Blood glucose test strips are thin paper or plastic strips that are used to monitor blood glucose levels to help control diabetes. The segments in the blood glucose test strips market are based on the type of the reactive enzyme used in the strips—glucose oxidase and glucose dehydrogenase, and by the type of the electrode used— thick film, thin film, and optical. Glucose dehydrogenase-based test strips are the most accurate and specific of the strips and account for two-thirds of all sales.

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The global blood glucose test strips market has shown moderate growth in the past years with a CAGR of around 3%. The year 2017 recorded highest ever market value in this industry as per TBRC’s inhouse consultants.

TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.

The report also shows the blood glucose test strips market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.

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Governments around the world are investing in programs to help raise awareness and support research and development (R&D) in the field of diabetes. The US State Department’s National Institutes of Health and Centers for Disease Control and Prevention jointly launched the National Diabetes Education Program to educate and sensitize people about the risks and methods of prevention of diabetes.

The program includes organizations, health care professionals, community health workers, and community-based organizations that partner with people with diabetes or who are at risk for diabetes.

TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.

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Companies included in the report are LifeScan, Roche Holding AG, Abbott Laboratories, F. Hoffmann-La Roche Ltd and Roche Diabetes.

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