Home Use Lancing Devices Market  By Type (Standard Lancet, Safety Lancet, Others) , By Application (Glucose Testing, Cholesterol Testing, Others) By Distribution Channel (Online Channel, Offline Channel) : Global Opportunity Analysis and Industry Forecast, 2024-2033

November 2024 | 280 pages | ID: H6329FBB9EE8EN
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Home Use Lancing Devices Market

The home use lancing devices market was valued at $359.5 million in 2023 and is projected to reach $537.8 million by 2033, growing at a CAGR of 4.1% from 2024 to 2033.

A home use lancing device is a hand-held blood sampling instrument that measures blood glucose levels. It is a minimally invasive device that makes a small incision on the skin to draw out blood. The design of the device is similar to a pen that houses a small, sterile needle or lancet to puncture the skin, along with a trigger mechanism to release it. The key benefits of a home use lancing device include its convenience, cost-effectiveness, adjustable depth, and ease of use.

Increase in the prevalence of diabetes has fueled the need for regular diagnosis, driving the growth of the home use lancing devices market. In addition, advancements in the design of the device have enhanced the user-friendliness and precision of blood extraction, thereby augmenting the market development. The transition of lancing devices into smart equipment is a prominent trend anticipated to dominate the market in coming years. The integration of the device with mobile applications and digital health platforms is projected to enhance decision-making and facilitate the provision of instant cure in case of emergencies.

However, the recurrent cost of purchasing disposable lancets deters several individuals from investing in the equipment, hampering the development of the home use lancing devices market. Furthermore, high saturation of the market reduces profit margin and restrains the market growth significantly. On the contrary, exponential growth in the number of individuals suffering from diabetes is anticipated to present lucrative opportunities for market expansion. According to the International Diabetes Federation, the cases of diabetes are projected to increase by 46% by 2045. Approximately 783 million individuals are expected to be living with diabetes in the future. This is poised to fuel the adoption of home use lancing devices, opening new avenues for market growth.

Segment Review

The home use lancing devices market is segmented into type, application, distribution channel, and region. On the basis of type, the market is divided into standard lancet, safety lancet, and others. Depending on application, it is classified into glucose testing, cholesterol testing, and others. As per distribution channel, it is bifurcated into online channel and offline channel. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of type, the safety lancet segment dominated the market in 2023.

Depending on application, the glucose testing segment held a high share of the market in 2023.

As per distribution channel, the online channel segment acquired a high stake in the market in 2023.

Region wise, North America was the highest revenue generator in 2023.

Competition Analysis

The leading players operating in the global home use lancing devices market include Medtronic Plc, Integra Lifesciences Corporation, Unilife Corporation, LifeScan, Novo Nordisk A/S, Owen Mumford Ltd., Ypsomed AG, F. Hoffmann-La Roche Ltd., Terumo Corporation, and ARKRAY Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.

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  • Patient/epidemiology data at country, region, global level
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  • Additional company profiles with specific to client's interest
  • Additional country or region analysis- market size and forecast
  • Expanded list for Company Profiles
  • Historic market data
  • SWOT Analysis
Key Market Segments

By Type
  • Standard Lancet
  • Safety Lancet
  • Others
By Application
  • Glucose Testing
  • Cholesterol Testing
  • Others
By Distribution Channel
  • Online Channel
  • Offline Channel
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • Rest of LAMEA
  • Key Market Players
  • Medtronic Plc
  • Integra Lifesciences Corporation.
  • Unilife Corporation
  • LifeScan
  • Novo Nordisk A/S
  • Owen Mumford Ltd
  • Ypsomed AG
  • F. Hoffmann-La Roche Ltd
  • Terumo Corporation
  • ARKRAY Inc
CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
  3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: HOME USE LANCING DEVICES MARKET, BY TYPE

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Type
4.2. Standard Lancet
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.3. Market Share Analysis, By Country
4.3. Safety Lancet
  4.3.1. Key Market Trends, Growth Factors and Opportunities
  4.3.2. Market Size and Forecast, By Region
  4.3.3. Market Share Analysis, By Country
4.4. Others
  4.4.1. Key Market Trends, Growth Factors and Opportunities
  4.4.2. Market Size and Forecast, By Region
  4.4.3. Market Share Analysis, By Country

CHAPTER 5: HOME USE LANCING DEVICES MARKET, BY APPLICATION

5.1. Market Overview
  5.1.1 Market Size and Forecast, By Application
5.2. Glucose Testing
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.3. Market Share Analysis, By Country
5.3. Cholesterol Testing
  5.3.1. Key Market Trends, Growth Factors and Opportunities
  5.3.2. Market Size and Forecast, By Region
  5.3.3. Market Share Analysis, By Country
5.4. Others
  5.4.1. Key Market Trends, Growth Factors and Opportunities
  5.4.2. Market Size and Forecast, By Region
  5.4.3. Market Share Analysis, By Country

