Blood Glucose Meters and Test Strips Market size is estimated to be USD 14.0 Billion in 2024 and is expected to reach USD 22.0 Billion by 2033 at a CAGR of 5.5% from 2026 to 2033.
South Korea’s Blood Glucose Meters and Test Strips Market is rapidly evolving due to increasing concerns about diabetes and other chronic conditions. As the prevalence of diabetes continues to rise, there has been a surge in demand for blood glucose monitoring devices, particularly in both the medical and home healthcare sectors. The market for blood glucose meters and test strips is now an integral part of the healthcare ecosystem, reflecting the growing need for effective, real-time monitoring solutions for patients managing diabetes.
The demand for blood glucose meters and test strips in South Korea is being driven by several factors. With a significant portion of the population diagnosed with Type 2 diabetes, there is an urgent need for cost-effective and efficient monitoring systems. Blood glucose meters provide immediate insights, and test strips allow for frequent testing without the need for hospital visits. This increasing reliance on home-based health monitoring is fueling the growth of the market.
One key requirement from industries and healthcare providers is the development of devices that offer quick, accurate, and non-invasive testing. South Korean manufacturers are responding by innovating and producing meters with advanced technology, such as Bluetooth connectivity for data transmission, accuracy improvement, and user-friendly interfaces. These features are especially appealing for both patients and healthcare professionals who rely on precise and actionable results.
The market is also influenced by the need for sustainable solutions. The demand for eco-friendly and affordable test strips is growing as patients are encouraged to perform daily monitoring. The affordability factor has led to greater adoption of blood glucose meters, as more individuals opt for at-home testing to avoid regular doctor visits. Many test strip brands are now becoming more affordable, making them accessible to a wider population and contributing to the market's expansion.
Moreover, industries are increasingly seeking solutions that integrate seamlessly into digital health systems, such as mobile health applications, which can track glucose levels and generate insights. These devices are essential for individuals with diabetes, allowing them to manage their condition more effectively without relying solely on traditional healthcare settings. The future of the South Korean Blood Glucose Meters and Test Strips Market lies in continuous innovation to meet both the technological and affordability needs of consumers.
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Roche
Omron
B. Braun
Ascensia
ARKRAY
I-SENS
LifeScan
Abbott Laboratories
77 Elektronika
AgaMatrix
ALL Medicus
Terumo Corporation
Dexcom
Medtronic
Yuwell
Sinocare
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 South Korea Blood Glucose Meters and Test Strips Market
Blood Glucose Meters
Test Strips
Control Solutions
Lancets
Strip-Based Meters
Continuous Glucose Monitoring (CGM) Systems
Flash Glucose Monitoring Systems
Wearable Devices
Home Care Settings
Hospitals
Diagnostic Centers
Ambulatory Surgical Centers
Pharmacies
Online Retail
Hypermarkets/Supermarkets
Medical Equipment Distributors
Daily Users
Weekly Users
Monthly Users
Occasional Users
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Blood Glucose Meters and Test Strips 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. South Korea Blood Glucose Meters and Test Strips Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Blood Glucose Meters and Test Strips Market, By Type
6. South Korea Blood Glucose Meters and Test Strips Market, By Application
7. South Korea Blood Glucose Meters and Test Strips Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Blood Glucose Meters and Test Strips Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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