Market Overview:
The global blood sugar test strips market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of diabetes, technological advancements in blood sugar test strips, and rising demand for home care testing. Based on type, the global blood sugar test strips market is segmented into glucose oxidase, glucose dehydrogenase, and other types. The glucose oxidase segment is expected to account for the largest share of the global market in 2018. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030 due to its high accuracy and reliability. Based on application, the global blood sugar test strips market is divided into hospital care, clinic care, and home care segments. The hospital care segment accounted for majority share (64%) of the total revenue generated by this market in 2017; however it is projected that this share will decline by 2030 owing mainly due growing preference for self-testing over professional testing among patients with diabetes mellitus type 2 across all regions studied herein except Asia Pacific where it will remain dominant throughoutthe forecast period .
Product Definition:
A blood sugar test strip is a small disposable strip of plastic or paper that is used to measure the amount of sugar (glucose) in a sample of blood. The test strip is inserted into a glucose meter, which reads the result and displays it on the screen. Blood sugar test strips are important for checking blood glucose levels in people with diabetes. They allow people to monitor their blood sugar levels at home and make adjustments to their diet or medication as needed.
Glucose Oxidase:
Glucose oxidase is an enzyme that catalyzes the reaction between glucose and oxygen. Glucose oxidase is used in strips to detect blood sugar levels. The presence or absence of this particularzyme in a sample determines whether the test comes out positive or negative, thus making it one ofthe most important enzymes used for testing purposes.
Glucose Dehydrogenase:
Glucose dehydrogenase is an enzyme that catalyzes the chemical reaction between glucose and water. The result of this reaction is a colorless solution containing deoxyglucose, which can be measured with the help of blood sugar test strips. These are used for testing the level of glucose in a patient’s blood using tests that provide quick and accurate results.
Application Insights:
The market is segmented by application into hospital, clinic, and home care. The hospital was the largest application segment in 2017 owing to rising prevalence of diabetes and growing awareness about self-monitoring devices. According to the International Diabetes Federation (IDF), currently more than 400 million people are living with diabetes worldwide while approximately 700 million have prediabetes symptoms. Thus, increasing incidence of type 2 diabetes is expected to drive demand for these strips in near future.
Home care testing is anticipated to be fastest-growing segment over the forecast period due largely to technological advancements that make it easier for patients with diabetes at home or remote places access these tests without professional help or medical laboratory facilities at their homes.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of patients suffering from diabetes and increased healthcare expenditure. Moreover, technological advancements such as miniaturization and automation are expected to propel the demand for blood sugar test strips in this region. Asia Pacific is expected to grow at a lucrative rate over the forecast period due to factors such as improving living standards, increasing population, rising disposable income levels, and awareness campaigns regarding early diagnosis of diabetes. Furthermore, an increase in investments by major players for development of advanced products is anticipated to drive growth during the forecast period. For instance; In May 2018; Abbott launched new Conventional (Conventional Strips with CGM) and Advanced (SmartStrips) insulin strips in India under its Sensing brand name with an aim towards providing better solutions for people with diabetes worldwide.
Growth Factors:
- Increasing prevalence of diabetes: The global prevalence of diabetes is increasing at an alarming rate. This is primarily due to the changing lifestyle and dietary habits of people across the world. As a result, there is an increased demand for blood sugar test strips, which can help in early diagnosis and treatment of diabetes.
- Technological advancements: Blood sugar test strips are witnessing rapid technological advancements, with newer products being launched in the market on a regular basis. This has helped to improve their accuracy and efficiency, thus driving their demand among consumers worldwide.
- Rising awareness about diabetes: There is a growing awareness about diabetes among people all over the world due to increasing incidences of this disease globally. This has led to an increase in demand for blood sugar test strips as they can help in early diagnosis and treatment of this condition..
Scope Of The Report
Report Attributes
Report Details
Report Title
Blood Sugar Test Strips Market Research Report
By Type
Glucose Oxidase, Glucose Dehydrogenase, Other
By Application
Hospital, Clinic, Home Care
By Companies
Bayer Healthcare AG., LifeScan, Abbott Laboratories, ARKRAY, I-SENS, Omron, B. Braun, 77 Elektronika, Nipro Dagnostics, AgaMatrix Inc, Infopia Co., LTD, ALL Medicus, TERUMO CORPORATION, Hainice Medical, SANNUO, Yicheng, Yuwell, EDAN
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Blood Sugar Test Strips Market Report Segments:
The global Blood Sugar Test Strips market is segmented on the basis of:
Types
Glucose Oxidase, Glucose Dehydrogenase, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Home Care
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bayer Healthcare AG.
