Blood Glucose Test Strips Market Based on Technology (Glucose Oxidase And Glucose Dehydrogenase), By Type (Thick Film Electrochemical Films, Thin Film Electrochemical Films and Optical Strips), By Geography And By Trends - Global Forecast To 2021

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

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Blood Glucose Test Strips Market Definition

Blood glucose test strips are made from fabric material embedded with sensors, electrodes and enzymes. They are thin paper or plastic strips which help to monitor blood glucose levels and control diabetes symptoms. A test strip is composed of several layers. The top layer serves as a mini-sponge to soak up the blood sample. The middle layer acts as a filter to channel the blood sample to the reaction center. The next layer contains the enzyme that reacts with blood glucose. The bottom layer consists of a gold and palladium coated circuit that transfers reaction electrons to the meter for analysis. When blood is placed onto the test strip, it reacts with a chemical called glucose oxidase to produce gluconic acid from the glucose in the blood. The blood glucose meter then uses an algorithm to find the blood glucose level based on the difference in current between the terminals of the blood strip and the level of gluconic acid.

Blood Glucose Test Strips Market Size

The global blood glucose test strips market was worth $10.6 billion in 2017. The market size is influenced by the prevalence of diabetes, awareness of self-monitoring of blood glucose, and reimbursement for test strips in some countries. This market grew from $9.4 billion in 2013 to $10.64 billion in 2017 at a compound annual growth rate (CAGR) of 3.15% and is forecast to grow to $12.93 billion at a CAGR of 5% by 2021.  

Major drivers of the blood glucose test strip industry in the historic period included increased diabetes cases, increased disposable income, and technological advances, while major restraints on the market included lack of diabetes awareness, decreased reimbursement prices, and development of alternative technologies for blood glucose monitoring.

Major drivers of the blood glucose test strip market in the forecast period include increasing awareness, government initiatives, rapid industrialization and urbanization and changing life styles. The increasing trend in the prevalence of diabetes in both developed and developing countries will help the diabetes care market to grow in turn driving for the blood glucose test strips market. Major restraints on the market include alternative testing methods, and the decreasing price of the product faced with these substitutes.

Blood Glucose Test Strips Market Drivers

The Key drivers of the blood glucose test strips market include:

Increase In Diabetes Cases - The blood glucose test strips market has been driven by the rising number of people being affected by diabetes. The International Diabetes Federation claims that almost 7 million people are diagnosed with diabetes every year. The disease continues to be the fourth leading cause of death in the world. This pool of global diabetes patients is predicted to increase to 629 million by 2045. This is mainly due to increasingly unhealthy lifestyles (rising inactivity and obesity) and growth of the aging population.

Obesity is a major risk factor for diabetes. The Asia-Pacific region has high growth in obesity:  from 2012-2016 the growth was around 5.9% in India, 5.5% in China, and 4.5% in Japan. Increases in obesity in these populations are directly proportional to the diabetes cases.

Blood Glucose Test Strips Market Restraints

The key restraints on the blood glucose test strips market include:

Alternative Testing Methods-Alternative testing methods such as continuous blood glucose monitoring systems and HbA1c will impact the blood glucose test strips market. Many diabetes patients are afraid or unwilling to prick themselves with lancets each time for testing. The American Diabetes Association (ADA) recently recommended the use of the HbA1c test for diagnosing diabetes. Until then, all FDA approved HbA1c monitoring devices were approved only for long term glucose control. Diabetes Australia also recommends HbA1c testing every three to six months for type II diabetics. These alternative methods of diabetes testing will affect the blood glucose test strips market.

