Global Glucose Analysis Tubes Market Analysis & Trends - Industry Forecast to 2030

Global Glucose Analysis Tubes Market Analysis & Trends - Industry Forecast to 2030

Glucose Analysis Tubes: Market Size

From $569.57 million in 2024, the global Glucose Analysis Tubes market is projected to reach $992.64 million by 2030. Based on our analysis the market is expected to grow at a CAGR of 9.7% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include growing prevalence of diabetes, increasing growth in geriatric population and new product launches.

Global Bitumen Membrane Sheets Market: Market Dynamics

Global prevalence of diabetes is increasing across the world, which is leading to increase demand for glucose analysis tubes. This rise in diabetes is seen due to drastic changes in the lifestyle of people such as disturbed sleep cycles and unhealthy food eating habits. Also, awareness regarding regular blood glucose monitoring is rising. Manufacturers are also focusing on developing and producing innovative devices that help in the management and monitoring of glucose levels in the blood. Improving healthcare infrastructure will offer a lucrative growth opportunity for the sales of glucose analysis tubes across the world. It helped manufacturers to grow and set up various medical devices production systems across various institutes such as hospitals, ambulatory surgical centres, primary healthcare units, and sleep care institutes.

On the other hand, the invasive nature of the procedure and presence of many alternatives is likely to obstruct the profit boundaries. In addition, growing population and prevalence of diabetics will further boost for the Glucose Analysis Tubes market.

Impact of COVID-19 on Glucose Analysis Tubes

COVID-19 is anticipated to have a positive impact on the market for glucose analysis tubes. It is due to rising demand for diagnosis and testing during the pandemic phase. The diagnostic industry is the one with the highest demand during the coronavirus outbreak. With increase of the coronavirus crisis, healthcare providers shifted their practice and purchasing priorities to meet the demands of a pandemic. Regular monitoring in such cases, thus, increased demand for these tubes at diagnostic centers.

By Material

PET/Plastic Segment Dominate the Market in 2024

By material, PET/plastic is set to lead the market share over the forecast period. This is due to various advantages such as it being lightweight and less expensive than glass tubes. PET/Plastic strong, break-resistant, and can be as clear as glass bottles or jars. PET makes an excellent choice as a material in many industries. Factors such as its chemical resistance, strength-to-weight ratio, shatterproof properties, and low-cost to product make it an accessible solution for consumable product packaging. Moreover, the durability of plastic is more as compared to glass. Thus, this segment is expected to create multiple opportunity for manufactures.

By Geography

Asia Pacific Region is Leading in the Global Market Place

China dominated the Asia Pacific market, and is projected to expand at a highest CAGR during the forecast period. Diabetes is most commonly found in older adults, and China is one of the fastest-growing ageing populations in the world. According to WHO, in 2019, there were 254 million older adults aged 60 and above in the country and 176 million older adults aged 65 and above. Thus, glucose analysis tube manufacturers have a great opportunity to grow in the country over the forecast period.

List of the Key Players Profiled in the Market Include:

• AB Medical Inc
• APTACA spa
• Biosigma S.p.A.
• Cardinal Health, Inc
• FL Medical
• Greiner Bio-One International GmbH
• Guangzhou Improve Medical Instruments Co.,Ltd
• Hindustan Syringes & Medical Devices
• InterVac Technology
• Poly Medicure Ltd
• SARSTEDT AG & Co.KG
• Sekisui Medical Co., Ltd

List of the Regions/Countries Profiled in the Market Include:

North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others