Blood Glucose Test Strips Market Global - Forecast till 2023

Blood Glucose Test Strips Market
Global Industry Survey, Growth, Competitive Landscape
and Forecasts to 2027
CREATED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)

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Blood Glucose Test Strips Market Global Research
Report - Forecast till 2023
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Market Insights:
• Blood Glucose Test Strips also known as diabetes test strips are used to monitor the glucose level in the patients suffering from diabetes and thus control
and manage the disease. Over the period, along with the technological advancements, these test strips have evolved significantly since the day of its
invention. From using a dye-based technology to electrochemical technology, getting completely digitalized to one test strip, gluco plus blood ketone tests,
and combo test strips; these strips have come a long way.
• Witnessing huge demand for these strips, the blood glucose test strips are growing pervasively owing to the prevalence of diabetes and the efficacy of
these strips demonstrated in keeping a tab on diabetes levels. Substantial investments transpired into on R&D activities are paying off well by increasing
the market size, bringing further perfections to the product.
• Recognizing the kind of growth the market is witnessing currently, Market Research Future (MRFR) recently published a study report. According to MRFR,
continuing with the same trends, the global blood glucose test strips market is projected to grow exponentially by 2017, registering a modest CAGR
between 2017 and 2027.
• Additionally, advancements in the medical science & healthcare industry growing along with the growing population, and urbanization drive the market
growth, witnessing the increasing inclination of people towards the sedentary lifestyle. Simultaneously, improving economic conditions are supporting the
market growth, availing access to the quality healthcare, and increasing the healthcare expenditures.
• On the other hand, lack of awareness among the patients about the advantages of improved test strips is expected to restrain the market growth during
the review period. Besides, the unmet clinical needs and the unavailability of external funding observed mainly in the developing regions are presenting
challenges to the market growth. However, augmenting demand for the personal, hand-held diagnostic devices along with the demand for the test strips
that can give fastest & accurate results are expected to fuel the market growth.

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Blood Glucose Test Strips Market Global Research Report -
Forecast till 2023
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Segmentation Analysis
• For the convenience of understanding, MRFR has segmented the report into
two key dynamics.
• By Technologies: Comprises Thin Film Electrochemical, Thick Film
Electrochemical, and Optical among others.
• By Regions: North America, Europe, APAC and Rest-of-the-World (RoW).
• Report Details @ https://www.marketresearchfuture.com/reports/global-blood-glucose-test-strip-market-976

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Blood Glucose Test Strips Market Global Research Report -
Forecast till 2023
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• Geographical Analysis
The North America market accounts for the dominating market for blood glucose test strip globally, with the
substantial market share. The market is further expected to continue with its dominance throughout the review
period (2017-2027). Increasing prevalence of diabetes coupled with the high per capita healthcare expenditures and
presence of a well-developed healthcare sector, in the U.S. & Canada commutatively drive the market growth in the
region. Furthermore, the presence of matured market players in the region reasons the increase in the market
growth.
• Europe, the world’s second-largest market for blood glucose test strip, is predominantly driven by the welldeveloped
healthcare infrastructure, availability of funds for research, huge patient population, and the
governmental support for research & development. Moreover, economies such as the UK & Germany propel the
growth of the Europe market, witnessing the high healthcare expenditures.
• The Asia Pacific market is emerging as one of the promising markets for the blood glucose test strip, globally. The
region is expected to be the fastest growing market, proliferating over the projected period. Increasing healthcare
expenditures along with the favorable government policies of some of the developing economies such as India
and China support the market growth in APAC largely
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Blood Glucose Test Strips Market Global Research Report -
Forecast till 2023
www.marketresearchfuture.com
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Market Research Future
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