Blood Glucose Test Strip Market Blood Glucose Test Strip Market | Page 2

Online retailers, retail pharmacy, hospital pharmacy, and other distribution channels could be explored in a
blood glucose test strips market in the forecast period. Retail pharmacy sector accounted for the substantial
share of the market in terms of revenue and is estimated to lead the overall market in the years to come.
Globally, North America accounted for the substantial share of the blood glucose test strip market and is
estimated to lead the overall market in the years to come. The reason behind the overall market growth could
be the growing demand for generic test strips, the presence of key manufacturers in the region, developed
healthcare infrastructure, and the growing number of diabetic population in the region. The United States is a
major consumer of blood glucose test strip in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the
second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest
CAGR in the forecast period. The aspects that may be ascribed to the growth comprise the growing awareness
regarding the usage of several devices to treat diabetes, the growing occurrence of diabetes in the region, and
the developing healthcare system. The developing countries like India and China are the major consumers of
the blood glucose test strip in this region.
The key players of the blood glucose test strip market are B. Braun Holding GmbH & Co. KG., Abbott
Laboratories, Trividia Health, Inc., AgaMatrix, Inc., Sanofi, PHC Holdings Corporation, LifeScan, Inc., and F.
Hoffmann-La Roche Ltd. These players are concentrating on inorganic growth to sustain themselves amidst
fierce competition.
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