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South Africa Blood Glucose Monitoring Market Size (2024 - 2029)

The South Africa Blood Glucose Monitoring Market is anticipated to experience growth due to the increased demand for devices that help manage diabetes, particularly following the challenges posed by the COVID-19 pandemic. The pandemic highlighted the importance of regular blood glucose monitoring, as disruptions in care and lifestyle changes exacerbated diabetes management issues. Organizations in South Africa are advocating for enhanced funding and better coordination for diabetes care, emphasizing the critical role of blood glucose monitoring in both pharmacologic and non-pharmacologic diabetes management strategies.

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Market Size of South Africa Blood Glucose Monitoring Industry

South Africa Blood Glucose Monitoring Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR (2024 - 2029) 7.00 %

Major Players

South Africa Blood Glucose Monitoring Market Major Players

*Disclaimer: Major Players sorted in no particular order

South Africa Blood Glucose Monitoring Market Analysis

The South Africa Blood Glucose Monitoring Market is expected to register a CAGR of 7% during the forecast period(2024-2029).

Diabetes mellitus had a considerable impact on COVID-19-affected people and society due to the high costs associated with its care, and the complications that arose from it. Diabetes mellitus imposed a greater risk of extended hospital stay and death. In addition to the direct effects on health, the absence of regular care due to the closure of outpatient clinics and social isolation with changes in diet, physical activity, and personal care favored the deterioration of disease control and hampered the detection of complications. As a result, the demand for blood glucose monitoring devices to monitor and maintain optimum blood glucose levels increased during the pandemic.

The measurement of blood glucose is necessary to keep the blood glucose levels within a specified target range. Blood glucose monitoring helps understand the effectiveness of blood glucose metabolism and guides in achieving optimal glucose control within the body. Self-blood glucose monitoring allows a patient to check their blood glucose levels as often as they need to or as recommended by their doctor. Over time the readings provide the patient and their health professionals with the information required to determine the best management strategy for diabetes.

Diabetes South Africa, Society for Endocrinology, Metabolism and Diabetes of South Africa, and Youth with Diabetes are the various organizations in South Africa working towards helping diabetes patients. The organizations are promoting the allocation of an increased budget dedicated to funding all aspects of diabetes care and providing a system for better coordination with the Council of Medical Schemes, the organization in charge of reimbursement, to limit out-of-pocket payments and prevent increased expenditure for patients. Pharmacologic therapy such as oral medicines and insulin, as well as non-pharmacologic therapies such as lifestyle changes, are modern approaches for diabetes management. These therapies are only possible through proper blood glucose monitoring and self-care.

South Africa Blood Glucose Monitoring Industry Segmentation

Blood glucose monitoring devices are used for measuring the concentration of glucose in the blood for effective diabetes management. The South Africa Blood Glucose Monitoring Market is segmented into Type (Self-monitoring Blood Glucose Devices and Continuous Glucose Monitoring Devices) and Component (Glucometer Devices, Test Strips, Lancets, Sensors, and Durables). The report offers the value (in USD million) and volume (in Units million) for the above segments.

Self-monitoring blood glucose devices (Value and Volume, 2017 - 2027)
Glucometer Devices
Test Strips
Lancets
Continuous blood glucose monitoring devices (Value and Volume, 2017 - 2027)
Sensors
Durables (Receivers and Transmitters)
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South Africa Blood Glucose Monitoring Market Size Summary

The South Africa Blood Glucose Monitoring Market is poised for significant growth, driven by the increasing prevalence of diabetes and the rising demand for effective monitoring solutions. The market is characterized by a moderate level of fragmentation, with key players such as Medtronic, Abbott, and Roche leading the charge. The adoption of advanced technologies, such as Continuous Glucose Monitoring (CGM) systems, is expected to propel market expansion. These systems offer real-time glucose tracking, enhancing diabetes management and potentially reducing hospitalizations due to acute diabetes events. The market's growth is further supported by initiatives from organizations like Diabetes South Africa and government measures such as the sugar tax, aimed at promoting healthier lifestyles and reducing obesity-related diabetes cases.

The South African diabetes landscape is marked by a high prevalence rate, with a significant portion of the adult population affected. This has led to increased healthcare expenditure and a pressing need for effective diabetes management strategies. The market is witnessing a shift towards more sophisticated monitoring devices that facilitate self-care and informed decision-making. The integration of pharmacologic and non-pharmacologic therapies, alongside regular monitoring, is crucial for optimal diabetes management. The government's Diabetes Prevention Programme and various health policies are instrumental in addressing the diabetes epidemic, aiming to improve patient outcomes and reduce the economic burden of the disease. As the market evolves, the focus on technological innovation and comprehensive care strategies is expected to drive sustained growth in the coming years.

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South Africa Blood Glucose Monitoring Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Drivers

    3. 1.3 Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Self-monitoring blood glucose devices (Value and Volume, 2017 - 2027)

      1. 2.1.1 Glucometer Devices

      2. 2.1.2 Test Strips

      3. 2.1.3 Lancets

    2. 2.2 Continuous blood glucose monitoring devices (Value and Volume, 2017 - 2027)

      1. 2.2.1 Sensors

      2. 2.2.2 Durables (Receivers and Transmitters)

South Africa Blood Glucose Monitoring Market Size FAQs

The South Africa Blood Glucose Monitoring Market is projected to register a CAGR of 7% during the forecast period (2024-2029)

Roche, Abbott, Ascensia, Medtronic and Dexcom are the major companies operating in the South Africa Blood Glucose Monitoring Market.

South Africa Blood Glucose Monitoring Market Report Snapshots

South Africa Blood Glucose Monitoring Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)