Global Blood Glucose Testing market will reach 12700 million US$ by the end of 2025
Published Date: 2018/11/27
Blood Glucose Testing, also known as blood glucose monitoring, is one of the main tools involved in controlling diabetes.
Blood Glucose Testing is the process used to measure the concentration of glucose in your blood. Blood glucose testing can be carried out at home using a blood glucose meter.
A blood test involves pricking your finger with a small needle called a lancet, drawing a drop of blood from the finger and applying it to a test strip that has been engaged into a blood glucose meter.
Blood glucose test strips, lancet and blood glucose meter are together used for blood glucose testing. But Blood glucose test strips are most used, occupies about 85% market of blood glucose testing.
The classification of Blood Glucose Testing includes Glucose Oxidase, Glucose Dehydrogenase and other, and the proportion of Glucose Oxidase in 2017 is about 50.6%.
Blood Glucose Testing is widely used in Hospital, Clinic and Household. The most proportion of Blood Glucose Testing is used in household, and the sales proportion is about 72.6% in 2017.
North America is the largest consumption place, with a consumption market share nearly 31.2% in 2017. Following North America, Europe is the second largest consumption place with the consumption market share of 29.5%.
Market competition is intense. Roche, LIFESCAN, Abbott, Ascensia, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
The global Blood Glucose Testing market is valued at 9330 million US$ in 2017 and will reach 12700 million US$ by the end of 2025, growing at a CAGR of 3.9% during 2018-2025.
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