Report Scope & Overview:
Glucose Test Strips Market size is estimated at USD 10,699 million in 2023, and is expected to reach USD 14,291 million by 2028, growing at a CAGR of 5.96% during the forecast period (2023-2028).
Global Glucose Test Strips Market research provides insights into consumer behavior, industry trends, and market competition through the use of various research techniques, including surveys, interviews, and data analysis. The industry serves a wide range of clients, including businesses, government agencies, and non-profit organizations. Glucose Test Strips Market is highly diverse, with a range of services and specialties, including quantitative and qualitative research, brand research, product testing, customer satisfaction research, and competitive analysis.
Overall, Glucose Test Strips market plays a crucial role in helping businesses and organizations make informed decisions based on data-driven insights. As the demand for data-driven decision-making continues to grow, Glucose Test Strips market research is expected to experience further growth and innovation in the coming years.
Glucose Test Strips Market Key Trends
Growth in diabetes prevalence: The rising prevalence of diabetes globally was a significant driver for the glucose test strips market. With more individuals diagnosed with diabetes, the demand for glucose test strips increased for regular monitoring of blood glucose levels.
Technological advancements in test strip design: Manufacturers were continuously improving the design of glucose test strips to enhance accuracy, minimize errors, and reduce the amount of blood required for testing. Some test strips incorporated advanced biosensor technology to improve precision.
Focus on user-friendly features: User-friendly features, such as easy-to-read displays, strip ejectors, and compatibility with various glucometer models, were prominent trends. These features aimed to improve the overall user experience and compliance with glucose monitoring regimens.
Wireless connectivity and data management: Some glucose test strips and glucometers were equipped with wireless connectivity, allowing users to transfer glucose readings to smartphones or other devices for easy data management and tracking.
Integration with continuous glucose monitoring (CGM) systems: The integration of glucose test strips with CGM systems enabled real-time monitoring of glucose levels and trends. This trend provided patients and healthcare professionals with comprehensive glucose data for better diabetes management.
Focus on affordability and cost-effectiveness: Manufacturers and healthcare providers sought to make glucose test strips more affordable and cost-effective for patients. This trend aimed to ensure broader access to essential diabetes management tools.
Development of alternative site testing strips: Some glucose test strip manufacturers focused on developing alternative site testing strips, allowing users to test blood samples from areas other than the fingertips, such as the forearm or palm.
Expansion in emerging markets: The glucose test strips market witnessed growth in emerging economies, driven by increasing diabetes prevalence, improving healthcare infrastructure, and rising awareness about diabetes management.
Global Glucose Test Strips Market: By Company
• Roche
• Lifescan
• Bayer
• Abbott
• ARKRAY
• I-SENS
• Omron
• B. Braun
• 77 Elektronika
• Nipro Dagnostics
• AgaMatrix
• Infopia
• All Medicus
• Terumo Corporation
• Hainice Medical
Global Glucose Test Strips Market: By Type
• Glucose Oxidase Test Strips
• Glucose Dehydrogenase Test Strips
• Other
Global Glucose Test Strips Market: By Application
• Hospital
• Clinic
• Retail
Global Glucose Test Strips Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Glucose Test Strips market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 10,699 million |
| Market Size 2028 | USD 14,291 million |
| Compound Annual Growth Rate (CAGR) | 5.96%(2023-2028) |
| Base Year | 2022 |
| Forecast Period | 2023-2032 |
| Historical Data | 2018-2022 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| By Type | • Glucose Oxidase Test Strips • Glucose Dehydrogenase Test Strips • Other |
| By Application | • Hospital • Clinic • Retail |
| Key Companies Profiled | • Roche • Lifescan • Bayer • Abbott • ARKRAY • I-SENS • Omron • B. Braun • 77 Elektronika • Nipro Dagnostics • AgaMatrix • Infopia • All Medicus • Terumo Corporation • Hainice Medical |
| Regions and Key Countries Covered | U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America |
| Customization Scope | Available on Request |
Reasons to Purchase Glucose Test Strips Market Report:
• To gain insights into market trends and dynamics: this reports provide valuable insights into industry trends and dynamics, including market size, growth rates, and key drivers and challenges.
