The blood glucose test
strip market includes establishments involved in manufacturing test strips used
for blood sugar level measurement. Blood glucose test strips are thin paper or
plastic strips which help to monitor blood glucose level and control diabetes
symptoms. Test strips are generally used in medical devices called blood
glucose meters to test blood glucose levels.
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Blood Glucose Test Strips Market
Segments
Glucose dehydrogenase, which is a segment of the blood glucose test
strips market, had the highest
CAGR of 4% during 2013-2017; this segment is
estimated to grow at a CAGR of 6.44% during 2017-2021. This
segment includes blood glucose test strips with glucose dehydrogenase sensors.
Glucose dehydrogenase is an enzyme or protein catalyst that is used to
accelerate the oxidation of glucose to gluconic acid.
Glucose oxidase had the second highest CAGR of 2.5% during
2013-2017; this segment is estimated to grow at a CAGR of almost 3% during
2017-2021. This segment comprises blood glucose test
strips based on glucose oxidase. Glucose oxidase is a chemical used in liquid
and powder glucose laboratory reagents, urine test strips, colorimetric blood
glucose test strips, and biosensors for blood glucose monitoring.
Companies
included in the report are Roche,
Johnson & Johnson, Ascensia, Abbot Laboratories and Trividia Health.
Impact of each company on each geography with future trends and expected
mergers & acquisitions are also mentioned in the report.
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report at
Blood Glucose Test Strips Market Growth
And Trends
The global blood glucose test
strips market by value grew at a compound annual growth rate (CAGR) of 3% in
2017. This growth was mainly due to the rising prevalence of diabetes among the
general population, increasing healthcare spending in both developing and
developed countries, economic growth, and rising per capita income which lead
to greater use of diabetes care devices, and growing awareness about diabetes
care and diabetes
market in emerging countries such as China and India. Further its market
is expected to inflate at a CAGR of 6% by 2021 after considering future trends.
Blood glucose test strip
manufacturers are offering generic blood glucose test strips for the blood
test market, for as a low-cost alternative to conventional test strips.
Generic blood glucose test strips are third-party strips that work with a
variety of blood glucose meters and are much less expensive than their
counterparts.
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