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.
Some of the key questions
answered in this exclusive report are:
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?
Market Segmentation:
In this market, thick
film electrochemical films, thin film electrochemical films, and optical strips
are the major segments of blood glucose test strip market by type. 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.
Abbott, F. Hoffmann-La
Roche, Lifescan IP, i-SENS, Ascensia Diabetes Care, AgaMatrix, Elektronika Sales,
Universal Biosensors, Nipro, and TaiDoc Technology Corporation are the major
suppliers in the blood glucose test strip market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
Related Reports
1. Pharmaceutical Contract Manufacturing Market
3. Stent Market
5. 3D
Printing Medical Device Market
8. Medical Lifting Sling
Market
10. Stretcher Market
No comments:
Post a Comment