CHAPTER 6: HOME USE LANCING DEVICES MARKET, BY DISTRIBUTION CHANNEL

6.1. Market Overview
  6.1.1 Market Size and Forecast, By Distribution Channel
6.2. Online Channel
  6.2.1. Key Market Trends, Growth Factors and Opportunities
  6.2.2. Market Size and Forecast, By Region
  6.2.3. Market Share Analysis, By Country
6.3. Offline Channel
  6.3.1. Key Market Trends, Growth Factors and Opportunities
  6.3.2. Market Size and Forecast, By Region
  6.3.3. Market Share Analysis, By Country

CHAPTER 7: HOME USE LANCING DEVICES MARKET, BY REGION

7.1. Market Overview
  7.1.1 Market Size and Forecast, By Region
7.2. North America
  7.2.1. Key Market Trends and Opportunities
  7.2.2. Market Size and Forecast, By Type
  7.2.3. Market Size and Forecast, By Application
  7.2.4. Market Size and Forecast, By Distribution Channel
  7.2.5. Market Size and Forecast, By Country
  7.2.6. U.S. Home Use Lancing Devices Market
    7.2.6.1. Market Size and Forecast, By Type
    7.2.6.2. Market Size and Forecast, By Application
    7.2.6.3. Market Size and Forecast, By Distribution Channel
  7.2.7. Canada Home Use Lancing Devices Market
    7.2.7.1. Market Size and Forecast, By Type
    7.2.7.2. Market Size and Forecast, By Application
    7.2.7.3. Market Size and Forecast, By Distribution Channel
  7.2.8. Mexico Home Use Lancing Devices Market
    7.2.8.1. Market Size and Forecast, By Type
    7.2.8.2. Market Size and Forecast, By Application
    7.2.8.3. Market Size and Forecast, By Distribution Channel
7.3. Europe
  7.3.1. Key Market Trends and Opportunities
  7.3.2. Market Size and Forecast, By Type
  7.3.3. Market Size and Forecast, By Application
  7.3.4. Market Size and Forecast, By Distribution Channel
  7.3.5. Market Size and Forecast, By Country
  7.3.6. France Home Use Lancing Devices Market
    7.3.6.1. Market Size and Forecast, By Type
    7.3.6.2. Market Size and Forecast, By Application
    7.3.6.3. Market Size and Forecast, By Distribution Channel
  7.3.7. Germany Home Use Lancing Devices Market
    7.3.7.1. Market Size and Forecast, By Type
    7.3.7.2. Market Size and Forecast, By Application
    7.3.7.3. Market Size and Forecast, By Distribution Channel
  7.3.8. Italy Home Use Lancing Devices Market
    7.3.8.1. Market Size and Forecast, By Type
    7.3.8.2. Market Size and Forecast, By Application
    7.3.8.3. Market Size and Forecast, By Distribution Channel
  7.3.9. Spain Home Use Lancing Devices Market
    7.3.9.1. Market Size and Forecast, By Type
    7.3.9.2. Market Size and Forecast, By Application
    7.3.9.3. Market Size and Forecast, By Distribution Channel
  7.3.10. UK Home Use Lancing Devices Market
    7.3.10.1. Market Size and Forecast, By Type
    7.3.10.2. Market Size and Forecast, By Application
    7.3.10.3. Market Size and Forecast, By Distribution Channel
  7.3.11. Rest Of Europe Home Use Lancing Devices Market
    7.3.11.1. Market Size and Forecast, By Type
    7.3.11.2. Market Size and Forecast, By Application
    7.3.11.3. Market Size and Forecast, By Distribution Channel
7.4. Asia-Pacific
  7.4.1. Key Market Trends and Opportunities
  7.4.2. Market Size and Forecast, By Type
  7.4.3. Market Size and Forecast, By Application
  7.4.4. Market Size and Forecast, By Distribution Channel
  7.4.5. Market Size and Forecast, By Country
  7.4.6. China Home Use Lancing Devices Market
    7.4.6.1. Market Size and Forecast, By Type
    7.4.6.2. Market Size and Forecast, By Application
    7.4.6.3. Market Size and Forecast, By Distribution Channel
  7.4.7. Japan Home Use Lancing Devices Market
    7.4.7.1. Market Size and Forecast, By Type
    7.4.7.2. Market Size and Forecast, By Application
    7.4.7.3. Market Size and Forecast, By Distribution Channel
  7.4.8. India Home Use Lancing Devices Market
    7.4.8.1. Market Size and Forecast, By Type
    7.4.8.2. Market Size and Forecast, By Application
    7.4.8.3. Market Size and Forecast, By Distribution Channel
  7.4.9. South Korea Home Use Lancing Devices Market
    7.4.9.1. Market Size and Forecast, By Type
    7.4.9.2. Market Size and Forecast, By Application
    7.4.9.3. Market Size and Forecast, By Distribution Channel
  7.4.10. Australia Home Use Lancing Devices Market
    7.4.10.1. Market Size and Forecast, By Type
    7.4.10.2. Market Size and Forecast, By Application
    7.4.10.3. Market Size and Forecast, By Distribution Channel
  7.4.11. Rest of Asia-Pacific Home Use Lancing Devices Market
    7.4.11.1. Market Size and Forecast, By Type
    7.4.11.2. Market Size and Forecast, By Application
    7.4.11.3. Market Size and Forecast, By Distribution Channel
7.5. LAMEA
  7.5.1. Key Market Trends and Opportunities
  7.5.2. Market Size and Forecast, By Type
  7.5.3. Market Size and Forecast, By Application
  7.5.4. Market Size and Forecast, By Distribution Channel
  7.5.5. Market Size and Forecast, By Country
  7.5.6. Brazil Home Use Lancing Devices Market
    7.5.6.1. Market Size and Forecast, By Type
    7.5.6.2. Market Size and Forecast, By Application
    7.5.6.3. Market Size and Forecast, By Distribution Channel
  7.5.7. South Africa Home Use Lancing Devices Market
    7.5.7.1. Market Size and Forecast, By Type
    7.5.7.2. Market Size and Forecast, By Application
    7.5.7.3. Market Size and Forecast, By Distribution Channel
  7.5.8. Saudi Arabia Home Use Lancing Devices Market
    7.5.8.1. Market Size and Forecast, By Type
    7.5.8.2. Market Size and Forecast, By Application
    7.5.8.3. Market Size and Forecast, By Distribution Channel
  7.5.9. Rest of LAMEA Home Use Lancing Devices Market
    7.5.9.1. Market Size and Forecast, By Type
    7.5.9.2. Market Size and Forecast, By Application
    7.5.9.3. Market Size and Forecast, By Distribution Channel

