Europe, Middle East and Africa Blood Glucose Test Stripes Market to Grow by 2.8% CAGR during the Forecast 2023

Pune, India, June, 2017 /MRFR Press Release/- Market research future has a half cooked research report on Europe, Middle East & Africa Blood Glucose Test Strip Market. The test strips market is growing at a steady pace and expected to reach a good market number by the end of the forecasted period 2017-2023.

Market Highlights

The European Market and the Middle East and African Market is growing at a steady pace for the diabetic control devices and its accessories. The market is majorly segmented into two regions Europe and Middle East market. The European market holds the second largest share after the American Market and have a good market share due to the rise in the number of diabetic patients. Whereas the European market readily accepts the advanced technology in terms of medical devices. The region also have good market because of the rules and regulation for producing safety kits of diabetic and the strips used for collecting blood samples. The product is been made for the health of public/patients well fare. The Middle East and African region are also experiencing the larger growth of the diabetic patients. The healthcare expenditure is more for the people by the government. The market is slow this region because of the costly devices and the less reimbursement of the policies for the healthcare. The overall growth is driven because of the lifestyle of the people and their eating habits. The diabetic patients encounter mainly with two types of diabetes type 1 and type 2. The type 2 diabetes have maximum number of the patients. The glucose levels also varies in people because of the other health issues also the pregnant women also requires continue check of their blood glucose. The obesity is another leading factor for the growth of the diabetes. Blood glucose test strip is small disposable strips of plastic which plays very important role in monitoring and controlling the blood glucose level. Strips have the impregnate of Glucose Oxidase, Glucose Dehydrogenase and other. When blood comes in contact with the strip it reacts chemically with glucose oxidase to produce gluconic acid form the glucose present in the blood. Thus with the use of algorithm to identify the glucose levels depend upon the current difference in the meter.

Further, looking at the current trends of the people in these regions. The lifestyle and the habits are leading to more number diabetic patients. With increasing diseases prevalence and also geriatric population the demand of blood glucose devices and stripes is expected to be enormous. Thus, this will eventually will result in the increasing demand for devices and products to monitor and also for the replaceable products. Based on the historical trends and market scenario, blood glucose is expected to be the growing segment of this market during 2017-2023.

Test the market data and market information presented through more than 50 market data tables and figures spread over 50 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Blood Glucose Test Strip Market Research Report – Europe, Middle East and Africa Forecast to 2023.

Europe, Middle East & Africa Blood Glucose Test Strip Market Players:

There some major players in the manufacturing of diabetic checking and controlling devices which have global and local presence and those are Abbott, LIFESCAN, Panasonic (Bayer), Omron, Roche Diagnostics, Ascensia Diabetes Care Holdings,  Nipro Diagnostics, ARKRAY, I-SENS, Braun, 77 Elektronika, Infopia, Terumo, AgaMatrix, SANNUO, EDAN, Yicheng, Yuwell, ALL Medicus and Hainice Medical

Regional Analysis

On regional basis, market is segmented into countries of Europe like is Germany, France, Italy, Spain U.K and Rest of Europe. While the other two major segments are Middle East and Africa. European region accounts for the largest market due to a huge diabetic population, and adoption of advanced technology for medical devices. European market is the second largest revenue generator after the American market. While Middle East and Africa market witness slower growth.

Segmentation:

Europe, Middle East & Africa Blood Glucose Test Strip market are segmented, by types, Glucose Oxidase, Glucose Dehydrogenase and Other. On the basis of End User, Hospital, Clinics and Household. On the basis of technology, Wicking technology and Channel technology and on the basis of region, Europe, Middle East and Africa.

Figure: Europe, Middle East & Africa Blood Glucose Test Strip Market Share by type, 2016 (%)

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