Middle East And Africa Insulin Patch Pump Market 2023-2030
Market Outlook
Triton Market Research’s report shows that the Middle East and Africa’s insulin patch pump market will progress with a CAGR of 9.09% in the forecast years from 2023 to 2030. Turkey, South Africa, Saudi Arabia, the United Arab Emirates, Egypt, and Rest of Middle East & Africa are analyzed in the market in this region.
According to World Bank data, the diabetes prevalence rate in Saudi Arabia was 18.7% in 2021, in the age group of 20 to 79 years. Diabetes-related healthcare spending is predicted to reach $9041.3 million by 2030, according to the IDF Diabetes’ Atlas 10th edition.
The high incidence of this disease and the rising health consciousness are projected to drive the market expansion in the country over the forecast period. Further, according to the World Bank’s estimates, approximately 3% of the country’s population was aged 65 years and older in 2021. The aging population is at an increased risk of diabetes, resulting in increased demand for insulin delivery systems in the KSA.
In 2021, diabetes prevalence in South Africa was 18.7% among individuals aged 20 to 79 years, according to World Bank data. The high prevalence of diabetes and increased health consciousness are expected to fuel market expansion in the country during the forecast period. The country also has a sizable elderly population. Diabetes becomes more common as people age, resulting in a greater demand for insulin delivery systems. The increased demand for these devices is expected to foster the market’s growth in the years to come.
Competitive Outlook
The distinguished players in the insulin patch pump market comprise Medtrum Technologies Inc, Insulet Corporation, Tandem Diabetes Care Inc, Medtronic Plc, and CeQur SA.
1. Middle East And Africa Insulin Patch Pump Market – Summary
2. Industry Outlook
2.1. Parent Market Analysis
2.2. Impact Analysis On The Insulin Patch Pump Market
2.2.1. Covid-19 Impact
2.2.2. Ukraine-russia War Impact
2.3. Porter’s Five Forces Analysis
2.3.1. Threat Of New Entrants
2.3.2. Threat Of Substitutes
2.3.3. Bargaining Power Of Buyers
2.3.4. Bargaining Power Of Suppliers
2.3.5. Threat Of Competitive Rivalry
2.4. Market Maturity Analysis
2.5. Industry Components
2.5.1. Research And Development
2.5.2. Development Of Product
2.5.3. Distribution
2.6. Key Buying Impact Analysis
2.6.1. Price
2.6.2. Properties Of Product
2.6.3. Purpose
2.7. Key Market Strategies
2.7.1. Collaborations
2.7.2. Product Launches
2.7.3. Mergers & Acquisitions
2.8. Market Drivers
2.8.1. Growing Awareness About Insulin Patch Pumps
2.8.2. Integration Of Advanced Technologies
2.8.3. Rising Prevalence Of Diabetes Around The Globe
2.9. Market Challenges
2.9.1. Risks Related To The Use Of Insulin Pumps
2.9.2. Lack Of Knowledge Pertaining To Usage
2.9.3. Strict Regulations By Government Authorities
2.10. Market Opportunities
2.10.1. Increasing Popularity Of Glucose Monitoring Systems
2.10.2. Use Of Artificial Intelligence & Machine Learning For Manufacturing Of Insulin Pumps
2.10.3. Growing Expenditure On Diabetes Care
2.10.4. Rising Demand For Minimally Invasive Delivery Systems
2.11. Analyst Perspective
3. Middle East And Africa Insulin Patch Pump Market – By Product Type
3.1. Disposable
3.2. Reusable
4. Middle East And Africa Insulin Patch Pump Market – By Disease Indication
4.1. Type 1 Diabetes
4.2. Type 2 Diabetes
5. Middle East And Africa Insulin Patch Pump Market – By Delivery Mode
5.1. Basal
5.2. Bolus
5.3. Basal & Bolus
6. Middle East And Africa Insulin Patch Pump Market – By Distribution Channel
6.1. Online Pharmacies
6.2. Retail Pharmacies
6.3. Hospital Pharmacies
7. Middle East And Africa Insulin Patch Pump Market – Country Outlook
7.1. Country Analysis
7.1.1. United Arab Emirates
7.1.1.1. United Arab Emirates Insulin Patch Pump Market Forecast & Prospects