Blood Glucose Test Strip Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Blood Glucose Test Strip Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Blood Glucose Test Strip Packaging Market

The blood glucose test strip packaging market size was valued at USD 2.25 billion in 2023, and the market is now projected to grow from USD 2.38 billion in 2024 to USD 3.91 billion by 2032, exhibiting a CAGR of 6.41% during the forecast period of 2024-2032.

The COVID-19 pandemic considerably disrupted businesses, especially the medical device quarter. Despite considerable negative influences, the MedTech industry saw blended outcomes. The blood glucose test strip packaging sector skilled slight growth as greater diabetic individuals in rising countries used these strips at domestic.

The rising global incidence of diabetes is riding boom inside the blood glucose check strip packaging market. Diabetic sufferers' common trying out and government monetary aid increase marketplace demand. The comfort of domestic testing without laboratory visits further hurries up marketplace growth.

The demand for individually packed take a look at strips is boosting marketplace growth. These strips, included with aluminum desiccant movie, make sure safety and sturdiness by using preventing exposure and moisture harm. This packaging maintains strip satisfactory higher than bottles, which hazard moisture penetration when again and again opened. Ideal humidity for storage is round 25°C, in addition making sure strip reliability.

Comprehensive Analysis of Blood Glucose Test Strip Packaging Market

The blood glucose test strip packaging market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by material analysis, by product type analysis, by end-user analysis. By material analysis incudes, plastic, aluminum, and others. By product type analysis incudes bottle, vial & tubes, film, and others. By end-user analysis incudes, hospital, diagnostic clinics, household, and others.

The North America region lead the blood glucose test strip packaging market share by benefitting a market size of USD 0.80 billion in 2023 due to the well-established healthcare industry in the region

The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Aptar CSP Technologies, Sanner, Shijiazhuang Xinfuda Medical Packaging Co., Ltd., HMD, YuHuan KangJia, Multisorb, Wisesorbent Technology, IMPAK Corporation, ARKRAY, Inc., Amcor, Procurenet Limited these market players provide a level-playing competitive landscape.

In December 2022, Airnov Healthcare Packaging introduced the HAT-B vial, a moisture-protective flip-flop container for test strips, nutraceuticals, and pharmaceuticals.

Segmentation Table

Attribute Details

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 6.41% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Material

Plastic

Aluminum

Others

By Product Type

Bottle

Vial & Tubes

Film

Others

By End-user

Hospital

Diagnostic Clinics

Household

Others

By Region

North America (By Material, Product Type, End-user, and Country)

- U.S. (By End-user)

- Canada (By End-user)

Europe (By Material, Product Type, End-user, and Country)

- Germany (By End-user)

- U.K. (By End-user)

- France (By End-user)

- Italy (By End-user)

- Spain (By End-user)

- Russia (By End-user)

- Poland (By End-user)

- Romania (By End-user)

- Rest of Europe (By End-user)

Asia Pacific (By Material, Product Type, End-user, and Country)

- China (By End-user)

- India (By End-user)

- Japan(By End-user)

- Australia (By End-user)

- South Korea (By End-user)

- Southeast Asia (By End-user)

- Rest of Asia Pacific (By End-user)

Latin America (By Material, Product Type, End-user, and Country)

- Brazil (By End-user)

- Mexico (By End-user)

- Argentina (By End-user)

- Rest of Latin America (By End-user)

Middle East & Africa (By Material, Product Type, End-user, and Country)

- Saudi Arabia (By End-user)

- UAE (By End-user)

- Oman (By End-user)

- South Africa (By End-user)

- Rest of the Middle East & Africa (By End-user)


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