New York, NY -- (SBWIRE) -- 03/21/2017 -- Increasing awareness about diabetes in the world is also giving a fillip to the worldwide blood sugar test strips market. While still people are not self-testing their blood glucose levels as per the recommended limits set by various medical organisations, the awareness to test and avail protection against diabetes is rising the world over, giving a boost to the worldwide blood sugar test strips market. In addition, advances in the self-monitoring of blood glucose testing technologies have made it easier for individuals to test themselves for diabetes and monitor their blood glucose levels. These advancement in technology and the ease of testing has also given a boost to the blood sugar test strips market. In this context, advances in software, that allow medical professionals to directly download patient data from blood glucose monitors has also paved the way of increasing the use of such devices, thereby increasing the market for blood sugar testing strips.

Blood Sugar Strips Market:

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However, there are various factors that are acting as a restraint to the worldwide blood sugar test strips market. One of the major factor is the falling prices of blood sugar test strips due to intense competition and the overabundance of market players in this field. Also, besides United States, there are certain countries where blood sugar test strips are available at half the prices than those available in United States, and this is creating an intense price pressure on the vendors of blood sugar test strips all over the world. There is a general unwillingness from the patients suffering from diabetes to pay more out of their pocket for the treatment of diabetes, thereby the frequency of self-testing of blood glucose levels is becoming less and less among such pool of patients.

Companies that dominate the blood sugar test strips market include F.Hoffmann-La Roche Ltd., Abbott Laboratories, LifeScan, Inc., and Bayer Healthcare AG.

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