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Saudi Arabia Diabetes Care Devices - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2018 - 2029
Market Report I 2024-02-17 I 95 Pages I Mordor Intelligence
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 Market Trends
Monitoring Devices Segment Expected to Register Significant Growth
The monitoring devices segment is expected to register a CAGR of over 11% during the forecast period. The demand from the type-1 diabetes population may mainly drive this growth.
Monitoring devices include self-monitoring blood glucose (SMBG) devices and continuous glucose monitoring (CGM) devices. The SMBG devices segment held a major share of the Saudi Arabia diabetes devices market. The frequency of monitoring glucose levels depends on the type of diabetes. The awareness of self-monitoring glucose levels has increased in Saudi Arabia. The market for monitoring devices is expected to witness high growth, registering a CAGR of over 7% during the forecast period. Type-1 diabetic patients need to check their blood glucose levels at regular intervals to adjust their insulin dosing accordingly. The current CGM devices provide a more accurate depiction of blood glucose patterns and tendencies than is possible with the conventional method of checking glucose levels at predetermined intervals. CGM device usage is a rising trend in Saudi Arabia because of technological advancements like the recently approved non-invasive glucose meter. The Saudi Food and Drug Authority (SFDA) rules the production, importation, marketing, and distribution of medical devices in Saudi Arabia. The SFDA has made various rules and guidance notes available that explain the legislation that applies to the medical device sector.
Thus, the above factors are expected to drive the growth of the market studied over the forecast period.
Saudi Arabia Recorded the Second-largest Diabetes Population in Middle-East and Africa in the Current Year
Diabetes is one of the largest health problems in Saudi Arabia. This country is ranked among the top 10 countries in the world with respect to the prevalence of diabetes. The diabetic population in Saudi Arabia increased from 3.83 million in 2016 to 5.95 million in 2021. This is expected to reach 9.23 million by 2027. Obesity, especially central obesity, increased visceral fat due to physical inactivity, and the consumption of high-calorie,high-fat, and high-sugar foods are the major contributing factors to diabetes. The most prominent work culture perpetuated in the country, which includes sitting for hours in one position and consuming fast food with little to no physical activity, is a significant contributor to diabetes in the working-age group. 13.4% of people aged 15 and older in the Kingdom of Saudi Arabia (KSA) have diabetes mellitus (DM), making it a serious health problem. To address the national concerns of DM, the Saudi National Diabetes Center (SNDC) was recently founded. In order to significantly enhance diabetes treatment in the Saudi population during the ensuing years, SNDC has pioneered a strategic plan for diabetes care in KSA. One of the objectives of the SNDC approach is to create regional DM guidelines and reevaluate them regularly.
Saudi Arabia is aiming to reduce the prevalence of diabetes by 10% over the next decade. Several initiatives, including taxing sugary drinks, focusing on fitness programs, and focusing on preventative care, are being taken by the government to stem this epidemic. The government's focus on combating diabetes and the higher purchasing power of the people in the country may help the market for diabetes monitoring devices during the forecast period.
Saudi Arabia Diabetes Care Devices Industry Overview
The diabetes devices market in Saudi Arabia includes several established global players and local players. The CGM market in Saudi Arabia comprises only a few players that occupy major shares. However, in the SMBG market, the number of players is high and includes several local players.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Drivers
4.3 Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Monitoring Devices
5.1.1 Self-Monitoring Blood Glucose Devices
5.1.1.1 Glucometer Devices
5.1.1.2 Blood Glucose Test Strips
5.1.1.3 Lancets
5.1.2 Continuous Glucose Monitoring Devices
5.1.2.1 Sensors
5.1.2.2 Durables (Receivers and Transmitters)
5.2 Management Devices
5.2.1 Insulin Delivery Devices
5.2.1.1 Insulin Pump Devices
5.2.1.1.1 Insulin Pump Monitors
5.2.1.1.2 Insulin Pump Reserviors
5.2.1.1.3 Insulin Infusion Sets
5.2.1.2 Insulin Syringes
5.2.1.3 Insulin Disposable Pens
5.2.1.4 Insulin Cartridges in Reusable Pens
5.2.1.5 Jet Injectors
6 MARKET INDICATORS
6.1 Type - 1 Diabetes Population
6.2 Type - 2 Diabetes Population
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Abbott Diabetes Care
7.1.2 F. Hoffmann-La Roche Ltd.
7.1.3 Johnson & Johnson (LifeScan)
7.1.4 Arkray
7.1.5 Ascensia Diabetes Care
7.1.6 Sanofi
7.1.7 Dexcom Inc.
7.1.8 Medtronic
7.1.9 Novo Nordisk AS
7.1.10 Becton Dickinson
7.1.11 Eli Lilly
7.1.12 Ypsomed Holding AG
7.1.13 Terumo
7.2 Company Share Analysis
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