Blood Sugar Test Kit Market was valued at USD 12.5 Billion in 2022 and is projected to reach USD 19.1 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
However, the forecast for the market from 2023 to 2033 is expected to see a shift in demand dynamics, influenced by new technologies and changing consumer needs. The market is predicted to grow at a CAGR of 7.3%, driven by innovations like continuous glucose monitors (CGMs), smart blood glucose meters, and the integration of mobile apps that enable remote tracking. One of the key trends expected to dominate is the rise of non-invasive blood glucose testing solutions. These devices, using technologies like infrared and electromagnetic sensing, promise to significantly improve the patient experience by eliminating the need for finger pricks.
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The Blood Sugar Test Kit market has experienced significant growth from 2018 to 2022, largely driven by the increasing prevalence of diabetes, rising health awareness, and advancements in diagnostic technologies. Over the last five years, demand for personal blood glucose monitoring devices has surged as individuals with diabetes and pre-diabetes have become more proactive in managing their health. The growing adoption of home healthcare devices, such as blood sugar test kits, has been a key factor in this market’s expansion. As of 2022, the market was valued at approximately USD 15 billion, with a notable increase in sales due to the demand for convenient and accurate glucose measurement solutions.
Sanner
Abbott Laboratories
Wisesorbent Technology
Senseonics Holdings
77 Elektronika
Bioland Technology
Bremed
E-LinkCare Meditech
IME-DC
Lifescan
Major Biosystem Corporation
MED TRUST
Medisana
Prodigy Meter
Sanofi Diabetes
SmartLAB
TODA PHARMA
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Blood Sugar Test Kit Market
Hospital
Clinic
Household
Others
Based on Types the Market is categorized into Below types that held the largest Blood Sugar Test Kit market share In 2023.
Glucose Oxidase
PQQ-Glucos Dehydrogenase
FAD-Glucose Dehydrogenase
Hexokinase
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Blood Sugar Test Kit Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Blood Sugar Test Kit Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Blood Sugar Test Kit Market, By Type
6. Global Blood Sugar Test Kit Market, By Application
7. Global Blood Sugar Test Kit Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Blood Sugar Test Kit Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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