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  • Published In : Apr 2024
  • Code : CMI6926
  • Pages : 167
  • Formats :
      Excel and PDF
  • Industry : Medical Devices
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Global diabetic lancing device market is estimated to be valued at USD 928.2 Mn in 2024 and is expected to exhibit a CAGR of 9.8% during the forecast period (2024-2031). The global diabetic lancing device market has been witnessing significant growth owing to the rising prevalence of diabetes across the world. Diabetic lancing devices are used to prick the fingertips of diabetes patients to obtain drops of blood for monitoring their blood glucose levels multiple times a day. Modern lancing devices are ergonomically designed to cause minimum pain during sampling and come with adjustable depth settings and ultra-fine needles to ensure comfortable lancing. Various technological advancements such as lancing devices with built-in meters and smart connectivity features are further expected to drive their demand.

Market Dynamics:

The global diabetic lancing device market growth is primarily driven by the growing diabetic population worldwide. According to International Diabetes Federation, around 463 million adults were living with diabetes in 2019 and the number is projected to rise to 578 million by 2030. Since diabetic patients need to check their blood glucose levels regularly, often multiple times a day, this presents a sustained demand for lancing devices. However, reluctance among patients to prick their fingers and preference for less painful alternative methods may somewhat impede the market growth. On the positive side, developments in painless sampling technologies and introduction of user-friendly products are widening the applicability of lancing devices, thereby creating new opportunities for market players.

Key Features of the Study:

  • This report provides in-depth analysis of the global diabetic lancing device market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global diabetic lancing device market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study Genteel LLC., Abbott, BD, Braun SE, F. Hoffmann-La Roche Ltd, Greiner Bio-One International GmbH, Eli Lilly and Company, Allison Medical, Inc., Diabetyk24 z o.o., i-SENS, Inc., Nipro Corporation, Medisave UK Ltd, Home Health Ltd, Medtronic, ARKRAY, Inc., Owen Mumford, and LifeScan IP Holdings, LLC.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • Global diabetic lancing device market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global diabetic lancing device market

Detailed Segmentation-

  • By Product Type:
    • Standard Lancets
    • Safety Lancets
    • Flake Lancets
    • Others
  • By Gauge Size:
    • 17/18g
    • 21g
    • 23g
    • 25g
    • Others
  • By End User:
    • Hospitals
    • Clinics
    • Diagnostic Centers
    • Others (Home Care Settings, etc.)
  • By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East
    • Africa
  • Company Profiles:
    • Genteel LLC. 
    • Abbott 
    • BD
    • Braun SE
    • Hoffmann-La Roche Ltd
    • Greiner Bio-One International GmbH
    • Eli Lilly and Company
    • Allison Medical, Inc.
    • Diabetyk24 z o.o. 
    • i-SENS, Inc.
    • Nipro Corporation
    • Medisave UK Ltd
    • Home Health Ltd
    • Medtronic
    • ARKRAY, Inc.
    • Owen Mumford
    • LifeScan IP Holdings, LLC.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snapshot, By Product Type
      • Market Snapshot, By Gauge Size
      • Market Snapshot, By End User
      • Market Snapshot, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Opportunities
    • Impact Analysis
    • Market Trends
    • Recent Developments
    • Regulatory Scenario
    • Manufacturer Revenue
    • Pricing Analysis
    • Acquisitions and Partnerships Scenario
    • Product Launches/Approvals
    • Funding and Investments
    • PEST Analysis
    • Porter’s Analysis
  4. Global Diabetic Lancing Device Market - Impact of Coronavirus (COVID-19) Pandemic
    • Overall Impact
    • Government Initiatives
    • COVID-19 Impact on the market
  5. Global Diabetic Lancing Device Market, By Product Type, 2019 – 2031, (USD Mn)
    • Overview
      • Market Share Analysis, 2024 and 2031 (%)
      • Y-o-Y Growth Analysis, 2020 – 2031
      • Segment Trends
    • Standard Lancets
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Mn)
    • Safety Lancets
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Mn)
    • Flake Lancets
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Mn)
    • Others
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Mn)
  6. Global Diabetic Lancing Device Market, By Gauge Size, 2019 – 2031, (USD Mn)
    • Overview
      • Market Share Analysis, 2024 and 2031 (%)
      • Y-o-Y Growth Analysis, 2020 – 2031
      • Segment Trends
    • 17/18g
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Mn)
    • 21g
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Mn)
    • 23g
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Mn)
    • 25g
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Mn)
    • Others
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Mn)
  7. Global Diabetic Lancing Device Market, By End User, 2019 – 2031, (USD Mn)
    • Overview
      • Market Share Analysis, 2024 and 2031 (%)
      • Y-o-Y Growth Analysis, 2020 – 2031
      • Segment Trends
    • Hospitals
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Mn)
    • Clinics
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Mn)
    • Diagnostic Centers
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Mn)
    • Others (Home Care Settings, etc.)
      • Overview
      • Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Mn)
  8. Global Diabetic Lancing Device Market, By Region, 2019 – 2031, (USD Mn)
    • Introduction
      • Market Share Analysis, By Region, 2024 and 2031 (%)
      • Y-o-Y Growth Analysis, For Region, 2020–2031
      • Regional Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Gauge Size, 2019 - 2031, (USD Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Mn)
        • U.S.
        • Canada
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Gauge Size, 2019 - 2031, (USD Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Gauge Size, 2019 - 2031, (USD Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Gauge Size, 2019 - 2031, (USD Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Gauge Size, 2019 - 2031, (USD Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Gauge Size, 2019 - 2031, (USD Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 – 2031, (USD Mn)
        • North Africa
        • Central Africa
        • South Africa
  9. Competitive Landscape
    • Company Profiles
      • Genteel LLC.*
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Market Strategies
      • Abbott 
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Market Strategies
      • BD
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Market Strategies
      • Braun SE
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Market Strategies
      • F. Hoffmann-La Roche Ltd
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Market Strategies
      • Greiner Bio-One International GmbH
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Market Strategies
      • Eli Lilly and Company
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Market Strategies
      • Allison Medical, Inc.
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Market Strategies
      • Diabetyk24 z o.o. 
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Market Strategies
      • i-SENS, Inc.
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Market Strategies
      • Nipro Corporation
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Market Strategies
      • Medisave UK Ltd
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Market Strategies
      • Home Health Ltd
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Market Strategies
      • Medtronic
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Market Strategies
      • ARKRAY, Inc.
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Market Strategies
      • Owen Mumford
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Market Strategies
      • LifeScan IP Holdings, LLC.
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Market Strategies
  10. Analyst Recommendations
    • Wheel of Fortune
    • Analyst View
    • Coherent Opportunity Map
  11. References and Research Methodology
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 32 market data tables and 28 figures on "Diabetic Lancing Device Market” -Global forecast to 2031

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