Press release
Blood Glucose Test Strip Market Report 2020 Trends, Growth Insight, Size, Share, Competitive Analysis, Industry Statistics, Regional Revenue
Blood Glucose Test Strip Market AnalysisBlood glucose test strips market is witnessing a significant rise, mainly due to the growing prevalence of diabetes. The market also observes considerable numbers of product launches. Moreover, substantial investments transpired into R&D to develop new effective strips, as well as, to improve the existing product line accelerate the market on a global level.
According to Market Research Future (MRFR), the global blood glucose test strips market is poised to cross a valuation of USD 18.5 BN by 2020. MRFR, in its recent study report, also confirms that the market would register over a 6.2% CAGR throughout the review period (2015 - 2020).
Blood glucose test strips offer a more accurate and cost-effective solution to keep a check on glucose level, which further helps to manage the diabetic conditions. As a result, people prefer using glucometer more than investing in other means to read sugar levels. Besides, improving economic conditions are increasing the size of the market, increasing the per capita healthcare expenditures and access to quality healthcare. Rapid urbanization, ever-increasing population, and increasingly inclining to the sedentary lifestyle are substantiating the growth of the market.
Get a FREE Sample Copy of Report with Complete TOC @ https://www.marketresearchfuture.com/sample_request/976
Conversely, the lack of patient awareness regarding the advantages of unmet clinical needs, improved test strips, and the unavailability of external funding can impede market growth, especially in the developing regions. Nevertheless, the augmenting demand for the personal, hand-held diagnostic devices and the test strips that can give the fastest & accurate results would support the market growth throughout the review period (2015-2020).
Blood Glucose Test Strip Market - Segmentations
The market is segmented into two dynamics to widen the scope of understanding,
By Technology: Thin Film Electrochemical, Thick-Film Electrochemical, Optical, and others.
By Regions : Europe, North America, APAC, and the Rest-of-the-World (RoW).
Blood Glucose Test Strip Market - Geographical Analysis
North America leads the global blood glucose test strip market. The significant market share attributes to the presence of a huge patient pool with diabetes, well-defined care sectors, and several key manufacturers in the region. The well-established healthcare sectors in the region create an enormous market demand to provide the best quality care. Besides, factors such as the high healthcare expenditures, advancements in medical technology
The US and Canada account for major contributing markets in the region due to the increasing number of diabetic populations.
Europe stands second in the global blood glucose test strip market. Factors like the proliferating healthcare infrastructures, a vast diabetic population, and the provision for funds for R&D can act as key growth drivers for the regional market growth. Indeed, the resurging economy is a major driving force behind the regional market growth, allowing access to the quality life and great care.
Germany, heading with its flourishing medical device market, significantly contributes to the growth of the regional market. Moreover, the UK and France, hold a substantial market share in the region with their increasing investments in glucometers and stripes development. The region is expected to create a larger revenue pocket in the global market by 2020, witnessing an augmenting market demand.
The market for blood glucose test strip in the Asia Pacific region is growing rapidly. Favorable government policies in developing economies, such as India and China can influence regional market growth, positively. Furthermore, the rising prevalence of diabetes and the improving economic conditions provide massive impetus to the growth of the regional market.
The region is projected to witness a spurting growth over the projected period, receiving contributions from the rapidly growing markets in China, Japan, South Korea, and India. These countries are witnessing the massive growth in healthcare sectors due to the augmenting demand for quality care and rapidly evolving healthcare technology led by the rising economy in the region.
Blood Glucose Test Strip Market - Competitive Analysis
Fiercely competitive, the blood glucose test strip market appears to be fragmented with the presence of several well-established leaders. To gain a substantial market share, players incorporate strategic initiatives such as mergers & acquisitions, collaborations, expansion, and product/technology launch.
The high growth potential that the market holds attracts several new entrants, which in turn intensifies the competition in the market. Players substantially invest in their strategic approaches and R&D to develop new products, state-of-the-art infrastructure, and strong sales & distribution network, which can position them well.
Blood Glucose Test Strip Market Major Players:
Players active in the global blood glucose test strip market include i-SENS Inc., LifeScan, Abbott Laboratories, Roche Diagnostics, AgaMatrix Inc, Universal Biosensors, Bayer Diabetes Care, Elektronika, Nipro Diagnostics, TaiDoc Technology Corporation, HMD BioMedical Inc., Apex Biotechnology Corp, ALL Medicus, B. Braun Melsungen AG, SANNUO, Betachek National Diagnostics, Beijing Yicheng Electronics, Shanghai MicroSense, Jiangsu Yuyue, and ACON Laboratories among others.
Blood Glucose Test Strip Industry, Innovation & Related News
October 07, 2019 ---- One Drop (the USUS), a leading global diabetes management platform, announced that its wireless glucose meter kits and supplies are now available across the Walmart retail locations in the USUS. This move shows One Drop 's commitment to increase access to affordable care options. The easy availability allows millions of American diabetic patients with access to real-time support from certified diabetes educators.
The system comprises a blood glucose meter, test strips, and a mobile app for smartphones and smartwatches. The purchases of the kit come with a year of free access to the company's certified coaches. Subscribers of the service are able to track their glucose levels, diet, activity, and insulin doses through the app and can receive replacement testing strips through the mail.
Get More Information on Blood Glucose Test Strip Market Research Report- Global Forecast till 2020 @ https://www.marketresearchfuture.com/reports/global-blood-glucose-test-strip-market-976
Contact:
Akash Anand
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Blood Glucose Test Strip Market Report 2020 Trends, Growth Insight, Size, Share, Competitive Analysis, Industry Statistics, Regional Revenue here
News-ID: 1932317 • Views: …
More Releases from Market Research Future

