Europe Test Strips Market Size, Share and Competitive Landscape 2027
Category: #business  By Ronak Bora  Date: 2021-05-04
  • share
  • Twitter
  • Facebook
  • LinkedIn
Europe Test Strips Market Size, Share and Competitive Landscape 2027

The Europe test strips market size is predicted to go past the $2.5 billion mark by the year 2027, according to reports. The cause of this exponential growth is accredited to the increasing lifestyle changes the region is witnessing over the last decade. These fast-paced changes have resulted in the increased risk of deadly diseases like diabetes across the region as well.

Get sample copy of this research report @  https://www.graphicalresearch.com/request/1716/sample

Lifestyle changes such as drastic fall in physical activities like exercise can easily give rise to life-threatening medical conditions like diabetes. According to the statistical report released by the World Health Organization (WHO), 6 out of 10 people above the age of 15 do not engage in any physical activities like exercise or sports. This itself is one of the major causes for rising cases of diabetes in Europe. This will create higher demand for test strips, which in turn, will increase their market share in the region.

As per a report by the WHO, almost 60 million people fall prey to diabetes in the European region alone, where 10.3% men and 9.6% women are suffering from the ailment. This significant figure is one of the main drivers of the test strips market in Europe.

On the other hand, blood sugar conditions like hypoglycemia and hyperglycemia are increasing by the day in Europe. In fact, these medical conditions have high morbidity and mortality rates as well. Hospitals in the region are seeing increasing cases of the same, which will foster market demand for diabetes test strips. This shall positively influence the Europe test strips market.

Technological advancement is another factor contributing towards the growth of Europe test strip industry. The test strips used to detect imbalances in the chemicals of a human body are becoming smarter with each innovation. For example, there are test strips in the market today that allow to soak more blood, if at all the strip is inadequately filled. Once the strip is refilled with blood, its sensors analyze the glucose level and show whether it is within permissible limits.

Europe test strips market, today, is divided into two sectors: urine test strips and diabetes test strips. According to reports, the staggering revenue of $96 million generated by the urine test strips industry is proof enough about the alarming rise in the number of kidney ailments and urinary tract infections (UTIs). UTIs account for nearly 1.6 million deaths, according to statistics published by the European Association of Urology.

Driven by the fear of contracting such a deadly disease, a lot of young people are buying test strips to get themselves tested at an early stage at the sign of symptoms, contributing towards increase in the test strip consumption in Europe.

The geriatric or ageing population is also on the rise in Europe. This increases chances of getting infected by UTIs or contracting diabetes to a great extent. Lack of awareness among the elderly and being ignorant towards the benefits of early testing also adds to the problem. All these factors will lead to increased buying of diabetes and urine test strips, which will foster Europe test strips industry trends.

The Europe test strips industry is further divided into segments like hospitals, diagnostics clinics and home care. Europe is known to have some of the best healthcare facilities in the world. The region has one of the most skilled workforces in the healthcare sector. Due to ease of access to efficient healthcare facilities, the test strips market in the region will make tremendous progress by 2027.

Request for customization @  https://www.graphicalresearch.com/request/1716/customize-this-report

Some of the major producers of test strips in the European market are Abbott Laboratories, Roche Diabetes Care, Lifescan, Henry Schein, Tiadoc and B Braun, among others.

Browse Related Report:

North America Test Strips Market Size By End-use (Hospital, Home Care, Diagnostic Laboratories), By Product (Diabetes Test Strips {Thick Film, Thin Film}, Urine Test Strips), Research Report, Country Outlook (Japan, China, India, Australia, New Zealand, Indonesia, South Korea, Singapore, Malaysia, Thailand, Vietnam), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027

https://www.graphicalresearch.com/industry-insights/1711/north-america-test-strips-market

Asia Pacific Test Strips Market Size By End-use (Hospital, Home Care, Diagnostic Laboratories), By Product (Diabetes Test Strips {Thick Film, Thin Film}, Urine Test Strips), Research Report, Country Outlook (Japan, China, India, Australia, New Zealand, Indonesia, South Korea, Singapore, Malaysia, Thailand, Vietnam), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027

https://www.graphicalresearch.com/industry-insights/1718/asia-pacific-test-strips-market

Table of Contents (ToC) of the report:

Chapter 1   Methodology

1.1    Definition and forecast parameters

1.1.1    Definitions

1.1.2    Methodology and forecast parameters

1.2    Data sources

1.3    References & sources

1.3.1    Secondary

1.3.2    Primary

Chapter 2   Executive Summary

2.1    test strips industry summary, 2016 – 2027

2.1.1    Country trends

2.1.2    Product trends

2.1.3    End-use trends

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1716/europe-test-strips-market

About Graphical Research:                              

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

 

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

Read More >>

More News By Ronak Bora

APAC Data Center Colocation Market Size 2020 to 2026 – Insights, Growth and Forecast
APAC Data Center Colocation Market Size 2020 to 2026 – Insights, Growth and Forecast
By Ronak Bora

The Asia Pacific data center colocation market size has witnessed tremendous developments over the years due to the rising demand for colocation services from SMBs across the region.  The rapid growth in the number of small and medium scale busi...

Asia Pacific Gas Sensors Market Size 2020 Industry Research Report, Trends, Growth and Forecasts 2026
Asia Pacific Gas Sensors Market Size 2020 Industry Research Report, Trends, Growth and Forecasts 2026
By Ronak Bora

The Asia Pacific gas sensors market size will surpass USD 350 million by 2026. The trend for smart manufacturing and industrial automation will propel Asia Pacific gas sensors market share. Governments have upped focus on smart manufacturing faciliti...

Asia Pacific Gas Water Heater Market Size 2020-26: Industry Share, Trends and Forecast Analysis
Asia Pacific Gas Water Heater Market Size 2020-26: Industry Share, Trends and Forecast Analysis
By Ronak Bora

The Asia Pacific gas water heater market size offers foolproof analysis on the industry with critical data regarding its foothold in the global industry along with laying emphasis on its applications across myriad end-user sectors. Additionally, the ...