Blood Glucose Test Strips Market Projected to Reach US$ 17.57 Billion by 2027 | CAGR of 8.60%

IMARC Group's latest research report, titled "Blood Glucose Test Strips Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027," offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

The global blood glucose test strips market share reached a value of US$ 10.53 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 17.57 Billion by 2027, exhibiting a CAGR of 8.60% during 2022-2027. A blood glucose test strip is an essential component of blood glucose meters that helps monitor and control diabetes. It is a small disposable plastic strip equipped with glucose oxidase, which reacts with the glucose present in the blood to indicate the glucose level. Patients with diabetes utilize blood glucose test strips to regularly track their blood glucose levels in the comfort of their homes. In line with this, the widespread adoption of the strips as they allow the patient to perform their test regularly without having to visit a diagnostic laboratory is positively influencing the market growth.

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Important Attribute and highlights of the Report:

Detailed analysis of the global market share
Market Segmentation by type, technology, distribution channel and end user.
Historical, current, and projected size of the market in terms of volume and value
Latest industry trends and developments
Competitive Landscape for Blood Glucose Test Strips Market
Strategies of major players and product offerings

The global market is majorly driven by the increasing prevalence of diabetes among the population across the globe. Apart from this, the convenience offered by self-blood glucose testing over the traditional methods is another major growth-inducing factor. Moreover, the immense support provided by the governments of various countries by introducing blood glucose testing strips at subsidized rates is creating a positive outlook for the market. Additionally, the growing awareness regarding diabetes preventive care is also providing a boost to the market.

Key Players Included in Global Blood Glucose Test Strips Market Research Report:

77 Elektronika Kft.
Abbott Laboratories
AgaMatrix Inc.
Ascensia Diabetes Care Holdings AG (PHC Holdings)
B. Braun Melsungen Aktiengesellschaft
Bioland Technology Ltd.
Bionime Corporation
BTNX Inc.
Microlife Corporation (Midas Company Limited)
Norditalia Group S.R.L.
Rossmax International Ltd.
Unistrip Technologies LLC.

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Report with TOC & List of Figure: https://www.imarcgroup.com/blood-glucose-test-strips-market

COVID-19 Impact Overview:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Key Market Segmentation:

Breakup by Type:

Thick Film Electrochemical Films
Thin Film Electrochemical Films
Optical Strips

Breakup by Technology:

Glucose Dehydrogenase (GDH)
Glucose Oxidase (GOD)
Breakup by Distribution Channel:

Online
Offline

Breakup by End User:

Individuals
Hospitals and Clinics
Others

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

TOC for the Blood Glucose Test Strips Market Research Report:

Preface
Scope and Methodology
Executive Summary
Introduction
Global Blood Glucose Test Strips Market
SWOT Analysis
Value Chain Analysis
Price Analysis
Competitive Landscape

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