Asia-Pacific Blood Glucose Test Strip Market Rise with Magnifying Growth Rate of 6.0% CAGR| Forecast by 2023

The Blood Glucose Test Strip Market is increasing due to increasing diabetic population, developing technology, increasing R &D in diabetes, increasing awareness among the people, and improving diagnosis and treatment techniques for diabetes. On the other hand, high cost of the strips and introduction of sensor technology, which continuously monitor and indicate blood glucose level may hamper the growth of the market. Asia Pacific is the growing market and is expected to grow at a CAGR of 6% during the forecasted period of 2018- 2023.

Blood glucose test strip are small & disposable and they are used to monitor the blood glucose level. It plays an important role in the blood glucose monitoring and treatment of diabetes. Total diabetic population in China is 113 million, which accounts 11% of total Chinese population, whereas 67 million people in India have diabetes. Additionally, 20% of population from most of the South Indian cities have diabetes. According to a study, China has the highest smoking rate and smoking increases the chances of developing diabetes by 45% as compare to non-smoker, which, in turn, will drive the growth of the market over the assessment period.

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Many countries in Asia Pacific are developing rapidly. The people living in this region are attracted to the western culture and sedentary life, which make them more prone to different metabolic diseases and lifestyle related diseases, for instance, diabetes and obesity. Majority of the population in Asia Pacific region smoke, which is another factor responsible for development of diabetes. Different types of test are available to monitor the blood glucose level such as oral glucose tolerance test, postprandial blood sugar, random blood sugar testing, and others.

Some of The Major Key Players in The Market

Hoffmann-La Roche Ltd (Switzerland), Abbott (US), LifeScan, Inc. (US), i-SENS. Inc. (South Korea), AgaMatrix (US), TaiDoc Technology Corporation (Taiwan), BioSensors, Inc. (US), Universal Biosensors (Australia), Beijing Yicheng Electronic Co., Ltd (China), Hmd Biomedical (Taiwan), and B. Braun Melsungen Ag (Germany).

Segmentation of Asia-Pacific Blood Glucose Test Strip Market

Asia Pacific blood glucose test strip market is segmented on basis of types, technology and end users.

On the basis of types, the market is segmented into glucose oxidase, glucose dehydrogenase, and other.
On the basis of technology, the market is segmented into wicking technology and channel technology.
On the basis of end user, the market is categorised in hospital, clinic, homecare, and others

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Regional Analysis of Asia-Pacific Blood Glucose Test Strip Market

Asia Pacific region is segmented into Japan, China, India, Australia, Republic of Korea, and Rest of Asia Pacific. India and China are two most populated countries in this region, which together accounts for 180 million of diabetic patient. Increasing diabetic population in these countries has attracted many of the multinational companies to enter in the market. Overweight and obesity are majorly responsible for developing diabetes.

Additionally, poor diet plan and lack of exercise contribute to the increasing diabetic population and India and China have the huge obese and overweight population. Thus, increasing prevalence of diabetes, & obesity, increasing demand for the homecare devices, and increasing healthcare expenditure drive the market growth. Moreover, increasing per capita income and increasing awareness will push the market growth over the forecasted period.

Main Chapters From Table of Content

Chapter 1. Report Prologue

Chapter 2. Introduction

Chapter 3. Research Methodology

Chapter 4. Market Dynamics

Chapter 5. Market Factor Analysis

Chapter 6. Asia Pacific Blood Glucose Test Strip Market By Type

Chapter 7. Asia Pacific Blood Glucose Test Strip Market By Technology

Chapter 8. Asia Pacific Blood Glucose Test Strip Market By End User

Chapter 9. Asia Pacific Blood Glucose Test Strip Market By Region

Chapter 10 Competitive Landscape

Chapter 11 Company Profile

Chapter 12 Conclusion

Chapter 13 Appendix

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The report for Asia-Pacific Blood Glucose Test Strip Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions

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