Market Research Future (MRFR) has launched a new release on the Blood Glucose Test Strip Market. The report delivers a thorough understanding of the market’s present status and likely future growth trajectory over the forecast period on the basis of the market’s historical growth trajectory and figures. The leading drivers and restraints operating on the Blood Glucose Test Strip Market are also profiled in the report to illustrate the extent of their impact on the market.
Blood Glucose Test Strip Market Information: By Types (Glucose Oxidase, Glucose Dehydrogenase, other), By Technology (Wicking Technology and Channel Technology), and By End User (Hospital, Clinic, Household) -Forecast till 2023
Diabetes a metabolic condition that occurs due to insufficient production of insulin. Blood glucose monitoring is a routine procedure for monitoring the glucose level. Blood glucose strip market is continuously growing in the Asia pacific region. These devices monitor the glucose level in the blood. Different types of strips are available in the market having impregnate of glucose oxidase, glucose dehydrogenase and other type of enzymes. When blood comes in the contact with this enzymes, they react with the glucose in the blood and indicates the blood glucose level. Advances and development in the technology has introduced the number of different devices in the market.
Some of the major key players in the market are F. Hoffmann-La Roche Ltd (Switzerland), Abbott (US), LifeScan, Inc. (US), i-SENS. Inc. (South Korea), AgaMatrix (US), TaiDoc Technology Corporation (Taiwan), BioSensors, Inc. (US), Universal Biosensors (Australia), Beijing Yicheng Electronic Co., Ltd (China), Hmd Biomedical (Taiwan), and B. Braun Melsungen Ag (Germany).
Asia Pacific blood glucose test strip market is segmented on basis of types, technology and end users.
On the basis of types, the market is segmented into glucose oxidase, glucose dehydrogenase, and other.
On the basis of technology, the market is segmented into wicking technology and channel technology.
On the basis of end user, the market is categorised in hospital, clinic, homecare and others
Asia Pacific blood glucose test strip market is segmented into Japan, China, India, Australia, Republic of Korea and Rest of Asia Pacific. It is the fastest growing region in the global blood glucose strip market. The diabetic population in Asia Pacific is increasing continuously, which is the major driver the market. According to the World Health Organization (WHO), total diabetic population of India and China in 2012 was 61 million and 90 million respectively. Moreover, increasing awareness among the people, increasing healthcare expenditure and rising obese population have fuelled the growth of the market. China and India are the two major contributor to the Asia Pacific glucose test strip market owing to the presence of huge diabetic population.
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