Blood Glucose Test Strip Packaging Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0193151
  • Format: Electronic (PDF)
  • Number of Pages: 199
  • Author(s): Joshi, Madhavi

Report Overview

The Blood Glucose Test Strip Packaging Market size was estimated at USD 2.8 billion in 2023 and is projected to reach USD 5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.50% during the forecast period (2024-2030).

Blood Glucose Test Strip Packaging Market

(Market Size)
$2.8 billion
$5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 9.50%
2023 Market Size USD 2.8 billion
2030 Market Size USD 5 billion
Key Players Roche, LifeScan, Abbott, Ascensia, Arkray

Market Summary

The Blood Glucose Test Strip Packaging Market is a critical segment within the broader medical device and consumer goods packaging industry, focused on providing secure, functional, and user-friendly packaging solutions for diabetic testing supplies. This market caters primarily to the needs of millions of individuals managing diabetes worldwide, requiring packaging that ensures sterility, protects against moisture and contaminants, and often includes features for easy opening and disposal. The packaging is not merely a container but an integral component that guarantees the efficacy and accuracy of the test strips until point of use. Manufacturers in this space must adhere to stringent international standards and regulations concerning medical devices, which heavily influence material selection, design, and labeling. The evolution of this market is closely tied to technological advancements in diabetes care, including the integration of smart packaging with QR codes and NFC technology for better data tracking and user engagement. Sustainability is also becoming a more prominent concern, driving innovation towards recyclable and reduced-material packaging formats without compromising the critical protective barriers required. The competitive landscape is characterized by the presence of both large multinational corporations and specialized packaging suppliers, all striving to meet the complex demands of medical device companies and end-users.

Key Highlights

A paramount highlight of the Blood Glucose Test Strip Packaging Market is its unwavering focus on patient safety and product integrity. The primary function of the packaging is to create a hermetic seal that shields the highly sensitive enzymatic chemistry of the test strips from environmental factors like humidity, light, and oxygen, which can drastically alter their performance and lead to inaccurate blood glucose readings. This has led to the widespread adoption of high-barrier materials, including specialized foils and plastics, often configured in foil pouches or blister packs. Another significant highlight is the drive towards enhanced user-centric design, particularly for an aging demographic. Features such as large, easy-to-read fonts, braille for the visually impaired, and easy-tear notches are increasingly standard. Furthermore, the market is witnessing a surge in smart and connected packaging solutions. These innovative packages can interact with smartphones and glucose meters to provide tutorials, log usage data, and reorder supplies automatically, thereby improving patient compliance and overall disease management. The regulatory environment remains a key differentiator, with packaging providers needing deep expertise in regionspecific compliance, such as FDA regulations in the United States and CE marking in Europe.

Drivers, Opportunities & Restraints

The growth of the Blood Glucose Test Strip Packaging Market is propelled by several powerful drivers. The most significant is the rising global prevalence of diabetes, fueled by aging populations, sedentary lifestyles, and increasing obesity rates, which expands the consumer base requiring these essential medical supplies. Concurrently, heightened patient awareness regarding the importance of consistent glucose monitoring and the critical role of packaging in maintaining strip efficacy further stimulates market demand. Technological innovation in diabetes management, including the development of new biosensors and integrated digital health platforms, creates a continuous need for advanced, compatible packaging solutions. Significant opportunities lie in the development of sustainable packaging. There is a growing market opening for providers who can engineer eco-friendly materials that meet the same rigorous performance and sterility standards, appealing to environmentally conscious consumers and brands. The expansion into emerging economies with improving healthcare access presents another substantial growth avenue. However, the market faces considerable restraints. The most prominent is the intense cost pressure from healthcare providers and payers seeking to reduce overall treatment expenses, which often translates into demands for lower-priced packaging. The complex and lengthy regulatory approval processes for medical device packaging can also delay product launches and increase development costs, acting as a barrier to entry and innovation.

Concentration Insights

The market concentration for Blood Glucose Test Strip Packaging reveals a landscape with a mix of large, established players and specialized niche suppliers. The industry is somewhat consolidated, with a handful of major global packaging corporations holding significant market share. These leaders, such as Amcor, Sonoco, and Constantia Flexibles, possess extensive resources, global manufacturing footprints, and deep expertise in compliant medical packaging, allowing them to serve large multinational diagnostic companies like Roche, Abbott, and LifeScan. Their strength lies in providing integrated, large-scale solutions and investing in research and development for next-generation materials and smart packaging. Alongside these giants, there exists a segment of smaller, specialized firms that compete by offering high levels of customization, agility, and expertise in specific packaging formats or regional regulatory requirements. These companies often form strategic partnerships with smaller or mid-sized diagnostic device manufacturers. The concentration is also influenced by regional regulatory frameworks, which can favor local suppliers with specific certifications. This structure creates a competitive environment where scale, innovation, and specialization are key to capturing and maintaining market share.