- LifeScan
- Abbott Laboratories
- ARKRAY
- I-SENS
- Omron
- B. Braun
- 77 Elektronika
- Nipro Dagnostics
- AgaMatrix Inc
- Infopia Co., LTD
- ALL Medicus
- TERUMO CORPORATION
- Hainice Medical
- SANNUO
- Yicheng
- Yuwell
- EDAN
Highlights of The Blood Sugar Test Strips Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Glucose Oxidase
- Glucose Dehydrogenase
- Other
- By Application:
- Hospital
- Clinic
- Home Care
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Blood Sugar Test Strips Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Blood sugar test strips are a type of medical device used to measure blood sugar levels. They are made from a thin strip of paper or plastic that is coated with a chemical that reacts with the glucose in blood to produce an electrical signal. The signal can then be measured by a reader, which provides information about the level of glucose in the blood.
Some of the major companies in the blood sugar test strips market are Bayer Healthcare AG., LifeScan, Abbott Laboratories, ARKRAY, I-SENS, Omron, B. Braun, 77 Elektronika, Nipro Dagnostics, AgaMatrix Inc, Infopia Co., LTD, ALL Medicus, TERUMO CORPORATION, Hainice Medical, SANNUO, Yicheng, Yuwell, EDAN.
The blood sugar test strips market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Blood Sugar Test Strips Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Blood Sugar Test Strips Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Blood Sugar Test Strips Market - Supply Chain
4.5. Global Blood Sugar Test Strips Market Forecast
4.5.1. Blood Sugar Test Strips Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Blood Sugar Test Strips Market Size (000 Units) and Y-o-Y Growth
4.5.3. Blood Sugar Test Strips Market Absolute $ Opportunity
5. Global Blood Sugar Test Strips Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Blood Sugar Test Strips Market Size and Volume Forecast by Type
5.3.1. Glucose Oxidase
5.3.2. Glucose Dehydrogenase
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Blood Sugar Test Strips Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Blood Sugar Test Strips Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Clinic
6.3.3. Home Care
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Blood Sugar Test Strips Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Blood Sugar Test Strips Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Blood Sugar Test Strips Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Blood Sugar Test Strips Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Blood Sugar Test Strips Demand Share Forecast, 2019-2026
9. North America Blood Sugar Test Strips Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Blood Sugar Test Strips Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Blood Sugar Test Strips Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Clinic
9.4.3. Home Care
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Blood Sugar Test Strips Market Size and Volume Forecast by Type
9.7.1. Glucose Oxidase
9.7.2. Glucose Dehydrogenase
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Blood Sugar Test Strips Demand Share Forecast, 2019-2026
10. Latin America Blood Sugar Test Strips Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Blood Sugar Test Strips Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Blood Sugar Test Strips Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Clinic
10.4.3. Home Care
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Blood Sugar Test Strips Market Size and Volume Forecast by Type
10.7.1. Glucose Oxidase
10.7.2. Glucose Dehydrogenase
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Blood Sugar Test Strips Demand Share Forecast, 2019-2026
11. Europe Blood Sugar Test Strips Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Blood Sugar Test Strips Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Blood Sugar Test Strips Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Clinic
11.4.3. Home Care
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Blood Sugar Test Strips Market Size and Volume Forecast by Type
11.7.1. Glucose Oxidase
11.7.2. Glucose Dehydrogenase
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Blood Sugar Test Strips Demand Share, 2019-2026
12. Asia Pacific Blood Sugar Test Strips Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Blood Sugar Test Strips Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Blood Sugar Test Strips Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Clinic
12.4.3. Home Care
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Blood Sugar Test Strips Market Size and Volume Forecast by Type
12.7.1. Glucose Oxidase
12.7.2. Glucose Dehydrogenase
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Blood Sugar Test Strips Demand Share, 2019-2026
13. Middle East & Africa Blood Sugar Test Strips Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Blood Sugar Test Strips Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Blood Sugar Test Strips Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Clinic
13.4.3. Home Care
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Blood Sugar Test Strips Market Size and Volume Forecast by Type
13.7.1. Glucose Oxidase
13.7.2. Glucose Dehydrogenase
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Blood Sugar Test Strips Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Blood Sugar Test Strips Market: Market Share Analysis
14.2. Blood Sugar Test Strips Distributors and Customers
14.3. Blood Sugar Test Strips Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bayer Healthcare AG.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. LifeScan
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Abbott Laboratories
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ARKRAY
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. I-SENS
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Omron
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. B. Braun
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. 77 Elektronika
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nipro Dagnostics
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. AgaMatrix Inc
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Infopia Co., LTD
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ALL Medicus
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. TERUMO CORPORATION
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hainice Medical
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. SANNUO
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Yicheng
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Yuwell
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. EDAN
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
