Blood Glucose Test Strips Market Outlook Research Report 2022-2027

According to IMARC Group's latest research report, titled "Blood Glucose Test Strips Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on the blood glucose test strips market demand. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global blood glucose test strips market reached a value of US$ 10.53 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 17.57 Billion by 2027, exhibiting a CAGR of 8.60% during 2022-2027.

Blood Glucose Test Strips Market Outlook:

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. Patients with diabetes utilize blood glucose test strips to regularly track their blood glucose levels in the comfort of their homes. In line with this, the widespread adoption of the strips as they allow the patient to perform their test regularly without having to visit a diagnostic laboratory is positively influencing the market growth.

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Blood Glucose Test Strips Market Growth:

The global market is majorly driven by the increasing prevalence of diabetes among the population across the globe. Apart from this, the convenience offered by self-blood glucose testing over traditional methods is another major growth-inducing factor. Moreover, the immense support provided by the governments of various countries by introducing blood glucose testing strips at subsidized rates is creating a positive outlook for the market. Additionally, the growing awareness regarding diabetes preventive care is also providing a boost to the market.

Key Market Segmentation:

Competitive Landscape:

• 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.

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)
• 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