The Global Blood Glucose Test Strips Market Report by The Business Research Company covers blood glucose test strips market drivers and restraints, blood glucose test strips market size, major players, and the impact of COVID-19 on the blood glucose test strips market.
The blood glucose test strips devices (or) equipment market consists of sales of blood glucose test strips and related services by entities (organizations, sole traders and partnerships) that produce blood glucose test strips. Blood glucose test strips are used to diagnose glucose levels in patients’ blood and to control diabetes. This industry includes establishments that produce blood glucose test strips used to check blood glucose levels of patients.
During the historic period, rise in diabetes prevalence contributed to the growth of the blood glucose strips market. Nutrition and lifestyle modifications led to a rise in the prevalence of all non-communicable diseases including diabetes. The International Diabetes Federation claims that almost 7 million people are diagnosed with diabetes every year. The disease continues to be the fourth leading cause of death in the world. This pool of global diabetes patients is predicted to increase to 629 million by 2045. Increase in the size of the obese population, unhealthy eating habits, physical inactivity and increasing age are some of the key factors which led to the increase in the global prevalence of diabetes during the historic period. Obesity is a major risk factor for diabetes. Increase in the number of diabetic patients increased the demand for blood glucose strips.
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Some blood glucose test strips market trends include offering generic blood glucose test strips as a low-cost alternative to test strips of major brands. Generic blood glucose test strips are third-party strips that work with a variety of blood glucose meters and are much less expensive than their counterparts. They have been proven to perform similar to or even exceed the FDA accuracy standards for blood glucose test strips. Moreover, there has been a growing popularity of test strips made from Indian silk in the blood glucose test strips market. Indian silk has wound healing properties and when combined with polypropylene creates a product with strong antibacterial properties. Clinical trials have shown that silk strips are just as accurate as paper or plastic strips. Silk strips are cost-effective and are easier to manufacture. They cost about one-quarter or one-third of the price of paper or plastic strips.
Global blood glucose test strips market segments include:
1) By Technology: Glucose Dehydrogenase, Glucose Oxidase
2) By Electrode Material Used: Thick Film Electrochemical Strips, Thin Film Electrochemical Strips, Optical Strips
3) By End Use: Homecare, Diagnostic Centers, Hospitals
4) By Expenditure: Public, Private
5) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Blood Glucose Test Strips Opportunities And Strategies: Forecast To 2023 is one of a series of new reports from The Business Research Company that provides blood glucose test strips market overviews, analyzes and forecasts market size, share, blood glucose test strips market players, blood glucose test strips market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The blood glucose test strips identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Blood Glucose Test Strips Opportunities And Strategies: Forecast To 2023 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: F. Hoffmann-La Roche AG, LifeScan, Inc., Abbott Laboratories, Ascensia Diabetes Care Holdings AG, Terumo Corporation
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Blood Glucose Test Strips Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Blood Glucose Test Strips Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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