Type Insights

The Blood Glucose Test Strip Packaging Market is segmented by type, primarily distinguished by the format and material used to ensure product protection. Foil pouches represent a dominant and traditional packaging type. These are typically constructed from multi-layer laminates that incorporate aluminum foil, which provides an excellent barrier against moisture, oxygen, and light. They are often designed as single-use pouches containing a specific number of strips, featuring a tear-notch or peelable seal for easy access. Blister packs or clamshells constitute another major type. These provide rigid protection for individual strips or small quantities, often made from forming and lidding films that can also offer high barrier properties. Blister packs are valued for their product visibility and organized presentation, which can be particularly useful for users managing multiple daily tests. Vials and canisters, though less common for modern strips, are still used in certain contexts, offering a reusable container that must itself be kept dry and clean. The choice of packaging type is a critical decision for manufacturers, balancing factors such as barrier performance, cost, user convenience, shelf appeal, and environmental impact.

Application Insights

The application of blood glucose test strip packaging is almost exclusively dedicated to the medical and personal healthcare sector, specifically for the home-use blood glucose monitoring devices utilized by individuals with diabetes. The core application is the protection and preservation of the test strips, which are electrochemical or photochemical sensors that react with a blood sample to produce a glucose reading. Any compromise in packaging integrity can lead to strip degradation and erroneous results, directly impacting patient health decisions. Therefore, the packaging is application-engineered to maintain a constant internal environment from the point of manufacture through the entire supply chain to the end-user's home. Beyond mere containment, the packaging application extends to user interface and compliance. It serves as the primary source of information, displaying crucial details like lot numbers, expiration dates, and usage instructions. For healthcare institutions and clinics, bulk packaging formats are applied to accommodate higher usage volumes while maintaining sterility for individual strips until use. The application is thus a critical link in the chain of trust between the manufacturer, the healthcare provider, and the patient.

Regional Insights

Geographically, the demand for Blood Glucose Test Strip Packaging is strongest in regions with high diabetes prevalence and advanced healthcare systems. North America, particularly the United States, represents a leading market due to its significant diabetic population, high healthcare expenditure, and the presence of major diagnostic companies and packaging suppliers. The regulatory landscape, governed by the FDA, sets a high standard for safety and efficacy that influences packaging development globally. Europe follows as another major region, characterized by stringent CE marking requirements and a strong focus on patient safety and environmental sustainability, which drives innovation in recyclable packaging materials. The Asia-Pacific region is identified as the fastest-growing market, fueled by a massive and increasing diabetic population in countries like India and China, rising health awareness, and improving access to healthcare services and diagnostic tools. Latin America and the Middle East & Africa present emerging opportunities, though growth is often tempered by economic volatility and less developed healthcare infrastructure in certain areas. Each region requires a tailored approach to address its unique regulatory, economic, and consumer preference dynamics.

Company Insights

The competitive landscape of the Blood Glucose Test Strip Packaging Market features a roster of prominent packaging specialists and material science companies. Global leaders like Amcor plc and Sonoco Products Company are key players, leveraging their extensive portfolios in healthcare packaging to provide high-barrier, compliant solutions for major diagnostics firms. Constantia Flexibles Group GmbH is another significant entity known for its expertise in flexible packaging, particularly foil-based laminates for sensitive medical products. Drug Plastics Group and Oliver Healthcare Packaging are recognized for their focus on medical-specific packaging, offering a range of bottles, vials, and custom pouches designed to meet rigorous standards. These companies compete not only on the basis of material innovation and manufacturing reliability but also on value-added services such as regulatory consulting, design engineering, and serialization for track-and-trace capabilities. Their success is often predicated on long-term strategic partnerships with the manufacturers of the test strips themselves, such as Roche Diabetes Care, Abbott, Ascensia Diabetes Care, and LifeScan, understanding their specific product needs and navigating the complex global regulatory environment on their behalf.

Recent Developments

Recent developments in the Blood Glucose Test Strip Packaging Market are heavily focused on innovation driven by sustainability, digital integration, and enhanced user experience. A prominent trend is the investment in and launch of more environmentally responsible packaging solutions. Companies are actively developing and commercializing monomaterial plastic structures and recyclable laminates that eliminate aluminum while attempting to maintain the critical high-barrier properties necessary for strip integrity. The integration of smart technology continues to advance, with more packaging incorporating QR codes, NFC chips, and augmented reality triggers. These features connect users to digital platforms for video tutorials, data logging apps, and direct-to-consumer replenishment services, enhancing patient engagement and adherence. Furthermore, there is a continuous refinement in user-friendly design, particularly focusing on accessibility for the elderly and those with dexterity or visual impairments. This includes innovations in easy-open features, improved tactile indicators, and clearer, larger typography. On the manufacturing front, advancements in automation and quality control, such as vision inspection systems, are being adopted to ensure every package meets the zero-defect standard required for medical devices.