Blood Glucose Test Strips Market Trends

Major trends influencing the blood glucose test strips market include:

Development Of Generic Blood Glucose Test Strips - Blood glucose test strip manufacturers are offering generic blood glucose test strips as a low-cost alternative to conventional test strips. Generic blood glucose test strips are third-party strips that work with a variety of blood glucose meters and are much less expensive than their counterparts. They have been proven to perform similar to or even exceed the FDA accuracy standards for blood glucose test strips. For example, Pharma Tech Solutions, a California-based company distributes Shasta GenStrip, a more affordable alternative that can be used with One Touch and Ultra brand meters. Other generic strip brands in the market include Unistrip, GenUltimate, Equate and Relion.

Silk Strips - A Low Cost Alternative-Test strips made from Indian silk are an increasing trend in the blood glucose test strips market.  Indian silk has wound healing properties and when combined with polypropylene creates a product with strong antibacterial properties. Clinical trials have shown that silk strips are just as accurate as paper or plastic strips. Silk strips are cost-effective and are easier to manufacture. They cost about one-quarter or one-third of the price of paper or plastic strips. Paper or plastic strips require high-priced machinery to embed electrodes, whereas silk strips cut out the mechanical needs by way of weaving electrodes with silk yarn. For instance, Achira Labs, a Bangalore-based company, has come up with a way to weave diabetic strips from silk.  Technological advancements in blood glucose monitoring devices are expected to further boost the demand for test strips made from Indian silk.

Blood Glucose Test Strips Market Segmentation

The blood glucose test strips market is segmented by technology, by electrode material used, and by geography.
By Service Type - The blood glucose test strips market is segmented by technology type into
    • a) Glucose Dehydrogenase
    • b) Glucose Oxidase
Glucose Dehydrogenase had the highest growth rate of 3.69% during the historic period.
By Electrode Material Used - The blood glucose test strips market is segmented by end user gender into
    • a) Thick Film Electrochemical Strips
    • b) Thin Film Electrochemical Strips
    • c) Optical Strips
By Geography - The blood glucose test strips market is segmented into
    • o North America
      • USA
    • o Western Europe
      • UK
      • Germany
      • France
      • Spain
      • Italy
    • o Asia Pacific
      • China
      • Japan
      • India
      • Australia
    • o Eastern Europe
      • Russia
    • o South America
      • Brazil
    • o Middle East
    • o Africa
North America is the largest market for blood glucose test strips, accounting for 47.1% of the global market. It was followed by Western Europe, Asia-Pacific and then the other regions. Going forward, Asia-Pacific and Western Europe will be the fastest growing regions in this market.

Blood Glucose Test Strips Competitive Landscape

Major Competitors are:
    • • Roche Holding AG
    • • Johnson & Johnson
    • • Ascensia
    • • Abbott Laboratories
    • • Nipro Diagnostics
Other Competitors Include:
    • • Terumo Corporation
    • • Arkray Inc.
    • • Omron
    • • Lifescan
    • • Medtronic plc
    • • Bayer HealthCare AG
    • • Novo Nordisk
    • • B. Braun
    • • Medisana AG
    • • Sanofi

