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Report overview
The global Blood Glucose Testing Strip market was valued at USD 20.66 billion in 2023 and is projected to reach USD 28.61 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period (2024-2030). The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A blood glucose testing strip is a small disposable strip used with a glucose meter to measure the concentration of glucose in a drop of blood. It provides a quick and accurate way for people with diabetes to monitor their blood sugar levels at home or on-the-go.
Increasing Diabetes Prevalence: Growth in the market is driven by the rising prevalence of diabetes worldwide, which necessitates regular monitoring of blood glucose levels using testing strips.
Technological Advancements: Continuous innovations in blood glucose monitoring devices and strips, such as improved accuracy, faster results, and integration with digital health platforms, are driving market growth.
Growing Aging Population: The increasing elderly population, who are more susceptible to diabetes, contributes significantly to the demand for blood glucose testing strips.
Diabetes Management: Blood glucose testing strips are crucial for effective diabetes management, allowing patients to monitor their blood sugar levels and adjust treatment accordingly.
Accessibility and Awareness: Improving access to healthcare services and increasing awareness about the importance of regular blood glucose monitoring are boosting market demand.
Regulatory Environment: Stringent regulatory requirements and quality standards for medical devices, including blood glucose testing strips, influence market dynamics and product innovations.
Competitive Landscape: Key players in the market are focusing on product development, strategic partnerships, and geographic expansion to strengthen their market position.
Challenges: Factors such as pricing pressures, reimbursement issues, and competition from alternative monitoring technologies pose challenges to market growth.
The global key manufacturers of Blood Glucose Testing Strip include Lifescan, Bayer, Abbott, ARKRAY, I-SENS, Omron, B. Braun, 77 Elektronika and Nipro Dagnostics, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
This report aims to provide a comprehensive presentation of the global market for Blood Glucose Testing Strip, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Blood Glucose Testing Strip. This report contains market size and forecasts of Blood Glucose Testing Strip in global, including the following market information:
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Blood Glucose Testing Strip manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Blood Glucose Testing Strip Market, by Type, 2019-2024, 2025-2030 ($ Millions) & (K Units)
Global Blood Glucose Testing Strip Market Segment Percentages, by Type, 2023 (%)
Global Blood Glucose Testing Strip Market, by Application, 2019-2024, 2025-2030 ($ Millions) & (K Units)
Global Blood Glucose Testing Strip Market Segment Percentages, by Application, 2023 (%)
Global Blood Glucose Testing Strip Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions) & (K Units)
Global Blood Glucose Testing Strip Market Segment Percentages, By Region and Country, 2023 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters:
Chapter 1: Introduces the definition of Blood Glucose Testing Strip, market overview.
Chapter 2: Global Blood Glucose Testing Strip market size in revenue and volume.
Chapter 3: Detailed analysis of Blood Glucose Testing Strip manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Blood Glucose Testing Strip in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Blood Glucose Testing Strip capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