• To identify key players and competitors: this research reports can help businesses identify key players and competitors in their industry, including their market share, strategies, and strengths and weaknesses.
• To understand consumer behavior: this research reports can provide valuable insights into consumer behavior, including their preferences, purchasing habits, and demographics.
• To evaluate market opportunities: this research reports can help businesses evaluate market opportunities, including potential new products or services, new markets, and emerging trends.
• To make informed business decisions: this research reports provide businesses with data-driven insights that can help them make informed business decisions, including strategic planning, product development, and marketing and advertising strategies.
Overall, market research reports provide businesses and organizations with valuable information that can help them make informed decisions and stay competitive in their industry. They can provide a solid foundation for business planning, strategy development, and decision-making.
Objectives of Glucose Test Strips Market Study:
The objectives of Glucose Test Strips market research report may vary depending on the specific needs and goals of the business or organization commissioning the report. However, some common objectives of market research reports include:
• Understanding the market size and potential: One of the primary objectives of Glucose Test Strips market research is to understand the size and potential of a particular market. This includes analyzing market trends and dynamics, identifying key players and competitors, and assessing the demand for products or services.
• Identifying target customers and segments: this market research reports can help businesses identify and understand their target customers and market segments, including their preferences, behaviors, and demographics. This information can be used to develop targeted marketing and advertising strategies.
• Evaluating product or service performance: this market research reports can provide valuable insights into the performance of products or services, including customer satisfaction, product usage, and product quality. This information can be used to improve products or services and enhance customer satisfaction.
• Assessing market opportunities and threats: this market research reports can help businesses identify potential market opportunities and threats, including emerging trends, competitive threats, and new market entrants. This information can be used to develop strategic plans and make informed business decisions.
• Developing effective marketing and advertising strategies: this market research reports can help businesses develop effective marketing and advertising strategies by providing insights into customer preferences and behavior, competitive dynamics, and market trends. This can help businesses improve brand awareness, customer engagement, and overall marketing effectiveness.
Overall, the objectives of Glucose Test Strips market research report are to provide businesses and organizations with valuable insights and data-driven recommendations that can help them make informed business decisions and stay competitive in their industry.
Frequently Asked Questions
Glucose Test Strips Market size is estimated at USD 10,699 million in 2023, and is expected to reach USD 14,291 million by 2028, growing at a CAGR of 5.96% during the forecast period (2023-2028).
The major types of glucose test strips available in the market include test strips for self-monitoring of blood glucose (SMBG) and test strips used in continuous glucose monitoring (CGM) systems. SMBG test strips are used for individual blood glucose testing, while CGM test strips are part of continuous glucose monitoring systems that provide real-time glucose data.
Market growth of glucose test strips is driven by factors such as the increasing prevalence of diabetes globally, technological advancements in test strip design, growing demand for user-friendly features, integration with CGM systems, and the expansion of diabetes management in emerging markets.
Challenges in the glucose test strips market include the need for continuous technological improvements to ensure accurate glucose readings, competition from alternative diabetes monitoring technologies, affordability and cost-effectiveness considerations, and the impact of regulatory requirements on product approvals.
Prominent players in the glucose test strips market include companies such as Roche Diabetes Care, Abbott Laboratories, LifeScan (a Johnson & Johnson company), Ascensia Diabetes Care, and Medtronic plc, among others. These companies are major manufacturers and suppliers of glucose test strips globally.
