USD 15.6 billion
Blood Glucose Test Strips Market Size, Share, Growth Analysis, By Application (Type 1, Type 2), By End Use (Individuals, Hospitals And Clinics), By Technology (Glucose Dehydrogenase (GDH), Glucose Oxidase), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2630 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
75
Blood Glucose Test Strips Market Insights
Blood Glucose Test Strips Market size was valued at USD 2.15 Billion in 2023 and is poised to grow from USD 2.35 Billion in 2024 to USD 4.84 Billion by 2032, growing at a CAGR of 9.4% during the forecast period (2025-2032).
The global blood glucose test strips market is a vital segment of the healthcare industry that plays a crucial role in the management of diabetes. The market for blood glucose test strips has been witnessing steady growth over the years, driven primarily by the rising prevalence of diabetes worldwide. According to the International Diabetes Federation, the number of adults living with diabetes is projected to reach 700 million by 2045. This alarming increase in the diabetic population fuels the demand for blood glucose test strips, as regular monitoring of blood glucose levels is vital for effective diabetes management.
In recent years, there has been a shift toward the development of advanced blood glucose monitoring systems, including continuous glucose monitoring (CGM) devices. CGM systems offer real-time glucose monitoring, reducing the need for frequent fingerstick testing with test strips. While CGM devices are gaining traction, traditional blood glucose test strips remain the primary method for self-monitoring blood glucose levels due to their cost-effectiveness and simplicity.
US Blood Glucose Test Strips Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Glucose Oxidase Test Strips
Fastest Growth
Glucose Oxidase Test Strips
Growth Rate
8.1% CAGR
Global Blood Glucose Test Strips Market ($ Bn)
Country Share for North America Region (%)
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Blood Glucose Test Strips Market Segmental Analysis
Global Blood Glucose Test Strips Market is segmented by Application, End Use, Technology And Region. Based on Application, the market is segmented into diabetes. Based on End Use, the market is segmented into individuals, hospitals and clinics and others. Based on Technology, the market is segmented into glucose dehydrogenase (GDH), glucose oxidase and others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Blood Glucose Test Strips Market Analysis by Type
In the global blood glucose test strips market, the dominant type is Glucose Oxidase Test Strips. Glucose Oxidase is an enzyme that reacts with glucose to produce gluconic acid and hydrogen peroxide, which is then detected by the test strip. These test strips are widely used and have been a standard choice for blood glucose monitoring for many years.
On the other hand, the fastest growing type in the global blood glucose test strips market is Glucose Dehydrogenase Test Strips. Glucose Dehydrogenase is another enzyme used in blood glucose test strips that catalyses the conversion of glucose into gluconolactone and reduces a dye compound, resulting in a colour change that is measured by the test strip. Glucose Dehydrogenase Test Strips offer advantages such as higher accuracy, less interference from certain substances, and better stability.
Blood Glucose Test Strips Market Analysis by Application
Type 2 Diabetes represents the largest segment in the blood glucose test strips market. This is primarily due to the high prevalence of Type 2 Diabetes globally. Factors such as sedentary lifestyles, unhealthy dietary habits, obesity, and aging populations have contributed to the rising incidence of Type 2 Diabetes. As a result, the demand for blood glucose test strips for regular monitoring of blood sugar levels is significantly high in this segment. The dominant position of Type 2 Diabetes can be attributed to its large patient population and the need for long-term management and monitoring of blood glucose levels.
Gestational Diabetes is the fastest-growing application in the blood glucose test strips market. Gestational Diabetes refers to high blood sugar levels that occur during pregnancy. The increasing prevalence of gestational diabetes, coupled with growing awareness about the importance of managing blood sugar levels during pregnancy, has led to the rising demand for blood glucose test strips in this segment. Early detection and effective management of gestational diabetes are crucial for the health of both the mother and the baby. As a result, there has been a significant emphasis on regular blood glucose monitoring during pregnancy, driving the growth of the gestational diabetes segment in the market.
Global Blood Glucose Test Strips Market By Technology
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Blood Glucose Test Strips Market Regional Insights
North America holds a significant share in the blood glucose test strips market due to several factors. The region has a well-established healthcare infrastructure, advanced healthcare facilities, and a high prevalence of diabetes. Additionally, a large patient population, favourable reimbursement policies, and the presence of key market players contribute to the dominance of North America in the market. The US, in particular, has a high adoption rate of blood glucose monitoring devices and a strong focus on diabetes management, further solidifying the region's position as the dominant market.
On the other hand, the Asia Pacific region is witnessing rapid growth in the blood glucose test strips market. The increasing prevalence of diabetes, changing lifestyles, urbanisation, and a growing ageing population are key drivers of market growth in this region. Countries like China and India, with their large population base, are experiencing a significant rise in diabetes cases, leading to an increased demand for blood glucose test strips. Moreover, rising healthcare expenditure, improving healthcare infrastructure, and growing awareness about diabetes management are supporting market growth in the Asia Pacific region.
