The Blood Glucose Test Strips Global Market Report 2020-30 by The Business Research Company describes and explains the global blood glucose test strips market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
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Trends in the market include:
Generic Blood Glucose Test Strips-
Blood glucose test strip manufacturers are
increasingly offering generic blood glucose test strips as a low-cost
alternative to test strips of major brands. Generic blood glucose test strips
are third-party strips that work with a variety of blood glucose meters and are
much less expensive than their counterparts. They have been proven to perform
similar to or even exceed the FDA accuracy standards for blood glucose test
strips. For example, Pharma Tech Solutions, a California-based company
distributes Shasta GenStrip, a more affordable alternative that can be used
with One Touch and Ultra brand meters. Other generic strip brands in the market
include Unistrip , GenUltimate , Equate and Relion.
Silk
Strips – A Low Cost Alternative-
There has been a growing popularity of test
strips made from Indian silk in the blood glucose test strips market. Indian
silk has wound healing properties and when combined with polypropylene creates
a product with strong antibacterial properties. Clinical trials have shown that
silk strips are just as accurate as paper or plastic strips. Silk strips are
cost-effective and are easier to manufacture. They cost about one-quarter or
one-third of the price of paper or plastic strips. Paper or plastic strips
require high-priced machinery to embed electrodes, whereas silk strips cut out
the mechanical needs by way of weaving electrodes with silk yarn. For instance,
in 2015, Achira Labs, a Bangalore-based company, has come up with a way to
weave diabetic strips from silk. Technological advancements in blood glucose
monitoring devices are expected to further boost the demand for test strips
made from Indian silk.
The market is segmented:
By Technology-
a) Glucose Dehydrogenase
b) Glucose Oxidase
By Electrode Material Used -
a) Thick Film Electrochemical Strips
b) Thin Film Electrochemical Strips
c) Optical Strips
By End Use -
a) Homecare
b) Diagnostic Centers
c) Hospitals
By Expenditure -
a) Public
b) Private
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