Blood Glucose Test Strips Market, Industry Trends, Revenue Growth, Key Players Till 2030

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.

 The Blood Glucose Test Strips Global Market Opportunities And Strategies Report covers blood glucose test strips market drivers, blood glucose test strips market trends, blood glucose test strips market segments, blood glucose test strips market growth rate, blood glucose test strips market major players, and blood glucose test strips market size.

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 The blood glucose test strips market report focuses particularly on identifying the trends, opportunities, and strategies that can lead to success. O&S reports are available off the shelf and can be delivered to clients on the day of purchase.

 Blood Glucose Test Strips Global Market Opportunities And Strategies Report is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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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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