Disclosed herein is a test strip analyzing apparatus having a wheel ejector. The test strip analyzing apparatus having a wheel ejector includes a body, a measurement unit, and an ejector. The measurement unit is disposed on one side of the body. The ejector is disposed in the measurement unit, and selectively inserts and discharges a test strip. Furthermore, the ejector includes a wheel that is rotatably mounted in the measurement unit so that a part of the wheel is exposed outside a top portion of the measurement unit and that selectively inserts and discharges the test strip using frictional force.