Global Blood Glucose Test Stripes Market – Growth, Trends and Forecast (2017 – 2022)
The market accounted for USD XX million in 2016 and estimated to reach USD XX million in 2017. The market value is expected to reach USD XX million by 2022, and is expected to grow at a CAGR of XX% from 2016 to 2021.
Global Blood Glucose Test Strips market is growing at a considerable rate owing to factors such as Increase in disease monitoring, increasing prevalence of diabetes and Simplified usage procedure with instant results. The key opportunity for Global Blood Glucose Test Strips market is Test strips are mass market products. However, Lack of innovation since several years is the key challenge faced by the market. The massive untapped markets in the emerging countries is creating a lot of opportunities for the Global Blood Glucose Test Strips market and is expected to grow at a considerable rate during the forecast period.
Drivers and Restraints:
Increase in disease monitoring, increasing prevalence of diabetes and simplified usage procedure with instant results are driving factors for Global Blood Glucose Test Strips market. Market restraints include developed markets reached saturation, high cost per strip and extreme difficulty in product differentiation Global Blood Glucose Test Strips Market segmentation:
Global Blood glucose test stripes Market is segmented by technology into
Based on mode of distribution into
The market is segmented by geography into North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Spain), Asia-Pacific (China, India, Japan, Australia, South Korea), Middle East and Africa (GCC Countries, Egypt, South Africa) and South America (Brazil, Argentina). North America, especially the US, accounted for the largest market share. The Europe and Asia-Pacific markets are expected to grow at a higher CAGR during the forecast period. Economic development and betterment of healthcare facilities are propelling the growth of the market.
Some of the largest market players in the Blood Glucose Test Strips market are
Acon Laboratories, Inc,
Apex Biotechnology Corporation.
Ascensia Diabetes Care Holdings Ag
B.Braun Melsungen Ag.
Market analysis for the global Blood glucose test stripes market, with region specific assessments and competition analysis.
Market definition along with the identification of key drivers, restraints opportunities and challenges.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with company profiles of key players with the analysis of their current strategic interests and key financial information.
Identification and analysis of the macro and micro factors that affect the global Blood glucose test stripes market.
Insights of the market in the regions that have the highest potential for growth and to also identify the markets that are still untapped.
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