(EMAILWIRE.COM, November 17, 2018 ) The global Home Use Lancing Devices market is valued at 270 million US$ in 2017 and will reach 410 million US$ by the end of 2025, growing at a CAGR of 5.4% during 2018-2025. The objectives of this study are to define, segment, and project the size of the Home Use Lancing Devices market based on company, product type, end user and key regions.
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This report studies the global market size of Home Use Lancing Devices in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Home Use Lancing Devices in these regions. This research report categorizes the global Home Use Lancing Devices market by top players/brands, region, type and end user. This report also studies the global Home Use Lancing Devices market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
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.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Roche
LifeScan
Abbott
Ascensia
B. Braun
Terumo
ARKRAY
Trividia Health
SANNUO
GMMC
BIONIME
Market size by Product
Adjustable Lancing Device
Non-adjustable Lancing Device
Market size by End User
Cholesterol Tests
Glucose Tests
Others
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