The global blood glucose test strip market comprises of disposable strips that are used in handheld glucose meters to measure the level of blood glucose or blood sugar in the body. Blood glucose test strips contain an enzyme that reacts with blood glucose and provides readout of the blood sugar level. Regular monitoring of blood glucose levels help in better management of diabetes and prevent complications associated with high or low blood sugar. The test strips are easy to use and provide quick results within few seconds, as a small drop of blood is needed for the test.

The Global Blood Glucose Test Strip Market is estimated to be valued at US$ 12.33 Bn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the blood glucose test strip market are BASF SE, SINOYQX, Puyang Green Yingli New Material Tech Co. Ltd, BEIJING GUOJIAN ANKE, ZHEJIANG LIN'AN YUNQING MELAMINE PLASTIC FOAM CO., PentaClick, Acoufelt, Clark Foam, Reilly Foam Corporation, Soundcoat, Festa. The growing prevalence of diabetes worldwide is boosting the demand for blood glucose test strips. Blood Glucose Test Strip Market Size According to International Diabetes Federation, around 537 million adults aged between 20-79 years were living with diabetes in 2021 and by 2030 it is expected to rise to 643 million. Regular monitoring of blood glucose levels help prevent and manage diabetes related health complications like heart disease, nerve damage, kidney disease etc. Major players are focusing on the emerging markets like China, India, Brazil and Middle East countries to tap the increasing demand and expand their global footprint.

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