Report Segmentation

This comprehensive market report on the Blood Glucose Test Strip Packaging Market provides a detailed analysis segmented across multiple dimensions to offer a granular view of the industry landscape. The segmentation is primarily based on packaging type, categorizing the market into key formats such as foil pouches, blister packs, and vials/canisters, analyzing the adoption trends, advantages, and market share for each. Further segmentation is conducted by material type, delving into the usage of various plastics, aluminum foil, paper, and emerging sustainable materials, highlighting their barrier properties and cost implications. The report also segments the market by application, distinguishing between packaging designed for individual consumer use and bulk packaging for clinical or institutional settings. A crucial segmentation is by region, providing a focused analysis of North America, Europe, Asia-Pacific, and the rest of the world, examining regional regulatory frameworks, market dynamics, and growth patterns. This multi-faceted segmentation allows stakeholders to identify specific growth pockets, understand competitive intensities in different segments, and make informed strategic decisions regarding investment, product development, and market expansion.

FAQs

What materials are commonly used in blood glucose test strip packaging? High-barrier materials are essential. Common solutions include multi-layer laminates that often incorporate aluminum foil for its superior moisture and oxygen blocking properties. Plastic films like polyester and polyethylene are also used in combination to provide durability and sealability. There is a growing development toward sustainable monomaterial plastics that are recyclable.

How does packaging affect the accuracy of blood glucose test strips? Packaging is critical for accuracy. Test strips contain delicate chemicals that react with blood. If packaging fails to protect against environmental humidity, oxygen, or light, the strips can degrade, leading to incorrect glucose readings that pose serious health risks for users managing diabetes.

What are the key regulations for this type of medical packaging? Packaging must comply with stringent medical device regulations. In the U.S., the FDA regulates it to ensure safety and effectiveness. Globally, standards like ISO 11607 specify requirements for materials, sterile barrier systems, and packaging processes for terminally sterilized medical devices.

Are there sustainable options for test strip packaging? Yes, sustainability is a growing focus. Companies are investing in research to develop recyclable packaging options that use reduced materials or alternative, eco-friendlier polymers while still meeting the rigorous performance and sterility standards required for medical device packaging.

What is the purpose of the desiccant found in the packaging? The small packet commonly found inside is a desiccant. Its sole purpose is to absorb any residual moisture that may be present inside the sealed package after manufacturing or that might permeate over time, thereby ensuring an ultra-dry environment to keep the test strips stable and accurate until use.

How is smart technology being integrated into this packaging? Integration is advancing through features like QR codes and NFC tags. Users can scan these with a smartphone to access instructional videos, connect their data to health apps, track strip usage, and even set up automatic reordering of supplies, improving convenience and diabetes management.

Citius Research has developed a research report titled “Blood Glucose Test Strip Packaging Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Blood Glucose Test Strip Packaging Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Blood Glucose Test Strip Packaging Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Blood Glucose Test Strip Packaging Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Blood Glucose Test Strip Packaging Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Blood Glucose Test Strip Packaging Market
• Research Methodology
• Executive Summary
• Market Dynamics of Blood Glucose Test Strip Packaging Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Blood Glucose Test Strip Packaging Market
• Cost and Gross Margin Analysis of Blood Glucose Test Strip Packaging Market
• Blood Glucose Test Strip Packaging Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Blood Glucose Test Strip Packaging Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Blood Glucose Test Strip Packaging Market Key Stakeholders

Below are the key stakeholders for the Blood Glucose Test Strip Packaging Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Blood Glucose Test Strip Packaging Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Blood Glucose Test Strip Packaging Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Blood Glucose Test Strip Packaging Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Blood Glucose Test Strip Packaging Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Blood Glucose Test Strip Packaging Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Blood Glucose Test Strip Packaging Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Blood Glucose Test Strip Packaging Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Blood Glucose Test Strip Packaging Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Blood Glucose Test Strip Packaging Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Blood Glucose Test Strip Packaging Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Blood Glucose Test Strip Packaging Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Blood Glucose Test Strip Packaging Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Blood Glucose Test Strip Packaging Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Blood Glucose Test Strip Packaging Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Blood Glucose Test Strip Packaging Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Blood Glucose Test Strip Packaging Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Blood Glucose Test Strip Packaging Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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