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Blood Glucose Test Strips Market - Global Industry Analysis

Blood Glucose Test Strips Market by Drug Technology (Channel Technology and Wicking Technology), By Sales Channels (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 – 2024

Published Date: 18-Jul-2018 Category: Pharmaceutical Report Format : PDF Pages: 110 Report Code: ZMR-3239 Status : Published

Global blood glucose test strips market expected to generate revenue of around USD 17.44 billion by end of 2024, growing at a CAGR of around 6.70% between 2018 and 2024. Blood glucose test strip is a small non-reusable plastic strip. It is an important component of blood glucose meter which monitors as well as controls diabetes.

Description

The report covers forecast and analysis for the blood glucose test strips market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the blood glucose test strips market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the blood glucose test strips market on a global level.

In order to give the users of this report a comprehensive view of the blood glucose test strips market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein technology, sales channel, and regional segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Blood Glucose Test Strips Market

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the market on the global and regional basis. 

The study provides a decisive view of the blood glucose test strips market by segmenting the market based on technology, sales channel, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. Based on technology, blood glucose test strips market has been segmented into channel technology and wicking technology. Based on the sales channel, the blood glucose test strips market has been segmented into hospital pharmacies, retail pharmacies, and online pharmacies. Based on region, blood glucose test strips market is further segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. 

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa with its further bifurcation into major countries including the U.S. Germany, France, the UK, China, Japan, India, and Brazil. This segmentation includes demand for blood glucose test strips market based on individual segment and sales channel in all the regions and countries.

The report also includes detailed profiles of end players such as Abbott Laboratories, Bayer Healthcare AG, B.Braun Melsungen Ag, i-SENS. Inc., AgaMatrix (US), TaiDoc Technology Corporation, BioSensors, Inc., Universal Biosensors, Beijing Yicheng Electronic Co., Ltd, HMD Biomedical, LifeScan, Inc., and F.Hoffmann-La Roche Ltd. 

This report segments the global blood glucose test strips market as follows:

