Market Overview:
The global blood glucose strips and meter market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of diabetes, technological advancements in blood glucose meters, and rising awareness about diabetes management. The blood glucose test strips segment is expected to dominate the global market during the forecast period owing to the high demand for these products for self-monitoring of blood sugar levels by people with diabetes. The household application segment is projected to grow at a higher CAGR than other applications during the forecast period due to increasing adoption of home care by people with diabetes. Geographically, North America dominates the global market for blood glucose strips and meters due to early adoption of new technologies, large population base affected by diabetes, and well-developed healthcare infrastructure.
Product Definition:
A blood glucose strip is a small piece of plastic or paper that has been treated with chemicals so that it will change color when it comes into contact with sugar in the blood. A meter is a device used to measure the amount of sugar in the blood. Blood glucose strips and meters are important because they allow people with diabetes to monitor their blood sugar levels. This information helps people make decisions about their diet, exercise, and medication.
Blood Glucose Test Strips:
Blood glucose test strips are used for testing the blood sugar level in patients suffering from diabetes. The test strip is a small device containing a chemical that reacts with the sugar and enables easy detection of the results. These strips can be used with any blood glucose meter, which helps in quick and accurate results.
The global Blood Glucose Test Strips, it's usage.
Blood Glucose Meter:
A blood glucose meter is a device used to measure the sugar level in the blood. The most common use of this device is to check if a patient has diabetes or not. Blood glucose meters are also used for monitoring and detecting low sugar levels in patients suffering from diabetes, which helps them manage their disease better. This device consists of two test strips and an applicator stick, which can be used with any type of testing kits that come along with it.
Application Insights:
The global market is segmented by application into hospital, household and others. The hospital segment dominated the market in 2017 owing to increasing prevalence of diabetes and rising demand for point-of-care testing. According to the International Diabetes Federation, currently approximately 463 million people have diabetes and this number is expected to reach 700 million by 2050 globally.
Furthermore, growing awareness about self-monitoring devices such as blood glucose meters has resulted in increased usage at home among patients with type 2 diabetes mellitus. These factors are anticipated to increase product demand in near future periodicals.
Regional Analysis:
North America dominated the global blood glucose strips and meter market in 2017. This is due to the presence of a large patient pool, high awareness levels coupled with relatively higher healthcare expenditure levels in this region as compared to other regions. Moreover, technological advancements such as miniaturization of devices and development of advanced software for data management are also expected to drive growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as increasing prevalence of diabetes coupled with rising disposable income especially in developing countries like India and China which has led it being called The Biggest Loser by some international media outlets due its huge investments lost because of this disease (Diabetes). However, there are still many opportunities for new players coming into this space who have better technologies at lower prices thus making treatment more affordable for patients thereby driving demand over next eight years.
Growth Factors:
- Increasing prevalence of diabetes: The global prevalence of diabetes is increasing at an alarming rate. This is expected to drive the demand for blood glucose strips and meters in the coming years.
- Rising awareness about diabetes: There is a growing awareness about diabetes among people all over the world. This is likely to increase the demand for blood glucose strips and meters in the near future.
- Technological advancements: The technology used in blood glucose strips and meters is constantly evolving, which is resulting in better products being available in the market. This will help to fuel growth of this market in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Blood Glucose Strips and Meter Market Research Report
By Type
Blood Glucose Test Strips, Blood Glucose Meter
By Application
Hospital, Household
By Companies
Roche, LifeScan, Abbott, Ascensia, ARKRAY, I-SENS, Omron, B. Braun, 77 Elektronika, AgaMatrix, ALL Medicus, Terumo, Sinocare, Yicheng, Yuwell, Acon
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
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Blood Glucose Strips and Meter Market Report Segments:
The global Blood Glucose Strips and Meter market is segmented on the basis of:
Types
Blood Glucose Test Strips, Blood Glucose Meter
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, Household
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:
- Roche
- LifeScan
- Abbott
- Ascensia
- ARKRAY
- I-SENS
- Omron
- B. Braun
- 77 Elektronika
- AgaMatrix
- ALL Medicus
- Terumo
- Sinocare
- Yicheng
- Yuwell
- Acon
Highlights of The Blood Glucose Strips and Meter 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:
- Blood Glucose Test Strips
- Blood Glucose Meter
- By Application:
- Hospital
- Household
- 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 Glucose Strips and Meter 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 glucose strips and meters are medical devices used to measure blood sugar levels.
Some of the key players operating in the blood glucose strips and meter market are Roche, LifeScan, Abbott, Ascensia, ARKRAY, I-SENS, Omron, B. Braun, 77 Elektronika, AgaMatrix, ALL Medicus, Terumo, Sinocare, Yicheng, Yuwell, Acon.
The blood glucose strips and meter market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Blood Glucose Strips and Meter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Blood Glucose Strips and Meter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Blood Glucose Strips and Meter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Blood Glucose Strips and Meter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Blood Glucose Strips and Meter Market Size & Forecast, 2020-2028
4.5.1 Blood Glucose Strips and Meter Market Size and Y-o-Y Growth
4.5.2 Blood Glucose Strips and Meter Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Blood Glucose Test Strips
5.2.2 Blood Glucose Meter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Household
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Blood Glucose Strips and Meter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Blood Glucose Strips and Meter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Blood Glucose Test Strips
9.6.2 Blood Glucose Meter
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Household
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Blood Glucose Test Strips
10.6.2 Blood Glucose Meter
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Household
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Blood Glucose Test Strips
11.6.2 Blood Glucose Meter
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Household
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Blood Glucose Test Strips
12.6.2 Blood Glucose Meter
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Household
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Blood Glucose Test Strips
13.6.2 Blood Glucose Meter
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Household
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Blood Glucose Strips and Meter Market: Competitive Dashboard
14.2 Global Blood Glucose Strips and Meter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Roche
14.3.2 LifeScan
14.3.3 Abbott
14.3.4 Ascensia
14.3.5 ARKRAY
14.3.6 I-SENS
14.3.7 Omron
14.3.8 B. Braun
14.3.9 77 Elektronika
14.3.10 AgaMatrix
14.3.11 ALL Medicus
14.3.12 Terumo
14.3.13 Sinocare
14.3.14 Yicheng
14.3.15 Yuwell
14.3.16 Acon
