Blood Glucose Test Strips Market Trends, Share, Size, and Forecast by 2028

According to IMARC Group’s latest research report, titled “Blood Glucose Test Strips Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” presents a comprehensive analysis of the industry, covering the blood glucose test strips market share, statistics size, trends, demand, and growth prospects. The report also provides competitor and regional analysis and showcases the contemporary advancements in the global market.

How big is the Blood Glucose Test Strips Market?

The global blood glucose test strips market size reached US$ 11.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.2% during 2023-2028.

What are Blood Glucose Test Strips?

Blood glucose test strips are vital for monitoring and managing blood sugar levels in individuals with diabetes. These small disposable strips are used with a glucose meter to measure glucose levels in a drop of blood obtained from a fingerstick. The test strip contains enzymes that react with the glucose in the blood, generating an electrical signal detected by the meter. Accurate and timely glucose measurements help people with diabetes make informed diet, medication, and lifestyle choices.

What are the Growth Prospects and Trends in the Blood Glucose Test Strips Market?

The global market is majorly driven by the increasing prevalence of diabetes, both type 1 and type 2. In line with this, the rising awareness about the importance of regular blood glucose monitoring and self-management of diabetes is significantly contributing to the product demand. Furthermore, the growing geriatric population is positively influencing the market. Apart from this, the continuous advancements in blood glucose monitoring technology, including test strip design, accuracy, and connectivity features, are offering numerous opportunities to the market by offering improved user experience and convenience. Moreover, supportive government initiatives, such as reimbursement policies for diabetes care, have increased the accessibility and affordability of blood glucose test strips, driving the market. Besides, the rapid integration of blood glucose meters with smartphones and healthcare apps is bolstering the market. Additionally, the escalating prevalence of obesity and the rapid adoption of self-monitoring of blood glucose is providing a boost to the market.

Who are the key Players Operating in the Industry?

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

What is included in Market Segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

  • Thick Film Electrochemical Films
  • Thin Film Electrochemical Films
  • Optical Strips

Breakup by Technology:

  • Glucose Dehydrogenase (GDH)
  • Glucose Oxidase (GOD)

Breakup by Distribution Channel:

  • Online
  • Offline

Breakup by End User:

  • Individuals
  • Hospitals and Clinics
  • Others

Breakup by Region:

  • North America (United States, 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, Other)

Key Highlights of the Report:

  • Market Performance 
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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