Blood Glucose Meters & Strips Market to Reach $11.5 Billion by 2012, According to New Report by Global Industry Analysts, Inc.

Increasing incidence of diabetes, rising frequency of home testing, and painless methods of blood glucose level measurement are few factors fostering the demand for blood glucose meters and strips across the world. By the year 2012, global market for blood glucose meters & strips is projected to reach $11.5 billion.

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Blood Glucose Meters & Strips: A Global Strategic Business Report

San Jose, California (PRWEB) October 23, 2008

Blood glucose levels or blood sugar levels represent the measurement, which indicates whether or not a person is suffering from diabetes. Blood glucose monitoring can be performed at home using a variety of blood monitoring products available on the market, which usually include glucometers and test strips. Glucose self-monitoring remains a very viable option for a vast majority of diabetic patients, and is increasingly considered as the standard of care. Over the years, glucose-monitoring meters have undergone vast change, with recent entries featuring non-revolutionary and small-scale improvements.

Countries with the largest number of diabetics include India, China, USA, Indonesia, Japan, Pakistan, Russia, Brazil Italy and Bangladesh. With diabetes epidemic underway, there exists strong growth opportunities for diabetes management tools, such as, blood glucose meters and strips worldwide. United States and Europe collectively account for more than 73% of the world blood glucose meters & strips market estimated in the year 2008, as stated by the recent report published by Global Industry Analysts, Inc. Blood glucose strips represents the leading product segment, capturing more than 83% share of the worldwide sales.

With a significant proportion of the population in United States being obese, there exists a higher incidence rate for diabetes. Blood glucose strips market in the United States is projected to reach US$3.7 billion by 2015. In Europe, with the assessment of quality care in everyday setting fast gaining importance in several countries, demand for blood glucose meters and strips is projected to grow at a significant rate. Germany and United Kingdom comprise the key markets accounting close to 55% of the European market. Blood glucose meters market in Europe is expected to reach US$ 645 million in 2012. Asia-Pacific is the fastest expanding market for blood glucose meters and strips, expected to grow at 15.85% over the 2011-2015 period.

Global blood glucose meters and strips is an intensely competitive market, with a handful of players dominating the market. Leading players profiled in the report include Abbott Diabetes Care Inc, Arkray USA Inc., Bayer Healthcare LLC Diabetes Care, DexCom Inc, Home Diagnostics Inc, LifeScan Inc, Nova Biomedical, Roche Diagnostics Corp and Sanwa Kagaku Kenkyusho Co Ltd, among others

The report titled "Blood Glucose Meters & Strips: A Global Strategic Business Report" published by Global Industry Analysts, Inc., covers major market dynamics, trends, issues, and competition pertaining to the market. The report enumerates recent technological developments, product launches, developments, mergers, acquisitions and other strategic industry activities. Product segments analyzed in the study include Blood Glucose Strips and Blood Glucose Meters. Analysis is presented for established and emerging markets including United States, Canada, Japan, France, Germany, United Kingdom, Italy, Spain, Asia-Pacific, and Latin America.

For more details of this research report, please visit http://www.strategyr.com/Blood_Glucose_Meters_and_Strips_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
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Email press@StrategyR.com
Web Site http://www.strategyr.com/

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