Blood Glucose Test Strip Market Research Report - Forecast to 2027

The global blood glucose test strips market is growing rapidly mainly due to the growing number of in diabetic patients, worldwide. Moreover, significant investments transpired into R&D to bring about improvements in the existing product line as well to develop new effective strips are escalating the market on the global height. 

Acknowledging the continually ascending graph of the market growth, Blood Glucose Test Strip Market Research Future (MRFR) in its recently published study report asserts that the global blood glucose test strips market will garner the worth of USD 18.5 BN by 2020, growing at a CAGR over 6.2% throughout the review period (2015 – 2020).

Although there are several, breakthrough technological advancements that are centering on artificial pancreas systems, people still rely on blood glucose test strips as more accurate and cost-competitive means of controlling the conditions. Undoubtedly, improving economic conditions are playing a vital role in increasing the size of the market, availing access to the quality of healthcare and increasing the per capita healthcare expenditures.

Additional factors substantiating the growth of the market include the growing urbanization and ever-increasing population that is increasingly adopting the sedentary lifestyle.

On the flip side, factors such as the lack of awareness among the patients about the advantages of improved test strips, unmet clinical needs, and the unavailability of external funding are impeding the market growth, especially in the developing regions.

Nevertheless, factors such as the augmenting demand for the personal, hand-held diagnostic devices and the increasing demand for the test strips that can give fastest & accurate results are estimated to support the growth of the market throughout the review period (2015-2020). 

Global Blood Glucose Test Strip Market – Segments

For enhanced understanding, the report has been segmented into two key dynamics.

 By Technology                                :  Thick-Film Electrochemical, Thin Film Electrochemical, Optical, and others.

By Regions                                       :  North America, Asia Pacific, Europe, and Rest-of-the-World (RoW).

Blood Glucose Test Strip Market Information by Technology (Thick Film Electrochemical, Thin Film Electrochemical, Optical) - Forecast to 2027 : https://www.marketresearchfuture.com/reports/blood-glucose-test-strip-market-892