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US Blood Glucose Test Strips Market Size, Share, Trends, Growth Outlook

US Blood Glucose Test Strips Market Size, Share, Value, Trends, and Competitive Intelligence Report 2023 | Segmentation By Technology, By Application, and By End User

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  • US Blood Glucose Test Strips Market
  • |Published Month : February, 2024
  • |No. of Pages : 80

US Blood Glucose Test Strips Market Outlook 2030

The US Blood Glucose Test Strips Market size is valued at around USD XX billion and is projected to grow at a CAGR of 5.5% during the forecast period 2022-2030. The United States held the largest share in the North American Blood Glucose Test Strips Market during the forecast period. Some of the key driving factors participating in the growth of the US market are, the rising prevalence of diabetes, growing consciousness about the importance of glucose monitoring, and the surge in the aged population.

Furthermore, with high competition in the Blood Glucose Test Strips market, new key players appear, and existing players hunt to enhance their market share and product offerings.

Report Key Highlights:

  • The US Blood Glucose Test Strips Market contributes its utmost share to the growth of the North American region.
  • Rising prevalence of diabetes is driving the growth of the Blood Glucose Test Strips Market in the United States
  • Increasing demand for diabetic monitoring devices is one of the key factors boosting the enhancement of the market
  • By Technology, the Glucose Dehydrogenase (GDH) segment is expected to register the highest share during the forecast period.

Outlook

According to the report Application segment, Type-2 Diabetes is expected to show a prominent share of the market over the forecast period 2022-2030. US Blood Glucose Test Strips Market companies include Roche Diabetes Care, Abbott Laboratories, Ascensia Diabetes Care, and LifeScan, Inc. To improve patient outcomes and address unfulfilled market needs, these firms are making substantial investments in research and development of innovative products.

Latest Trends:

  1. As per the news, In a stock-for-stock transaction valued at $1.3 billion, Johnson & Johnson has agreed to acquire Inverness Medical Technology's diabetes care products business.

US Blood Glucose Test Strips Market Segmentation:

By Technology:

  • Glucose Dehydrogenase (GDH)
  • Glucose Oxidase (GOD)

By Application:

  • Type 1 Diabetes
  • Type 2 Diabetes
  • Gestational Diabetes
  • Pre-Diabetes

By End-user:

  • Individuals
  • Hospitals & Clinics
  • Others

Major companies in Blood Glucose Test Strips Market Covered, globally;

  • Abbott Laboratories
  • F. Hoffmann-La Roche Ltd
  • Agamatrix
  • Ascensia Diabetes Care Holdings AG
  • LifeScan, Inc
  • ARKRAY, Inc
  • Medtronic plc
  • Bionime Corporation
  • Care Touch LLC
  • DarioHealth Corporation

US Blood Glucose Test Strips Market

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