New York, May 13, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Lancing Devices And Equipment Global Market Report 2022” – https://www.reportlinker.com/p06277235/?utm_source=GNW
The global lancing devices and equipment market is expected to grow from $0.42 billion in 2021 to $0.49 billion in 2022 at a compound annual growth rate (CAGR) of 18.5%. The market is expected to grow to $1 billion in 2026 at a compound annual growth rate (CAGR) of 19.2%.
The lancing devices and equipment market consist of sales of lancing devices and equipment and related services. These devices are used to prick the skin to obtain blood samples for testing glucose levels.
The main products of lancing devices and equipment are safety lancets and standard lancets.Safety lancets are sterile, single-use devices intended for capillary blood sampling.
The lancing devices and equipment types are reusable and disposable that are available at various penetration depths such as 0.8mm-1mm, 1.1mm- 1.5mm, 1.6mm-2.0mm, and others. The end-users are hospitals and clinics, homecare and home diagnostics, diagnostic centers and medical institutions, research and academic laboratories, and others.
North America was the largest region in the lancing devices and equipment market in 2021.Western Europe was the second-largest region in the lancing devices and equipment market.
The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The rising prevalence of diabetes is driving the market for lancing devices and equipment as more people depend on lancing devices to test blood glucose levels.Lancing devices are used by diabetics to obtain samples of blood for testing glucose levels in it.
According to the International Diabetes Federation, in 2019, around 463 million adults had diabetes and the number is expected to reach 700 million by 2045. This growth in the number of diabetic patients is expected…