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Global Test Strip Market Size

Test Strip Market size was valued at USD 5.1 billion in 2021 and is poised to grow from USD 5.58 billion in 2022 to USD 12.64 billion by 2030, growing at a CAGR of 9.5% in the forecast period (2023-2030).

Swetachakraborty
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Global Test Strip Market Size

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  1. Global Test Strip Market Size, Share, Growth Analysis, By Product(Blood Test Strips, Urine Test Strips), By Application(Diabetes, Pregnancy), By End- use(Hospitals, Home Care) - Industry Forecast 2023- 2030 Test Strip Market size was valued at USD 5.1 billion in 2021 and is poised to grow from USD 5.58 billion in 2022 to USD 12.64 billion by 2030, growing at a CAGR of 9.5% in the forecast period (2023-2030). The COVID-19 pandemic has had a substantial influence on the market. Due to the risk of infection transmission, the demand for test strips was exceptionally low during the early stages of the pandemic. However, research and advancement into the diagnosis of COVID-19 infection have skyrocketed. Furthermore, due to the growing prevalence of diabetes (blood glucose test strips) and urinary tract infections (UTIs) worldwide, the global test strip market is likely to develop considerably throughout the forecast period. Diabetes, for example, is anticipated to be the seventh-leading cause of mortality by 2030, according to World Health Organization (WHO) figures updated in November 2021, and the disease's

  2. prevalence has been growing more rapidly in low- and middle-income nations. The rising incidence of diabetes among the world's population is one of the primary factors driving the growth of the blood glucose test strip market size. Increased acceptance of the strips as they allow patients to complete their tests at home without visiting a diagnostic laboratory, as well as increased use of these strips as a diabetic patient is anticipated to test his sugar at least 2-3 times per day, drive the blood glucose test strip market growth.

  3. Global Test Strip Market Segmental Analysis The global test strip market is segmented on the basis of product, application, end-use, and region. Based on product, the market is segmented into blood test strips, urine test strips. Based on application, the market is segmented into pregnancy, urinary tract infection, and others. Based on end-use, the market is segmented into hospitals, home care, and diagnostic laboratories. Based on region, the global market segmentation spans North America, Europe, Asia-Pacific, South America, and MEA. View-More https://www.skyquestt.com/report/test- strip-market Test Strip Market Top Company Profiles •Abbott Laboratories •Roche Diagnostics •Siemens Healthcare •Ascensia Diabetes Care Holdings AG •LifeScan Inc. (a subsidiary of Johnson & Johnson)

  4. •B. Braun Melsungen AG •ARKRAY Inc. •AgaMatrix Holdings LLC •Bio-Rad Laboratories Inc. •BioMérieux SA •BioVision Inc. •Chembio Diagnostic Systems Inc. •Cytomegalovirus Diagnostics BV •Hologic Inc. •Nipro Corporation •PTS Diagnostics •Quidel Corporation •Trinity Biotech plc •Urinalysis System Inc. •Wondfo Biotech Co. Ltd. About Us: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

  5. Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA (+1) 617-230-0741 Email: sales@skyquestt.com LinkedIn Facebook Twitter

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