Market Size of Middle East And Africa Blood Glucose Monitoring Industry
Study Period | 2018 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 4.34 Million |
Market Size (2029) | USD 6.51 Million |
CAGR (2024 - 2029) | > 8.55 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Middle East and Africa Blood Glucose Monitoring Market Analysis
The Middle East And Africa Blood Glucose Monitoring Market size is estimated at USD 4.34 million in 2024, and is expected to reach USD 6.51 million by 2029, growing at a CAGR of greater than 8.55% during the forecast period (2024-2029).
Diabetes and COVID-19 have a significant influence on public health not just overseas but also in the Middle East and Africa. In COVID-19 patients, diabetes has been reported to increase the incidence of both fatal infections and serious infections. Because diabetes is one of the primary health issues that is incredibly prevalent in the Middle East and African countries, the present research focused on understanding the epidemiology of COVID-19 in people with diabetes and the initiatives put in place by the governments to decrease its impact.
There is an increasing incidence of lifestyle diseases, such as diabetes, in developing countries that are increasing the demand for blood glucose monitoring devices. The increased awareness about healthcare facilities and preventive care is also supporting the growth of the market. The number of patients relying on self-monitoring blood glucose (SMBG) has increased. Owing to the high-cost constraints associated with continuous glucose monitoring (CGM), self-monitoring by glucometer is more acceptable in the Middle-East and Africa region. These devices help in the early detection of hypo and hyperglycemia conditions, which tend to drive the market for glucose monitoring.
Middle East and Africa Blood Glucose Monitoring Industry Segmentation
Using a glucose meter to measure the amount of glucose in the blood (glycemia) is known as blood glucose monitoring. A blood glucose test is normally conducted by piercing the skin (often via fingerstick) to extract blood, then putting the blood on a chemically active disposable "test strip," which is particularly significant in the treatment of diabetes. Continuous glucose monitoring (CGM) is the primary alternative. While different manufacturers employ various technologies, the majority of devices monitor an electrical characteristic and utilize this information to calculate the blood glucose level. The Middle East and Africa blood glucose monitoring market is segmented by product type (self-monitoring blood glucose, continuous glucose monitoring), End User (Hospital/clinics and Home/Personal), and geography (Saudi Arabia, Egypt, Oman, South Africa, and the rest of the Middle East and Africa). The report offers the value (in USD) and volume (in units) for the above segments. We will provide a segment-wise breakdown (value and volume) for all the countries covered under the Table of Contents.
Device | |||||
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End User | |
Hospital/Clinics | |
Home/Personal |
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Saudi Arabia | |
Iran | |
Egypt | |
Oman | |
South Africa | |
Rest of Middle-East and Africa |
Middle East And Africa Blood Glucose Monitoring Market Size Summary
The Middle East and Africa blood glucose monitoring market is experiencing significant growth, driven by the rising prevalence of diabetes and lifestyle-related diseases in the region. The increasing awareness of healthcare facilities and preventive care measures is further propelling the demand for blood glucose monitoring devices. Self-monitoring blood glucose (SMBG) devices are particularly popular due to the high costs associated with continuous glucose monitoring (CGM) systems. These devices play a crucial role in the early detection of hypo and hyperglycemia, thereby supporting market expansion. Despite the financial burden of purchasing test strips and devices, government initiatives and public-private partnerships, such as those by Novo Nordisk, are aimed at raising awareness and improving diabetes management in low- and middle-income countries across Africa.
The market landscape is characterized by a high degree of fragmentation, with a mix of global and local manufacturers. Countries like Saudi Arabia and Iran are leading the market due to their high diabetes prevalence rates. The Middle East and Africa region is witnessing a surge in diabetes cases, prompting governments to implement policies and programs to combat the disease. Technological advancements in monitoring devices, along with strategic partnerships, such as the collaboration between Abbott and WW International, are enhancing diabetes management solutions. These efforts, coupled with the increasing diabetic population, are expected to drive the growth of the blood glucose monitoring market in the region over the forecast period.
Middle East And Africa Blood Glucose Monitoring Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Device
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2.1.1 Self-monitoring Blood Glucose
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2.1.1.1 Glucometer Devices
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2.1.1.2 Test Strips
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2.1.1.3 Lancets
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2.1.2 Continuous Glucose Monitoring
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2.1.2.1 Sensors
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2.1.2.2 Durables
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2.2 End User
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2.2.1 Hospital/Clinics
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2.2.2 Home/Personal
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2.3 Geography
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2.3.1 Saudi Arabia
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2.3.2 Iran
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2.3.3 Egypt
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2.3.4 Oman
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2.3.5 South Africa
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2.3.6 Rest of Middle-East and Africa
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Middle East And Africa Blood Glucose Monitoring Market Size FAQs
How big is the Middle East And Africa Blood Glucose Monitoring Market?
The Middle East And Africa Blood Glucose Monitoring Market size is expected to reach USD 4.34 million in 2024 and grow at a CAGR of greater than 8.55% to reach USD 6.51 million by 2029.
What is the current Middle East And Africa Blood Glucose Monitoring Market size?
In 2024, the Middle East And Africa Blood Glucose Monitoring Market size is expected to reach USD 4.34 million.