Blood Glucose Test Strip Packaging Market Overview:
The blood glucose test strips are enclosed in high barrier pouches and vails in order to protect their quality from getting deteriorated due to environmental factors such as moisture, bacterial contamination and others.
As per the report that has been published by Market Research Future (MRFR), the global blood glucose test strip packaging market trends report registers the industry size to expand steadily in the coming years.
Market Drivers and Restraints:
Increasing demand for blood glucose test strips due to rise in prevalence of diabetes in all the regions of the world and rapid adoption of self-blood glucose testing devices are majorly propelling the expansion of the global market. Innovation in the manufacturing process by the incorporation of advanced technology has significantly improved the quality of packaging, which in turn is fueling the growth of the global blood glucose test strip packaging market.
Increasing geriatric population, prevalence of obesity and diabetes and the adoption of flexible packaging solutions are some of the other factors that are driving the global market. However, poor healthcare facilities in the underdeveloped regions and lack of awareness are likely to impact negatively on the growth of the globalmarket.
Market Segmentation:
The global blood glucose test strip packaging market has been segmented on the basis of product type. Based on product type, the market is segmented into plastic vials, aluminum foils and others. The plastic vials segment is sub-segmented into plastic vials with loose desiccant, plastic vials with injected desiccant, plastic vials with other desiccant and plastic vials without desiccant.
Regional Analysis:
Geographically, the global blood glucose test strip packaging market has been segmented into four major regions such as North America, Europe, Asia Pacific and the Middle East and Africa. Among these, The North America region is projecting dominance over the global market owing to the high demand for blood glucose test strips as the prevalence of diabetes is increasing in this region. The market in the Europe region is growing at a noteworthy rate due to the high prevalence of diabetes and obesity and high adoption of self-blood glucose testing in this region. Increasing incidences of diabetes in the Middle East region is fueling the growth of the global market in this region. Whereas lack of awareness is likely to hamper the growth of market in the Middle East and Africa region during the forecast period.
Blood Glucose Test Strip Packaging Market: Key Players
The leading players that are profiled by MRFR and holding the blood glucose test strip packaging market share on the global sector are CSP Technologies (the U.S), Sanner (the U.S), Multisorb Technologies (the U.S), Impak Corporation (the U.S), Laminated films & Packaging (LF&P), INC (the U.S), Flow Dry TechnologY, INC. (the U.S), LPS Industries, LLC (the U.S), Roche Diagnostics, Abbott Laboratories, Lifescan, Inc. (A Johnson & Johnson Company), I-Sens, Inc., Trividia Health (Previously Known As Nipro Diagnostics, Inc.), Ascensia Diabetes Care Holdings Ag (Previously Known As Bayer Diabetes Care), Apex Biotechnology Corporation, Agamatrix Inc., Taidoc Technology Corporation, Universal Biosensors, Beijing Yicheng Electronic Co., Ltd., Sannuo Biosensor Inc., Shanghai Microsense Tm Inc., Acon Laboratories, Inc., Allmedicus, National Diagnostic Products, Hmd Biomedical, Yuwell-Jiangsu Yuyue Medical Equipment & Supply Co., Ltd., 77 Elektronika Kft., B. Braun Melsungen Ag and others.
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