TABLE OF CONTENT
1.1 Product Overview and Scope of Glucose Test Strips
1.2 Glucose Test Strips Segment by Type
1.2.1 Global Glucose Test Strips Market Value Comparison by Type (2023-2029)
1.2.2 Glucose Oxidase Test Strips
1.2.3 Glucose Dehydrogenase Test Strips
1.2.4 Other
1.3 Glucose Test Strips Segment by Application
1.3.1 Global Glucose Test Strips Market Value by Application: (2023-2029)
1.3.2 Hospital
1.3.3 Clinic
1.3.4 Retail
1.4 Global Glucose Test Strips Market Size Estimates and Forecasts
1.4.1 Global Glucose Test Strips Revenue 2017-2032
1.4.2 Global Glucose Test Strips Sales 2017-2032
1.4.3 Global Glucose Test Strips Market Average Price (2017-2032)
1.5 Assumptions and Limitations
2 Glucose Test Strips Market Competition by Manufacturers
2.1 Global Glucose Test Strips Sales Market Share by Manufacturers (2017-2023)
2.2 Global Glucose Test Strips Revenue Market Share by Manufacturers (2017-2023)
2.3 Global Glucose Test Strips Average Price by Manufacturers (2017-2023)
2.4 Global Glucose Test Strips Industry Ranking 2021 VS 2022 VS 2023
2.5 Global Key Manufacturers of Glucose Test Strips, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Glucose Test Strips, Product Type & Application
2.7 Glucose Test Strips Market Competitive Situation and Trends
2.7.1 Glucose Test Strips Market Concentration Rate
2.7.2 The Global Top 5 and Top 10 Largest Glucose Test Strips Players Market Share by Revenue
2.7.3 Global Glucose Test Strips Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.8 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Glucose Test Strips Retrospective Market Scenario by Region
3.1 Global Glucose Test Strips Market Size by Region: 2018 Versus 2022 Versus 2029
3.2 Global Glucose Test Strips Global Glucose Test Strips Sales by Region: 2017-2032
3.2.1 Global Glucose Test Strips Sales by Region: 2017-2023
3.2.2 Global Glucose Test Strips Sales by Region: 2023-2032
3.3 Global Glucose Test Strips Global Glucose Test Strips Revenue by Region: 2017-2032
3.3.1 Global Glucose Test Strips Revenue by Region: 2017-2023
3.3.2 Global Glucose Test Strips Revenue by Region: 2023-2032
3.4 North America Glucose Test Strips Market Facts & Figures by Country
3.4.1 North America Glucose Test Strips Market Size by Country: 2018 VS 2023 VS 2032
3.4.2 North America Glucose Test Strips Sales by Country (2017-2032)
3.4.3 North America Glucose Test Strips Revenue by Country (2017-2032)
3.4.4 U.S.
3.4.5 Canada
3.5 Europe Glucose Test Strips Market Facts & Figures by Country
3.5.1 Europe Glucose Test Strips Market Size by Country: 2018 VS 2023 VS 2032
3.5.2 Europe Glucose Test Strips Sales by Country (2017-2032)
3.5.3 Europe Glucose Test Strips Revenue by Country (2017-2032)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Glucose Test Strips Market Facts & Figures by Country
3.6.1 Asia Pacific Glucose Test Strips Market Size by Country: 2018 VS 2023 VS 2032
3.6.2 Asia Pacific Glucose Test Strips Sales by Country (2017-2032)
3.6.3 Asia Pacific Glucose Test Strips Revenue by Country (2017-2032)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 Taiwan
3.6.10 Indonesia
3.6.11 Thailand
3.6.12 Malaysia
3.6.13 Philippines
3.7 Latin America Glucose Test Strips Market Facts & Figures by Country
3.7.1 Latin America Glucose Test Strips Market Size by Country: 2018 VS 2023 VS 2032
3.7.2 Latin America Glucose Test Strips Sales by Country (2017-2032)
