Market Size of Malaysia Diabetes Care Devices Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 321.71 Million |
| Market Size (2029) | USD 404.76 Million |
| CAGR (2024 - 2029) | 4.70 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Malaysia Diabetes Care Devices Market Analysis
The Malaysia Diabetes Care Devices Market size is estimated at USD 307.27 million in 2023, and is expected to reach USD 386.59 million by 2028, growing at a CAGR of 4.70% during the forecast period (2023-2028).
The Malaysian Ministry of Health announced that the Southeast Asian nation recorded 5,809 new COVID-19 cases in 24 hours, including 5,782 domestically infected and 27 imported ones. This brought the national tally to 2,541,147. About 78.4 percent of the Malaysian population received at least one vaccine against COVID-19, while 75.9 percent were fully vaccinated. Out of every 10 people who died from COVID-19 in Malaysia this year, about four had diabetes; the Health Ministry told Sunday Star. In Malaysia, one in five people lives with diabetes, which reaches about 3.9 million people aged 18 and above.
Young diabetics are on the rise. More younger people are getting diabetes, with patients aged between 18 and 40 doubling over the past 15 years. The rising number of people with diabetes means an increased burden of the disease and its complications: heart disease, stroke, blindness, chronic kidney disease, and lower limb amputation, among others. Most of the coronavirus deaths in Malaysia had underlying comorbidities, with diabetes and hypertension topping the list.
