Global Blood Glucose Test Strips Market- Size, Outlook, Trends and Forecast (2024 – 2032)

Published : 30 Aug 2024

Report Type : Global

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Global Blood Glucose Test Strips Market- Size, Outlook, Trends and Forecast (2024 - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Global blood glucose test strip market is the one which deals with the testing of glucose in the blood which is termed as glycemia. This methodology has a vital role in diabetes management. This glucose test is segmented into two categories mainly that is wicking technology and channel technology. Global blood glucose test stripes market is valued at USD 8.45 billion in 2017 and is estimated to reach USD 15.54 billion by 2024 at a CAGR of 5.0% during forecast period.

Global Blood Glucose Test Stripes market share:

Application, technology, and geography segment the market. In use, diabetes has the most significant percentage that is in North America especially the US. Because of the betterment of the healthcare facilities provided.

Global Blood Glucose Test Stripes market size:

The highest share in the market is due to the commonness of diabetes, and the leading market presence is in North America. In the forecast period, Europe and Asia-Pacific are going to have the highest growth rate in the market with higher CAGR.

Global Blood Glucose Test Stripes market growth:

According to the survey

Global Blood Glucose Test Strips Market- Size, Outlook, Trends and Forecast (2024 - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

by World Health organisation 422 million diabetes patients in 2014 have risen from 108 million in 1980. The primary factor for global blood glucose test market growth is the population growth with the prevalence of diabetes.

Global Blood Glucose Test Stripes market industry analysis:

Global Blood Glucose test stripes market is classified as technology, application, distribution channel, and geography. In this categorisation, the growth of the market is driven by application segment as diabetes is the prevailing one in the market at present. In the technology segment, we have mainly two categories wicking technology and channel technology.

Global Blood Glucose Test Stripes market outlook:

Global blood glucose test stripes market is used to design the diabetes diagnostic devices that are to test the glucose levels in the body. All the industries or firms are trying to develop new technologies to monitor the glucose levels in the body and its predominant in North America especially the US.

Global Blood Glucose Test Stripes market Trends:

Introducing new techniques for testing the blood glucose levels is the present trend in the market. In

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Global Blood Glucose Test Strips Market- Size, Outlook, Trends and Forecast (2024 - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

2017 Abbott laboratories introduced a freestyle libre glucose monitoring system in New Zealand. Massachusetts Institute of technology media lab and Harvard medical school collaborated to R &D of dermal Abyss project where this is mainly working on diabetes and monitors the glucose levels in much more innovative manner.

Global Blood Glucose Test Stripes market Research reports:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
Identify the latest developments, market shares and strategies that are employed by the major market players, such as
Massachusetts Institute
Bayer Healthcare AG
Acon laboratories
Apex biotechnology corporation
HMD biomedical

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