Blood glucose test strip are small disposable strips which are used along with blood glucose meter for supervising and controlling diabetes. These strips have Glucose Oxidase, Glucose Dehydrogenase and other types of impregnated on them which reacts with glucose present in blood and helps in identifying the blood glucose level. Advances and the development in technology in the European countries has brought the new and innovative devices in the market for monitoring of the glucose level. Also in the Middle East and African market the market is slow growing but in coming it will gain good market as the number of diabetic patients is rising. Simultaneously increase in the number of diabetic patients boosted the demand of such a devices in market. Beside this increase in awareness of healthcare facilities and preventive care also driven the market. The important drivers for the glucose test strip market are convenience of continuous glucose monitoring over conventional monitoring, Increasing awareness and need for early detection of hypo and hyperglycaemic diabetes and technological advances.
Prevalence of Diabetes is rising day by day and to monitor blood glucose levels regularly with glucose monitoring devices is an important part of the diagnosis and treatment of diabetes. People suffering from type 1 or type 2 diabetes can live longer and better lives by means of carefully monitoring and regulating their blood glucose levels. High cost and lack of knowledge in handling such devices are the major restraining factors for the growth of blood glucose test strip market. Europe, Middle East & Africa market share of blood glucose test strip market and is expected to grow at the CAGR of 2.8% during forecasted period 2017-2023.
Europe, Middle East & Africa Blood Glucose Test Strip market are segmented as follows:
• On the basis of types, Glucose Oxidase, Glucose Dehydrogenase and Other.
• On the basis of End User, Hospital, Clinic and Household.
• On the basis of technology, Wicking technology and Channel technology
• On the basis of region, Europe, Middle East and Africa.
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Study Objective of Blood Glucose Test Strip Market
• To provide detailed analysis of the market structure along with forecast for the next 6 years of the various segments and sub-segments of the Europe, Middle East & Africa Blood Glucose Test Strip market
• To provide the detail information about drivers and factors restraining the market growth.
• To analyze Europe, Middle East & Africa Blood Glucose Test Strip market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to three main geographies and their countries of Europe like Germany, France Italy, Spain U.K and Rest of Europe. And the other two regions Middle East & Africa
• To provide the trends and opportunities in Europe, Middle East & Africa Blood Glucose Test Strip
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
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Some of the major players in this market are:
• Panasonic (Bayer)
• Roche Diagnostics
• Ascensia Diabetes Care Holdings
• Nipro Diagnostics
• 77 Elektronika
• ALL Medicus
• Hainice Medical
• Product manufacturers
• Government and private research companies
• Research and Development (R&D) Companies
• Hospitals and Laboratories
• Medical Research Laboratories
• Academic Medical Institutes and Universities
Regional Analysis of Blood Glucose Test Strip Market:
On regional basis, market is segmented into countries of Europe like is Germany, France, Italy, Spain U.K and Rest of Europe. While the other two major segments are Middle East and Africa. European region accounts the largest market due to a huge diabetic population. And adoption of advanced technology for medical devices. European market is the second largest revenue generator after the American market, while Middle East and Africa market witness slower growth.