Knowledge Sourcing Intelligence announces the publication of a new report on “Blood Glucose Test Strips Market - Forecasts from2020 to 2025" to their offering.
Blood glucose test strips or diabetes test strips are small disposable plastic strips that are used inside a glucose monitor for the measurement of blood sugar. The growing prevalence of diabetes is one of the prime factors supplementing the market growth.
According to the report, the blood glucose test strips market is projected to increase at a CAGR of 5.31% in the coming years.
The major factors that are driving the blood glucose test strips market growth include the growing prevalence of diabetes throughout the globe, especially across the developing economies primarily due to the unhealthy lifestyles of the people. Furthermore, the rising geriatric population is also considered to be a key factor supplementing the market growth during the next five years. The integration of technology has led to the increased affordability of portable glucometers, this coupled with the growing inclination towards home care is also anticipated to be one of the opportunities for the market to propel in the near future. Additionally, the busy and hectic lifestyles in both the developed and developing economies is bolstering the demand for various convenience goods, thus augmenting the use of portable glucometers, which is further positively impacting the blood glucose strips market growth during the next five years.
On the basis of the type of diabetes, the market has been segmented into Type I Diabetes and Type II Diabetes, the type II diabetes segment is projected to hold a noteworthy share on account of the high prevalence of type II diabetes.
Geographically, the market has been segmented on the basis of North America, South America, Middle East and Africa, Europe, and Asia Pacific. The North American region is expected to hold a decent market share on account of the presence of a considerably large proportion of health-savvy population coupled with the availability of a well-established healthcare sector. Furthermore, the presence of key market players in the region is also a key factor bolstering the blood glucose test strips market growth in the North American region throughout the forecast period.
The major players covered as part of the report are Medtronic, Johnson & Johnson, AgaMatrix, Inc., Abbott Diabetes Care, Arkray, and Roche among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/blood-glucose-test-strips-market
This report has segmented the blood sugar test strips marketon the basis following terms: