Impact Of Covid-19 On Blood Glucose Test Strips Market- A Comprehensive Assessment Of Current Dynamics And Emerging Avenues

Increasing demand for the blood glucose test strips in the online retailing channel coupled with high investments in R&D of blood glucose testing strips amongst the players in the market are fueling the market growth.

The global blood glucose test strips market is forecast to reach USD 6.92 Billion by 2027, according to a new report by Reports and Data. Blood glucose strips are one of the key components to test the glucose level of a sample blood. The sample blood is put onto the strip and then the other end of the test strip is placed inside the blood glucose test meter. The glucose oxidase provided by each test strip help determine the testing meter of the glucose level of blood. The global market is growing at a substantial pace as the amount of diabetes patients and patients with pre-diabetes symptoms are drastically being propelled. Type 2 diabetes by application is calculated to dominate the market. Amongst the end-users, the hospitals sub-segment is leading in the market due to the highest number of test and use of the strips in the hospitals.

This report covers the current COVID-19 effects on the economy. This outbreak has brought along drastic changes in world economic situations. The current scenario of the ever-evolving business sector and present and future appraisal of the effects are covered in the report as well.

To Request for a PDF Sample, Click Here:

The report covers the following companies:
F. Hoffmann-La Roche AG, Abbott Laboratories, Ascensia Diabetes Care Holdings AG, LifeScan, Inc., AgaMatrix, Inc., Trividia Health, Inc., B. Braun Melsungen AG, Sanofi, Ypsomed, and Nipro.

For the purpose of this report, Reports and Data have segmented the global blood glucose test strips market on the basis of strips type, sales channel, applications, end-users, and region:

Strips Type Outlook (Revenue, USD Billion; Volume, Thousand Units; 2016-2027)
• Use and Through
• Built-in Indicator

Sales Channel Outlook (Revenue, USD Billion; Volume, Thousand Units; 2016-2027)
• Online Retailing
• Pharmacies & Medical Store

Application Outlook (Revenue, USD Billion; Volume, Thousand Units; 2016-2027)
• Type 1 Diabetes
• Type 2 Diabetes
• Gestational Diabetes
• Pre-Diabetes

End-Users Outlook (Revenue, USD Billion; Volume, Thousand Units; 2016-2027)
• Hospitals
• Clinics & Diagnostic Centers
• Individuals
• Others

Regional Outlook (Revenue, USD Billion; Volume, Thousand Units; 2016-2027)
• North America
• Europe
• Asia Pacific
• Latin America

For Customization & Discounts, Click Here:

Further key findings from the report suggest

• Online retailing supply of the blood glucose test strips has been trendy especially in emerging nations like China and India mainly. Online retailers can offer reduced prices compared to the pharmacies & medical stores due to the non-involvement of the sub-distributors chain in the process. This sub-segment is expected to grow at a CAGR of 7.4% during the forecast period.

• The hospitals around the world have been incorporating the blood glucose test strips to test out the blood glucose levels for its superfast output and nearly accurate results. The hospitals sub-segment is expected to reach a market share of 59.8% by 2027 and the CAGR is forecasted to be 5.9% during the period 2019 – 2027.

• Use and through strips are standard blood glucose test strips which are available at a very low cost. These strips require the blood glucose level testing meter in order to get the final result. On the other hand, the built-in indicator is a special kind of blood glucose test strips that come with the regents inbuilt which changes the color and indicates the level based on the chart of specified colors provided. These testing strips are less accurate than the blood glucose test meters used with the use-and-throw-type sub-segment.

• European region is forecasted to witness a significant growth in the overall market, with 27.6% of market possession by 2027, having grown with a CAGR of 6.3% during the forecast period. Germany holds some of the most prominent players in this region.

Go through our meticulously drafted TOC, Tables, Statistics, Charts, and Company profiles:

The research report by Reports and Data analyzes and forecasts the Blood Glucose Test Strips Market at the global and regional levels. The market has been projected in terms of volume and price for the forecast period. The report also sheds light on the various opportunities within the market.

About Us:
Our in-house experts assist our clients with advice based on their proficiency in the market that helps them in creating a compendious database for the clients. Our team offers expert insights to clients to guide them through their business ventures. We put in rigorous efforts to keep our clientele satisfied and focus on fulfilling their demands to make sure that the end-product is what they desire. We excel in diverse fields of the market and with our services extending to competitive analysis, research and development analysis, and demand estimation among others, we can help you invest your funds in the most beneficial areas for research and development. You can rely on us to provide every significant detail you might need in your efforts to make your business flourish.

Contact Info:
Name: John Watson
Email: Send Email
Organization: Reports And Data
Address: 40 Wall St. 28th floor New York City, NY 10005 United States
Phone: +1-212-710-1370

Release ID: 88962059