Market Size of Egypt Diabetes Care Devices Industry
| Study Period | 2019- 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 396 Million |
| Market Size (2029) | USD 559 Million |
| CAGR (2024 - 2029) | 3.36 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Egypt Diabetes Care Devices Market Analysis
The Egypt Diabetes Care Devices Market size is estimated at USD 396 million in 2024, and is expected to reach USD 559 million by 2029, growing at a CAGR of 3.36% during the forecast period (2024-2029).
The COVID-19 pandemic positively impacted Egypt's diabetes care devices market growth. Patients with diabetes infected with COVID-19 were believed to experience elevated blood glucose, abnormal glucose variability, and diabetic complications. The prevalence of diabetes in people with COVID-19 caused a significant increase in the severity and mortality of COVID-19 in people with either type-1 (T1DM) or type-2 diabetes mellitus (T2DM), especially associated with poor glycemic control. While new-onset hyperglycemia and new-onset diabetes (both T1DM and T2DM) have been increasingly recognized in COVID-19 and associated with worse outcomes. To avoid aggravation, a patient's blood glucose should be monitored and managed regularly, which has underlined the importance of diabetes care devices. The pandemic emergency has created a rise in remote care.
Egypt is the ninth country in terms of Diabetes prevalence worldwide. Currently, as per IDF, about 18.4% of the adult population in Egypt has diabetes. More than 11% of the Egyptian population suffers from diagnosed Type-2 diabetes, according to the Egypt Youth Association for Health Development. 73 million adults (20-79) were likely to live with diabetes in the IDF MENA Region 2021. This figure is estimated to increase to 95 million by 2030.
Egypt has witnessed an alarming increase in the prevalence of diabetes; in recent years, the rate of diabetes is at an all-time high, mainly due to lifestyle changes. Diabetes is associated with many health complications. Patients with diabetes require many daily corrections to maintain nominal blood glucose levels, such as administering additional insulin or ingesting additional carbohydrates by monitoring their blood glucose levels. Diabetes poses an emerging healthcare burden across the country.
Owing to the factors above, the studied market is anticipated to grow over the analysis period.
