Middle East & Africa Glucose Monitoring Devices Market
The Middle East & Africa glucose monitoring devices market is expected to grow from US$ 935.02 million in 2022 to US$ 1,736.39 million by 2030. It is estimated to grow at a CAGR of 8.0% from 2022 to 2030.
Rising Incidence of Diabetes Fuel Middle East & Africa Glucose Monitoring Devices Market
Diabetes is a life-threatening chronic disease with no specialized cure. It is mainly caused by the body’s inability to produce or effectively utilize the hormone insulin. This inability prevents the body from adequately regulating blood glucose levels. There are two types of diabetes—diabetes type-I (also known as diabetes insipidus) and diabetes type-II (also termed diabetes mellitus). The incidence and prevalence of diabetes are steadily increasing across the world. Type 2 diabetes is the most prevalent form of diabetes and has increased alongside cultural and societal changes. In high-income countries, up to 91% of adults with the disease have type 2 diabetes. According to International Diabetes Federation (IDF), approximately 537 million people were living with diabetes in 2021 and is expected to reach 738 million by 2045 globally.
Middle East & Africa Glucose Monitoring Devices Market Overview
The Middle East & Africa Middle East & Africa Glucose Monitoring Devices Market has been segmented into the Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. The market growth in Saudi Arabia is high attributed to the big pool of diabetic population in the country. South Africa holds second largest share in terms of continuous glucose monitoring owing to high prevalence of diabetes in the country. The aforementioned factors are responsible for influential growth of Middle East & Africa Glucose Monitoring Devices Market in the Middle East & Africa region.
Middle East & Africa Glucose Monitoring Devices Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Glucose Monitoring Devices Market Segmentation
The Middle East & Africa glucose monitoring devices market is segmented into type, application, testing site, end- user, and country.
Based on type, the Middle East & Africa glucose monitoring devices market is segmented into continuous glucose monitoring devices and self-glucose monitoring devices. The self-glucose monitoring devices segment held a larger share of the Middle East & Africa glucose monitoring devices market in 2022.
Based on application, the Middle East & Africa glucose monitoring devices market is segmented into type 1 diabetes and type 2 diabetes. The type 2 diabetes segment held a larger share of the Middle East & Africa glucose monitoring devices market in 2022.
Based on testing site, the Middle East & Africa glucose monitoring devices market is segmented into fingertip testing and alternate site testing. The fingertip testing segment held a larger share of the Middle East & Africa glucose monitoring devices market in 2022.
Based on end user, the Middle East & Africa glucose monitoring devices market is segmented into healthcare setting and self/homecare. The self/homecare segment held a larger share of the Middle East & Africa glucose monitoring devices market in 2022.
Based on country, the Middle East & Africa glucose monitoring devices market is segmented into the Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa glucose monitoring devices market in 2022.
B. Braun SE, F. Hoffmann-La Roche Ltd, Medtronic Plc, Abbott Laboratories, Ypsomed Holding AG, Nipro Corp, GE HealthCare Technologies Inc, and Terumo Corp are some of the leading companies operating in the Middle East & Africa glucose monitoring devices market.
Strategic insights for the Middle East & Africa Glucose Monitoring Devices provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 935.02 Million |
| Market Size by 2030 | US$ 1,736.39 Million |
| Global CAGR (2022 - 2030) | 8.0% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East & Africa Glucose Monitoring Devices refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Middle East & Africa Glucose Monitoring Devices Market is valued at US$ 935.02 Million in 2022, it is projected to reach US$ 1,736.39 Million by 2030.
As per our report Middle East & Africa Glucose Monitoring Devices Market, the market size is valued at US$ 935.02 Million in 2022, projecting it to reach US$ 1,736.39 Million by 2030. This translates to a CAGR of approximately 8.0% during the forecast period.
The Middle East & Africa Glucose Monitoring Devices Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Glucose Monitoring Devices Market report:
The Middle East & Africa Glucose Monitoring Devices Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Glucose Monitoring Devices Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Glucose Monitoring Devices Market value chain can benefit from the information contained in a comprehensive market report.
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