Europe Blood Glucose Test Strips Market Introduction and Overview
According to SPER Market Research, the Europe Blood Glucose Test Strips Market is estimated to reach USD XX Billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Europe Blood Glucose Test Strips Market, including market size and trends, product mix, applications, and supplier analysis. The blood glucose test strip market is a subset of the medical diagnostics sector that manufactures, distributes, and sells disposable strips used to measure blood glucose levels in diabetics. These test strips are intended to be used with a blood glucose metre, which is a handheld instrument that gives a computerised reading of blood glucose levels.
Market Opportunities and Challenges
- Emphasis on illness management and preventive care: To lessen the burden of diabetes and its complications, governments, healthcare organisations, and insurers are prioritising disease management and preventative care. This approach provides chances for proactive monitoring and regular testing, such as blood glucose test strips. Furthermore, increased collaboration, mergers, and acquisitions among market competitors will expand profitable opportunities in forecast period. Furthermore, the increasing number of market players will accelerate the market's growth pace in the future.
- The high cost of the product: The high cost of product manufacture is projected to impede market expansion. Disruption in the supply chain industry may also pose a hurdle to market expansion. In addition, the lack of a favourable reimbursement scenario, technological adoption in developing economies, and a lack of sufficient infrastructure are expected to provide challenges to the market in forecast period.
Market Competitive Landscape
The Europe Blood Glucose Test Strips Market is highly fragmented, with only a few prominent manufacturers. In recent years, technological developments have helped businesses strengthen their market position. The major key players in the Europe Blood Glucose Test Strips Market are: Abbott, Agamatrix Inc., Acon, Arkray, Ascensia Diabetes Care, Bionime Corporation, Dexcom, F. Hoffmann-La Roche AG, Johnson & Johnson, Medisana, Medtronic, Rossmax, Trivida, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Technology, By End User
|
| Regions covered | Belgium, France, Germany, Italy, Netherlands, Russia, Spain, Switzerland, The U.K., Turkey, Rest of Europe
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| Companies Covered | Abbott, Agamatrix Inc., Acon, Arkray, Ascensia Diabetes Care, Bionime Corporation, Dexcom, F. Hoffmann-La Roche AG, Johnson & Johnson, Medisana, Medtronic, Rossmax, Trivida, Others
|
COVID-19 Impact on Europe Blood Glucose Test Strips Market
The COVID-19 pandemic has had a severe influence on the European blood glucose test strip industry. Lockdown measures and disruptions in healthcare facilities have caused delays in routine check-ups and diagnostics, reducing demand for blood glucose test strips. Furthermore, economic uncertainty has resulted in lower disposable income and healthcare spending by consumers. However, the rising emphasis on remote monitoring and telehealth solutions has helped to alleviate the drop in demand, with some patients choosing home-based glucose monitoring. Throughout the epidemic, the market faced both obstacles and opportunities.
Key Target Audience
- Diabetics and Blood Glucose Monitoring Users
- Healthcare Professionals (Endocrinologists, General Practitioners, Nurses, etc.)
- Hospitals and Clinics
- Retail Pharmacies and Drugstores
- Home Healthcare Providers
- Medical Device Manufacturers
- Research Institutions and Laboratories
- Diabetes Associations and Patient Advocacy Groups
- Others
Our in-depth analysis of the Europe Blood Glucose Test Strips Market includes the following segments:
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By Type:
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Optical Strips
Thick Film Electrochemical Films
Thin Film Electrochemical Films
|
|
By Technology:
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Glucose Dehydrogenase
Glucose Oxidase
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By End User:
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Diagnostic Laboratories
Home Care
Hospitals
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By Region:
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Belgium
France
Germany
Italy
Netherlands
Russia
Spain
Switzerland
The U.K.
