Blood Glucose Test Strip Market In-Depth Analysis and Revenue Driving Factors Analysis, 2028

Global blood glucose test strip market is expected to reach $18650 million by the end of 2028 as the scope and its applications are rising enormously across the globe. Blood glucose test strips also termed as “diabetes test strips”, are the small disposable strips made up of plastic that help the patient to control and monitor diabetes. When blood is placed onto the test strip, it reacts with glucose oxidase by making gluconic acid. The strip is used once and is discarded.

The factors that are playing a major role in the growth of the market are:

• The production of generic blood glucose test strips
• The growing demand for generic test strips
• The availability of low-cost substitutes like silk strips
• The growing number of diabetic patients
• The rising use of novel blood glucose testing methods
• Developed healthcare infrastructure

However, pricing pressure from competitors and errors like false glucose reading are the factors that may restrain overall market growth in the years to come.

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The retail pharmacy sector accounted for the substantial share of the market in terms of revenue and is estimated to lead the overall market in the years to come.

Distribution channels could be explored in a blood glucose test strips market are:

• Online retailers
• Retail pharmacy
• Hospital pharmacy
• Other 

Globally, North America accounted for the substantial share of the blood glucose test strip market and is estimated to lead the overall market in the years to come.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second-largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period.

The key players of the blood glucose test strip market are:

• B. Braun Holding GmbH & Co. KG.
• Abbott Laboratories
• Trividia Health, Inc.
• AgaMatrix, Inc.
• Sanofi
• PHC Holdings Corporation
• LifeScan, Inc.
• F. Hoffmann-La Roche Ltd.

These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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