  1. 1. Executive Summary
  2. 2. Blood Glucose Test Strips Market Characteristics
    • 2.1 Diabetes
    • 2.2 Prevalence of Diabetes Across Countries
    • 2.3 The Product – Blood Glucose Test Strips
    • 2.4 Blood Glucose Test Strips Value Chain and Key Participants
    • 2.5 Prices
    • 2.6 Blood Glucose Test Strips Market Segments Definitions
      • 2.6.1 Blood Glucose Test Strips Segmented By Technology
      • 2.6.2 Blood Glucose Test Strips Market Segmented By Type Of Electrode Used
  3. 3. Global Market Size and Growth
    • 3.1 Global Blood Glucose Test Strips Market Size 2017
    • 3.2 Global Blood Glucose Test Strips Market Historic Growth By Value and Volume
      • 3.2.1 Drivers Of The Market
      • 3.2.2 Restraints On The Market
    • 3.3 Blood Glucose Test Strips Market Forecast Growth By Value and Volume
      • 3.3.1 Drivers Of The Market
      • 3.3.2 Restraints On The Market
  4. 4. Blood Glucose Test Strips Market PESTEL Analysis
    • 4.1 Political
      • 4.1.1 Government Awareness Programs And Initiatives
      • 4.1.2 Rising Public Insurance
      • 4.1.3 Uncertain Policies
    • 4.2 Economic
      • 4.2.1.Rising Healthy Food Prices
      • 4.2.2 Relation Between Income and Diabetes
    • 4.3 Social
      • 4.3.1 Unhealthy Lifestyles
      • 4.3.2 Growing Geriatric Population
      • 4.3.3 Increasing Health Awareness
    • 4.4 Technological
      • 4.4.1 Wearable Technology and Digitalization
      • 4.4.2.Shift To Point Of Care Diagnostics
    • 4.5 Environmental
    • 4.6 Legal
      • 4.6.1 Stringent Regulations and Directives
      • 4.6.2 Tax Exemptions
  5. 5. Blood Glucose Test Strips Market Customer Information
    • 5.1 Cost of Test Strips
    • 5.2 Brand Preference
    • 5.3 Restriction On the Use of Blood Glucose Test Strips
    • 5.4 Reduction in the Reimbursement of Test Strips
    • 5.5 Accuracy of the Test Strip
  6. 6. Blood Glucose Test Strips Market Segmentation
    • 6.1 Global Blood Glucose Test Strips Market, 2017, By Segment, By Technology
      • 6.1.1 Glucose Dehydrogenase
      • 6.1.2 Glucose Oxidase
    • 6.2 Blood Glucose Test Strips Market, Historic And Forecast Growth Rate, By Segment, By Technology, 2013-2021
    • 6.3 Blood Glucose Test Strips Market, 2017, By Segment, By Electrode Material Used
      • 6.3.1 Thick Film Electrochemical Strips
      • 6.3.2 Thin Film Electrochemical
      • 6.3.3 Optical
  7. 7. Global Blood Glucose Test Strips Market Comparison with Macro-Economic Factors
    • 7.1 Blood Glucose Test Strips Market Size, Percentage Of GDP, Global
    • 7.2 Per Capita Blood Glucose Test Strips Market Expenditure, Global
  8. 8. Blood Glucose Test Strips Market Comparison with Macro-Economic Factors Across Countries
    • 8.1 Blood Glucose Test Strips Market Size, Percentage Of GDP, By Country
    • 8.2 Per Capita Blood Glucose Test Strips Expenditure, By Country
  9. 9. Blood Glucose Test Strips Market Regional and Country Analysis
    • 9.1 Blood Glucose Test Strips Market, 2017, By Region
    • 9.2 Blood Glucose Test Strips Market, Historic And Forecast Growth Rate, Split By Region, 2013-2021
    • 9.3 Blood Glucose Test Strips Market, 2017, By Country
    • 9.4 Blood Glucose Test Strips Market, Historic And Forecast Growth Rate, By Country, 2013-2021
  10. 10. Asia-Pacific Blood Glucose Test Strips Market
    • 10.1 Asia Pacific Blood Glucose Test Strips Market Overview
    • 10.2 Asia Pacific Blood Glucose Test Strips Market Historic Growth
    • 10.3 Asia Pacific Blood Glucose Test Strips Market Forecast Growth
