Blood Sugar Test Strips Market is projected to reach USD 21.85 billion by 2030 : Cognitive Market Research

Market Overview:
What are Blood Sugar Test Strips?
- Blood sugar test strips are small disposable strips that are used to measure blood glucose levels in people with diabetes. These strips are inserted into a blood glucose meter, which provides a reading of the blood glucose level based on the chemical reaction that occurs on the strip.
To use a blood sugar test strip, a person pricks their finger with a lancet to obtain a small drop of blood. The blood is then placed on the test strip, which is inserted into the meter. The meter analyzes the blood and provides a reading of the person's blood glucose level, which is important for managing diabetes.

Summary:
- The Global Blood Sugar Test Strips market size stood at USD 13.07 billion in 2022 and will touch the mark of USD 21.85 billion by 2030. The global market is expected to expand at a CAGR of 6.2% between 2023 and 2030.

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Market Dynamics:
- What are the driving factors for the Blood Sugar Test Strips market?
The global prevalence of diabetes has been increasing rapidly, particularly in developing countries. This has led to a rise in demand for blood sugar test strips, as regular monitoring of blood glucose levels is an essential part of diabetes management. The aging population is another driver of the blood sugar test strips market. As people age, the risk of developing diabetes increases, leading to a greater demand for blood glucose monitoring products. Advancements in technology have led to the development of more accurate and user-friendly blood glucose meters and test strips. This has made blood glucose monitoring easier and more accessible to people with diabetes, leading to an increase in demand for blood sugar test strips. Rising healthcare expenditure, particularly in developing countries, has led to greater access to healthcare products and services, including blood sugar test strips.

Market Segmentation
Type
• Glucose Oxidase
• Glucose Dehydrogenase
• Other

Application
• Hospital
• Clinic
• Home Care
Based on applications, the market is segmented into hospitals, clinics and home care. The home care segment includes people who use blood sugar test strips to monitor their blood glucose levels at home. This segment has the largest market share, driven by factors such as the increasing prevalence of diabetes, aging population, and technological advancements that have made blood glucose monitoring easier and more accessible. The trend towards self-monitoring of blood glucose levels is expected to continue to drive growth in this segment.

The Major Players in Blood Sugar Test Strips Market are:
Bayer Healthcare AG., LifeScan Inc., Abbott Laboratories, ARKRAY, I SENS, Omron, B. Braun, 77 Elektronika, Nipro Diagnostics, AgaMatrix Inc, Infopia Co. LTD, ALL Medicus, TERUMO CORPORATION, Hainice Medical, SANNUO, Yicheng, Yuwell, EDAN

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Regional Analysis:
Which region is dominating the global Blood Sugar Test Strips market?
- On the basis of region, North America is dominating the global blood sugar test strips market. The United States has one of the highest rates of diabetes in the world, with an estimated 34.2 million people living with the disease. This has led to a high demand for blood sugar test strips, as regular monitoring of blood glucose levels is essential for managing diabetes. North America has a well-established healthcare infrastructure, with a large number of hospitals, clinics, and other healthcare facilities. This has made blood sugar test strips more accessible to people with diabetes. North America has the highest healthcare expenditure per capita in the world, which has led to greater access to healthcare products and services, including blood sugar test strips. North America is a leader in technological advancements, including in the healthcare industry. This has led to the development of more accurate and user-friendly blood glucose meters and test strips, which has increased demand for these products.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Blood Sugar Test Strips Market
• 3.1 Global Blood Sugar Test Strips Market Size 2018 - 2030, (USD Million)
• 3.2 Global Blood Sugar Test Strips Value, Absolute & Opportunity Analysis
• 3.3 Global Blood Sugar Test Strips Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Blood Sugar Test Strips Market Statistics 2022: Snapshot
Chapter 4 Global Blood Sugar Test Strips Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Blood Sugar Test Strips Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Blood Sugar Test Strips Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Blood Sugar Test Strips Market Regional Analysis
• 11.1 Detailed Qualitative Analysis
• 11.2 Global Blood Sugar Test Strips Market Revenue by Region (2018-2030)
• 11.2 Global Blood Sugar Test Strips Market Share (%) by Region (2018-2030)
Chapter 12 North America Blood Sugar Test Strips Market Outlook (2018 - 2030)
Chapter 13 Europe Blood Sugar Test Strips Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Blood Sugar Test Strips Market Outlook (2018 - 2030)
Chapter 15 Latin America Blood Sugar Test Strips Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Blood Sugar Test Strips Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)

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Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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