Introduction
The global blood glucose test strip packaging market is expected to generate revenue of $3.6 billion in 2022, growing at a CAGR of 4.9% during the forecast period of 2022-2029. The major drivers for the market are the rising prevalence of diabetes and the increasing demand for home-based self-monitoring of blood glucose levels. The key players in the market are Becton Dickinson (BD) (US), Abbott Laboratories (US), Ascensia Diabetes Care Holdings AG (Switzerland), Roche Diagnostics (Switzerland), and TERUMO CORPORATION (Japan).
The rising prevalence of diabetes and the increasing awareness about self-monitoring of blood glucose levels are the major factors driving the growth of this market. In addition, the availability of new technologies, such as Bluetooth-enabled blood glucose meters, is also fueling the market growth.
However, the stringent regulations governing the approval of blood glucose test strips and the high cost of these products are restraining market growth.
Report IncludesAn overview of the global Blood Glucose Test Strip Packaging market, and related technologies and developments. Analyses of global market trends, with historical data from 2016, 2017, and 2018 estimates and projections of CAGRs through 2027. It also includes breakdowns of the overall Blood Glucose Test Strip Packaging market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Blood Glucose Test Strip Packaging market and comprehensive profiles of leading companies in the industry
Report ScopeThe report forecasts the size of the Blood Glucose Test Strip Packaging market for components from 2020 through 2027
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes research scope, market segmentation, research methodology, and definitions and assumptions. It involves extreme rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis. This chapter provides detailed insights into the market, which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Market Drivers
1. The global blood glucose test strip packaging market is being driven by the rising incidence of diabetes and the consequent increase in demand for self-monitoring of blood glucose (SMBG).
2. The growing awareness about the early detection and management of diabetes is another key factor driving the market.
3. The availability of reimbursement for SMBG products in developed countries is also fuelling the market growth.
4. The increasing adoption of point-of-care (POC) testing is another major trend favoring market expansion.
Segmentation Analysis:The Blood Glucose Test Strip Packaging market is segmented on the basis of product type, end-user, and geography.
- By product type, the market is classified into vials, pens, and cassettes. The vials segment holds the largest share of the market due to their wide use in hospitals and clinics.
- By end user, the market is divided into hospitals & clinics, home care settings, and diagnostic laboratories. The hospitals & clinics segment dominates the market due to the increasing number of diabetic patients being treated in these facilities.
- Geographically,the market is analyzed across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounts for the largest share of the global blood glucose test strip packaging market due to the high prevalence of diabetes in this region.
Global Blood Glucose Test Strip Packaging market Competitive Analysis:Key players in the Global Blood Glucose Test Strip Packaging market are CSP Technologies, Multisorb Technologies, Impak Cororation, Sanner, LPS Industries, LLC, Laminatedfilms & Packaging, INC, and Flow Dry Technology among other players.
*All our reports are customizable as per customer requirementsThis study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. The Global Blood Glucose Test Strip Packaging market is distributed on the basis of the below-mentioned segments:
Global Blood Glucose Test Strip Packaging Market, By Type:
- Blister Packs
- High Barrier Pouches
- Vials
- Others
Global Blood Glucose Test Strip Packaging Market, By Application:
- Hospital
- Clinic
- Household
- Others
Global Blood Glucose Test Strip Packaging Market, By Region:
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
List of Figures
Figure 1: Global Blood Glucose Test Strip Packaging Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Blood Glucose Test Strip Packaging Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Blood Glucose Test Strip Packaging Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Blood Glucose Test Strip Packaging Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Blood Glucose Test Strip Packaging Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Blood Glucose Test Strip Packaging Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Blood Glucose Test Strip Packaging Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Blood Glucose Test Strip Packaging Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Blood Glucose Test Strip Packaging Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Blood Glucose Test Strip Packaging Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Blood Glucose Test Strip Packaging Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Blood Glucose Test Strip Packaging Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Blood Glucose Test Strip Packaging Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Blood Glucose Test Strip Packaging Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Blood Glucose Test Strip Packaging Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Blood Glucose Test Strip Packaging Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Blood Glucose Test Strip Packaging Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Blood Glucose Test Strip Packaging Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Blood Glucose Test Strip Packaging Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Blood Glucose Test Strip Packaging Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Blood Glucose Test Strip Packaging Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Blood Glucose Test Strip Packaging Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