Global Blood Glucose Test Strips Market: By Technology

  • Channel Technology
  • Wicking Technology

Global Blood Glucose Test Strips Market: By Sales Channel     

  • Hospital pharmacies
  • Retail pharmacies
  • Online pharmacies

Global Blood Glucose Test Strips market: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Blood Glucose Test Strips market, 2014 - 2024 (USD Billion)
    • 2.2. Global Blood Glucose Test Strips market : Snapshot
  •  
  • Chapter 3. Blood Glucose Test Strips market- Market Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Global Blood Glucose Test Strips market drivers: Impact analysis
      • 3.2.2. Alarming rise in the cases of Diabetes
      • 3.2.3. Increase in better screening and monitoring technologies
    • 3.3. Market Restraints
      • 3.3.1. Global Blood Glucose Test Strips market restraints: Impact analysis
      • 3.3.2. Lack of awareness
    • 3.4. Opportunities
      • 3.4.1. Technological advancements in Blood Glucose Test Strips market technology
    • 3.5. Porter's five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. Threat from new entrants
      • 3.5.4. Threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market attractiveness analysis
      • 3.6.1. Market attractiveness analysis, by technology segment
      • 3.6.2. Market attractiveness analysis, by sales channel segment
      • 3.6.3. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Blood Glucose Test Strips market - Competitive Landscape
    • 4.1. Company Market Share Analysis
      • 4.1.1. Global Blood Glucose Test Strips market: company market share, 2015
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Technology Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Regional Expansion
  •  
  • Chapter 5. Global Blood Glucose Test Strips market - Technology Segment Analysis
    • 5.1. Global Blood Glucose Test Strips market: Technology overview
      • 5.1.1. Global Blood Glucose Test Strips market revenue share, by Technology, 2016 and 2024
    • 5.2. Channel technology
      • 5.2.1. Global Channel technology market, 2014 - 2024(USD Billion)
    • 5.3. Wicking technology
      • 5.3.1. Global Wicking technology market, 2014 - 2024(USD Billion)
  •  
  • Chapter 6. Global Blood Glucose Test Strips market -Sales Channel Segment Analysis
    • 6.1. Global Blood Glucose Test Strips market: Sales Channel overview
      • 6.1.1. Global Blood Glucose Test Strips market revenue share, by sales channel, 2014 and 2020
    • 6.2. Hospital pharmacies
      • 6.2.1. Global Hospital pharmacies market, 2014 - 2024(USD Billion)
    • 6.3. Retail pharmacies
      • 6.3.1. Global Retail pharmacies market, 2014 - 2024(USD Billion)
    • 6.4. Online pharmacies
      • 6.4.1. Global Online pharmacies market, 2014 - 2024(USD Billion)
  •  
  • Chapter 7. Global Blood Glucose Test Strips market - Regional Segment Analysis
    • 7.1. Global Blood Glucose Test Strips market: Regional overview
      • 7.1.1. Global Blood Glucose Test Strips market revenue share, by region, 2015 and 2021
    • 7.2. North America
      • 7.2.1. North America Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
      • 7.2.2. North America Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.2.3. U.S.
        • 7.2.3.1. U.S. Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.2.3.2. U.S. Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.2.4. Canada
        • 7.2.4.1. Canada Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.2.4.2. Canada Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.2.5. Rest of North America
        • 7.2.5.1. Rest of North America Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.2.5.2. Rest of North America Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
      • 7.3.2. Europe Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.3.3. Germany
        • 7.3.3.1. Germany Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.3.3.2. Germany Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.3.4. U.K.
        • 7.3.4.1. U.K. Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.3.4.2. U.K. Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.3.5. France
        • 7.3.5.1. France Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.3.5.2. France Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.3.6. Italy
        • 7.3.6.1. Italy Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.3.6.2. Italy Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.3.7. Spain
        • 7.3.7.1. Spain Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.3.7.2. Spain Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.3.8. Russia
        • 7.3.8.1. Russia Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.3.8.2. Russia Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.3.9. Rest of Europe
        • 7.3.9.1. Rest of Europe Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.3.9.2. Rest of Europe Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
      • 7.4.2. Asia Pacific Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.4.3. China
        • 7.4.3.1. China Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.4.3.2. China Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.4.4. Japan
        • 7.4.4.1. Japan Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.4.4.2. Japan Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.4.5. India
        • 7.4.5.1. India Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.4.5.2. India Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.4.6. Australia
        • 7.4.6.1. Australia Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.4.6.2. Australia Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
      • 7.5.2. Latin America Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.5.3. Mexico
        • 7.5.3.1. Mexico Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.5.3.2. Mexico Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.5.4. Brazil
        • 7.5.4.1. Brazil Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.5.4.2. Brazil Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.5.5. Argentina
        • 7.5.5.1. Argentina Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.5.5.2. Argentina Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.5.6. Rest of Latin America
        • 7.5.6.1. Rest of Latin America Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.5.6.2. Rest of Latin America Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa Blood Glucose Test Strips market revenue, by Technology, 2014 - 2024(USD Billion)
      • 7.6.2. Middle East and Africa Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.6.3. Saudi Arabia
        • 7.6.3.1. Saudi Arabia Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.6.3.2. Saudi Arabia Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.6.4. UAE
        • 7.6.4.1. UAE Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.6.4.2. UAE Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.6.5. Qatar
        • 7.6.5.1. Qatar Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.6.5.2. Qatar Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.6.6.2. South Africa Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
      • 7.6.7. Rest of Middle East & Africa
        • 7.6.7.1. Middle East & Africa Blood Glucose Test Strips market revenue, by technology, 2014 - 2024(USD Billion)
        • 7.6.7.2. Middle East & Africa Blood Glucose Test Strips market revenue, by sales channel, 2014 - 2024(USD Billion)
  •  
  • Chapter 8. Company Profile
    • 8.1. Abbott Laboratories
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Therapy portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Bayer Healthcare AG
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Therapy portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. B.Braun Melsungen Ag
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Therapy portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. i-SENS. Inc.
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Therapy portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. AgaMatrix
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Therapy portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. TaiDoc Technology Corporation
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Therapy portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. BioSensors, Inc.
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Therapy portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Universal Biosensors
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Therapy portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Beijing Yicheng Electronic Co. Ltd.
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Therapy portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. HMD Biomedical
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Therapy portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments
    • 8.11. LifeScan, Inc.
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Therapy portfolio
      • 8.11.4. Business strategy
      • 8.11.5. Recent developments
    • 8.12. Sandoz International GmbH
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Therapy portfolio
      • 8.12.4. Business strategy
      • 8.12.5. Recent developments
    • 8.13. F.Hoffmann-La Roche Ltd.
      • 8.13.1. Overview
      • 8.13.2. Financials
      • 8.13.3. Therapy portfolio
      • 8.13.4. Business strategy
      • 8.13.5. Recent developments

