Global Blood Glucose Test Strip Market, By Type (Thin Film Electrochemical Films Optical Strips, and Thick Film Electrochemical Films), Technology (Glucose Dehydrogenase, Glucose Oxidase), End-Use (Home Care, Hospitals, Diagnostic Laboratories), Distribution (Online, Offline), Country (Mexico, Canada, Belgium, Switzerland, Germany, France, U.K., Italy, U.S., Turkey, Spain, Russia, Netherland, Rest of Europe, Malaysia, Indonesia, Japan, Philippines, China, South Korea, Thailand, India, Australia, Singapore, Rest of Asia-Pacific, Argentina, Brazil, Rest of South America, Israel, South Africa, UAE, Egypt, Saudi Arabia, Rest of Middle East & Africa) – Industry Share, Statics and Forecast to 2029
Blood glucose test strips are made from fabric that is embedded with electrodes, sensors, and enzymes. Test strips are thin strips of paper or plastic that help monitor blood sugar levels and manage symptoms of diabetes. Test strips are made up of several layers. The top layer consists of a small sponge to absorb the blood sample. The middle layer functions as a filter to guide the blood sample to the reaction center. The next layer is made up of an enzyme that reacts to blood sugar. Finally, the bottom layer contains an electrical circuit covered with gold and palladium to transfer the reactive electrons to the counter for analysis. When blood is placed on a test strip, it reacts with a chemical called glucose oxidase to produce gluconic acid from glucose in the blood.
According to Pheonix Research, “The global blood glucose test strips market is expected to witness a CAGR of XY% during the forecast period from 2022 to 2029.
North America dominates the blood glucose test strip market due to faster new adoption of technology, presence, and concentration of device manufacturers, high spending on healthcare, and intensive use of information technology. The Asia-Pacific region is expected to grow during the forecast period 2022-2029 due to the increase in diabetes cases in the region.
COVID-19 Impact
The global market is one of the key segments of the Blood Glucose Test Strip market and is growing at a steady rate over the forecast period. The high growth of the market can be attributed to the increasing prevalence/prevalence of diabetes globally. However, the outbreak of the COVID-19 pandemic has contributed greatly to the growth of the market. According to the study, people with diabetes who contract the COVID-19 virus have a higher mortality rate than patients without diabetes.
France, Spain, and several other countries in Europe have had high mortality rates among people with diabetes. Meanwhile, test strips are experiencing a higher growth rate as more and more people prefer to self-monitor their blood sugar at home. With the outbreak of the pandemic, online sales of blood glucose monitors and consumables like test strips have increased. However, the impact of COVID-19 is not expected to have a lasting impact on the blood glucose monitoring test strip market. Adoption of technologically advanced test strips is on the rise, therefore, is expected to increase the adoption of these devices.
Major companies in Blood Glucose Test Strip Market are LLC, OMRON Corporation, TaiDoc Technology Corporation, Inc., MEDISANA GMBH, Universal Biosensors, HMD, Inc., Shanghai MicroSense, Ltd., B. Braun Melsungen AG, i-SENS, Yuwell-Jiangsu Yuwell Medical Equipment & Supply Co., Betachek, ACON Laboratories, Elektronika Sales Pvt Ltd., Nipro, GlaxoSmithKline plc, Ascensia Diabetes Care Holdings AG, Abbott, Terumo Corporation, AgaMatrix, F. Hoffmann-La Roche Ltd, APEX BIOTECHNOLOGY CORP., LifeScan IP Holdings, Bayer AG, and Others.
Market Drivers:
• Increase in Diabetes preponderance.
Market Restraints:
• Lack of information.
The report “Global Blood Glucose Test Strip Market (2022-2029)” is segmented based on type, technology, end-use, and distribution channel. Based on type, the blood glucose test strip market is segmented into electrochemical thick film, electrochemical thin film, and optical strip. Based on technology, the blood glucose test strip market is segmented into glucose oxidase and glucose dehydrogenase. Based on end-use, the blood glucose test strip market is segmented into hospitals, home care, and diagnostic laboratories. Based on distribution channels, the market is segmented into online and offline. Covered countries are the USA and Canada in North America, Brazil, Mexico, Colombia, and the rest of Latin America as part of Latin America, Germany, Italy, United Kingdom, France, Spain, Netherlands, Belgium, Switzerland, rest of Europe in Europe, Japan, China, India, Korea, Australia, Singapore and Rest of Asia-Pacific in Asia-Pacific, GCC countries, South Africa, Rest of the Middle East and Africa in the Middle East and Africa.
Market Segmentation
By Type
• Thin Film Electrochemical Films Optical Strips
• Thick Film Electrochemical Films
By Technology
• Glucose Dehydrogenase
• Glucose Oxidase
By End-Use
• Home Care
• Hospitals
• Diagnostic Laboratories
• Distribution
• Online
• Offline
By Country