Americas Blood Glucose Test Strip Packaging Market Leading Players CSP Technologies (U.S), Sanner (U.S), Multisorb Technologies (U.S), Impak Cororation (U.S), Laminatedfilms & Packaging (LF&P)

Market Scenario:

Blood glucose test strip packaging is the process of enclosing test strips in vials and high barrier pouches to protect them from environmental factors such as moisture, bacterial contamination, and other gases. The report provides in depth analysis of various types of packaging materials used for blood glucose test strip packaging.

The major factors contributing to the market growth are; increasing adoption of flexible packaging solutions, rising diabetic population & adoption of self-blood glucose testing, vital role of packaging in maintaining test strips efficiency and technological advancements.

Americas Blood Glucose Test Strip Packaging Market Information by Types (vials, high barrier pouches & the blister packs) - Forecast to 2027

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Segments:

Americas Blood Glucose Test Strip Packaging market has been segmented on the basis of types and which majorly include vials and high barrier pouches & the blister packs

Regional Analysis of Blood Glucose Test Strip Packaging Market:

Globally North America is the largest market for Blood Glucose Test Strip Packaging, large share of this market is attributed to growing prevalence of diabetes and obesity. The U.S market for Blood Glucose Test Strip Packaging is expected to grow at high CAGR through the forecasted period. Canada market for Blood Glucose Test Strip Packaging also expected to grow at moderate CAGR.

Key Players for Blood Glucose Test Strip Packaging Market:

CSP Technologies (U.S)
Sanner (U.S)
Multisorb Technologies (U.S)
Impak Cororation (U.S)
Laminatedfilms & Packaging (LF&P) INC (U.S)
Flow Dry TechnologY INC. (U.S)
LPS Industries LLC (U.S)
Others

The Americas blood glucose test strip packaging market is currently dominated by various players. Due to rising prevalence of diabetes various existing and new marketers are continuously coming up with advanced technologies to control various chronic diseases. The Americas blood glucose test strip packaging market is currently dominated by numerous players.

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Notably, rising prevalence of diabetes is the primary driver for Americas blood glucose test strip packaging market. Epidemic of obesity, socioeconomic transitions, nutrition transitions, and rapid urbanization are promoting the rising prevalence of most of the diseases. According to WHO, global prevalence of diabetes has risen from 4.7% to 8.5% in 2014. It is also estimated that around 1.6 million deaths have been occurred in 2015 due to diabetes worldwide. The rising prevalence of diabetes in low and middle-income countries appears to be fuelled by nutrition transition, rapid urbanization, and increasingly sedentary lifestyles, suggested by a study published in Pharmacoeconomics in 2015.

Other push factors such as, rising technological advancements, increasing adoption of flexible packaging solutions, increasing awareness among the people, vital role of packaging in maintaining test strips efficiency, rising healthcare expenditure, changing reimbursement policies, and growing geriatric population are also fuelling the growth of the market. Centers for Disease Control and Prevention (CDC) suggested that the Per capita national health expenditures in 2015 was amounted to be USD 9,990 and total national health expenditure was USD 3.2 trillion. It is also reported that out of total national health expenditures in the US, prescription drugs 10.1% share. According to the American Diabetes Association, nearly 30 million Americans are dealing with diabetes and every 21 seconds one person is diagnosed with diabetes.

Despite these drivers, high cost associated with blood glucose test strip packaging, and presence of other successful alternatives are expected to hinder the growth of the blood glucose test strip packaging market.

Brief Toc:

1. Executive Summary
2. Research Methodology
3. Market Dynamics
4. Global Market, By Packaging Type
5. Global Market, By Technology
6. Global Market, By Application
7. Global Market, By End-user
8. Regional Market Analysis
9. Competitive Analysis
10. Conclusion
11. List Of Tables
12. List Of Figures

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