Blood Glucose Test Strips Market Size, Share, Trends, Growth and Forecast 2032

Blood Glucose Test Strips Market

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, 2024 – 2032

Category: Pharmaceutical Report Format : PDF Pages: 110 Report Code: ZMR-3239 Published Date: Jul-2018 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 10.36 Billion USD 17.13 Billion 5.75% 2023

Blood Glucose Test Strips Market

Blood Glucose Test Strips Market: Industry Perspective

The global Blood Glucose Test Strips Market size was worth around USD 10.36 Billion in 2023 and is predicted to grow to around USD 17.13 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.75% between 2024 and 2032.

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 2017 to 2023 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.

The blood glucose testing strips market is driven by the sector that manufactures, distributes, and sells test strips used to measure levels of sugar in people with diabetes. These test strips are usually used in conjunction with glucose meters or glucometers, which determine the level of blood glucose on a numerical basis. The increasing incidence of diabetes worldwide has been a major factor behind the demand for glucose test strips. The disease is a lifelong condition affecting the body's ability to regulate its blood sugar levels, which requires regular monitoring of glucose in order to effectively manage diabetes. Consequently, people with diabetes regularly use test strips to monitor their blood glucose levels several times a day. Technology advancements have made it possible to develop more advanced test tubes, which include features such as lower sample sizes and quicker results, Bluetooth connectivity with mobile devices for data transmission or compatibility with continuous glucose monitoring systems. This innovation is intended to enhance the user experience, allowing better management of diabetes.

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Global Blood Glucose Test Strips Market: Growth Factors

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.

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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. 

Global Blood Glucose Test Strips Market: Segmentation

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.

Blood Glucose Test Strips Market: Report Scope

Report Attributes Report Details
Report Name Blood Glucose Test Strips Market Size Report
Market Size in 2023 USD 10.36 Billion
Market Forecast in 2032 USD 17.13 Billion
Growth Rate CAGR of 5.75%
Number of Pages 188
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered 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.
Segments Covered By Drug Technology, By Sales Channels, and By region
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

The key players in the global Blood Glucose Test Strips Market are -

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
  • Universal Biosensors
  • Beijing Yicheng Electronic Co.
  • HMD Biomedical
  • LifeScan
  • 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

Methodology

Free Analysis

FrequentlyAsked Questions

The global Blood Glucose Test Strips Market size was worth around USD 10.36 Billion in 2023 and is predicted to grow to around USD 17.13 Billion by 2032

compound annual growth rate (CAGR) of roughly 5.75% between 2024 and 2032.

The largest share of the Blood Glucose Test Strips Market is held by Asia Pacific. Developing countries of Asia Pacific such as China, Japan, and India will be dominating the market scenario mainly due to the rising constructional activities. The growth of Asia-Pacific region is expected to be followed by the Middle East and North America. Also, significant growth is expected from Western Europe owing to the developments taking place in this region especially in countries such as Italy, Germany, the U.K, France, and Spain. However, growth in Africa, Latin America, and Eastern Europe is anticipated to be moderate over the forecast period.

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.

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