3.7.3 Latin America Glucose Test Strips Revenue by Country (2017-2032)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Glucose Test Strips Market Facts & Figures by Country
3.8.1 Middle East and Africa Glucose Test Strips Market Size by Country: 2018 VS 2023 VS 2032
3.8.2 Middle East and Africa Glucose Test Strips Sales by Country (2017-2032)
3.8.3 Middle East and Africa Glucose Test Strips Revenue by Country (2017-2032)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 U.A.E
4 Segment by Type
4.1 Global Glucose Test Strips Sales by Type (2017-2032)
4.1.1 Global Glucose Test Strips Sales by Type (2017-2023)
4.1.2 Global Glucose Test Strips Sales by Type (2023-2032)
4.1.3 Global Glucose Test Strips Sales Market Share by Type (2017-2032)
4.2 Global Glucose Test Strips Revenue by Type (2017-2032)
4.2.1 Global Glucose Test Strips Revenue by Type (2017-2023)
4.2.2 Global Glucose Test Strips Revenue by Type (2023-2032)
4.2.3 Global Glucose Test Strips Revenue Market Share by Type (2017-2032)
4.3 Global Glucose Test Strips Price by Type (2017-2032)
5 Segment by Application
5.1 Global Glucose Test Strips Sales by Application (2017-2032)
5.1.1 Global Glucose Test Strips Sales by Application (2017-2023)
5.1.2 Global Glucose Test Strips Sales by Application (2023-2032)
5.1.3 Global Glucose Test Strips Sales Market Share by Application (2017-2032)
5.2 Global Glucose Test Strips Revenue by Application (2017-2032)
5.2.1 Global Glucose Test Strips Revenue by Application (2017-2023)
5.2.2 Global Glucose Test Strips Revenue by Application (2023-2032)
5.2.3 Global Glucose Test Strips Revenue Market Share by Application (2017-2032)
5.3 Global Glucose Test Strips Price by Application (2017-2032)
6 Key Companies Profiled
6.1 Roche
6.1.1 Roche Corporation Information
6.1.2 Roche Description and Business Overview
6.1.3 Roche Glucose Test Strips Sales, Revenue and Gross Margin (2017-2023)
6.1.4 Roche Glucose Test Strips Product Portfolio
6.1.5 Roche Recent Developments/Updates
6.2 Lifescan
6.2.1 Lifescan Corporation Information
6.2.2 Lifescan Description and Business Overview
6.2.3 Lifescan Glucose Test Strips Sales, Revenue and Gross Margin (2017-2023)
6.2.4 Lifescan Glucose Test Strips Product Portfolio
6.2.5 Lifescan Recent Developments/Updates
6.3 Bayer
6.3.1 Bayer Corporation Information
6.3.2 Bayer Description and Business Overview
6.3.3 Bayer Glucose Test Strips Sales, Revenue and Gross Margin (2017-2023)
6.3.4 Bayer Glucose Test Strips Product Portfolio
6.3.5 Bayer Recent Developments/Updates
6.4 Abbott
6.4.1 Abbott Corporation Information
6.4.2 Abbott Description and Business Overview
6.4.3 Abbott Glucose Test Strips Sales, Revenue and Gross Margin (2017-2023)
6.4.4 Abbott Glucose Test Strips Product Portfolio
6.4.5 Abbott Recent Developments/Updates
6.5 ARKRAY
6.5.1 ARKRAY Corporation Information
6.5.2 ARKRAY Description and Business Overview
6.5.3 ARKRAY Glucose Test Strips Sales, Revenue and Gross Margin (2017-2023)
6.5.4 ARKRAY Glucose Test Strips Product Portfolio
6.5.5 ARKRAY Recent Developments/Updates
6.6 I-SENS
6.6.1 I-SENS Corporation Information
6.6.2 I-SENS Description and Business Overview
6.6.3 I-SENS Glucose Test Strips Sales, Revenue and Gross Margin (2017-2023)
6.6.4 I-SENS Glucose Test Strips Product Portfolio
6.6.5 I-SENS Recent Developments/Updates
6.7 Omron
6.6.1 Omron Corporation Information
6.6.2 Omron Description and Business Overview
6.6.3 Omron Glucose Test Strips Sales, Revenue and Gross Margin (2017-2023)
