Blood Glucose Test Strips Market Overview
Blood glucose test strips are useful for medical tests. They are small disposable strips used in conjugation with blood glucose meters in order to monitor and control diabetes. Market Research Future (MRFR) has published and released a research report about the global blood glucose test strip market that predicts growth for this market between 2017 and 2027.
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Analyzing the market structure, this report offers insights about factors affecting the market growth. Estimating the market size and forecasting the revenue, this report covers and observes the competitive developments of market players that include mergers and acquisitions, joint ventures, new product developments, research and developments (R&D), and strategic alliances.
The major factors contributing to the growth of the global blood glucose test strip market are increasing geriatric population, the rising prevalence of diabetes, and rapid urbanization. Other important reasons aiding the market growth are changing lifestyle, increasing spending on healthcare, and increasing awareness about the health hazards caused by lack of glucose.
Blood Glucose Test Strips Market Segmentation
The global blood glucose test strip market has been segmented on the basis of technology and region. The technology-based segmentation segments the market into optical technology, thick film electrochemical, and thin film electrochemical. Optical coherence tomography (OCT) is an imaging technique used for medical imaging and sometimes for glucose monitoring.
In 2015, Thick Film Electrochemical strips generated the largest revenue of $ 6.4 billion by technology
Thin Film Electrochemical segment generated revenue of US$ 5 billion in 2015 by technology
North America accounted for the largest revenue of US$ 7.89 billion for blood glucose test strips in 2015, by geography
Blood Glucose Test Strips Market Regional analysis
The Americas holds a significant market share of the global market owing to extensive use of information technology and high expenditure on the health care. Additionally, the fastest uptake of new technology and the presence & concentration of medical device manufacturers in the US regions drive the blood glucose test strip market.
North America led the global blood glucose test strip market with revenue of $ 7.89 billion in 2015.
Europe is the second largest market in the globe due to a high healthcare expenditure, which is led by Germany and France.
Asia Pacific region is expected to grow rapidly; China and India are likely to lead the market due to unmet needs during the forecasted period. APAC is expected to grow at a higher CAGR of 12.9 % than the other regions because of increasing number of diabetic population in this region.
Gulf nations such as Saudi Arabia and the UAE drive the Middle East & African market. The African region is expected to witness a moderate growth owing to poor economic & political conditions and poor healthcare development.
Global blood glucose test strip manufacturers & suppliers
Research and development (R&D) companies
Hospitals and clinics
Academic institutes and universities
The key players in the global blood glucose test strip market include Abbott Laboratories (USA), Acon Laboratories Inc (USA), Allmedicus (South Korea), Apex Biotechnology Corporation (Taiwan), Ascensia Diabetes Care Holdings Ag (Switzerland), B.Braun Melsungen Ag (Germany), HMD Biomedical (Taiwan), I-Sens Inc. (South Korea), Lifescan Inc. (USA), Roche Diagnostics (Switzerland), and Taidoc Technology Corporation (Taiwan).
Table Of Content
- Report Prologue
- Market Introduction
- Research Methodology
- Market Factor Analysis
- Global Blood Glucose Test Strips Market, By type
- Global Blood Glucose Test Strips Market, By Technology
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