Business

Blood Glucose Test Strips Market 2021 to 2024: Demand and Global Outlook, Scope and Analysis by Top Manufacturers, Supply and Demand Status Analysis

Blood Glucose Test Strips

The “Blood Glucose Test Strips Market” research report presents an in-depth analysis of the market size, growth, share, segments, manufacturers, and forecast, competition landscape, and growth opportunity. The research for the Global Blood Glucose Test Strips Market collects and analyzes numerical data related to services and products. This research gives you an idea of what your target audience needs to understand, need and want. Blood Glucose Test Strips Market research collects data about customers, marketing strategies, and competitors.

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Market Overview:

  • As a part of diabetes treatment, constant monitoring of glucose levels is required. Blood glucose levels if not monitored regularly can lead to severe complications. Diabetes management process is an expensive service. At the large scale, patients use blood glucose test strips. The retail cost of these strips varies from 50 cents per piece to as high as USD 5 per strip.
  • Price is often a significant concern for the purchase of blood glucose test strips. Although various countries, like the United Kingdom, provide reimbursements for prescribed test strips, the majority of the patients have to pay for them from their pockets.
  • The frequency of monitoring glucose levels depends on the type of diabetes and varies from patient to patient.
  • Type 1 diabetic patients need to check their blood glucose levels at regular intervals to monitor their blood glucose levels and adjust the insulin dosing accordingly.
  • Therefore, if a patient performs 5-6 tests in a day, the average expenditure on test strips would be over USD 180/month. These expenses add to the already high diabetes management costs and are impeding the market growth.

    Top Key Players Are:

  • Abbott Diabetes Care
  • Roche
  • Johnson & Johnson
  • Arkray
  • Ascensia Diabetes Care
  • Agamatrix Inc.
  • Bionime Corporation
  • Acon
  • Trivida
  • Rossmax

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    Key Market Trends: – Increased Awareness Among Type 2 Diabetic Patients is Driving the Blood Glucose Test Strips Market

    Due to the ease in handling glucometers, patients are now preferring to use them for their personal use (home use).
    Measuring blood glucose levels is essential to take or alter the medication accordingly, especially insulin users. Within seconds, glucometers provide the blood glucose levels with accuracy. There is constant upgradation in glucometers for better use and more efficiency.
    Approximately 10% of diabetic population contributes to Type 1 diabetes and 90% contributes to Type 2 diabetes.
    About 90% of Type 1 patients are using glucometer in their daily routines, and 25% of Type 2 patients are using the glucometers.
    Due to the sedentary lifestyle, the blood glucose levels for Type 2 diabetes patients are not under control, and this is causing the patients to regularly monitor their blood glucose levels to avoid further complications of diabetes.
    Thus, the aforementioned factor has increased the demand for the blood glucose test strips market.

    North America to Dominate the Market

    Globally, North America accounted for the largest share of 58.33% in 2017, owing to the availability of healthcare reimbursements and the fastest adoption rate for new medical technologies.
    Europe is also a leading region in the global blood glucose test strips market. North America is the fastest-growing region for the market and portrays a massive potential for growth in the future, due to the increasing government initiatives to combat diabetes and corporate investments to streamline R&D in diabetes.

    Vital Pointers Counted:

    • Product consumption patterns
    • A valuation that each of these regions accounts for in the industry
    • Market share which every region holds
    • Consumption market share across the geographies
    • Product consumption growth rate
    • Geographical consumption rate

    Reasons to Purchase This Report: –

    • Analysing the outlook of the Blood Glucose Test Strips market with the recent trends and Porter’s five forces analysis
    • To study current and future market outlook in the developed and emerging markets
    • Market dynamics scenario, along with growth opportunities of the market in the years to come
    • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
    • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
    • Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
    • Distribution Channel Sales Analysis by Value
    • Competitive landscape involving the market share of major players, along with the new product launch and strategies adopted by players in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategy employed by the major market players

