Blood glucose test strips are thin paper or plastic strips
that are used to monitor blood glucose levels to help control diabetes. The segments in the blood
glucose test strips market are based on the type of the reactive enzyme used in
the strips—glucose oxidase and glucose dehydrogenase, and by the type of the
electrode used— thick film, thin film, and optical. Glucose dehydrogenase-based
test strips are the most accurate and specific of the strips and account for
two-thirds of all sales.
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The global blood glucose test strips
market has shown moderate growth in the past
years with a CAGR of around 3%. The year 2017 recorded highest ever market
value in this industry as per TBRC’s inhouse consultants.
TBRC’s latest
report show the historic and future trends in the market for each year with
sourced reasons to support the growth claims.
The report also
shows the blood glucose test strips market to
grow at a higher CAGR by 2021 as compared to 2017, along with geographies best
suited for investments with highest return rate.
Sample report:
Governments around the world are investing in programs to
help raise awareness and support research and development (R&D) in the
field of diabetes. The US State Department’s National Institutes of Health and
Centers for Disease Control and Prevention jointly launched the National
Diabetes Education Program to educate and sensitize people about the risks and
methods of prevention of diabetes.
The program includes organizations, health care
professionals, community health workers, and community-based organizations that
partner with people with diabetes or who are at risk for diabetes.
TBRC’s latest report will cover in
depth understanding and calculated impacts of each market factor on a global as
well as regional level, to analyze the best investment strategy for this
market.
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Companies
included in the report are LifeScan, Roche Holding AG, Abbott Laboratories, F.
Hoffmann-La Roche Ltd and Roche Diabetes.
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