Middle East & Africa Glucose Monitoring Devices Market Forecast to 2030 - Regional Analysis - By Type (Continuous Glucose Monitoring Devices and Self-Glucose Monitoring Devices), Application (Type 1 Diabetes and Type 2 Diabetes), Testing Type (Fingertip Testing and Alternate Site Testing), and End User (Healthcare Settings and Self/Homecare)
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 OverviewThe 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 SegmentationThe 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 int o 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.
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