Blood Glucose Test Strip Market Leading Players, Growth Prospect and Analysis till 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 u201cdiabetes test stripsu201d, 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 availability of low-cost substitutes like silk strips, the growing number of diabetic patients, and the rising use of novel blood glucose testing method. 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. Blood glucose test strip market is segmented based on type, technology, distribution channel, and region.
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