Blood Glucose Test Strips Market Overview
The Blood Glucose Test Strips Market was valued at $12.41 billion in 2021 and is anticipated to increase at a CAGR of 6.3% from 2023 to 2030 to reach $21.32 billion.
The global Blood Glucose Test Strips market is expected to rise at a considerable rate over the stated period. Diabetes is anticipated to rise exponentially over the world as a result of changes in lifestyle and other variables such as hunger and genetic abnormalities. Diabetes is a major deadly disease, according to numerous government and corporate groups involved in the diabetes business. With the government's backing, a large number of global manufacturers are focusing on the research and manufacture of novel diabetic solutions in order to address the medical needs of patients. The US Food and Drug Administration (FDA) recently granted 510(k) clearance to DarioHealth Corp., the maker of the Dario blood glucose monitoring system, as well as its components such as the meter, test strips, and apps, for use on Apple iOS 6.1 and higher. In the near future, such significant breakthroughs are projected to boost the global blood glucose test strips market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Technology, Distribution Channel, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Abbott Laboratories,AgaMatrix, Inc.,(Ascensia Diabetes Care Holdings AG) PHC Holdings Corporation,F. Hoffmann-La Roche Ltd.,LifeScan, Inc. (Johnson & Johnson),Sanofi,Trividia Health, Inc.,B. Braun Holding GmbH & Co. KG.,Roche,Bayer,ARKRAY,I-SENS.,Omron,77 Elektronika,Nipro Dagnostics,Infopia,All Medicus,Terumo Corporation |
Covid-19 Impact on Blood Glucose Test Strips Market
In addition, the current Blood Glucose Test Strips Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Blood Glucose Test Strips Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Blood Glucose Test Strips Market Segment Overview
According to Technology, the Wicking Technology segment is expected to dominate the global blood glucose test market. It is anticipated that it maintains dominance in the forecast period. This is because of a rise in usage among patients to achieve accurate results during testing. Furthermore, the channel technology segment is expected to lose market share in the forecast period. The rise in demand for correct results in a short time and less focus of key players on the development of strips through channel technology are prime aspects propelling the segment. Based on the distribution channel, the Retail Pharmacy is a major segment in the market. On the other hand, the Hospital Pharmacy segment is expected to lose market share during the forecast period owing to an increase in preference for self-care testing among patients for diabetes monitoring.
Blood Glucose Test Strips Market, By Technology
· Wicking Technology
· Channel Technology
Blood Glucose Test Strips Market, By Distribution Channel
· Retail Pharmacy
· Hospital Pharmacy
· Online Retailer
Blood Glucose Test Strips Market Regional Overview
Geographically, North America held a maximum share of the global blood glucose test strips market. Europe is another major region for the market. Furthermore, the market in the Asia Pacific is projected to rise at a considerable rate in the forthcoming years. An increase in the prevalence of diabetes and awareness about the treatment and usage of different devices to treat diabetes in countries such as Brazil, Saudi Arabia, and South Africa are expected to boost the market in Latin America and Middle East & Africa.
Blood Glucose Test Strips Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Blood Glucose Test Strips Market, Key Players
· Abbott Laboratories
· AgaMatrix, Inc.
· (Ascensia Diabetes Care Holdings AG) PHC Holdings Corporation
· F. Hoffmann-La Roche Ltd.
· LifeScan, Inc. (Johnson & Johnson)
· Sanofi
· Trividia Health, Inc.
· B. Braun Holding GmbH & Co. KG.
· Roche
· Bayer
· ARKRAY
· I-SENS.
· Omron
· 77 Elektronika
· Nipro Dagnostics
· Infopia
· All Medicus
· Terumo Corporation
Frequently Asked Questions (FAQ) :
Q1. Which Segments are covered in the Blood Glucose Test Strips Market report?
Technology, Distribution Channel, and Region these segments are covered in the Blood Glucose Test Strips market report
Q2. Which segment is projected to hold the largest share in the Blood Glucose Test Strips Market?
Wicking Technology segment is projected to hold the largest share in the Blood Glucose Test Strips Market.
Q3. Which are the parts of the Technology segment in the Blood Glucose Test Strips market?
Wicking Technology, Channel Technology are parts of the Technology segment in the Blood Glucose Test Strips market
Q4. Which region holds the largest share in the Blood Glucose Test Strips market?
North America held the largest share in the global Blood Glucose Test Strips market
Q5. Which are the prominent players in the Blood Glucose Test Strips Market?
Abbott Laboratories, AgaMatrix, Inc., (Ascensia Diabetes Care Holdings AG) PHC Holdings Corporation, F. Hoffmann-La Roche Ltd., LifeScan, Inc. (Johnson & Johnson), Sanofi, Trividia Health, Inc., B. Braun Holding GmbH & Co. KG. are some key players in the Blood Glucose Test Strips Market
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Blood Glucose Test Strips Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Technology
- 5.2.1. Wicking Technology
- 5.2.2. Channel Technology
- 5.3. Market Analysis, Insights and Forecast – By Distribution Channel
- 5.3.1. Retail Pharmacy
- 5.3.2. Hospital Pharmacy
- 5.3.3. Online Retailer
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Blood Glucose Test Strips Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Technology
- 6.2.1. Wicking Technology
- 6.2.2. Channel Technology
- 6.3. Market Analysis, Insights and Forecast – By Distribution Channel
- 6.3.1. Retail Pharmacy
- 6.3.2. Hospital Pharmacy
- 6.3.3. Online Retailer
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Blood Glucose Test Strips Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Technology
- 7.2.1. Wicking Technology
- 7.2.2. Channel Technology
- 7.3. Market Analysis, Insights and Forecast – By Distribution Channel
- 7.3.1. Retail Pharmacy
- 7.3.2. Hospital Pharmacy
- 7.3.3. Online Retailer
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Blood Glucose Test Strips Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Technology
- 8.2.1. Wicking Technology
- 8.2.2. Channel Technology
- 8.3. Market Analysis, Insights and Forecast – By Distribution Channel
- 8.3.1. Retail Pharmacy
- 8.3.2. Hospital Pharmacy
- 8.3.3. Online Retailern
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Blood Glucose Test Strips Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Technology
- 9.2.1. Wicking Technology
- 9.2.2. Channel Technology
- 9.3. Market Analysis, Insights and Forecast – By Distribution Channel
- 9.3.1. Retail Pharmacy
- 9.3.2. Hospital Pharmacy
- 9.3.3. Online Retailer
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2021
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Abbott Laboratories
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. AgaMatrix, Inc.
- 10.6. (Ascensia Diabetes Care Holdings AG) PHC Holdings Corporation
- 10.7. F. Hoffmann-La Roche Ltd.
- 10.8. LifeScan, Inc. (Johnson & Johnson)
- 10.9. Sanofi
- 10.10. Trividia Health, Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
