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Blood Glucose Test Strips Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 145 Pages
  • June 2022
  • Region: Global
  • IMARC Group
  • ID: 5615057
The global blood glucose test strips market reached a value of US$ 10.53 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 17.57 Billion by 2027, exhibiting a CAGR of 8.91% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.



Blood glucose test strips refer to small, disposable plastic or paper strips used to monitor blood glucose levels and control diabetes symptoms. They are manufactured using polyolefin, polyamide, polysulfone and cellulose materials. A blood glucose test strip comprises several components, such as hydrophilic, adhesive, sensors, enzymes and electrode layers. They are also soaked in glucose oxidase that reacts with glucose present in the blood sample to indicate sugar levels. Apart from this, blood glucose test strips are easy to use, cost-effective, and can be used daily. Consequently, they assist in identifying high or low blood sugar levels, monitoring the effectiveness of diabetes treatment, and lowering the risks of developing hypoglycemia and/or hyperglycemia.

Blood Glucose Test Strips Market Trends:


The increasing prevalence of diabetes, especially among the growing geriatric population is creating a positive outlook for the market. In line with this, blood glucose test strips are widely used to test sugar levels regularly at home, while eliminating the need to visit a diagnostic laboratory, which is supporting the market growth. Additionally, the widespread product adoption among type-2 diabetic patients due to the easy availability of glucometers, convenient handling, and the level of accuracy provided by the machine are favoring the market growth. Moreover, the demand and online sales for blood glucose monitoring devices and consumables, such as test strips significantly surged during the coronavirus disease (COVID-19) pandemic. This can be attributed to the increasing need to continuously monitor sugar levels in patients and commoners both as a precautionary measure and to record post-infection symptoms, which, in turn, is augmenting the market growth. Other factors, including extensive research and development (R&D) activities in the field of biomedical engineering, evolving lifestyles and eating habits, and the implementation of various government initiatives focusing on educating the masses regarding diabetes and its preventive measures, are anticipated to drive the market toward growth.

Key Market Segmentation:


The publisher provides an analysis of the key trends in each sub-segment of the global blood glucose test strips market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, technology, distribution channel and end user.

Breakup by Type:

  • Thick Film Electrochemical Films
  • Thin Film Electrochemical Films
  • Optical Strips

Breakup by Technology:

  • Glucose Dehydrogenase (GDH)
  • Glucose Oxidase (GOD)

Breakup by Distribution Channel:

  • Online
  • Offline

Breakup by End User:

  • Individuals
  • Hospitals and Clinics
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:


The competitive landscape of the industry has also been examined along with the profiles of the key players being 77 Elektronika Kft., Abbott Laboratories, AgaMatrix Inc., Ascensia Diabetes Care Holdings AG (PHC Holdings), B. Braun Melsungen Aktiengesellschaft, Bioland Technology Ltd., Bionime Corporation, BTNX Inc., Microlife Corporation (Midas Company Limited), Norditalia Group S.R.L., Rossmax International Ltd. and Unistrip Technologies LLC.

Key Questions Answered in This Report:

  • How has the global blood glucose test strips market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global blood glucose test strips market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global blood glucose test strips market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Blood Glucose Test Strips Market

What is the estimated value of the Global Blood Glucose Test Strips Market?

The Global Blood Glucose Test Strips Market was estimated to be valued at $10.53 Billion in 2021.

What is the growth rate of the Global Blood Glucose Test Strips Market?

The growth rate of the Global Blood Glucose Test Strips Market is 8.9%, with an estimated value of $17.57 Billion by 2027.

What is the forecasted size of the Global Blood Glucose Test Strips Market?

The Global Blood Glucose Test Strips Market is estimated to be worth $17.57 Billion by 2027.

Who are the key companies in the Global Blood Glucose Test Strips Market?

