Global Blood Glucose Test Strips Market Growth 2019-2024
Along with the development of Chinese domestic technology, there is a lot Chinese local manufacturer can produce blood glucose test strips (along with glucose meters), with the increasing demand, more and more manufactures will go into blood glucose test strips industry.
The classification of Blood Glucose Test Strips includes Glucose Oxidase, Glucose Dehydrogenase and other, and the proportion of Glucose Oxidase in 2016 is about 51%.
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Blood Glucose Test Strips is widely used to treat Hospital, Clinic and Household. The most proportion of Blood Glucose Test Strips is used for household, and the sales proportion is about 73.5% in 2016.
Europe region is the largest supplier of Blood Glucose Test Strips, with a production market share nearly 36.6% in 2016. North America is the second largest supplier of Blood Glucose Test Strips, enjoying production market share nearly 30.7% in 2016.
North America is the largest sales place, with a sales market share nearly 31.9% in 2016. Following North America, Europe is the second largest sales place with the sales market share of 29.2%.
Market competition is intense. Roche, LIFESCAN, Abbott, Panasonic (Bayer), etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
According to this study, over the next five years the Blood Glucose Test Strips market will register a 5.4% CAGR in terms of revenue, the global market size will reach US$ 1190 million by 2024, from US$ 870 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Blood Glucose Test Strips business, shared in Chapter 3.
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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