Blood Glucose Test Strip Market size is estimated to be USD 5.45 Billion in 2024 and is expected to reach USD 9.75 Billion by 2033 at a CAGR of 7.2% from 2026 to 2033.
In 2022, the global blood glucose test strip market was valued at approximately USD 11.6 billion and is projected to reach around USD 18.9 billion by 2028, reflecting a compound annual growth rate (CAGR) of 8.2% during the forecast period. North America held the largest market share, with the United States accounting for approximately 52% of the global market. Europe also demonstrated significant growth potential, emerging as the fastest growing market during this period. In the Asia Pacific region, China and Japan each contributed about 33% to the regional market share, while South Korea accounted for approximately 14%. The increasing prevalence of diabetes, particularly among the aging population, has been a primary driver for the markets expansion. Advancements in technology have led to the development of user friendly and accurate blood glucose monitoring devices, encouraging widespread adoption. Government initiatives aimed at raising awareness about diabetes management and improving access to healthcare resources have further bolstered market growth. Additionally, the growing demand for point of care testing and home based glucose monitoring solutions presents lucrative opportunities for market players to innovate and expand their product offerings.
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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
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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. 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 Glucose Test Strip Market
Standard Test Strips
Smart Test Strips
Multi-Care Test Strips
Continuous Glucose Monitor (CGM) Strips
Self-Monitoring of Blood Glucose (SMBG)
Continuous Glucose Monitoring (CGM)
Clinical Diagnostics
Pharmaceutical Research
Hospitals
Clinics
Homecare Settings
Research Institutions
Online Retailing
Pharmacies
Hypermarkets and Supermarkets
Direct Sales
Electrochemical Technology
Photometric Technology
Enzymatic Technology
Non-Invasive Technology
US (United States, US 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 Glucose Test Strip 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 Glucose Test Strip Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Blood Glucose Test Strip Market, By Type
6. Global Blood Glucose Test Strip Market, By Application
7. Global Blood Glucose Test Strip Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Blood Glucose Test Strip Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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