Increasing demand for the blood glucose test strips in the online retailing channel coupled with high investments in RD of blood glucose testing strips amongst the players in the market are fueling the market growth.
The global blood glucose test strips market is forecast to reach USD 6.92 Billion by 2027, according to a new report by Reports and Data. Blood glucose strips are one of the key components to test the glucose level of a sample blood. The sample blood is put onto the strip and then the other end of the test strip is placed inside the blood glucose test meter. The glucose oxidase provided by each test strip help determine the testing meter of the glucose level of blood. The global market is growing at a substantial pace as the amount of diabetes patients and patients with pre-diabetes symptoms are drastically being propelled. Type 2 diabetes by application is calculated to dominate the market. Amongst the end-users, the hospitals sub-segment is leading in the market due to the highest number of test and use of the strips in the hospitals. The use of alternatives to blood glucose strip test are predominantly restraining the market growth.
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The report provides extensive coverage of the supply chain, key players of the industry, consumer base, company profiles, production and consumption rate, primary applications, and other relevant data. It provides an in-depth assessment of the key companies operating in the market along with their company profiles, business overview, production and manufacturing capacity, product portfolio, financial standing, global position, and business expansion plans.
Key Manufacturers in the Global Blood Glucose Test Strips Market:
- Hoffmann-La Roche AG, Abbott Laboratories, Ascensia Diabetes Care Holdings AG, LifeScan, Inc., AgaMatrix, Inc., Trividia Health, Inc., B. Braun Melsungen AG, Sanofi, Ypsomed, and Nipro.
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The report also provides an extensive regional segmentation to offer the readers key insights into the spread of the market over key geographical regions. It covers production and consumption patterns, import/export, supply and demand, consumer demand and behavior, key trends, and presence of key players in each region. The report also offer a country-wise analysis to impart a better understanding of the revenue growth of the market in each region.
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Strips Type Outlook (Revenue, USD Billion; Volume, Thousand Units; 2016-2027)
- Use and Through
- Built-in Indicator
Sales Channel Outlook (Revenue, USD Billion; Volume, Thousand Units; 2016-2027)
- Online Retailing
- Pharmacies Medical Store
Application Outlook (Revenue, USD Billion; Volume, Thousand Units; 2016-2027)
- Type 1 Diabetes
- Type 2 Diabetes
- Gestational Diabetes
- Pre-Diabetes
End-Users Outlook (Revenue, USD Billion; Volume, Thousand Units; 2016-2027)
- Hospitals
- Clinics Diagnostic Centers
- Individuals
- Others
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Key Questions Addressed in the Report:
- What is the market size the global Blood Glucose Test Strips market is expected to reach over the forecast period? What is the expected CAGR?
- What are the key segments of the market?
- What are the key products and applications of the Blood Glucose Test Strips market?
- What factors are expected to drive and restrain market growth over the forecast period?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis?
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