Blood Glucose Test Strip Market Growth 2018 by technology thick film electrochemical, thin film electrochemical, etc. | Top Players as Abbott, Roche Diagnostics, LifeScan, etc. by 2020

Extensive Study of Blood Glucose Test Strip Market Research Report is Included on MarketResearchFuture.com with Latest Advancement. Detail analysis on possible segments and sub segments of the Blood Glucose Test Strip Market. Outlook till 2020

Industry insights:

The global big data in the blood glucose test strips market is expected to reach US$ 18.5 billion by 2020, and the market is projected to grow at a CAGR of ~ 6.2 % during the forecast period 2015-2020.

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There are a number of players operating in this market all over the globe. Now-a-days, there is a significant increase in the number of the company offering blood glucose test strip.  Thus, companies are adopting the new strategies to minimize the competition and increase the market share. Some major companies are trying to focus on new and advanced tests & products to gain the market. Whereas, some are has used the technique of acquisition and collaboration to gain the market. Technological advancements and product development represent attractive strategies adopted by some of the leading players for the market. For instance, Bayer developed CONTOUR NEXT (CN) test strip that can used by both trained laboratory personnel and diabetic patients. This test strip uses a flavin adenine dinucleotide-glucose dehydrogenase (FAD-GDH) enzyme, a proprietary phenothiazine electron mediator and algorithm to minimize errors during the testing process.

Key players:                              

Abbott

Roche Diagnostics

LifeScan

i-SENS

Bayer Diabetes Care

AgaMatrix

Elektronika

Universal Biosensors

Nipro Diagnostics

And more.

Market segments:

The global blood glucose test strip market has been segmented on the basis of technology. On the basis of technology the market has been segmented into thick film electrochemical, thin film electrochemical, and optical.

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Regional analysis for Blood Glucose Test Strip market:

Regionally, the global blood glucose test strip market is segmented into: Americas, Europe, Asia Pacific, and the Middle East & Africa.

The Americas holds a significant market share of the global market owing to extensive use of information technology and high expenditure on the health care. Additionally, the fastest uptake of new technology and the presence & concentration of medical device manufacturers in the US regions drive the blood glucose test strip market. Europe is the second largest market in the globe due to a high healthcare expenditure, which is led by Germany and France. Asia Pacific region is expected to grow rapidly; China and India are likely to lead the market due to unmet needs during the forecasted period. Gulf nations such as Saudi Arabia and the UAE drive the Middle East & African market. The African region is expected to witness a moderate growth owing to poor economic & political conditions and poor healthcare development.

Latest Industry Updates:

Being a competitive market, a number of different manufacturer are focusing on the product launch, and acquisition for the market development. Some of the latest development in the market are-

LifeScan’s OneTouch Verio test strips are based on innovative opposing electrode technology developed by Universal Biosensors. This technology provides instant results of blood glucose levels and does not require calibration. Moreover, the results are unaffected by the presence of unrelated sugars such as maltose and galactose, which interfere with the results in a number of other blood glucose systems.

Major TOC of Blood Glucose Test Strip Market Research Report- Global Forecast till 2020:

1 INTRODUCTION

2   RESEARCH METHODOLOGY

3   FORECAST INDICATORS

4   GLOBAL BLOOD GLUCOSE TEST STRIP MARKET

5   BLOOD GLUCOSE TEST STRIP MARKET, BY TECHNOLOGY

6   BLOOD GLUCOSE TEST STRIP MARKET, BY REGION

7   COMPETITIVE LANDSCAPE$

8 COMPANY PROFILES

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