Blood Glucose Test Strip Market Blood Glucose Test Strip Market

Blood Glucose Test Strip Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2028
“The factors that are playing a major role in the growth of
the market are the production of generic blood glucose
test strips, the availability of low-cost substitutes like silk
strips, the growing number of diabetic patients, and the
rising use of novel blood glucose testing method.”
Global blood glucose test strip market is expected to reach $18650 million by the end of 2028 as the scope and
its applications are rising enormously across the globe. Blood glucose test strips, also termed as “diabetes test
strips”, are the small disposable strips made up of plastic that help the patient to control and monitor diabetes.
When blood is placed onto the test strip, it reacts with glucose oxidase by making gluconic acid. The strip is used
once and is discarded.
The factors that are playing a major role in the growth of the market are the production of generic blood glucose
test strips, the availability of low-cost substitutes like silk strips, the growing number of diabetic patients, and
the rising use of novel blood glucose testing method. However, pricing pressure from competitors and errors
like false glucose reading are the factors that may restrain overall market growth in the years to come. Blood
glucose test strip market is segmented based on type, technology, distribution channel, and region.
Optical, glucose oxidase-based, thin film electrochemical, glucose dehydrogenase-based, thick film
electrochemical blood glucose test strips are the types that could be explored in the market in the forecast
period. Based on the technology, channel and wicking technology could classify the market in the forecast
period. Wicking technology sector accounted for the substantial market share of the blood glucose test strip
and is estimated to lead the overall market in the years to come.
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