Market Size of Saudi Arabia Diabetes Care Devices Industry
Study Period | 2018 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 665.10 Million |
Market Size (2029) | USD 822.12 Million |
CAGR (2024 - 2029) | 4.33 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Saudi Arabia Diabetes Care Devices Market Analysis
The Saudi Arabia Diabetes Care Devices Market size is estimated at USD 665.10 million in 2024, and is expected to reach USD 822.12 million by 2029, growing at a CAGR of 4.33% during the forecast period (2024-2029).
In Riyadh, hospitalized COVID-19 patients had a significant frequency of diabetes mellitus. Even though people with diabetes have a higher mortality rate than people without the disease, other factors, including advanced age, congestive heart failure, smoking, use of -blockers, the presence of bilateral lung infiltrates, elevated creatinine, and severe vitamin D deficiency, seem to be more significant predictors of fatal outcomes. Patients who have immediate metabolic dysfunctions upon arrival, such as hyperglycemia, are more likely to need intensive care.
The Saudi Arabian Ministry of Health decided to impose the lockdown approach in March 2020 to control the spread of COVID-19. This lockdown had a major negative impact on children with Type-1 diabetes mellitus and has increased the occurrence of severe diabetes-related diseases, even in children with new-onset Type-1 diabetes mellitus. According to a study in Saudi Arabia, compliance with diabetes medication significantly increased during the lockdown, as the percentage of children who did not miss a dose of medications increased to 92.7%, compared to 70.7% before the lockdown.
Diabetes care devices are devices used to monitor glucose levels in the blood. The main types of diabetes care devices include glucose monitoring devices and management devices. Continuous glucose monitoring devices have become immensely popular due to the rise in technological innovations.
Saudi Arabia Diabetes Care Devices Industry Segmentation
Blood glucose monitors, continuous glucose monitors, insulin pumps, smart insulin pens, and diabetes management software are some of the several types of equipment that may track diabetic symptoms. Devices for measuring glucose enhance patients' health by helping to maintain and manage their blood sugar levels. The Saudi Arabian diabetes care devices market is segmented into monitoring devices (self-monitoring blood glucose devices and continuous glucose monitoring devices) and management devices (insulin delivery devices, insulin syringes, disposable insulin pens, insulin cartridges in reusable pens, and jet injectors). The report offers market sizes and forecasts for value (USD million) and volume (in units) for the above segments.
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Saudi Arabia Diabetes Care Devices Market Size Summary
The Saudi Arabia diabetes care devices market is poised for significant growth, driven by the increasing prevalence of diabetes and the rising demand for advanced monitoring technologies. The market is characterized by a diverse range of devices, including self-monitoring blood glucose (SMBG) and continuous glucose monitoring (CGM) systems, with the latter gaining traction due to technological innovations. The Saudi government's proactive measures, such as the establishment of the Saudi National Diabetes Center and initiatives aimed at reducing diabetes prevalence, are expected to further bolster market expansion. The focus on preventative care and lifestyle modifications, alongside the higher purchasing power of the population, is likely to enhance the adoption of diabetes care devices across the country.
The market landscape is competitive, with both global and local players contributing to the supply of diabetes care devices. The Saudi Food and Drug Authority (SFDA) plays a crucial role in regulating the production and distribution of these medical devices, ensuring compliance with national standards. The government's Vision 2030 initiative, which includes substantial investments in healthcare infrastructure and the privatization of health services, is set to transform the healthcare sector, potentially increasing the market share of diabetes care devices. As the demand for effective diabetes management solutions continues to rise, the market is expected to witness robust growth, supported by strategic partnerships and technological advancements in diabetes care.
Saudi Arabia Diabetes Care 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 Drivers
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1.3 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 Monitoring Devices
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2.1.1 Self-Monitoring Blood Glucose Devices
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2.1.1.1 Glucometer Devices
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2.1.1.2 Blood Glucose Test Strips
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2.1.1.3 Lancets
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2.1.2 Continuous Glucose Monitoring Devices
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2.1.2.1 Sensors
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2.1.2.2 Durables (Receivers and Transmitters)
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2.2 Management Devices
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2.2.1 Insulin Delivery Devices
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2.2.1.1 Insulin Pump Devices
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2.2.1.1.1 Insulin Pump Monitors
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2.2.1.1.2 Insulin Pump Reserviors
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2.2.1.1.3 Insulin Infusion Sets
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2.2.1.2 Insulin Syringes
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2.2.1.3 Insulin Disposable Pens
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2.2.1.4 Insulin Cartridges in Reusable Pens
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2.2.1.5 Jet Injectors
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Saudi Arabia Diabetes Care Devices Market Size FAQs
How big is the Saudi Arabia Diabetes Care Devices Market?
The Saudi Arabia Diabetes Care Devices Market size is expected to reach USD 665.10 million in 2024 and grow at a CAGR of 4.33% to reach USD 822.12 million by 2029.
What is the current Saudi Arabia Diabetes Care Devices Market size?
In 2024, the Saudi Arabia Diabetes Care Devices Market size is expected to reach USD 665.10 million.