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    Detailed TOC of Blood Glucose Test Strips Market – Segmented by Geography – Growth, Trend, and Forecast:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Drivers
    4.3 Restraints
    4.4 Porter’s Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Component (Value and Volume, 2012-2024)
    5.1.1 Blood Glucose Test Strips
    5.2 By End User
    5.2.1 Hospital (Value and Volume, 2012-2024)
    5.2.2 Personal (Value and Volume, 2012-2024)
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States (Value and Volume, 2012-2024)
    5.3.1.1.1 By Component (Blood Glucose Test Strips)
    5.3.1.1.2 By End User (Hospital and Home)
    5.3.1.2 Canada (Value and Volume, 2012-2024)
    5.3.1.2.1 By Component (Blood Glucose Test Strips)
    5.3.1.2.2 By End User (Hospital and Home)
    5.3.1.3 Rest of North America (Value and Volume, 2012-2024)
    5.3.1.3.1 By Component (Blood Glucose Test Strips)
    5.3.1.3.2 By End User (Hospital and Home)
    5.3.2 Europe
    5.3.2.1 France (Value and Volume, 2012-2024)
    5.3.2.1.1 By Component (Blood Glucose Test Strips)
    5.3.2.1.2 By End User (Hospital and Home)
    5.3.2.2 Germany (Value and Volume, 2012-2024)
    5.3.2.2.1 By Component (Blood Glucose Test Strips)
    5.3.2.2.2 By End User (Hospital and Home)
    5.3.2.3 Italy (Value and Volume, 2012-2024)
    5.3.2.3.1 By Component (Blood Glucose Test Strips)
    5.3.2.3.2 By End User (Hospital and Home)
    5.3.2.4 Spain (Value and Volume, 2012-2024)
    5.3.2.4.1 By Component (Blood Glucose Test Strips)
    5.3.2.4.2 By End User (Hospital and Home)
    5.3.2.5 United Kingdom (Value and Volume, 2012-2024)
    5.3.2.5.1 By Component (Blood Glucose Test Strips)
    5.3.2.5.2 By End User (Hospital and Home)
    5.3.2.6 Russia (Value and Volume, 2012-2024)
    5.3.2.6.1 By Component (Blood Glucose Test Strips)
    5.3.2.6.2 By End User (Hospital and Home)
    5.3.2.7 Rest of Europe (Value and Volume, 2012-2024)
    5.3.2.7.1 By Component (Blood Glucose Test Strips)
    5.3.2.7.2 By End User (Hospital and Home)
    5.3.3 Latin America
    5.3.3.1 Mexico (Value and Volume, 2012-2024)
    5.3.3.1.1 By Component (Blood Glucose Test Strips)
    5.3.3.1.2 By End User (Hospital and Home)
    5.3.3.2 Brazil (Value and Volume, 2012-2024)
    5.3.3.2.1 By Component (Blood Glucose Test Strips)
    5.3.3.2.2 By End User (Hospital and Home)
    5.3.3.3 Rest of Latin America (Value and Volume, 2012-2024)
    5.3.3.3.1 By Component (Blood Glucose Test Strips)
    5.3.3.3.2 By End User (Hospital and Home)
    5.3.4 Asia-Pacific
    5.3.4.1 Japan (Value and Volume, 2012-2024)
    5.3.4.1.1 By Component (Blood Glucose Test Strips)
    5.3.4.1.2 By End User (Hospital and Home)
    5.3.4.2 South Korea (Value and Volume, 2012-2024)
    5.3.4.2.1 By Component (Blood Glucose Test Strips)
    5.3.4.2.2 By End User (Hospital and Home)
    5.3.4.3 China (Value and Volume, 2012-2024)
    5.3.4.3.1 By Component (Blood Glucose Test Strips)
    5.3.4.3.2 By End User (Hospital and Home)
    5.3.4.4 India (Value and Volume, 2012-2024)
    5.3.4.4.1 By Component (Blood Glucose Test Strips)
    5.3.4.4.2 By End User (Hospital and Home)
    5.3.4.5 Australia (Value and Volume, 2012-2024)
    5.3.4.5.1 By Component (Blood Glucose Test Strips)
    5.3.4.5.2 By End User (Hospital and Home)
    5.3.4.6 Vietnam (Value and Volume, 2012-2024)
    5.3.4.6.1 By Component (Blood Glucose Test Strips)
    5.3.4.6.2 By End User (Hospital and Home)
    5.3.4.7 Malaysia (Value and Volume, 2012-2024)
    5.3.4.7.1 By Component (Blood Glucose Test Strips)
    5.3.4.7.2 By End User (Hospital and Home)
    5.3.4.8 Indonesia (Value and Volume, 2012-2024)
    5.3.4.8.1 By Component (Blood Glucose Test Strips)
    5.3.4.8.2 By End User (Hospital and Home)
    5.3.4.9 Philippines (Value and Volume, 2012-2024)
    5.3.4.9.1 By Component (Blood Glucose Test Strips)
    5.3.4.9.2 By End User (Hospital and Home)
    5.3.4.10 Thailand (Value and Volume, 2012-2024)
    5.3.4.10.1 By Component (Blood Glucose Test Strips)
    5.3.4.10.2 By End User (Hospital and Home)
    5.3.4.11 Rest of Asia-Pacific (Value and Volume, 2012-2024)
    5.3.4.11.1 By Component (Blood Glucose Test Strips)
    5.3.4.11.2 By End User (Hospital and Home)
    5.3.5 Middle East & Africa
    5.3.5.1 Saudi Arabia (Value and Volume, 2012-2024)
    5.3.5.1.1 By Component (Blood Glucose Test Strips)
    5.3.5.1.2 By End User (Hospital and Home)
    5.3.5.2 Iran (Value and Volume, 2012-2024)
    5.3.5.2.1 By Component (Blood Glucose Test Strips)
    5.3.5.2.2 By End User (Hospital and Home)
    5.3.5.3 Egypt (Value and Volume, 2012-2024)
    5.3.5.3.1 By Component (Blood Glucose Test Strips)
    5.3.5.3.2 By End User (Hospital and Home)
    5.3.5.4 Oman (Value and Volume, 2012-2024)
    5.3.5.4.1 By Component (Blood Glucose Test Strips)
    5.3.5.4.2 By End User (Hospital and Home)
    5.3.5.5 South Africa (Value and Volume, 2012-2024)
    5.3.5.5.1 By Component (Blood Glucose Test Strips)
    5.3.5.5.2 By End User (Hospital and Home)
    5.3.5.6 Rest of Middle & Africa (Value and Volume, 2012-2024)
    5.3.5.6.1 By Component (Blood Glucose Test Strips)
    5.3.5.6.2 By End User (Hospital and Home)

    6 MARKET INDICATORS
    6.1 Type 1 Diabetes Population (2012-2024)
    6.2 Type 2 Diabetes Population (2012-2024)

    7 COMPETITIVE LANDSCAPE
    7.1 COMPANY PROFILES
    7.1.1 Abbott Diabetes Care
    7.1.2 Roche
    7.1.3 Johnson & Johnson
    7.1.4 Arkray
    7.1.5 Ascensia Diabetes Care
    7.1.6 Agamatrix Inc.
    7.1.7 Bionime Corporation
    7.1.8 Acon
    7.1.9 Trivida
    7.1.10 Rossmax

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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