Methodology

Free Analysis

Blood glucose testing or monitoring is used to determine the quantity of glucose or sugar in the patient’s bloodstream. The glucose screening is conducted to check gestational, type 1, and type 2 diabetes. The blood glucose test strips are significant tools used in the blood glucose screening or monitoring. These small strips play a very important role in assisting people suffering from diabetes to keep a check on their blood glucose levels and control the levels. A blood glucose test strip is prepared from numerous layers that help in providing precise test results. The topmost layer of the strip acts as a small sponge which soaks the blood sample. The middle layers of the glucose strips act as a filter and help in focusing the blood sample to the reaction center of the strip. The next layer of the glucose strip consists of an enzyme that reacts with the blood sugar present in the sample, a mediator chemical that helps in channelizing the electrons along with the strip’s circuit to provide an accurate reading and a mixture of chemicals that work to preserve and stabilize the mediator chemicals and enzyme. A palladium and gold covered circuit are there at the bottom of the strip that helps in transferring the electrons to the meter for final measurement.

Blood glucose test strips market is expected to have a moderate growth during the forecast period attributing to the increasing incidences of diabetes mellitus, in turn increasing the demand for screening and monitoring technologies. Furthermore, rising elderly population and the alarming rate of increasing number of type-2 diabetes mellitus are driving factors for the blood glucose test strips market. The blood glucose test strips are easy to use and do not require skilled professionals. The concentrated efforts by pharmaceutical companies, skilled health care professionals and government officials to instruct people about the importance of diabetes test strips are also anticipated to have a positive impact on the growth of the market during the forecast period. Advances in screening and monitoring technology for blood glucose are also making it suitable and easier to carry out tests among patients who are uncertain to perform tests because of infection. On the other hand, it is observed that it is quite complex to educate the diabetes patients about the significance and criticality of recurrent testing of blood glucose levels so that they can manage their blood glucose levels safely. This aspect can have a harmful impact and can hamper the growth of the blood glucose test strips market during the forecast period 2018-2024.

Global Blood Glucose Test Strips Market

Based on the technology, blood glucose test strips market has been segmented into channel technology and wicking technology. Based on the sales channel, the blood glucose test strips market has been segmented into hospital pharmacies, retail pharmacies, and online pharmacies. Based on region, blood glucose test strips market is further segmented into North America, Latin America, Europe, the Middle East & Africa, and the Asia Pacific. 

North America is anticipated to remain the principal region over the forecast period. Rising healthcare understanding and awareness about the screening and monitoring technology for diabetes is expected to boost the market in this region. Europe was the second largest market followed by the Asia Pacific. The Asia Pacific is probably expected to show the highest growth rate during the forecast period while Latin America market is projected to grow at a moderate rate during the forecast period. The Middle East and Africa region are also expected to show a noticeable growth in the years to come with increasing awareness.

Some of the key players in blood glucose test strips market include Abbott Laboratories, Bayer Healthcare AG, B.Braun Melsungen Ag, i-SENS. Inc., AgaMatrix (US), TaiDoc Technology Corporation, BioSensors, Inc., Universal Biosensors, Beijing Yicheng Electronic Co., Ltd., HMD Biomedical, LifeScan, Inc., and F.Hoffmann-La Roche Ltd., among others.

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