6.4.4 Omron Glucose Test Strips Product Portfolio
6.7.5 Omron Recent Developments/Updates
6.8 B. Braun
6.8.1 B. Braun Corporation Information
6.8.2 B. Braun Description and Business Overview
6.8.3 B. Braun Glucose Test Strips Sales, Revenue and Gross Margin (2017-2023)
6.8.4 B. Braun Glucose Test Strips Product Portfolio
6.8.5 B. Braun Recent Developments/Updates
6.9 77 Elektronika
6.9.1 77 Elektronika Corporation Information
6.9.2 77 Elektronika Description and Business Overview
6.9.3 77 Elektronika Glucose Test Strips Sales, Revenue and Gross Margin (2017-2023)
6.9.4 77 Elektronika Glucose Test Strips Product Portfolio
6.9.5 77 Elektronika Recent Developments/Updates
6.10 Nipro Dagnostics
6.10.1 Nipro Dagnostics Corporation Information
6.10.2 Nipro Dagnostics Description and Business Overview
6.10.3 Nipro Dagnostics Glucose Test Strips Sales, Revenue and Gross Margin (2017-2023)
6.10.4 Nipro Dagnostics Glucose Test Strips Product Portfolio
6.10.5 Nipro Dagnostics Recent Developments/Updates
6.11 AgaMatrix
6.11.1 AgaMatrix Corporation Information
6.11.2 AgaMatrix Glucose Test Strips Description and Business Overview
6.11.3 AgaMatrix Glucose Test Strips Sales, Revenue and Gross Margin (2017-2023)
6.11.4 AgaMatrix Glucose Test Strips Product Portfolio
6.11.5 AgaMatrix Recent Developments/Updates
6.12 Infopia
6.12.1 Infopia Corporation Information
6.12.2 Infopia Glucose Test Strips Description and Business Overview
6.12.3 Infopia Glucose Test Strips Sales, Revenue and Gross Margin (2017-2023)
6.12.4 Infopia Glucose Test Strips Product Portfolio
6.12.5 Infopia Recent Developments/Updates
6.13 All Medicus
6.13.1 All Medicus Corporation Information
6.13.2 All Medicus Glucose Test Strips Description and Business Overview
6.13.3 All Medicus Glucose Test Strips Sales, Revenue and Gross Margin (2017-2023)
6.13.4 All Medicus Glucose Test Strips Product Portfolio
6.13.5 All Medicus Recent Developments/Updates
6.14 Terumo Corporation
6.14.1 Terumo Corporation Corporation Information
6.14.2 Terumo Corporation Glucose Test Strips Description and Business Overview
6.14.3 Terumo Corporation Glucose Test Strips Sales, Revenue and Gross Margin (2017-2023)
6.14.4 Terumo Corporation Glucose Test Strips Product Portfolio
6.14.5 Terumo Corporation Recent Developments/Updates
6.15 Hainice Medical
6.15.1 Hainice Medical Corporation Information
6.15.2 Hainice Medical Glucose Test Strips Description and Business Overview
6.15.3 Hainice Medical Glucose Test Strips Sales, Revenue and Gross Margin (2017-2023)
6.15.4 Hainice Medical Glucose Test Strips Product Portfolio
6.15.5 Hainice Medical Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Glucose Test Strips Industry Chain Analysis
7.2 Glucose Test Strips Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Glucose Test Strips Production Mode & Process
7.4 Glucose Test Strips Sales and Marketing
7.4.1 Glucose Test Strips Sales Channels
7.4.2 Glucose Test Strips Distributors
7.5 Glucose Test Strips Customers
8 Glucose Test Strips Market Dynamics
8.1 Glucose Test Strips Industry Trends
8.2 Glucose Test Strips Market Drivers
8.3 Glucose Test Strips Market Challenges
8.4 Glucose Test Strips Market Restraints
9 Research Finding and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
Roche
Lifescan
Bayer
Abbott
ARKRAY
I-SENS
Omron
B. Braun
77 Elektronika
Nipro Dagnostics
AgaMatrix
Infopia
All Medicus
Terumo Corporation
Hainice Medical
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