Global Glucose Test Strip Market will multiply at an impressive CAGR of 5.5% by 2027 & Top Key Players Abbott Laboratories, Sanofi, F. Hoffmann-La Roche Ltd, Trividia Health Inc., B. Braun Holding GmbH & Co. KG., Acon Laboratories, Apex Biotechnology Corp

The global glucose test strip market is segmented by electrode material into thin film strips, thick film strips & optical strips; by distribution channel into online & offline; by end user into diagnostic laboratories, hospital laboratories, clinics & home care settings and by region. According to International Diabetic Federation 425 million people worldwide are suffering from diabetes and there were approximately 72 million cases in India in the year 2017. The glucose test strip market is anticipated to mark a CAGR of approximately 5.5% during the forecast period.

The global glucose test strip market is observing a robust growth owing to increase in the diabetic population worldwide. This increased prevalence of diabetic cases worldwide is due to the unhealthy lifestyle adopted by the people. Additionally, rise in government awareness followed by increasing investment in the healthcare sector is expected to grow the market. Moreover, real time monitoring of blood glucose levels is one of the important factor which is driving the glucose test strips market in the forecast period.
North America is anticipated to show a significant growth in the global glucose test strip market due to the higher investment in the healthcare sector. Quick adoption of technology is one of the important factor. Europe have the largest market share in the global glucose test strip market. Asia Pacific market is anticipated to expand in the forecast period due to increase in awareness of diabetes. Increment in the prevalence of diabetes in countries which includes Saudi Arabia, South Africa and Brazil is expected to drive the market in Latin America and Middle East Region.

Robust Growth of Glucose Test Strips Market

The increase in the number of diabetic cases around the world, is increasing the demand of glucose test strips market. As the prevalence of diabetes is increasing and there are many negative health implications associated with it, it becomes mandatory to monitor blood glucose levels regularly. Increased government awareness and increased investment in this sector is expected to drive the market. Increased prevalence of diabetes coupled with technological advancement is expected to showcase high growth in the forecast period.

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Additionally, the rise in the geriatric population across the globe is associated with the increase in the diabetic population as there are several hormonal changes that takes place in the body followed by impaired glucose regulation.
The report titled “Global Glucose Test Strips Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global glucose test strips market in terms of market segmentation by source, by application, by distribution channel and by regions.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

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This report also provides the existing competitive scenario of some of the key players of the global glucose test strips market which includes company profiling of Abbott Laboratories, Sanofi, F. Hoffmann-La Roche Ltd, Trividia Health Inc., B. Braun Holding GmbH & Co. KG., Acon Laboratories, Apex Biotechnology Corporation, Ascensia Diabetes Care, Hmd Biomedical, Acon Laboratories, Inc. and Other Prominent Players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global glucose test strips market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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