Asia Pacific Blood Glucose Test Strip Market is expected to Experience Immense Growth of CAGR 6% with Abbott, LifeScan Inc, AgaMatrix, BioSensors, Inc and other during 2018 – 2023

Asia Pacific Blood Glucose Test Strip Market - Regional Analysis

Asia Pacific Blood Glucose Test Strip Market is segmented into Japan, China, India, Australia, Republic of Korea and Rest of Asia Pacific. It is the fastest growing region in the global blood glucose strip market. The diabetic population in Asia Pacific is increasing continuously, which is the major driver the market. According to the World Health Organization (WHO), total diabetic population of India and China in 2012 was 61 million and 90 million respectively. Moreover, increasing awareness among the people, increasing healthcare expenditure and rising obese population have fuelled the growth of the market. China and India are the two major contributor to the Asia Pacific glucose test strip market owing to the presence of huge diabetic population.

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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 - Intended Audience

Medical Devices manufacturers
Government and private research companies
Research and Development (R&D) Companies
Medical Research Laboratories
Academic Medical Institutes and Universities

Asia Pacific Blood Glucose Test Strip Market - Segmentation

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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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.

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.

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Major Table of Content

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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