Blood Glucose Test Strip Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

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?