    • 10.4 Asia Pacific Blood Glucose Test Strips Market, 2017, Segmentation, By Technology
    • 10.5 Asia Pacific Blood Glucose Test Strips Market, Historic And Forecast Growth Rate, By Technology, 2013-2021
  11. 11. China Blood Glucose Test Strips Market
    • 11.1 China Blood Glucose Test Strips Market Overview
    • 11.2 China Blood Glucose Test Strips Market Size 2017
    • 11.3 China Blood Glucose Test Strips Market Historic Growth
    • 11.4 China Blood Glucose Test Strips Market Forecast Growth
    • 11.5 China Blood Glucose Test Strips Market, Segmentation, By Technology, 2017
    • 11.6 China Blood Glucose Test Strips Market, Historic And Forecast Growth Rate, By Technology, 2013-2021
  12. 12. India Blood Glucose Test Strips Market
    • 12.1 India Blood Glucose Test Strips Market Overview
    • 12.2 India Blood Glucose Test Strips Market Size 2017
    • 12.3 India Blood Glucose Test Strips Market Historic Growth
    • 12.4 India Blood Glucose Test Strips Market Forecast Growth
    • 12.5 India Blood Glucose Test Strips Market, Segmentation, By Technology, 2017
    • 12.6 India Blood Glucose Test Strips Market, Historic And Forecast Growth Rate, By Technology, 2013-2021
  13. 13. Japan Blood Glucose Test Strips Market
    • 13.1 Japan Blood Glucose Test Strips Market Overview
    • 13.2 Japan Blood Glucose Test Strips Market Size 2017
    • 13.3 Japan Blood Glucose Test Strips Market Historic Growth
    • 13.4 Japan Blood Glucose Test Strips Market Forecast Growth
    • 13.5 Japan Blood Glucose Test Strips Market, Segmentation, By Technology, 2017
    • 13.6 Japan Blood Glucose Test Strips Market, 2013-2021, Historic And Forecast Growth Rate, By Technology
  14. 14. Australia Blood Glucose Test Strips Market
    • 14.1 Australia Blood Glucose Test Strips Market Overview
    • 14.2 Australia Blood Glucose Test Strips Market Size 2017
    • 14.3 Australia Blood Glucose Test Strips Market Historic Growth
    • 14.4 Australia Blood Glucose Test Strips Market Forecast Growth
    • 14.5 Australia Blood Glucose Test Strips Market, 2017, Segmentation, By Technology
    • 14.6 Australia Blood Glucose Test Strips Market, Historic And Forecast Growth Rate, By Technology, 2013-2021
  15. 15. Western Europe Blood Glucose Test Strips Market
    • 15.1 Western Europe Blood Glucose Test Strips Market Overview
    • 15.2 Western Europe Blood Glucose Test Strips Market Historic Growth
    • 15.3 Western Europe Blood Glucose Test Strips Market Forecast Growth
    • 15.4 Western Europe Blood Glucose Test Strips Market, Segmentation, By Technology, 2017
    • 15.5 Western Europe Blood Glucose Test Strips Market, Historic And Forecast Growth Rate, By Technology, 2013-2021
  16. 16. UK Blood Glucose Test Strips Market
    • 16.1 UK Blood Glucose Test Strips Market Overview
    • 16.2 UK Blood Glucose Test Strips Market Size 2017
    • 16.3 UK Blood Glucose Test Strips Market Historic Growth
    • 16.4 UK Blood Glucose Test Strips Market Forecast Growth
    • 16.5 UK Blood Glucose Test Strips Market, Segmentation, By Technology, 2017
    • 16.6 UK Blood Glucose Test Strips Market, Historic And Forecast Growth Rate, By Technology, 2013-2021
  17. 17. Germany Blood Glucose Test Strips Market
    • 17.1 Germany Blood Glucose Test Strips Market Overview
    • 17.2 Germany Blood Glucose Test Strips Market Size 2017
    • 17.3 Germany Blood Glucose Test Strips Market Historic Growth
    • 17.4 Germany Blood Glucose Test Strips Market Forecast Growth
    • 17.5 Germany Blood Glucose Test Strips Market, 2017, Segmentation, By Technology
