Transparency
Market Research Reports included a detailed market survey and analysis trends
on “Blood Glucose Test Strips Market”.
This report also includes more info about basic overview of the industry
including definitions, applications and global market industry structure.
Blood glucose or blood
sugar refers to the sugar passed through the blood stream that is responsible
for ensuring the energy supply to all the cells in the body. The regulation of blood
glucose levels is essential in order to maintain the normal levels thereby
maintaining hemostasis (maintaining a stable or equilibrium condition in the
blood’s internal environment). The state of hemostasis is necessary for our
bodies to ensure proper functionality.
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There exist different
types of blood glucose measurement tests performed such as fasting blood sugar
test, postprandial blood sugar, oral glucose tolerance test, glycohemoglobin
A1c testing and random blood sugar testing. Deviation in blood glucose levels
from the normal range results in the development of disorders such as
hyperglycemia and hypoglycemia. Hyperglycemia refers to a condition
characterized by high levels of blood sugar than normal range whereas
hypoglycemia refers to a condition characterized by lower blood glucose levels
than normal range. Research studies have proved that higher levels of blood
glucose levels lead to increased risk of developing cardiovascular diseases
both in diabetic and non-diabetic population.
Blood glucose
monitoring is referred to the regular testing of glycemia (testing the levels
of glucose). Usually the blood glucose levels are monitored by either using a
glucose meter comprising lancets, test strips and logbooks. In January 2014,
the U.S. Food and Drug Administration (FDA) proposed the new draft guidance for
blood glucose test strips. The FDA has issued for the first time two separate
guidance drafts for blood glucose test strips of which one is focused on point
of care prescription meters (used in hospitals) and the other for
over-the-counter (OTC) products.
The scope for allowable
range of errors has been tightened from plus or minus 20% to plus or minus 15%.
Similarly, the range of errors in case of point of care meters is also
tightened. The other requirements would be the disinfection requirements and the
packaged maters would contain the information about the accuracy results of the
products. This would help the buyers to select the appropriate test strips.
Another major requirement that FDA had added is that it would review the
manufacturers test strips release lot that means there would be more stringent
scrutiny for the clearance of test strips. Hence, these guidelines would ensure
safety along with high reliability and accuracy and also reduce the probability
of product recalls by the respective companies.
The market for blood
glucose test strips can be segmented based on the test strips available for
hospital use and over the counter products. Also, a detailed geographical
landscape elucidating the market trends for four major geographies can be provided.
The major factors favoring the growth of the blood glucose test strips market
is consistent increase in the prevalence of diabetes along with increasing
obesity and increased physical inactivity. As per the data enumerated by the
International Diabetes Federation, in the year 2013 there are around 382
million people suffering from diabetes worldwide of which 37 million are
Americans, 72 million people in South East Asian countries and around 56
million in European countries and others. In addition, rise in technological
advances and increased awareness about diabetes is leading to increased
diagnosis rates both at hospitals and at individual level.
These factors would in
turn enhance the adoption of blood glucose test strips and drive the market
growth. On the other hand, lack of accuracy, reliability, and increasing
product recalls by several manufacturers would impede the market growth. Some
of the key market players competing in this market are Abbott Laboratories,
Bayer Healthcare AG, LifeScan, Inc., and F.Hoffmann-La Roche Ltd.
More Report on Pharmaceutical Market: http://www.transparencymarketresearch.com/pharmaceutical-market-reports-1.html
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
Reasons
for Buying this Report
- This report provides pin-point
analysis for changing competitive dynamics
- It provides a forward looking
perspective on different factors driving or restraining market
growth
- It provides a technological growth
map over time to understand the industry growth rate
- It provides a seven-year forecast
assessed on the basis of how the market is predicted to grow
·
It helps in making informed business
decisions by having complete insights of market and by making in-depth analysis
of market segments.
Download PDF: Global Blood Glucose Test Strips Market
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