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Malaysia Diabetes Care Devices Market Size (2024 - 2029)

The Malaysia Diabetes Care Devices Market is projected to experience growth over the forecast period, driven by an increasing prevalence of diabetes among the population. The market's expansion is influenced by the rising number of younger individuals diagnosed with diabetes, which has doubled in the past 15 years. This growing demographic, along with the complications associated with diabetes, such as heart disease and chronic kidney issues, underscores the need for effective diabetes care devices. The market's development is further shaped by the health challenges posed by the COVID-19 pandemic, particularly its impact on individuals with underlying conditions like diabetes.

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Market Size of Malaysia Diabetes Care Devices Industry

Malaysia Diabetes Care Devices Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 321.71 Million
Market Size (2029) USD 404.76 Million
CAGR (2024 - 2029) 4.70 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

Malaysia Diabetes Care Devices Market Analysis

The Malaysia Diabetes Care Devices Market size is estimated at USD 321.71 million in 2024, and is expected to reach USD 404.76 million by 2029, growing at a CAGR of 4.70% during the forecast period (2024-2029).

The Malaysian Ministry of Health announced that the Southeast Asian nation recorded 5,809 new COVID-19 cases in 24 hours, including 5,782 domestically infected and 27 imported ones. This brought the national tally to 2,541,147. About 78.4 percent of the Malaysian population received at least one vaccine against COVID-19, while 75.9 percent were fully vaccinated. Out of every 10 people who died from COVID-19 in Malaysia this year, about four had diabetes; the Health Ministry told Sunday Star. In Malaysia, one in five people lives with diabetes, which reaches about 3.9 million people aged 18 and above.

Young diabetics are on the rise. More younger people are getting diabetes, with patients aged between 18 and 40 doubling over the past 15 years. The rising number of people with diabetes means an increased burden of the disease and its complications: heart disease, stroke, blindness, chronic kidney disease, and lower limb amputation, among others. Most of the coronavirus deaths in Malaysia had underlying comorbidities, with diabetes and hypertension topping the list.

Malaysia Diabetes Care Devices Industry Segmentation

There are two primary categories of devices used to measure blood glucose levels. The first type is comprised of blood glucose meters, which require a small sample of blood to determine your current levels. On the other hand, continuous glucose monitors (CGMs) are capable of regularly monitoring your blood glucose throughout the day and night. The Malaysia Diabetes Care Devices Market is segmented into devices. The report offers the market size in value terms in USD and Volume terms in Units for all the abovementioned segments.

Monitoring Devices
Self-monitoring Blood Glucose Devices
Glucometer Devices
Test Strips
Lancets
Continuous Blood Glucose Monitoring
Sensors
Durables
Management Devices
Insulin Pump
Insulin Pump Device
Insulin Pump Reservoir
Infusion Set
Insulin Syringes
Insulin Cartridges
Disposable Pens
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Malaysia Diabetes Care Devices Market Size Summary

The Malaysia Diabetes Care Devices Market is poised for steady growth over the forecast period, driven by an increasing prevalence of diabetes and related health complications. The country faces a significant diabetes burden, with a substantial portion of the population affected, particularly among younger individuals. This rise in diabetes cases is attributed to factors such as urbanization, obesity, and sedentary lifestyles, which are prevalent in the Malaysian population. Government initiatives and community programs are being implemented to enhance diabetes awareness, prevention, and control, aiming to reduce the disease's prevalence and improve health outcomes. The market is also witnessing advancements in diabetes care technologies, including continuous glucose monitoring and insulin delivery systems, which are expected to contribute to its expansion.

The market landscape is characterized by strategic collaborations and acquisitions among key players, such as Medtronic, Roche, NovoNordisk, Abbott, and Dexcom, which are enhancing their product offerings and market reach. These companies are focusing on innovative solutions, such as wearable health monitors and automated insulin delivery systems, to cater to the diverse needs of individuals living with diabetes. The introduction of new devices and technologies is anticipated to drive market growth, as they offer improved management and monitoring capabilities for diabetes patients. As the Malaysian government continues to support diabetes care initiatives, the market is expected to experience gradual expansion, aligning with the country's healthcare goals and the growing demand for effective diabetes management solutions.

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Malaysia Diabetes Care Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Monitoring Devices

      1. 2.1.1 Self-monitoring Blood Glucose Devices

        1. 2.1.1.1 Glucometer Devices

        2. 2.1.1.2 Test Strips

        3. 2.1.1.3 Lancets

      2. 2.1.2 Continuous Blood Glucose Monitoring

        1. 2.1.2.1 Sensors

        2. 2.1.2.2 Durables

    2. 2.2 Management Devices

      1. 2.2.1 Insulin Pump

        1. 2.2.1.1 Insulin Pump Device

        2. 2.2.1.2 Insulin Pump Reservoir

        3. 2.2.1.3 Infusion Set

      2. 2.2.2 Insulin Syringes

      3. 2.2.3 Insulin Cartridges

      4. 2.2.4 Disposable Pens

Malaysia Diabetes Care Devices Market Size FAQs

The Malaysia Diabetes Care Devices Market size is expected to reach USD 321.71 million in 2024 and grow at a CAGR of 4.70% to reach USD 404.76 million by 2029.

In 2024, the Malaysia Diabetes Care Devices Market size is expected to reach USD 321.71 million.

Malaysia Diabetes Care Devices Market Report Snapshots

MALAYSIA DIABETES CARE DEVICES MARKET Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)