    • 17.6 Germany Blood Glucose Test Strips Market, Historic And Forecast Growth Rate, By Technology, 2013-2021
  18. 18. Spain Blood Glucose Test Strips Market
    • 18.1 Spain Blood Glucose Test Strips Market Overview
    • 18.2 Spain Blood Glucose Test Strips Market Size 2017
    • 18.3 Spain Blood Glucose Test Strips Market Historic Growth
    • 18.4 Spain Blood Glucose Test Strips Market Forecast Growth
    • 18.5 Spain Blood Glucose Test Strips Market, 2017, Segmentation, By Technology
    • 18.6 Spain Blood Glucose Test Strips Market, Historic And Forecast Growth Rate, By Technology, 2013-2021
  19. 19. France Blood Glucose Test Strips Market
    • 19.1 France Blood Glucose Test Strips Market Overview
    • 19.2 France Blood Glucose Test Strips Market Size 2017
    • 19.3 France Blood Glucose Test Strips Market Historic Growth
    • 19.4 France Blood Glucose Test Strips Market Forecast Growth
    • 19.5 France Blood Glucose Test Strips Market, 2017, Segmentation, By Technology
    • 19.6 France Blood Glucose Test Strips Market, Historic And Forecast Growth Rate, By Technology, 2013-2021
  20. 20. Italy Blood Glucose Test Strips Market
    • 20.1 Italy Blood Glucose Test Strips Market Overview
    • 20.2 Italy Blood Glucose Test Strips Market Size 2017
    • 20.3 Italy Blood Glucose Test Strips Market Historic Growth
    • 20.4 Italy Blood Glucose Test Strips Market Forecast Growth
    • 20.5 Italy Blood Glucose Test Strips Market, 2017, Segmentation, By Technology
    • 20.6 Italy Blood Glucose Test Strips Market, Historic And Forecast Growth Rate, By Technology, 2013-2021
  21. 21. Eastern Europe Blood Glucose Test Strips Market
    • 21.1 Eastern Europe Blood Glucose Test Strips Market Overview
    • 21.2 Eastern Europe Blood Glucose Test Strips Market Historic Growth
    • 21.3 Eastern Europe Blood Glucose Test Strips Market Forecast Growth
    • 21.4 Eastern Europe Blood Glucose Test Strips Market, 2017, Segmentation, By Technology
    • 21.5 Eastern Europe Blood Glucose Test Strips Market, Historic And Forecast Growth Rate, By Technology, 2013-2021
  22. 22. Russia Blood Glucose Test Strips Market
    • 22.1 Russia Blood Glucose Test Strips Market Overview
    • 22.2 Russia Blood Glucose Test Strips Market Size 2017
    • 22.3 Russia Blood Glucose Test Strips Market Historic Growth
    • 22.4 Russia Blood Glucose Test Strips Market Forecast Growth
    • 22.5 Russia Blood Glucose Test Strips Market, 2017, Segmentation, By Technology
    • 22.6 Russia Blood Glucose Test Strips Market, 2013-2021, Historic And Forecast Growth Rate, By Technology
  23. 23. North America Blood Glucose Test Strips Market
    • 23.1 North America Blood Glucose Test Strips Market Overview
    • 23.2 North America Blood Glucose Test Strips Market Historic Growth
    • 23.3 North America Blood Glucose Test Strips Market Forecast Growth
    • 23.4 North America Blood Glucose Test Strips Market, Segmentation, By Technology, 2017
    • 23.5 North America Blood Glucose Test Strips Market, Historic And Forecast Growth Rate, By Technology, 2013-2021
  24. 24. USA Blood Glucose Test Strips Market
    • 24.1 USA Blood Glucose Test Strips Market Overview
    • 24.2 USA Blood Glucose Test Strips Market Size 2017
    • 24.3 USA Blood Glucose Test Strips Market Historic Growth
    • 24.4 USA Blood Glucose Test Strips Market Forecast Growth
    • 24.5 USA Blood Glucose Test Strips Market, 2017, Segmentation, By Technology
    • 24.6 USA Blood Glucose Test Strips Market, 2013-2021, Historic And Forecast Growth Rate, By Technology
