Blood Glucose Test Strips or Diabetes Test Strips, helping people to monitor their Glucose level and control their diabetes have come a long way since the day of invention. From a dye based technology to based on electrochemical technology, totally digitalized and from one test strip to gluco plus blood ketone tests, combo test strips.  Growing prevalence of diabetes coupled with the important role these strips play in keeping a tab on diabetes levels; drive the demand for these strips in multiplication. 

Obviously, the market of Blood Glucose Test Strips is ever increasing, flooding with the various brands of blood glucose test strips, floating in the space. Each brand having their own technology & design, spend increasingly on R&D activities to perfect the product. This, in turn, is paying off well & increasing the market size, elevating it on the global platform. 

Americas Blood Glucose Test Strip Market is expected to grow USD 4.73 Billion at a CAGR 6.20 during the forecast period 2023 to 2030.

In addition to the advancements in the medical science & healthcare industry, other factors that predominantly contribute to the market growth include growing population, urbanization and increasing inclination of people towards the sedentary lifestyle.  Improving economical conditions worldwide are increasingly availing access to the excellent healthcare, fuelling healthcare expenditures & eventually the market growth. 

Blood Glucose Test Strip Global Market – Competitive Analysis

The market of Blood Glucose Test Strip is fiercely competitive as well as fragmented due to the presence of numerous matured & small key players in the market. These market players try to gain competitive advantage through strategic partnership, acquisition, expansion, collaboration, product & technology launch. Heavy investments are transpired in the R&D to develop a completely different technology compared to their competition.  

Worldwide Blood Glucose Test Strip Market – Segments

The Blood Glucose Test Strip Market can be segmented in to 2 key dynamics for the convenience of the report and enhanced understanding; 

By Technologies               : Comprises Thick Film Electrochemical, Thin Film Electrochemical, & Optical among others

By Regions                         :  North America, Europe, APAC and Rest of the World.

Regional Analysis

North America market leads the global Blood Glucose Test Strip market with the significant market share. The market is further expected to reach astronomical amounts growing at a substantial CAGR throughout the forecast period (2017-2027). Well-developed healthcare sector, increasing prevalence of diabetes in the U.S. & Canada coupled with the high per capita healthcare expenditures of these economies, together drive the regional market growth. Moreover, presence of some of the matured market players fuels the market growth. 

Europe & Asia Pacific is the second & third largest market respectively in the global Blood Glucose Test Strip market. Expected to be a fastest growing market Asia pacific region is estimated to grow rapidly over the projected period. Increasing healthcare expenditures along with favourable government policies of developing economies like India and China foster the market growth in APAC.  

While the world’s second largest market of Blood Glucose Test Strip, Europe is predominantly driven by the availability of funds for research, well-developed healthcare infrastructure, huge patient population, & government support for research & development. Besides, economieshaving high healthcare expenditures such as the UK & Germany propel the growth of the Europe market.  

About US:
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York,

New York 10013,

United States of America