and Middle East & Africa. The Latin American market for home use lancing devices is expected to grow at a CAGR of over 13% during the forecast period. Home use lancing devices are gaining popularity in North America as they contain a lower level of risk compared to traditional blood testing methods. Home use lancing device allows users to test their glucose levels at home and has been approved by the Food and Drug Administration (FDA), which is driving its adoption among people with diabetes. Furthermore, it provides accurate results, which is encouraging the adoption of home use lancing devices. The Asia Pacific is the leading region for the home use lancing devices market. It has been driven by factors such as increasing healthcare awareness, a growing number of diabetes patients, and rising disposable incomes in developing countries like India and China among others which have boosted demand for these devices. The Middle East & Africa home use lancing devices market is expected to grow at a CAGR of 20.63% during the forecast period. The factors responsible for this growth can be attributed primarily to rising awareness about diabetes and increased government investments in healthcare infrastructure.
The global home use lancing device market is expected to grow significantly during the forecast period. The high growth rate of this market can be attributed to factors such as growing penetration for diabetes testing, the aging population, and the rising prevalence of chronic diseases leading to an increase in demand for blood glucose monitoring devices across regions. Moreover, an increasing number of people suffering from diabetes is expected to drive the market for home use lancing devices.
Up Market Research published a new report titled “Home Use Lancing Devices Sales Market research report which is segmented by Types (Adjustable Lancing Device, Non-adjustable Lancing Device), By Applications (Cholesterol Tests, Glucose Tests, Others), By Players/Companies Roche, LifeScan, Abbott, Ascensia, B. Braun, Terumo, ARKRAY, Trividia Health, SANNUO, GMMC, BIONIME”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Home Use Lancing Devices Sales Market Research Report |
By Type | Adjustable Lancing Device, Non-adjustable Lancing Device |
By Application | Cholesterol Tests, Glucose Tests, Others |
By Companies | Roche, LifeScan, Abbott, Ascensia, B. Braun, Terumo, ARKRAY, Trividia Health, SANNUO, GMMC, BIONIME |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 244 |
Number of Tables & Figures | 171 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Adjustable Lancing Device, Non-adjustable Lancing Device and By Application Cholesterol Tests, Glucose Tests, Others.
Some of the companies that are profiled in this report are:
Home Use Lancing Devices Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Home Use Lancing Devices Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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