The latest report on the Global Blood Glucose Test Strips Market suggests a positive growth rate in the coming years. Analysts have studied the historical data and compared it with the current market scenario to determine the trajectory this market will take in the coming years. The investigative approach taken to understand the various aspects of the market is aimed at giving the readers a holistic view of the Global Blood Glucose Test Strips Market. The research report provides an exhaustive research report that includes an executive summary, definition, and scope of the market.
Blood Glucose Test Strips are simple plastic strips that are used with a glucose meter to monitor the levels of glucose in human body.
The global Blood Glucose Test Strips market is valued at 870 million US$ in 2018 is expected to reach 1330 million US$ by the end of 2025, growing at a CAGR of 5.5% during 2019-2025.
Along with the development of Chinese domestic technology, there is a lot Chinese local manufacturer can produce blood glucose test strips (along with glucose meters), with the increasing demand, more and more manufactures will go into blood glucose test strips industry.
The classification of Blood Glucose Test Strips includes Glucose Oxidase, Glucose Dehydrogenase and other, and the proportion of Glucose Oxidase in 2016 is about 51%.
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Blood Glucose Test Strips is widely used to treat Hospital, Clinic and Household. The most proportion of Blood Glucose Test Strips is used for household, and the sales proportion is about 73.5% in 2016.
Europe region is the largest supplier of Blood Glucose Test Strips, with a production market share nearly 36.6% in 2016. North America is the second largest supplier of Blood Glucose Test Strips, enjoying production market share nearly 30.7% in 2016.
North America is the largest sales place, with a sales market share nearly 31.9% in 2016. Following North America, Europe is the second largest sales place with the sales market share of 29.2%.
Market competition is intense. Roche, LIFESCAN, Abbott, Panasonic (Bayer), etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
Global Blood Glucose Test Strips Market: Segmentation
Key Players Mentioned in the Global Blood Glucose Test Strips Market Research Report:
Roche, LIFESCAN, Abbott, Panasonic (Bayer), ARKRAY, I-SENS, Omron, B. Braun, Nipro Diagnostics, 77 Elektronika, AgaMatrix, Infopia, ALL Medicus, Terumo, Hainice Medical, SANNUO, Yicheng, Yuwell, EDAN
Glucose Oxidase, Glucose Dehydrogenase, Other
Hospital, Clinic, Household
The Global Blood Glucose Test Strips Market is segmented based on technology, products, services, and applications. The segmentation is intended to give the readers a detailed understanding of the global market and the essential factors comprising it. This allows giving a better description of the drivers, restraints, threats, and opportunities. It also notes down socio-economic factors that are impacting the trajectory of the Global Blood Glucose Test Strips Market.
Global Blood Glucose Test Strips Market: Regional Segmentation
The chapter on regional segmentation details the regional aspects of the Global Blood Glucose Test Strips Market. This chapter explains the regulatory framework that is likely to impact the overall market. It highlights the political scenario in the market and the anticipates its influence on the Global Blood Glucose Test Strips Market.
- The Middle East and Africa (GCC Countries and Egypt)
- North America (the United States, Mexico, and Canada)
- South America (Brazil etc.)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Global Blood Glucose Test Strips Market: Research Methodology
Analysts have aimed at providing readers with accurate and precise data about the market. For the same reason, they have employed primary and secondary research methodologies. The research report uses top-down and bottom-up approaches for segmentation, interviews for collecting primary data, and various calculative methods for putting together secondary data.
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Strategic Points Covered in TOC:
Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the Global Blood Glucose Test Strips Market.
Chapter 2: Evaluating the leading manufacturers of the Global Blood Glucose Test Strips Market which consists of its revenue, sales, and price of the products.
Chapter 3: Displaying the competitive nature among key manufacturers, with market share, revenue, and sales.
Chapter 4: Presenting Global Blood Glucose Test Strips Market by regions, market share and with revenue and sales for the projected period.
Chapter 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.