Turkey
Rest of Europe
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Key Topics Covered in the Report
- Europe Blood Glucose Test Strips Market Size (FY’2024-FY’2033)
- Overview of Europe Blood Glucose Test Strips Market
- Segmentation of Europe Blood Glucose Test Strips Market By Type (Optical Strips, Thick Film Electrochemical Films, Thin Film Electrochemical Films)
- Segmentation of Europe Blood Glucose Test Strips Market By Technology (Glucose Dehydrogenase, Glucose Oxidase)
- Segmentation of Europe Blood Glucose Test Strips Market By End User (Diagnostic Laboratories, Home Care, Hospitals)
- Statistical Snap of Europe Blood Glucose Test Strips Market
- Expansion Analysis of Europe Blood Glucose Test Strips Market
- Problems and Obstacles in Europe Blood Glucose Test Strips Market
- Competitive Landscape in the Europe Blood Glucose Test Strips Market
- Impact of COVID-19 and Demonetization on Europe Blood Glucose Test Strips Market
- Details on Current Investment in Europe Blood Glucose Test Strips Market
- Competitive Analysis of Europe Blood Glucose Test Strips Market
- Prominent Players in the Europe Blood Glucose Test Strips Market
- SWOT Analysis of Europe Blood Glucose Test Strips Market
- Europe Blood Glucose Test Strips Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Blood Glucose Test Strips Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Blood Glucose Test Strips Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Blood Glucose Test Strips Market
7. Europe Blood Glucose Test Strips Market, By Type (USD Million) 2020-2033
7.1. Europe Blood Glucose Test Strips Market Size, Share and Forecast, By Type (2020-2026)
7.2. Europe Blood Glucose Test Strips Market Size, Share and Forecast, By Type (2027-2033)
7.3. Optical Strips
7.4. Thick Film Electrochemical Films
7.5. Thin Film Electrochemical Films
8. Europe Blood Glucose Test Strips Market, By Technology (USD Million) 2020-2033
8.1. Europe Blood Glucose Test Strips Market Size, Share and Forecast, By Technology (2020-2026)
8.2. Europe Blood Glucose Test Strips Market Size, Share and Forecast, By Technology (2027-2033)
8.3. Glucose Dehydrogenase
8.4. Glucose Oxidase
9. Europe Blood Glucose Test Strips Market, By End User (USD Million) 2020-2033
9.1. Europe Blood Glucose Test Strips Market Size, Share and Forecast, By End User (2020-2026)
9.2. Europe Blood Glucose Test Strips Market Size, Share and Forecast, By End User (2027-2033)
9.3. Diagnostic Laboratories
9.4. Home Care
9.5. Hospitals
10. Europe Blood Glucose Test Strips Market Forecast, 2020-2033 (USD Million)
10.1. Europe Blood Glucose Test Strips Market Size and Market Share
11. Europe Blood Glucose Test Strips Market, By Region, 2020-2033 (USD Million)
11.1. Europe Blood Glucose Test Strips Market Size and Market Share By Region (2020-2026)
11.2. Europe Blood Glucose Test Strips Market Size and Market Share By Region (2027-2033)
11.3. Belgium
11.4. France
11.5. Germany
11.6. Italy
11.7. Netherlands
11.8. Russia
11.9. Spain
11.10. Switzerland
11.11. The U.K.
11.12. Turkey
11.13. Rest of Europe
12. Company Profile
12.1. Abbott
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Agamatrix Inc
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Acon
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Arkray
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Ascensia Diabetes Care
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Bionime Corporation
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Dexcom
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. F. Hoffmann-La Roche AG
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Johnson & Johnson
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Medisana
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Medtronic
12.11.1. Company details
12.11.2. Financial outlook
12.11.3. Product summary
12.11.4. Recent developments
12.12. Rossmax
12.12.1. Company details
12.12.2. Financial outlook
12.12.3. Product summary
12.12.4. Recent developments
12.13. Trivida
12.13.1. Company details
12.13.2. Financial outlook
12.13.3. Product summary
12.13.4. Recent developments
12.14. Others
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
