Blood Glucose Test Strips Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Technavio has been monitoring the blood glucose test strips market and it is expected to grow by $ 6.77 billion, accelerating at a CAGR of almost 10% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Blood Glucose Test Strips Market: Key Trends to impact market growth

43% of the market growth will originate from North America during the forecast period. The US and Canada are the key markets for blood glucose test strips market in the region. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Blood Glucose Test Strips Market: Top Drivers to Boost Demand

Increase in the number of diabetes cases and rising awareness about diabetes will drive the growth of the blood glucose test strips market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business

Vendor Analysis: Abbott Laboratories, Ascensia Diabetes Care Holdings AG and B. Braun Melsungen AG are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Abbott Laboratories, Ascensia Diabetes Care Holdings AG, B. Braun Melsungen AG, F. Hoffmann-La Roche Ltd., LifeScan IP Holdings LLC, Omnis Health LLC, Sanofi SA, Sinocare Inc., Teladoc Health Inc., and UniStrip Technologies LLC are some of the major market participants.

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Blood Glucose Test Strips Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive blood glucose test strips market growth during the next five years
• Precise estimation of the blood glucose test strips market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the blood glucose test strips market industry across North America, Europe, Asia, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of blood glucose test strips market vendors

Blood Glucose Test Strips Market Size to Grow by $ 6.77 bn During 2021-2025

Technavio has been monitoring the blood glucose test strips market and it is expected to grow by $ 6.77 bn, accelerating at a CAGR of almost 10% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

Blood Glucose Test Strips Market: Receive Free Sample Report

Blood Glucose Test Strips Market: North America to lead market growth during the forecast period

• 43% of the market growth will originate from North America during the forecast period.
• will be a key trend that will influence market growth significantly.
• The Increase in the number of diabetes cases and rising awareness about diabetes will be a significant factor in driving the growth of the blood glucose test strips market.

Blood Glucose Test Strips Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Abbott Laboratories, Ascensia Diabetes Care Holdings AG, B. Braun Melsungen AG, F. Hoffmann-La Roche Ltd., LifeScan IP Holdings LLC, Omnis Health LLC, Sanofi SA, Sinocare Inc., Teladoc Health Inc., and UniStrip Technologies LLC are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

Blood Glucose Test Strips Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive blood glucose test strips market growth during the next five years
• Precise estimation of the blood glucose test strips market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the blood glucose test strips market industry across North America, Europe, Asia, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of blood glucose test strips market vendors