Considering the rapid market expansion and the growth potential the market holds, Market Research Future (MRFR) recently published an in-depth study report, giving out the complete market prognosis for the period 2018 – 2021. In its analysis MRFR asserts that the Global Test Strip market is forecasted to grow exponentially by 2021, registering a staggering CAGR during the review period.
Pune, India -- (SBWIRE) -- 10/11/2018 -- The Global Test Strip Market is projected to witness steady growth over the forecast period which ends in 2021 according to Market Research Future in its latest detailed report on the subject.
Test strips are vital tools used in point-of-care (POC) diagnostics which offer a precise and immediate diagnosis of various diseases which require swift treatment. Their continued use combined with the rapidly expanding healthcare sector is a highly significant driver of the market.
Get Sample Report @ https://www.marketresearchfuture.com/sample_request/672
The global population has increased exponentially leading to an increased demand for diagnostics and healthcare in general. The global healthcare sector is rising rapidly, and the demand for test strips has grown alongside it. Government support for the use of test strips for speedy diagnosis is a key market driver. Moreover, technological advancements have improved the reliability of test strips, thus increasing use. It has been observed that there is an ongoing global increase in the diabetic population along with a high prevalence of UTIs where test strips are used extensively, thus driving demand. Significantly, the market is encouraged by the awareness created by market players active in the global test strip market.
Global Test Strip Market – Key Players
Hoffmann-La Roche Ltd (Switzerland), Siemens Ltd. (Germany), Abbott (US), B. Braun (Germany), LifeScan, Inc. (US), Chiltern MediCare Ltd. (US), Henry Schein, Inc. (US), Lifeassay Diagnostics (South Africa), Siemens Healthcare Private Limited (Germany), ARKRAY Inc. (US), Ascensia Diabetes Care Holdings AG. (Switzerland), TaiDoc Technology Corporation (Taiwan), Teco Diagnostics (US) are some of the prominent players at the forefront of competition in the Global Test Strip Market and are profiled in MRFR Analysis.
Industry/ Innovations/ Related News:
June 5, 2018 – Waters Corporation (US), a publicly traded Analytical Laboratory instrument and software company launched its new user-friendly lateral flow zearalenone strip test - The Zearala-V AQUA. Eliminating the for organic solvents using a water-based dilution-free extraction the Zearala-V AQUA test strips use the proven sensitivity and selectivity of VICAM's monoclonal antibodies to accurately detect and measure zearalenone at levels as low as 0.1 ppm and as high as 5.0 ppm.
Global Test Strip Market – Segmentation
MRFR has segmented the report into four key dynamics:
Product Types: Comprises Diabetic Strips, Urine Test Strip and Fluorescein, among others.
By Applications: Diagnosis (Urinalysis, Blood Glucose Analysis, and Ophthalmic Diagnostic, others). Pregnancy Test, and Disease Diagnosis (UTI, Liver & Kidney Diseases, Diabetic Test, others) among others.
By End-Users: Hospitals, Consumers, Clinics, Institutes & Research Laboratories, and Diagnostic Laboratories.
By Regions: North America, Europe, APAC and Rest of the World.
The Diabetic Strips segment is expected to witness high growth rate due to rising government initiatives and concerns for diabetics across the globe.
The end-users segment is driven by the rising demand for point of care (POC).
Global Test Strip Market – Regional Analysis
Globally, the North America market dominates the Test Strip market. Factors such as rising incidences of UTIs, diabetes and other chronic diseases such as liver & kidney disease, and ophthalmic disease among others, and the augmenting demand for a faster diagnosis drive the market growth in the region.
Simultaneously, well-spread awareness among people towards the advantages of test strips and the presence of the leading global players in the region are some of the key factor substantiating the growth of the regional market. Witnessing a widening uptake across the region, the North America market for Test strip is likely to continue its dominance throughout the assessment period.
The Europe market accounts for the second-largest market for Test Strip owing to the proliferation of healthcare sector, the presence of well-established players and growing healthcare expenditures in the region. Certainly, the resurging economy is the main driving force increasing the market value in the region.
The Asia Pacific Test Strip market emerging as the fastest growing market accounts for a substantial market share on the global platform. Factors such as the proliferation of healthcare sector in populous countries such as India and China substantiate the market growth in the region.
To Know More Enquire @ https://www.marketresearchfuture.com/enquiry/672
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.