The strong prevalence of diabetes has been pushing for various research and development activities to find feasible therapeutics. For diabetic patients, it is essential to keep track of sugar level at least a few times every day and the advent of blood glucose test strips has relief. These test strip are disposable are impregnated with glucose oxidase, which can react with glucose presence in the blood stream and indicates glucose level. According to a recent business intelligence study by Transparency Market Research (TMR), the demand in the global blood glucose test strips market will expand at a notable CAGR during the forecast period of 2017 to 2025. The report, titled “Blood Glucose Test Strips Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” targets audiences such as manufacturers and suppliers of these strips, research and development companies pertaining to healthcare, hospitals and clinics, and academic institutes and universities.
The report is a comprehensive study of the lucrativeness of the global blood glucose test strips market and provides evaluations and estimations in terms of US dollar million. It contains an executive summary, analysis of market dynamics such as trends, drivers, and challenges, segments it into smaller aspects, gauges the potential of demand that can be expected out of various important countries and regions, finishes off with a featured section on the competitive landscape, wherein several prominent players have been profiled.
Based on technology, the blood glucose test strips market can be segmented into wicking technology and channel technology. Distribution network bifurcation of the market can be done into retail pharmacies, hospital pharmacies, and online pharmacies. Geographically, North America, Europe, and Asia Pacific have been identified as the most lucrative regional markets.
Bayer Healthcare AG, Abbott Laboratories, HMD Biomedical, B.Braun Melsungen Ag, F.Hoffmann-La Roche Ltd., and LifeScan, Inc. are a few key companies currently ahead of the curve in the global blood glucose test strips market.
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