According to the business intelligence report titled ‘Asia Pacific Test Strips Market Size By End-use, By Product, Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027’, available with Market Study Report, Asia Pacific test strips market is projected to grow substantially between 2021-2027.
 

Surging incidences of chronic diseases such as kidney ailments and diabetes due to lifestyle changes and high stress level is a key factor stimulating Asia Pacific test strips industry augmentation. Changes in diet patterns and rising fast food consumption also increases susceptibility to chronic diseases, thus contributing to market expansion.
 

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For the unversed, test strips have specially treated layers that help identify changes or abnormalities in the chemicals of the human body. The report also cites that geriatric population is highly vulnerable to chronic disorders. Hence, high elderly populace, coupled with increasing awareness about diabetes will encourage the youth to get tested early thus aiding the industry growth.
 

Furthermore, surging demand to improve healthcare infrastructure and development of advanced testing kits that are easier to use will stimulate market proliferation over the analysis period.
 

On the other hand, inadequate reimbursement policies and lack of accuracy in test results are poised to hinder Asia Pacific test strips industry augmentation.
 

Based on product gamut, the business sphere is divided into diabetes test strips (thick film, thin film), and urine test strips. Moving on to end user spectrum, the market space is bifurcated into hospitals, diagnostic laboratories, home care, and others.
 

The report, apart from highlighting the growth catalyst and roadblock in the industry sphere, also incorporates detailed analysis of various market segments. Information pertaining to revenue share held by each segment, alongside growth opportunities in different industry domains is provided which will enable the readers/investors/business leaders to take informed decisions.
 

Key players profiled in Asia Pacific test strips market report are Taidoc Technology Corporation, Abbott Laboratories, Siemens Healthineers AG, ACON Laboratories Inc., Roche Diabetes Care GmbH, Ascensia Diabetes Care Holdings AG, LifeScan Inc., Arkray Inc., Henry Schein Inc., and B. Braun Melsungen AG.