Global Blood Glucose Test Strips Market By Geography
- Largest
- Fastest
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Blood Glucose Test Strips Market Dynamics
Blood Glucose Test Strips Market Drivers
Increasing Awareness and Healthcare Expenditure
- The growing awareness regarding the significance of diabetes management, coupled with an increase in healthcare expenditure, has significantly contributed to the expansion of the blood glucose test strips market. Governments and healthcare organisations worldwide are placing greater emphasis on the early detection and effective management of diabetes, leading to higher adoption rates of glucose monitoring devices.
Blood Glucose Test Strips Market Restraints
Alternative Monitoring Methods
- The availability of alternative glucose monitoring methods, particularly continuous glucose monitoring (CGM) systems, presents a challenge to the blood glucose test strips market. CGM systems offer real-time glucose readings and eliminate the need for frequent fingerstick testing, providing a more convenient monitoring option. The adoption of CGM systems may potentially reduce the demand for traditional blood glucose test strips as individuals seek more advanced and comprehensive glucose monitoring solutions.
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Blood Glucose Test Strips Market Competitive Landscape
The global blood glucose test strips market is highly competitive and characterised by the presence of several key players. These companies engage in intense competition to gain a larger market share by offering innovative products, improving quality, and expanding their distribution networks. The market is driven by the increasing prevalence of diabetes worldwide and the growing demand for effective glucose monitoring solutions.
Blood Glucose Test Strips Market Top Player’s Company Profiles
- Abbott Laboratories (USA)
- Roche Diagnostics (Switzerland)
- Siemens Healthineers (Germany)
- Thermo Fisher Scientific (USA)
- Danaher Corporation (USA)
- Eurofins Scientific (Luxembourg)
- Qiagen N.V. (Netherlands)
- Fujifilm Holdings Corporation (Japan)
- DiaSorin S.p.A. (Italy)
- Bio-Rad Laboratories, Inc. (USA)
- Sekisui Medical Corporation (Japan)
- Ortho Clinical Diagnostics (USA)
- Beckman Coulter, Inc. (USA)
- Myriad Genetics, Inc. (USA)
- Alere Inc. (USA)
- Quest Diagnostics Incorporated (USA)
- LabCorp (USA)
- BioMérieux SA (France)
- ARUP Laboratories (USA)
- MSD (Merck & Co., Inc.) (USA)
Blood Glucose Test Strips Market Recent Developments
- In March 2023, Roche announced that it has received FDA approval for its Accu-Chek Performa Nano blood glucose test strips. The Accu-Chek Performa Nano test strips are the smallest and thinnest blood glucose test strips on the market, making them easier to use for people with diabetes.
- In February 2023, Abbott announced that it had launched its FreeStyle Libre 3 continuous glucose monitoring (CGM) system in the United States. The FreeStyle Libre 3 system is a small, wireless sensor that is worn on the back of the upper arm and can be scanned with a smartphone to track glucose levels.
- In January 2023, Bayer announced that it has launched its Contour Next One blood glucose meter in the United States. The Contour Next One meter features a large, easy-to-read display and a built-in color code system that indicates whether blood glucose levels are in range.
- In December 2022, Lifescan announced that it has launched its OneTouch Verio Flex blood glucose meter in the United States. The OneTouch Verio Flex meter features a Bluetooth-enabled app that allows users to track their blood glucose levels and share data with their healthcare providers.
- In November 2022, Arkray announced that it has launched its FreeStyle Optium Neo blood glucose meter in the United States. The FreeStyle Optium Neo meter features a fast, accurate test time of 5 seconds and a large, easy-to-read display.
Blood Glucose Test Strips Key Market Trends
- Increasing Demand for Efficient and Convenient Glucose Monitoring: A key market trend in the global blood glucose test strips market is the growing adoption of continuous glucose monitoring (CGM) systems. CGM systems provide real-time monitoring of blood glucose levels through the use of sensors that are inserted under the skin. This technology eliminates the need for frequent fingerstick tests using traditional blood glucose test strips. CGM systems offer several advantages, including improved accuracy, convenience, and the ability to track glucose levels continuously throughout the day and night.
Blood Glucose Test Strips Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the global blood glucose test strips market analysis, it emphasises the increasing prevalence of diabetes globally, which is a key driver for the demand for blood glucose test strips. The report also emphasises the rising awareness among patients about the importance of regular monitoring and self-management of blood glucose levels. A detailed analysis of market segmentation is presented in the report, based on product type, application and geography. This segmentation provides a comprehensive understanding of the market dynamics and enables stakeholders to identify growth opportunities. The report further explores the different product types available in the market, including generic and branded test strips, highlighting the market share and growth potential of each segment. The analysis covers the advancements in blood glucose monitoring systems, including the integration of wireless connectivity and smartphone applications. These technological advancements have enhanced the accuracy, convenience, and user-friendliness of blood glucose test strips, driving market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 15.6 billion |
| Market size value in 2031 | USD 31.45 billion |
| Growth Rate | 8.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Blood Glucose Test Strips Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Blood Glucose Test Strips Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Blood Glucose Test Strips Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Blood Glucose Test Strips Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Blood Glucose Test Strips Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Blood Glucose Test Strips Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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