Global Diabetic Lancing Device Market, By Product Type, By Gauge Size, By End User, By Geography

Description

Global diabetic lancing device market is estimated to be valued at USD 928.2 Mn in 2024 and is expected to reach USD 1,786.6 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.8% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 928.2 Mn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	9.80%	2031 Value Projection:	US$ 1,786.6 Mn

Figure. Global Diabetic Lancing Device Market Share (%), By Region 2024

Global Diabetic Lancing Device Market - IMG1

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.

Product Code: CMI6926

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
- 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
- LifeScan IP Holdings, LLC.

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. References and Research Methodology

References
Research Methodology
About us and Sales Contact