According to qyresearch, in 2016, global revenue of blood glucose test strips is nearly 9 9 billion

According to QYResearch, in 2016, Global Revenue of Blood Glucose Test Strips is nearly 9.9 billion USD qyresearch.com

QYResearch focus on Market Survey and Research

QYResearch

Analyst

Zhang Xiao

Publisher

QYR Research Center

QYResearch focus on Market Survey and Research

QYResearch Blood Glucose Test Strips are simple plastic strips that are used with a glucose meter to monitor the levels of glucose in human body. The strips are part of an overall glucose monitoring system every strip is used with particular glucose meter.

In the last several years, global market of Blood Glucose Test Strips developed rapidly, with an average growth rate of 4.5 %. One of the key factors contributing to this market growth is the increasing diabetic population. In 2016, global revenue of Blood Glucose Test Strips is nearly 9.9 billion USD; the actual production is about 39 billion units.

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QYResearch North America is the largest sales place, with a sales market share nearly 31.9% in 2016. Following North America, Europe is the second largest sales place with the sales market share of 29.2%.

According to WHO, The number of people with diabetes has risen from 108 million in 1980 to 450 million in 2016, The global prevalence of diabetes among adults over 18 years of age has risen from 4.7% in 1980 to 8.7% in 2016, Diabetes prevalence has been rising more rapidly in middle- and low-income countries.

Affected by demand, there is a rapid increase of blood glucose test strips industry.

During 2012--2017, blood glucose test strips industry kept increasing at a high speed, which in China CAGR is 6.5% in 2012-2017. In the next few years, blood glucose test strips industry will maintain increasing at a relatively high growth rate.

Investors are still optimistic about this area; the future will still have more new investment enter the field.

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QYResearch Along with the development of Chinese domestic technology, there is a lot Chinese local manufacturer can produce blood glucose test strips (along with glucose meters), with the increasing demand, more and more manufactures will go into blood glucose test strips industry.

The Global presence Glucose Test Strips market has also been also witnessed the prospective of the adoption of home healthcare devices. However, the presence of non-invasive blood glucose monitoring devices in the market could pose a challenge to the growth of this market.

QYResearch focus on Market Survey and Research

QYResearch

Thanks for reading, If you are interested in the report, please feel free to contact the QYResearch Center analyst Mr. Zhang Dong +1-6262952442 +861082945717; sales@qyresearch.com Media Contact: press@qyresearch.com Analyst : zhangxiao@qyresearch.com

QYResearch focus on Market Survey and Research