  25. 25. South America Blood Glucose Test Strips Market
    • 25.1 South America Blood Glucose Test Strips Market Overview
    • 25.2 South America Blood Glucose Test Strips Market Historic Growth
    • 25.3 South America Blood Glucose Test Strips Market Forecast Growth
    • 25.4 South America Blood Glucose Test Strips Market, Segmentation, By Technology, 2017
    • 25.5 South America Blood Glucose Test Strips Market, 2013-2021, Historic And Forecast Growth Rate, By Technology
  26. 26. Brazil Blood Glucose Test Strips Market
    • 26.1 Brazil Blood Glucose Test Strips Market Overview
    • 26.2 Brazil Blood Glucose Test Strips Market Size 2017
    • 26.3 Brazil Blood Glucose Test Strips Market Historic Growth
    • 26.4 Brazil Blood Glucose Test Strips Market Forecast Growth
    • 26.5 Brazil Blood Glucose Test Strips Market, Segmentation, By Technology, 2017
    • 26.6 Brazil Blood Glucose Test Strips Market, Historic And Forecast Growth Rate, By Technology, 2013-2021
  27. 27. Middle-East Blood Glucose Test Strips Market
    • 27.1 Middle-East Blood Glucose Test Strips Market Overview
    • 27.2 Middle East Blood Glucose Test Strips Market Historic Growth
    • 27.3 Middle East Blood Glucose Test Strips Market Forecast Growth
    • 27.4 Middle East Blood Glucose Test Strips Market, 2017, Segmentation, By Technology
    • 27.5 Middle East Blood Glucose Test Strips Market, 2013-2021, Historic And Forecast Growth Rate, By Technology
  28. 28. Africa Blood Glucose Test Strips Market
    • 28.1 Africa Blood Glucose Test Strips Market Overview
    • 28.2 Africa Blood Glucose Test Strips Market Historic Growth
    • 28.3 Africa Blood Glucose Test Strips Market Forecast Growth
    • 28.4 Africa Blood Glucose Test Strips Market, Segmentation, By Technology, 2017
    • 28.5 Africa Blood Glucose Test Strips Market, Historic And Forecast Growth Rate, By Technology, 2013-2021
  29. 29. Blood Glucose Test Strips Market Competitive Landscape
    • 29.1 LifeScan
      • 29.1.1 Company Overview
      • 29.1.2 Blood Glucose Test Strips Product Portfolio
      • 29.1.3 Company Sales And Growth Strategy
      • 29.1.4 Recent News And Developments
    • 29.2 Roche Holding AG
      • 29.2.1 Company Overview
      • 29.2.2 Blood Glucose Test Strips Product Portfolio
      • 29.2.3 Company Sales And Growth Strategy
      • 29.2.4 Recent News And Developments
    • 29.3 Abbott Laboratories
      • 29.3.1 Company Overview
      • 29.3.2 Blood Glucose Test Strips Product Portfolio
      • 29.3.3 Company Sales And Growth Strategy
      • 29.3.4 Recent News And Developments
  30. 30. Blood Glucose Test Strips Market Key Mergers And Acquisitions
    • 30.1 Abbott Acquired Alere
    • 30.2 Panasonic Healthcare Holdings Acquired Business From Bayer
    • 30.3 Sinocare Acquired Nipro Diagnostics
    • 30.4 Pharma Tech Solutions Acquired Shasta Technologies
  31. 31. Blood Glucose Test Strips Market Trends And Strategies
    • 31.1 New FDA Guidelines On Blood Glucose Test Strips And Meters
    • 31.2 Development Of Generic Blood Glucose Test Strips
    • 31.3 Silk Strips – A Low Cost Alternative
    • 31.4 Innovative Blood Glucose Testing Methods
  32. 32. Appendix
    • 32.1 Definition
    • 32.2 Research Methodology
    • 32.3 Primary Research – Interview Transcripts
    • 32.4 Abbreviations
    • 32.5 Currencies
    • 32.6 Research Inquiries
    • 32.7 The Business Research Company
    • 32.8 Copyright and Disclaimer
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