ID: MRFR/MED/0157-HCR | 85 Pages | Published By Rahul Gotadki on March 2023
Market Synopsis of Europe, Middle East & Africa Blood Glucose Test Strip:
Europe, Middle East & Africa market share of blood glucose test strip market is anticipated to reach USD 10949.85 Million by 2030 at 8.20% CAGR during the forecast period 2022-2030.Blood glucose test strip are small disposable strips which are used along with blood glucose meter for supervising and controlling diabetes. These strips have Glucose Oxidase, Glucose Dehydrogenase and other types of impregnated on them which reacts with glucose present in blood and helps in identifying the blood glucose level. Advances and the development in technology in the European countries has brought the new and innovative devices in the market for monitoring of the glucose level. Also in the Middle East and African market the market is slow growing but in coming it will gain good market as the number of diabetic patients is rising. Simultaneously increase in the number of diabetic patients boosted the demand of such a devices in market. Beside this increase in awareness of healthcare facilities and preventive care also driven the market. The important drivers for the glucose test strip market are convenience of continuous glucose monitoring over conventional monitoring, Increasing awareness and need for early detection of hypo and hyperglycaemic diabetes and technological advances.
Prevalence of Diabetes is rising day by day and to monitor blood glucose levels regularly with glucose monitoring devices is an important part of the diagnosis and treatment of diabetes. People suffering from type 1 or type 2 diabetes can live longer and better lives by means of carefully monitoring and regulating their blood glucose levels. High cost and lack of knowledge in handling such devices are the major restraining factors for the growth of blood glucose test strip market. Study Objectives of Europe, Middle East & Africa Blood Glucose Test Strip Market:
Figure 1:- Europe, Middle East & Africa Blood Glucose Test Strip Market, by type 2016
Key Players for Europe, Middle East & Africa Blood Glucose Test Strip Market:
Some of the major players in this market are: Abbott, LIFESCAN, Panasonic (Bayer), Omron, Roche Diagnostics, Ascensia Diabetes Care Holdings, Nipro Diagnostics, ARKRAY, I-SENS, Braun, 77 Elektronika, Infopia, Terumo, AgaMatrix, SANNUO, EDAN, Yicheng, Yuwell, ALL Medicus and Hainice Medical
Europe, Middle East & Africa Blood Glucose Test Strip market are segmented, by types, Glucose Oxidase, Glucose Dehydrogenase and Other. On the basis of End User, Hospital, Clinic and Household. On the basis of technology, Wicking technology and Channel technology and on the basis of region, Europe, Middle East and Africa.
On regional basis, market is segmented into countries of Europe like is Germany, France, Italy, Spain U.K and Rest of Europe. While the other two major segments are Middle East and Africa. European region accounts the largest market due to a huge diabetic population. And adoption of advanced technology for medical devices. European market is the second largest revenue generator after the American market, while Middle East and Africa market witness slower growth. The report for Europe, Middle East & Africa Blood Glucose Test Strip market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.