The blood glucose test strip market is presumed to garner USD 18.5 billion during the forecast period (2015-2020). The market is presumed to register 6.2 % CAGR owing to the increasing diabetic population, asserts Market Research Future (MRFR). Blood glucose test strip can be referred to as a small non-reusable plastic strip. It is a crucial component of blood glucose meters that helps to monitor and control diabetes.
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Global Blood Glucose Test Strip Market – Segments
MRFR has segmented its analysis into two Key dynamics for an easy grasp;
By Technologies: Includes Thick-Film Electrochemical, Thin Film Electrochemical, and Optical among others.
By Regions : Europe, North America, APAC and Rest-of-the-World (RoW).
Worldwide Blood Glucose Test Strip Market – Regional Analysis
North America market leads the global Blood Glucose Test Strip market with the significant market share. The market is further expected to reach astronomical amounts growing at a substantial CAGR throughout the forecast period (2017-2027). Well-developed healthcare sector, increasing prevalence of diabetes in the U.S. & Canada coupled with the high per capita healthcare expenditures of these economies, together drive the regional market growth. Moreover, presence of some of the matured market players fuels the market growth.
Europe & Asia Pacific is the second & third largest market respectively in the global Blood Glucose Test Strip market. Expected to be a fastest growing market Asia pacific region is estimated to grow rapidly over the projected period. Increasing healthcare expenditures along with favourable government policies of developing economies like India and China foster the market growth in APAC.
While the world’s second largest market of Blood Glucose Test Strip, Europe is predominantly driven by the availability of funds for research, well-developed healthcare infrastructure, huge patient population, & government support for research & development. Besides, economieshaving high healthcare expenditures such as the UK & Germany propel the growth of the Europe market.
fostering the market growth.
Some of key players profiled in the report are
- Roche Diagnostics
- Bayer Diabetes Care
- AgaMatrix Inc
- Universal Biosensors
- Nipro Diagnostics
- Apex Biotechnology Corp, B. Braun
- HMD BioMedical
- ALL Medicus
- Beijing Yicheng Electronics
- Betachek National Diagnostics
- Shanghai MicroSense
- Jiangsu Yuyue
- ACON Laboratories
Blood Glucose Test Strip Global Market – Competitive Analysis
The market of Blood Glucose Test Strip is fiercely competitive as well as fragmented due to the presence of numerous matured & small key players in the market. These market players try to gain competitive advantage through strategic partnership, acquisition, expansion, collaboration, product & technology launch. Heavy investments are transpired in the R&D to develop a completely different technology compared to their competition.
Table Of Contents
1.2 SCOPE OF THE STUDY
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 FORECAST INDICATORS
3.1 GROWTH DRIVERS
3.2 GROWTH BARRIERS
4 GLOBAL BLOOD GLUCOSE TEST STRIP MARKET
5 BLOOD GLUCOSE TEST STRIP MARKET, BY TECHNOLOGY
6 BLOOD GLUCOSE TEST STRIP MARKET, BY REGION
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