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping Of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. Medtronic Plc
  9.1.1. Company Overview
  9.1.2. Key Executives
  9.1.3. Company Snapshot
  9.1.4. Operating Business Segments
  9.1.5. Product Portfolio
  9.1.6. Business Performance
  9.1.7. Key Strategic Moves and Developments
9.2. Integra Lifesciences Corporation.
  9.2.1. Company Overview
  9.2.2. Key Executives
  9.2.3. Company Snapshot
  9.2.4. Operating Business Segments
  9.2.5. Product Portfolio
  9.2.6. Business Performance
  9.2.7. Key Strategic Moves and Developments
9.3. Unilife Corporation
  9.3.1. Company Overview
  9.3.2. Key Executives
  9.3.3. Company Snapshot
  9.3.4. Operating Business Segments
  9.3.5. Product Portfolio
  9.3.6. Business Performance
  9.3.7. Key Strategic Moves and Developments
9.4. LifeScan
  9.4.1. Company Overview
  9.4.2. Key Executives
  9.4.3. Company Snapshot
  9.4.4. Operating Business Segments
  9.4.5. Product Portfolio
  9.4.6. Business Performance
  9.4.7. Key Strategic Moves and Developments
9.5. Novo Nordisk A/S
  9.5.1. Company Overview
  9.5.2. Key Executives
  9.5.3. Company Snapshot
  9.5.4. Operating Business Segments
  9.5.5. Product Portfolio
  9.5.6. Business Performance
  9.5.7. Key Strategic Moves and Developments
9.6. Owen Mumford Ltd
  9.6.1. Company Overview
  9.6.2. Key Executives
  9.6.3. Company Snapshot
  9.6.4. Operating Business Segments
  9.6.5. Product Portfolio
  9.6.6. Business Performance
  9.6.7. Key Strategic Moves and Developments
9.7. Ypsomed AG
  9.7.1. Company Overview
  9.7.2. Key Executives
  9.7.3. Company Snapshot
  9.7.4. Operating Business Segments
  9.7.5. Product Portfolio
  9.7.6. Business Performance
  9.7.7. Key Strategic Moves and Developments
9.8. F. Hoffmann-La Roche Ltd
  9.8.1. Company Overview
  9.8.2. Key Executives
  9.8.3. Company Snapshot
  9.8.4. Operating Business Segments
  9.8.5. Product Portfolio
  9.8.6. Business Performance
  9.8.7. Key Strategic Moves and Developments
9.9. Terumo Corporation
  9.9.1. Company Overview
  9.9.2. Key Executives
  9.9.3. Company Snapshot
  9.9.4. Operating Business Segments
  9.9.5. Product Portfolio
  9.9.6. Business Performance
  9.9.7. Key Strategic Moves and Developments
9.10. ARKRAY Inc
  9.10.1. Company Overview
  9.10.2. Key Executives
  9.10.3. Company Snapshot
  9.10.4. Operating Business Segments
  9.10.5. Product Portfolio
  9.10.6. Business Performance
  9.10.7. Key Strategic Moves and Developments


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