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Global blood glucose test strips market is estimated to reach USD 15.54 billion by 2024 according to new research report

Global blood glucose test strips market is estimated to reach USD 15.54 billion by 2024 according to new research report

The report "GLOBAL BLOOD GLUCOSE TEST STRIPS MARKET SEGMENTED BY TECHNOLOGY (WICKING TECHNOLOGY, CHANNEL TECHNOLOGY), DISTRIBUTION CHANNEL (RETAIL PHARMACIES, HOSPITAL PHARMACIES, AND ONLINE PHARMACIES) AND APPLICATION BY GEOGRAPHY AND FORECAST (2018-2024)”.

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The global blood glucose test strips market is estimated to grow to USD 15.54 Billion by 2024 from USD 8.45 Billion in 2017, growing at a CAGR 5.0% from 2018 to 2024.A blood glucose test strip is a small-scale expendable plastic strip an essential component of blood glucose meters that controls and monitors diabetes. Blood glucose test strips are soaked with glucose oxidase, and that reacts with glucose present in the blood and then shows the glucose level in the blood.

Report: www.envisioninteligence.com/indust…st-strips-market/

Wicking technology holds the most significant share of the blood glucose test strips.

By technology, the blood glucose test strips are segmented as wicking technology, channel technology.Among these, wicking technology holds the most significant share in the blood glucose test strips market owing to have a small sample of blood while taking into test strips and gets accurate readings and less pain and faster results.

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Hospital pharmacies hold the most significant share of the blood glucose test strips market.

By distribution type, blood glucose test strips market is segmented as retail, hospital, online pharmacies. Among these, hospital pharmacies hold the most significant share of the blood glucose test strips owing to a high number of diabetics patients and maximum percentage concerning revenue.

Online stores follow hospital pharmacies due to having a prescription and non-prescription diabetes care devices is anticipated to drive the segment in the forecast period.

Type 1 is expected to have the massive demand during forecast period 

By application type, blood glucose test strips market is segmented as type 1, type 2 and gestational diabetes. Among these, type 1 is anticipated to grow at the highest CAGR during the forecast period owing to enhancement in product launches of glucose monitors that are used for better management of type 1.

North America holds the most significant market share in the blood glucose test strips market

By geography, in North American regions, the U.S holds the most significant share in the blood glucose test strips market owing to the rise in the patient population and innovation in technology. The Asia Pacific and Europe regions are expected to grow by forecast period due to increase in the prevalence of diabetes, improving research on diabetes and continuous innovation in technologies.Some of the key vendors in the blood glucose test strips are Becton, Abbott Laboratories, Massachusetts Institute, Bayer Healthcare AG, Acon laboratories, Roche Diagnostics, Philips Healthcare, Fukuda Denshi.

Browse recent report by industry: www.envisioninteligence.com/industry-reports/

 

Scope Of The Report

  • Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
  • Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
  • The Regional and Global Variety is taken care of in the report.
  • Year on Year basis generation of revenue is studied.
  • Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
  • The overview and the sustainability of the market are analyzed through SWOT.
  • DROC is recognized in the current market scenario and see how its effect on market dynamics.
  • The segment-level analysis in terms of type and technology.
  • The value chain analysis, value that's created and captured by a company is the profit margin. Value
  • Created and Captured – Cost of Creating that Value = Margin
  • An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
  • Basis on the depth of the study we approach using analytical tools
  • Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.

 

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