Global Diabetes Test Strips Market, Opportunities And Strategies To 2021

Starting Price : $ 4000.00 $ 2680.00 | Pages : 200 | Published : July 2018 | SKU CODE : o&s009 | Format :

Global Diabetes Test Strips Market Charecterstics

The diabtes test strips market includes establishments involved in manufacturing test strips used for blood sugar level measurement. Blood glucose test strips are thin paper or plastic strips that are used to monitor blood glucose levels to help control diabetes. Diabetes is a chronic condition in which a person’s blood glucose level is excessively high according to medical standards. Diabetes is further diagnosed through various tests such as oral glucose tolerance tests (OGTT), random plasma glucose tests, and fasting plasma glucose tests.

Global Diabetes Test Strips Market Competitive Landscape

The market for diabetes test strips is concentrated with a few major players occupying more than 50% of the market share. Major companies in the diabetes test strips market include LifeScan, Roche Holding AG and Abbott Laboratories.

Global Diabetes Test Strips Market Size

The diabetes test strip market is expected to grow and reach a value of $12.9 billion by 2021. The growth is mainly attributed to rising number of diabetic patients globally, adoption of sedentary lifestyle, rising disposable income and government initiatives to support research and development in the diabetes area.

Global Diabetes Test Strips Market Segmentation

The global diabetes test strips market is further segmented on the basis of technology, by type of electrode used and by geography.
By Technology- The global diabetes test strips market is further segmented into glucose oxidase-based diabetes test strips and glucose dehydrogenase-based diabetestest strips.
The glucose oxidase segment comprises blood glucose test strips based on glucose oxidase. Glucose oxidase is a chemical used in liquid and powder glucose laboratory reagents, urine test strips, colorimetric blood glucose test strips, and biosensors for blood glucose monitoring.
The glucose dehydrogenase segment includes blood glucose test strips with glucose dehydrogenase sensors. Glucose dehydrogenase is an enzyme or protein catalyst that is used to accelerate the oxidation of glucose to gluconic acid.
Among these segments, the glucose dehydrogenase segment accounts for the highest share in the diabetes test strips market.
Type of Electrode Used- The diabetes test strips are segmented into thick film electrochemical diabetes test strips, thin film electrochemical diabetes test strips and optical diabetes test strips.
Thick film electrochemical diabetes test strips are composed of several layers such as the analytical layer, separating layer, and support layer. Each strip contains printed working and reference electrodes that are coated with reagents and membranes.
Thin film electrochemical diabetes test strips consist of glucose enzyme electrodes on thin layers of enzyme glucose oxidase, entrapped over oxygen electrodes via semi-permeable dialysis membranes.
Optical blood diabetes test strips are based on fiber optic and planar devices utilizing the absorption, scattering, polarization, reflection, and interference of light.
Among these segments, thick film electrochemical diabetes test strips account for the largest share in the diabetes test strips market.
By Geography- The diabetes test strips market is further segmented into North America, South America, Western Europe, Eastern Europe, Middle East and Africa.
Among these regions, the North American diabetes test strips market holds the largest share in the global diabetes test strips market.
Global Diabetes Test Strips Market Trends
Innovative blood glucose testing methods, adopting low cost alternatives of blood glucose strips and development of generic blood glucose test strips are a few trends witnessed in the diabetes test strips industry.
Potential Opportunities If The Global Diabetes Test Strips Market
With increasing diabetic cases, adoption of advanced technology, rising disposable income and increasing utilization of blood glucose strips in emerging economies, the demand and scope of the global diabetes test strips market is expected to increase in the forecast period.

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