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Global Blood Glucose Test Strips Market : accounted for $9,062 million in 2017 and is expected to reach $15,046 million by 2026

10-05-2018 10:45 PM CET | Health & Medicine

Press release from: Progressive Market Research

Global Blood Glucose Test Strips Market : accounted for $9,062

By technology, glucose dehydrogenase (GDH) accounted for nearly 58% of the market share in 2017 and is also the fastest growing segment, poised to grow at a CAGR of 6.68% from 2018 to 2026. This is attributed to the fact that glucose dehydrogenase-based strips are more accurate and specific as compared to glucose oxidase strips. In addition, glucose dehydrogenase is less susceptible to common interferences than glucose oxidase.

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Among electrodes, the thick electrode segment accounted for nearly 51% of the market share in 2017 and is anticipated to experience the highest CAGR throughout the forecast period. This is attributed to the fact that thick film electrodes are more suited for mass production and use in portable devices. In addition, the micro-fabrication present in thick electrodes offers large-scale production of inexpensive and highly reproducible disposable enzyme electrodes.

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Among end users, the hospital segment accounted for nearly 41% of the market share in 2017. This is attributed to the preference among patients towards hospitals for monitoring their blood glucose level. Whereas, homecare settings segment is anticipated to grow at the highest CAGR of 4.68% from 2018 to 2026, owing to the rise in awareness toward self-monitoring home care devices among patients. In addition, ease of availability of self-monitoring devices in pharmacies and online stores contributes to the shift in market trend towards homecare settings segment in near future.

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Based on region, North America accounted for the major market share of 40% in 2017 and is anticipated to dominate the market in near future. This is attributed to the better healthcare infrastructure in this region. However, Asia-Pacific is anticipated to grow at the highest CAGR of 5.3% during the forecast period.

The study offers a comprehensive analysis of the key manufacturers operating globally in the blood glucose test strips market. An overview of each market player is provided in the study to assist the market players, new entrants, investors, and stakeholders to devise their strategic growth moves.
The report highlights their overview, business performance, key strategic moves & developments, and market share with respect to the market players in the report. The key market players analyzed in the report include Abbott Laboratories, Ascensia Diabetes Care Holdings AG, F. Hoffmann-La Roche Ltd., Medtronic plc, Johnson & Johnson (LifeScan), Dexcom, Inc., B. Braun Holding GmbH & Co. KG, Nipro Diagnostics, Universal Biosensors Inc., and Apex Biotechnology Corp.

The company makes use of primary corporate research and secondary inputs from trusted sources to build its own reference base. It maintains consistency in quality as it keeps itself updated with changes in market dynamics and gauging its net effect on global business trends.

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