BLOOD GLUCOSE TEST STRIP MARKET ANALYSIS

Regional Analysis

Global Blood Glucose Test Strip Market: Regional Insights

Based on geography, the global blood glucose test strip market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

Among regions, North America is expected to gain highest share in the market during the forecast period due to high diabetic population in the country. According to a recent survey, close to 7.4% of the total population of the country are diabetic. About 24 million Americans are diagnosed with diabetes every year. The country also has the highest obesity population, and obesity is considered a prominent cause for type-2 diabetes. Even though insurances cover the cost of most equipment and medications required for the diabetic patients, most of manufactures are getting profits through the blood glucose test strip market, for example Roche made approximately USD 460 million profit in the U.S. blood glucose test strip market alone.

Europe and Asia Pacific are also expected to witness robust growth in the global blood glucose test strip market owing to the increasing prevalence of diabetes, increasing obesity population. in these regions. Furthermore, in Germany, the mortality risk associated with diabetes is up to 2.6 times higher than people without diabetes. The country also records high rates of diabetes prevalence (12.2%) among adult diabetes population. The type-1 population in Germany was reported to be 0.3 million in 2018 and is expected to reach 0.4 million by 2024.This in turn is expected to augment the market growth.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa