Market Size of Saudi Arabia Self-Monitoring Blood Glucose Devices Industry
| Study Period | 2018 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 117 Million |
| Market Size (2029) | USD 162 Million |
| CAGR (2024 - 2029) | 6.42 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Saudi Arabia Self-Monitoring Blood Glucose Devices Market Analysis
The Saudi Arabia Self-Monitoring Blood Glucose Devices Market size is estimated at USD 117 million in 2024, and is expected to reach USD 162 million by 2029, growing at a CAGR of 6.42% during the forecast period (2024-2029).
Blood glucose monitoring increases patients' awareness of glucose values, which supports healthy lifestyle choices. Blood glucose monitoring values provide feedback and guidance on how to make health behavior changes when needed.
Continued elevation in blood glucose levels in diabetes patients can contribute to progressive complications such as renal, nerve, and ocular damage. Appropriate and timely monitoring of blood glucose allows the successful management of out-of-range blood glucose levels, minimizing diabetic-related health complications.
Innovative technologies, such as digital health apps that display and summarize individual blood glucose measurements and additional relevant data such as insulin doses, meals, and physical activity, can further support self-management while decreasing disease burden and benefiting overall diabetes care. Integration of blood glucose monitoring with insulin calculators, automated insulin titration software, and remote coaching are further developments that provide patients with poorly controlled diabetes with the additional support needed to improve critical outcomes, thereby enhancing market prospects in the years to come.
The World Health Assembly Resolution 2022 recommended the integration of prevention and treatment of diabetes into primary health services, the development of pathways for a substantial increase in access to insulin, the promotion of convergence and harmonization of regulatory requirements for diabetes medicines and technologies, and improved diabetes monitoring and surveillance.
Furthermore, it involves the WHO advising the Member States to ensure the uninterrupted treatment of people living with diabetes in humanitarian emergencies. This important milestone provides a global mandate for diabetes efforts for the next decade. Such initiatives are expected to create awareness among the public regarding the monitoring and control of diabetes, thereby enhancing market prospects in the years to come.
Saudi Arabia Self-Monitoring Blood Glucose Devices Industry Segmentation
Self-monitoring of blood glucose is an approach used by diabetic patients to measure their blood sugar level themselves using a glucometer, test strips, and lancets. Based on the readings, patients can adjust or check the effect of their treatment. The Saudi Arabia self-monitoring blood glucose device market is segmented by components. The report offers the value (in USD) and volume (in units) for the above segments.
| Component | |
| Glucometer Devices | |
| Test Strips | |
| Lancets |
Saudi Arabia Self-Monitoring Blood Glucose Devices Market Size Summary
The Saudi Arabia self-monitoring blood glucose devices market is poised for significant growth, driven by the increasing prevalence of diabetes and the rising awareness of the importance of blood glucose monitoring. As diabetes rates continue to climb, with a substantial portion of the population affected, the demand for effective self-monitoring solutions is expected to rise. Innovative technologies, such as digital health apps and integrated monitoring systems, are enhancing the self-management capabilities of patients, thereby improving health outcomes and reducing the burden of diabetes. These advancements are supported by global health initiatives and local government efforts aimed at increasing access to diabetes care and promoting preventive measures.
The market is characterized by a moderate level of fragmentation, with key players like Abbott, LifeScan, and Roche Diabetes Care holding significant shares. The glucometers segment is anticipated to experience the highest growth rate, fueled by the growing preference for home-based self-monitoring and recent product innovations. Government initiatives, such as taxing sugary drinks and promoting fitness programs, are also contributing to the market's expansion by addressing the root causes of diabetes. As the healthcare landscape in Saudi Arabia evolves, with a focus on digital healthcare and insurance coverage, the self-monitoring blood glucose devices market is expected to see continued growth and development over the forecast period.
Saudi Arabia Self-Monitoring Blood Glucose Devices 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 Component
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2.1.1 Glucometer Devices
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2.1.2 Test Strips
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2.1.3 Lancets
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Saudi Arabia Self-Monitoring Blood Glucose Devices Market Size FAQs
How big is the Saudi Arabia Self-Monitoring Blood Glucose Devices Market?
The Saudi Arabia Self-Monitoring Blood Glucose Devices Market size is expected to reach USD 117 million in 2024 and grow at a CAGR of 6.42% to reach USD 162 million by 2029.
What is the current Saudi Arabia Self-Monitoring Blood Glucose Devices Market size?
In 2024, the Saudi Arabia Self-Monitoring Blood Glucose Devices Market size is expected to reach USD 117 million.
