Blood Glucose Test Strips Market 2022 Overview, Size, Industry Analysis and Report by 2027 – Instant Interview

The latest research report from the IMARC group, titled “Blood Glucose Test Strips Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

The global market for blood glucose test strips reached a value of US$10.53 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$17.57 billion by 2027, growing at a CAGR of 8.60% over the period 2022-2027. A blood glucose test strip is an essential component of blood glucose meters that helps monitor and control diabetes. It is a small disposable plastic strip equipped with glucose oxidase, which reacts with the glucose present in the blood to indicate the glucose level. Diabetic patients use blood glucose test strips to regularly monitor their blood sugar levels from the comfort of their homes. In this light, the widespread adoption of strips, as they allow the patient to perform their test regularly without having to visit a diagnostic laboratory, is positively influencing the growth of the market.

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Important Attribute and Report Highlights:

  • Detailed Global Market Share Analysis
  • Market segmentation by type, technology, distribution channel and end user.
  • Historical, current and projected market size in terms of volume and value
  • Latest industry trends and developments
  • Competitive landscape for the blood glucose test strips market
  • Strategies of key players and product offerings

The global market is mainly driven by the increasing prevalence of diabetes among the population across the world. Apart from this, the convenience offered by blood glucose testing compared to traditional methods is another major growth factor. Moreover, the immense support provided by the governments of various countries by introducing blood glucose test strips at subsidized rates is creating a positive outlook for the market. Additionally, the growing awareness of preventive diabetes care is also boosting the market.

Key Players Included in the Global Blood Glucose Test Strips Market Research Report:

  • 77 Electronics Kft.
  • Abbott Laboratories
  • AgaMatrix Inc.
  • Ascensia Diabetes Care Holdings AG (PHC Holdings)
  • B. Braun Melsungen Aktiengesellschaft
  • Bioland Technology Ltd.
  • Biome Corporation
  • BTNX Inc.
  • Microlife Corporation (Midas Company Limited)
  • Norditalia Group SRL
  • Rossmax International Ltd.
  • Unistrip Technologies LLC.

Overview of the impact of COVID-19:

We regularly monitor the direct effect of COVID-19[feminine] in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

Key Market Segmentation:

Breakdown by type:

  • Thick Film Electrochemical Films
  • Thin film electrochemical films
  • Optical bands

Breakdown by technology:

  • Glucose dehydrogenase (GDH)
  • Glucose Oxidase (GOD)

Breakdown by distribution channel:

Breakdown by end user:

  • People
  • Hospitals and Clinics
  • Others

Breakdown by region:

  • North America (USA, Canada)
  • Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Table of Content of Blood Glucose Test Strips Market Research Report:

  • Preface
  • Scope and methodology
  • Summary
  • Introduction
  • Global market for blood glucose test strips
  • SWOT analysis
  • Value chain analysis
  • Price analysis
  • Competitive landscape

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