Market Size of Middle East And Africa Diabetes Care Devices Industry
| Study Period | 2018 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 2.43 Billion |
| Market Size (2029) | USD 2.97 Billion |
| CAGR (2024 - 2029) | 4.12 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Middle East And Africa Diabetes Care Devices Market Analysis
The Middle East And Africa Diabetes Care Devices Market size is estimated at USD 2.43 billion in 2024, and is expected to reach USD 2.97 billion by 2029, growing at a CAGR of 4.12% during the forecast period (2024-2029).
The Middle East and African region had 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 corrections throughout the day 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 region.
73 million adults (20-79) are living with diabetes in the IDF MENA Region. This figure is estimated to increase to 95 million by 2030. 48 million adults in the IDF MENA Region are living with Impaired Glucose Tolerance, which places them at increased risk of developing type 2 diabetes. Diabetes is responsible for 796,000 deaths in the IDF MENA Region. USD 33 billion was spent on healthcare for people with diabetes.
Governments in the Middle East have identified the threat of diabetes and started to respond with various policies, initiatives, and programs. Six out of 15 countries in this region still do not have a national operational action policy for diabetes. Many countries still do not have a national strategy to reduce overweight, obesity, and physical inactivity, which are important risk factors for diabetes. Most counties have fully implemented national diabetes treatment guidelines. However, constant measures are being taken to minimize diabetic complications; therefore, owing to the aforesaid factors, the growth of the studied market is anticipated in the Middle East and African region.
Owing to the aforementioned factors the studied market is anticipated to witness growth over the analysis period.
