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Blood Glucose Test Strip Trends and Forecast
The future of the global blood glucose test strip market looks promising with opportunities in the hospital, home care, and diagnostic laboratory markets. The global blood glucose test strip market is expected to reach an estimated $16.8 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are increasing prevalence of diabetes, growing awareness towards the benefits of self-monitoring blood glucose, and increasing adoption of continuous glucose monitoring (CGM) systems.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Blood Glucose Test Strip by Segment
The study includes a forecast for the global blood glucose test strip by type, technology, end use, and region.
Blood Glucose Test Strip Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Thick Film Electrochemical Films
• Thin Film Electrochemical Films
• Optical Strips
Blood Glucose Test Strip Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Glucose Oxidase
• Glucose Dehydrogenase
Blood Glucose Test Strip Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Hospitals
• Home Care
• Diagnostic Laboratories
Blood Glucose Test Strip Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Blood Glucose Test Strip Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies blood glucose test strip companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the blood glucose test strip companies profiled in this report include-
• Abbott
• F. Hoffmann-La Roche
• Lifescan IP
• i-SENS
• Ascensia Diabetes Care
• AgaMatrix
• Elektronika Sales
• Universal Biosensors
• Nipro
• TaiDoc Technology Corporation
Blood Glucose Test Strip Market Insights
Lucintel forecasts that thick film electrochemical films will remain the largest segment over the forecast period as it is more affordable for patients as well as healthcare providers.
Within this market, hospitals is expected to remain the largest segment due to growing number of patients are being diagnosed with diabetes.
North America will remain the largest region due to increasing healthcare expenditure, growing adoption of advanced technologies, and rising government intiatives to combat diabetes in the region.
Features of the Global Blood Glucose Test Strip Market
Market Size Estimates: Blood glucose test strip market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Blood glucose test strip market size by type, technology, end use, and region in terms of value ($B).
Regional Analysis: Blood glucose test strip market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, technologies, end uses, and regions for the blood glucose test strip market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the blood glucose test strip market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the blood glucose test strip market size?
Answer: The global blood glucose test strip market is expected to reach an estimated $16.8 billion by 2030.
Q.2 What is the growth forecast for blood glucose test strip market?
Answer: The global blood glucose test strip market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the blood glucose test strip market?
Answer: The major drivers for this market are increasing prevalence of diabetes, growing awareness towards the benefits of self-monitoring blood glucose, and increasing adoption of continuous glucose monitoring (CGM) systems.
Q4. What are the major segments for blood glucose test strip market?
Answer: The future of the blood glucose test strip market looks promising with opportunities in the hospital, home care, and diagnostic laboratory markets.
Q5. Who are the key blood glucose test strip market companies?
Answer: Some of the key blood glucose test strip companies are as follows:
• Abbott
• F. Hoffmann-La Roche
• Lifescan IP
• i-SENS
• Ascensia Diabetes Care
• AgaMatrix
• Elektronika Sales
• Universal Biosensors
• Nipro
• TaiDoc Technology Corporation
Q6. Which blood glucose test strip market segment will be the largest in future?
Answer: Lucintel forecasts that thick film electrochemical films will remain the largest segment over the forecast period as it is more affordable for patients as well as healthcare providers.
Q7. In blood glucose test strip market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to increasing healthcare expenditure, growing adoption of advanced technologies, and rising government intiatives to combat diabetes in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the blood glucose test strip market by type (thick film electrochemical films, thin film electrochemical films, and optical strips), technology (glucose oxidase and glucose dehydrogenase), end use (hospitals, home care, and diagnostic laboratories), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Blood Glucose Test Strip Market, Blood Glucose Test Strip Market Size, Blood Glucose Test Strip Market Growth, Blood Glucose Test Strip Market Analysis, Blood Glucose Test Strip Market Report, Blood Glucose Test Strip Market Share, Blood Glucose Test Strip Market Trends, Blood Glucose Test Strip Market Forecast, Blood Glucose Test Strip Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Blood Glucose Test Strip Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Blood Glucose Test Strip Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Blood Glucose Test Strip Market by Type
3.3.1: Thick Film Electrochemical Films
3.3.2: Thin Film Electrochemical Films
3.3.3: Optical Strips
3.4: Global Blood Glucose Test Strip Market by Technology
3.4.1: Glucose Oxidase
3.4.2: Glucose Dehydrogenase
3.5: Global Blood Glucose Test Strip Market by End Use
3.5.1: Hospitals
3.5.2: Home Care
3.5.3: Diagnostic Laboratories
3.6: Global Blood Glucose Test Strip Market by
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Blood Glucose Test Strip Market by Region
4.2: North American Blood Glucose Test Strip Market
4.2.2: North American Blood Glucose Test Strip Market by End Use: Hospitals, Home Care, and Diagnostic Laboratories
4.3: European Blood Glucose Test Strip Market
4.3.1: European Blood Glucose Test Strip Market by Type: Thick Film Electrochemical Films, Thin Film Electrochemical Films, and Optical Strips
4.3.2: European Blood Glucose Test Strip Market by End Use: Hospitals, Home Care, and Diagnostic Laboratories
4.4: APAC Blood Glucose Test Strip Market
4.4.1: APAC Blood Glucose Test Strip Market by Type: Thick Film Electrochemical Films, Thin Film Electrochemical Films, and Optical Strips
4.4.2: APAC Blood Glucose Test Strip Market by End Use: Hospitals, Home Care, and Diagnostic Laboratories
4.5: ROW Blood Glucose Test Strip Market
4.5.1: ROW Blood Glucose Test Strip Market by Type: Thick Film Electrochemical Films, Thin Film Electrochemical Films, and Optical Strips
4.5.2: ROW Blood Glucose Test Strip Market by End Use: Hospitals, Home Care, and Diagnostic Laboratories
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Blood Glucose Test Strip Market by Type
6.1.2: Growth Opportunities for the Global Blood Glucose Test Strip Market by Technology
6.1.3: Growth Opportunities for the Global Blood Glucose Test Strip Market by End Use
6.1.4: Growth Opportunities for the Global Blood Glucose Test Strip Market by Region
6.2: Emerging Trends in the Global Blood Glucose Test Strip Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Blood Glucose Test Strip Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Blood Glucose Test Strip Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Abbott
7.2: F. Hoffmann-La Roche
7.3: LifeScan IP
7.4: i-SENS
7.5: Ascensia Diabetes Care
7.6: AgaMatrix
7.7: Elektronika Sales
7.8: Universal Biosensors
7.9: Nipro
7.10: TaiDoc Technology Corporation
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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