Key companies in the Global Blood Glucose Test Strips Market include 77 Elektronika Kft., Abbott Laboratories, AgaMatrix Inc., Ascensia Diabetes Care Holdings AG (PHC Holdings), B. Braun Melsungen Aktiengesellschaft, Bioland Technology Ltd., Bionime Corporation, BTNX Inc. and Norditalia Group S.R.L..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Blood Glucose Test Strips Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Thick Film Electrochemical Films
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Thin Film Electrochemical Films
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Optical Strips
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Technology
7.1 Glucose Dehydrogenase (GDH)
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Glucose Oxidase (GOD)
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Online
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Offline
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End User
9.1 Individuals
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Hospitals and Clinics
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 77 Elektronika Kft.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Abbott Laboratories
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 AgaMatrix Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Ascensia Diabetes Care Holdings AG (PHC Holdings)
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 B. Braun Melsungen Aktiengesellschaft
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 SWOT Analysis
15.3.6 Bioland Technology Ltd.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Bionime Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8 BTNX Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Microlife Corporation (Midas Company Limited)
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Norditalia Group S.R.L.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Rossmax International Ltd.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.12 Unistrip Technologies LLC
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Blood Glucose Test Strips Market: Major Drivers and Challenges
Figure 2: Global: Blood Glucose Test Strips Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Blood Glucose Test Strips Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Blood Glucose Test Strips Market: Breakup by Type (in %), 2021
Figure 5: Global: Blood Glucose Test Strips Market: Breakup by Technology (in %), 2021
Figure 6: Global: Blood Glucose Test Strips Market: Breakup by Distribution Channel (in %), 2021
Figure 7: Global: Blood Glucose Test Strips Market: Breakup by End User (in %), 2021
Figure 8: Global: Blood Glucose Test Strips Market: Breakup by Region (in %), 2021
Figure 9: Global: Blood Glucose Test Strips (Thick Film Electrochemical Films) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Blood Glucose Test Strips (Thick Film Electrochemical Films) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Blood Glucose Test Strips (Thin Film Electrochemical Films) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Blood Glucose Test Strips (Thin Film Electrochemical Films) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Blood Glucose Test Strips (Optical Strips) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Blood Glucose Test Strips (Optical Strips) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Blood Glucose Test Strips (Glucose Dehydrogenase (GDH)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Blood Glucose Test Strips (Glucose Dehydrogenase (GDH)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Blood Glucose Test Strips (Glucose Oxidase (GOD)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Blood Glucose Test Strips (Glucose Oxidase (GOD)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Blood Glucose Test Strips (Online) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Blood Glucose Test Strips (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Blood Glucose Test Strips (Offline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Blood Glucose Test Strips (Offline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Blood Glucose Test Strips (Individuals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Blood Glucose Test Strips (Individuals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Blood Glucose Test Strips (Hospitals and Clinics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Blood Glucose Test Strips (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Blood Glucose Test Strips (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Blood Glucose Test Strips (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: North America: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: North America: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: United States: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: United States: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Canada: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Canada: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Asia-Pacific: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Asia-Pacific: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: China: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: China: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Japan: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Japan: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: India: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: India: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: South Korea: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: South Korea: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Australia: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Australia: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Indonesia: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Indonesia: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Others: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Others: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Europe: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Europe: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Germany: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Germany: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: France: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: France: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: United Kingdom: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: United Kingdom: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Italy: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Italy: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Spain: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Spain: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Russia: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Russia: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Others: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Others: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Latin America: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Latin America: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Brazil: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Brazil: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Mexico: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Mexico: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Middle East and Africa: Blood Glucose Test Strips Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Middle East and Africa: Blood Glucose Test Strips Market: Breakup by Country (in %), 2021
Figure 77: Middle East and Africa: Blood Glucose Test Strips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Global: Blood Glucose Test Strips Industry: SWOT Analysis
Figure 79: Global: Blood Glucose Test Strips Industry: Value Chain Analysis
Figure 80: Global: Blood Glucose Test Strips Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Blood Glucose Test Strips Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Blood Glucose Test Strips Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Blood Glucose Test Strips Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Blood Glucose Test Strips Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Blood Glucose Test Strips Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Blood Glucose Test Strips Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Blood Glucose Test Strips Market: Competitive Structure
Table 8: Global: Blood Glucose Test Strips Market: Key Players

Companies Mentioned

  • 77 Elektronika Kft.
  • Abbott Laboratories
  • AgaMatrix Inc.
  • Ascensia Diabetes Care Holdings AG (PHC Holdings)
  • B. Braun Melsungen Aktiengesellschaft
  • Bioland Technology Ltd.
  • Bionime Corporation
  • BTNX Inc.
  • Microlife Corporation (Midas Company Limited)
  • Norditalia Group S.R.L.
  • Rossmax International Ltd.
  • Unistrip Technologies LLC.

Methodology

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