Press release
Asia Pacific Blood Glucose Test Strip Market Likely to Grow at 6% of CAGR beyond Expectation with Prestigious Market Players – Abbott, LifeScan, BioSensors Inc by 2023
Asia Pacific Blood Glucose Test Strip Market - SegmentationAsia 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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Asia Pacific Blood Glucose Test Strip Market - Key Players
Some of the major key players in the market are F. 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).
Asia Pacific Blood Glucose Test Strip Market - Overview
Diabetes a metabolic condition that occurs due to insufficient production of insulin. Blood glucose monitoring is a routine procedure for monitoring the glucose level. Blood glucose strip market is continuously growing in the Asia pacific region. These devices monitor the glucose level in the blood. Different types of strips are available in the market having impregnate of glucose oxidase, glucose dehydrogenase and other type of enzymes. Asia Pacific is the growing market and is expected to grow at a CAGR of 6% during the forecasted period of 2017- 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.
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.
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Additionally, increasing awareness about preventive care of various diseases, rising obese population, and changing lifestyle boosting the growth of the market. However, lack of accuracy and relatively high chances of false positive results may slow the growth of the market.
Asia Pacific Blood Glucose Test Strip Market - Intended Audience
Medical Devices manufacturers
Government and private research companies
Research and Development (R&D) Companies
Medical Research Laboratories
Academic Medical Institutes and Universities
Some of Major Table of Content for Asia Pacific Blood Glucose Test Strip Market Research Report - Forecast till 2023
1 Report Prologue
2 Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
2.4. Market Segmentation
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
Continued….
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