Glucose Monitoring Devices market worldwide is projected to grow by US$5.9 Billion, driven by a compounded growth of 6.8%. Testing Strips, one of the segments analyzed and sized in this study, displays the potential to grow at over 6.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$4.7 Billion by the year 2025, Testing Strips will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 5.8% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$204.8 Million to the region’s size and clout in the next 5 to 6 years. Over US$179.4 Million worth of projected demand in the region will come from Rest of Europe markets.
In Japan, Testing Strips will reach a market size of US$195.9 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 9.9% over the next couple of years and add approximately US$1.6 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.