Blood Glucose Test Strip Packaging Market Size to Reach USD 2.82 Billion in 2032 Growing at a CAGR of 7.6%, According to Latest Analysis by Emergen Research

The global blood glucose test strip packaging market is witnessing significant growth, fueled by rising awareness of diabetes management and an increasing number of diabetes patients worldwide. According to Emergen Research, the market size reached USD 1.39 Billion in 2022 and is projected to experience a robust CAGR of 7.6% during the forecast period.

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Key Market Drivers:

1. Rising Diabetes Prevalence: With an estimated 537 million adults aged between 20 and 79 years living with diabetes globally, the demand for blood glucose test strips is escalating.

2. Growing Awareness of At-Home Diabetes Testing: Governments and healthcare organizations are actively promoting at-home diabetes testing to empower patients and control diabetes effectively.

3. Demand Surge Among Geriatric Population: As the elderly population grows, especially in low- and middle-income countries, there's an increased need for blood glucose test strips to manage diabetic complications.

4. Expansion of At-Home Testing Technologies: FDA approvals for at-home blood glucose meters and continuous glucose monitoring systems, such as the Eversense E3, are driving market growth.

Market Challenges:

1. Lack of Diabetes Awareness in Developing Nations: Limited resources and awareness about diabetes treatment in developing countries hinder market growth.

2. Regulatory Hurdles: Market growth is contingent upon regulatory clearances in various countries, with standards such as ISO 15197:2013 influencing market dynamics.

3. Insurance Coverage Limitations: Inadequate insurance coverage for blood glucose testing strips poses a financial burden on patients and restricts market expansion.

Segment Insights:

1. Blister Packs Dominate Market: Blister packs, serving as protective shields for test strips against environmental factors, held the largest market share in 2022, with expectations of continued growth due to increased shelf life.

2. Moderate Growth for High Barrier Pouches: High barrier pouches, preserving flavors and aromas with tight sealing, are projected to exhibit moderate growth, driven by their ability to prevent contact with oxygen and moisture.
3.
Technology Trends:

1. Glucose Dehydrogenase Leads Market: Integration of glucose dehydrogenases in blood glucose test strips enhances precision and efficiency, contributing to the segment's significant market share.

2. Steady Growth for Glucose Oxidase (GOx): With its fast mechanism of action, high stability, and specificity, GOx is expected to register steady growth, catering to specific biological processes.

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Some major players included in the global blood glucose test strip packaging market report are:

• Abbott
• Hoffmann-La Roche Ltd.
• LifeScan IP Holdings, LLC
• i-SENS, Inc.
• Trividia Health, Inc.
• Ascensia Diabetes Care Holdings AG
• AgaMatrix
• TaiDoc Technology Corporation
• Universal Biosensors
• ACON Laboratories, Inc.
• All Medicus Co., Ltd.
• National Diagnostics
• HMD
• Braun SE
• ARKRAY, Inc.
• Medtronic plc
• ForaCare Inc.
• Nipro Diagnostics, Inc.
• Johnson & Johnson

The global blood glucose test strip packaging market is witnessing dynamic growth driven by increasing diabetes prevalence, technological advancements, and rising demand for at-home testing solutions. However, challenges such as lack of awareness and regulatory hurdles need to be addressed for sustained market expansion.

Blood Glucose Test Strip Packaging Segment Analysis

For the purpose of this report, Emergen Research has segmented the global blood glucose test strip packaging market on the basis of type, technology, distribution channel, end-use, and region:
• Type Outlook (Revenue, USD Billion; 2019-2032)
o Blister Packs
o High Barrier Pouches
o Vials

• Technology Outlook (Revenue, USD Billion; 2019-2032)
o Glucose Dehydrogenase
o Glucose Oxidase

• Distribution Channel Outlook (Revenue, USD Billion; 2019-2032)
o Online
o Offline

• End-Use Outlook (Revenue, USD Billion; 2019-2032)
o Individuals
o Hospitals and Clinics
o Others

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Blood Glucose Test Strip Packaging Latest Industry News
• On 21 February 2023, Oliver Healthcare Packaging announced the construction of a new manufacturing facility in southern state of Johor in Malaysia. The manufacturing plant will produce pouches, lids, CleanCut cards, and roll stock to support increasing need for medical device and pharmaceutical customers in the region.

• On 17 February 2023, Volpak launched Enflex stick-pack tech. The machine will increase production for medical packaging. Under certain performance conditions, the series can create 1,800 stick-packs each minute. It claims to minimize material wrapping utilization by 42% in comparison to competing units on the market and provide customers with a way to save on energy expenditures with its servomotor-based energy recovery technology.

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Russia
8. Rest of Europe
o Asia Pacific
1. China
2. Japan
3. South Korea
4. India
5. ASEAN Countries
6. Oceania
7. Rest of APAC
o Latin America
1. Brazil
2. Mexico
3. Rest of LATAM
o Middle East & Africa
1. GCC Countries
2. Israel
3. Turkey
4. South Africa
5. Rest of Middle East & Africa

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Eric Lee
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Emergen Research
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E-mail: sales@emergenresearch.com
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About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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