Global Small Boat Industry Sees Growing Demand Amid Rising Recreational Boating …
As per the latest analysis by Market Research Future, the Small Boats Market Size was estimated at 17.12 (USD Billion) in 2024. The Small Boats Market Industry is expected to grow from 17.88 (USD Billion) in 2025 to 26.41 (USD Billion) till 2034, at a CAGR (growth rate) is expected to be around 4.43% during the forecast period (2025 - 2034).
The global small boat industry is witnessing significant growth, driven…

Automotive Trim Market Attaining USD 193.22 Billion till 2034 | Innovations Rede …
As per the latest analysis by Market Research Future, the Automotive Trim Market Size was estimated at 140.30 (USD Billion) in 2024. The Automotive Trim Market Industry is expected to grow from 144.87 (USD Billion) in 2025 to 193.22 (USD Billion) till 2034, at a CAGR (growth rate) is expected to be around 3.25% during the forecast period (2025 - 2034).
The automotive industry is witnessing a significant transformation in vehicle…

Leading Automotive Technology Firms Expand Fuel Level Sensor Solutions for Next- …
As per the latest analysis by Market Research Future, Automotive Fuel Level Sensor Market Size was valued at USD 5,788.04 million in 2024. The Automotive Fuel Level Sensor market industry is projected to grow from USD 6,008.32 million in 2025 to USD 9,201.90 million by 2035, exhibiting a compound annual growth rate (CAGR) of 4.35% during the forecast period (2024 - 2035).
With the global automotive industry focused on precision,…

Valet Parking Technology Gains Momentum as Urban Mobility and Smart Infrastructu …
As per the latest analysis by Market Research Future, the Valet Parking Technology Market Size was estimated at 1.41 (USD Billion) in 2024. The Valet Parking Technology Market Industry is expected to grow from 1.63 (USD Billion) in 2025 to 6.01 (USD Billion) till 2034, at a CAGR (growth rate) is expected to be around 15.62% during the forecast period (2025 - 2034).
Valet parking technology is emerging as a transformative…
More Releases for Blood
Global Blood Processing Consumables(CH 5) Market Size - By Product Type(blood ad …
Market Overview and Report Coverage
Blood Processing Consumables encompass various products and materials used in the collection, storage, processing, and transfusion of blood and blood components. This category includes items like blood bags, tubes, filters, and reagents essential for laboratories and hospitals in ensuring safe and effective blood management.
The current outlook for the Blood Processing Consumables market indicates robust growth driven by increasing healthcare needs, advancements in medical technology, and a…
Medical Blood Bag Market 2027 Global Analysis and Forecasts by Type (Single Bloo …
The medical blood bags are the instruments that are used to store, collect, transport, and transfuse blood and its components. The disposable blood bags replaced the use of glass bottles due to problems associated with the use of glass bottles including insufficient sterility, leading to contamination of the blood, and the development of air bubbles resulted in severe complications during blood transfusion.
Access Sample Report@: https://bit.ly/3rGMS4Q
Leading Players in the…
Global Blood coagulation analyzer Market, Blood coagulation analyzer Market 2020 …
The Blood coagulation analyzer market report provides a comprehensive view of global Blood coagulation analyzer industry. The study provides the industry overview with its growth analysis including CAGR, market shares, sales, gross margin, value, future trends, market opportunities etc. The study also includes analysis of historic data from 2015 to 2019 along with forecast from 2020 to 2025. Further, the Blood coagulation analyzer report contains drivers andrestraints of Blood coagulation…
Blood Bank (Blood Banking) Market 2019 Analysis By American Red Cross, Japan Red …
According to this study, over the next five years the Blood Bank (Blood Banking) market will register a 7.7% CAGR in terms of revenue, the global market size will reach US$ 40500 million by 2024, from US$ 26000 million in 2019.
Blood Bank (Blood Banking) Market reports also offer important insights which help the industry experts, product managers, CEOs, and business executives to draft their policies on various parameters including expansion,…
Blood Bank (Blood Banking) Market Stay on The top of this growing business Indus …
Reports Monitor released a new Global Blood Bank (Blood Banking) Market research study with over 100 industry informative desk and Figures spread through Pages and an in-depth TOC on “Blood Bank (Blood Banking) Market”.
Global Blood Bank (Blood Banking) market 2019 research lays out the knowledge to achieve positive growth and presents different methods for maximizing your profit. The market study puts forward estimates for Global Blood Bank (Blood Banking) Market 2019 analysis and Forecast…
Blood Bank And Plasma Freezers Market Report 2018: Segmentation by Type (Common …
Global Blood Bank And Plasma Freezers market research report provides company profile for Follett, Glen Dimplex, Kirsch, LABCOLD, Lorne Laboratories, REMI GROUP, Telstar Group, LabRepCo, Helmer Scientific, Haier Bio-Medical, Panasonic Healthcare, Thermo Fisher, Dometic and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate,…