Global Blood Glucose Test Strips Market Size, Shares, Growth, Segments, Industry Analysis & Outlook 2018-2024

The Blood Glucose Test Strips Market’s segment market shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates. Each segment represented visually with supporting reasons to justify the growth rates. IGR’s report also covers drivers and restraints in the blood glucose test strips market.

Infinium Global Research’s report covers the annual growth of the Global blood glucose test strips market. It also includes chapters on the Global blood glucose test strips industry trends, geographic analysis, and competitive landscape.

For More Details Get FREE Sample Pages of this Research Report@ https://www.infiniumglobalresearch.com/reports/sample-request/3381

The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024.

Blood Glucose Test Strips Market: Industry Insights

Blood glucose test strips are small disposable plastic strips that monitor glucose level in the blood. Blood glucose test strips appear insignificant but play a very significant role for people who are living with diabetes. Blood glucose test strips identify periods of high or low blood glucose levels in order to control diabetes. Generally, Type 1 diabetic patients need to check their blood glucose levels regularly to monitor their blood glucose levels.

Blood Glucose Test Strips Market: Drivers and Restraints

The growing prevalence of diabetes mellitus drives the growth of blood glucose test strips market. Diabetes is one of the most chronic diseases commonly found in the worldwide population. Type 2 diabetes is one of the most common forms of diabetes that is anticipated to increase due to older age, family history, obesity, physical inactivity, poor diet, and certain ethnicities. Diabetic patients required to take daily insulin injections. Subcutaneous insulin administration by using syringe is one of the classic methods used in diabetic treatments. According to the World Health Organization, the number of diabetes patients increased from nearly 108 million to nearly 422 million by 2014. Currently, there are approximately 425 million adults with diabetes worldwide. It is anticipated to reach nearly 630 million in 2045. The prevalence of diabetes among the adult population above 18 years of age have significantly surged during the last four decades. Furthermore, advancement in technology provides beneficial opportunities for blood glucose test strips market.

Request a Discount on Standard Prices of this Premium Report @ https://www.infiniumglobalresearch.com/reports/request-discount/3381

Blood Glucose Test Strips Market: Segmentation

The global blood glucose test strips market is projected to grow at a CAGR of 4.1% over the forecast period of 2018-2024. The global blood glucose test strips market is segmented into technology and sales channel. On the basis of technology, blood glucose test strips market is categorized into channel technology and wicking technology. Based on technology, the wicking technology segment is projected to dominate the market. On the basis of the sales channel, the blood glucose test strips market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies. Among these sales channel, Hospital pharmacies supply medicines and medical devices to family practitioners and patients. Diabetic patients are one of the most common consumers of blood glucose test strips that are procured from pharmacies. The growing awareness about the use of blood glucose test strips to monitor and control the level of glucose drives the growth of the blood glucose test strips market.

Blood Glucose Test Strips Market: Regional Insights

Geographically, North America dominated the blood glucose test strips market. Availability OF hospital pharmacies, as well as healthcare reimbursements in the region, contribute to the growth of blood glucose test strips market in the region. The demand for blood glucose test strips in the Europe region is increasing rapidly. In the Asia Pacific region, China and India account for 109.68 million and 69.25 million diabetes patients respectively. China and India together account for more than 35 % of the global population. Therefore, blood glucose test strips market is growing rapidly in the region.

Blood Glucose Test Strips Market: Competitive Analysis

The prominent players in the blood glucose test strips market are PHC Holdings Corporation, F. Hoffmann-La Roche Ltd, Sandoz International GmbH, LifeScan, Inc., HMD BioMedical Inc., Beijing Yicheng Electronic Technology Co., Ltd., Universal Biosensors, BioSensors, Inc., TaiDoc Technology Corporation, i-SENS, and Bayer AG among others.

Browse Detailed TOC and Description of this Exclusive Report@ https://www.infiniumglobalresearch.com/healthcare-medical-devices/global-blood-glucose-test-strips-market

Infinium Global Research and Consulting Solutions is started with a single motto of being a business partner of the first choice. We at Infinium work on the strengths of our clients to ensure we help them consolidate their market position. We firmly believe in the fact that ‘if you are able to develop newer opportunities then you find there is no dearth of opportunities for you. With our strategic research approaches and deep dive in the market segments, we try to find out new opportunities that our clients can encash with their existing resources. Our experts with over 100 years of cumulative experience in research offer the best in the industry services to our clients to ensure that they achieve their business goals.

Infinium Global Research
Office No. 04, 06, Ganadhish Empire,
Rahatani Corner, Pune, MH 411027
Email: info@infiniumglobalresearch.com
Website: www.infiniumglobalresearch.com

This release was published on openPR.