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 |
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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.