Blood Glucose Test Strips Market Size, Share, Growth Analysis, By Type(Glucose Oxidase Test Strips, Glucose Dehydrogenase Test Strips, and Other Types.), By Application(Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes, and Others.), By Region - Industry Forecast 2024-2031

Blood Glucose Test Strips Market size was valued at USD 1.97 billion in 2022 and is poised to grow from USD 2.15 billion in 2023 to USD 4.42 billion by 2031, growing at a CAGR of 9.4% in the forecast period (2024-2031)

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.