Global Blood Glucose Test Strips Market Size study, by Component (Blood Glucose Test strips) and Regional Forecasts 2022-2028

Global Blood Glucose Test Strips Market Size study, by Component (Blood Glucose Test strips) and Regional Forecasts 2022-2028

Global Blood Glucose Test Strips Market is valued at approximately USD XXX million in 2021 and is anticipated to grow with a healthy growth rate of more than 7% over the forecast period 2022-2028. An instrument used to measure blood glucose is known as a blood glucose test strip. It is a thin, disposable plastic strip that helps manage and monitor diabetes. The strips are covered in glucose oxidase, which interacts with the blood's glucose to indicate the blood sugar level. These are used by diabetics to monitor their blood glucose levels on a regular basis without having to go to a clinic or a diagnostic lab. The factor is driving by increase in the prevalence of diabetes among population and increase in adoption of the strips. For instance, the International Diabetes Federation (IDF) showed that 537 million adult diabetics worldwide in 2021, and that figure will rise to 643 million by 2030. One of the main causes of the illness, particularly Type 2 diabetes, is thought to be obesity. Furthermore, the expansion of government programs to combat diabetes and commercial funding to speed up diabetic R&D. Start-up companies in the diabetes sectors including Glooko, OneDrop, Verily, Vacate, Insulet, Noom, Bigfoot Biomedical, Virta Health, Diabeloop, Orgenesis, etc. are introducing innovative technology to the nation. However, lack of awareness regarding preventive care especially in the developing nations impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Blood Glucose Test Strips Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is leading the market share globally owing to the fastest adoption rate for new medical technologies and availability of healthcare reimbursements. However, Europe is expected to be the fastest growing region due to awareness programs, rising FDA approvals in the US.

Major market players included in this report are:
Abbott
Ascensia Diabetes Care
ARKRAY, Inc.
Roche
Rossmax International Ltd.
Johnson & Johnson
AgaMatrix
Bionime Corporation
ACON Laboratories, Inc.
Trividia Health, Inc.
LifeScan IP Holdings, LLC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Application offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
Blood Glucose Test strips
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Blood Glucose Test Strips Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Abbott
Ascensia Diabetes Care
ARKRAY, Inc.
Roche
Rossmax International Ltd.
Johnson & Johnson
AgaMatrix
Bionime Corporation
ACON Laboratories, Inc.
Trividia Health, Inc.
LifeScan IP Holdings, LLC

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