Saudi Arabia Glucometers Market to Grow with an Impressive CAGR until 2026
High cost constraints
associated with glucometers is driving the growth of Saudi Arabia Glucometers
Market, in the forecast period.
According to TechSci report on, “Saudi
Arabia Glucometers
Market
By Product Type (Self Glucose Monitoring Glucometers v/s Continuous Glucose
Monitoring Glucometers) By Technique (Invasive v/s Non-Invasive) By Type
(Wearable v/s Non-Wearable) By Distribution Channel (Hospital Pharmacies,
Retail Outlet, Online, Others) By End User (Hospitals & Clinics, Diagnostic
Centers, Home Care, Others) By Region, Competition Forecast &
Opportunities, 2026”, Saudi Arabia glucometer market is expected to expand its market share in the
upcoming five years, on the account of rising prevalence of diabetes among the
geriatric population of the country. Moreover, the population is more aware
about the availability of the glucometer to monitor their blood glucose level
and keep a complete check over the records such that patients are able to
contact their doctors and consult them in case of any serious event. These
factors are driving the growth of the Saudi Arabia glucometers market in the
upcoming five years, until 2026.
Glucometers are
the blood sugar monitoring devices that helps the patient in keeping check over
blood glucose level and makes the intended balance between fooding and
exercising. The device keeps a track of all the schedules regarding eating and
medicinal dosage, diet and exercises. The glucometers are widely available
through online distribution channel and pharmacy stores. The device is often consisting
of a lancet that pricks the finger and draws blood, this blood is added onto
the strip which is then connected to the detector or the smart phones that
supports the application that records the blood sugar level. The device is used
in hospitals and at home by the patents personally.
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The
Saudi Arabia glucometers market is segmented by product type,
type, technique, distribution channel, end user, regional distribution, and
competitional landscape. Based on type the market is further fragmented into
wearable and non-wearable glucometers.
Wearable
glucometer is anticipated to register the fastest growth in the market owing to
the surge in demand of the product and by the rising number of the diabetic
patients that demand better devices and technologically advanced options for
their regular blood sugar monitor. Non-wearable glucometers are expected to
hold the significant share of the market owing to their ease of availability
and smartphone compatibility there by supporting the growth of the market in
the upcoming five years.
Diabetes is a
chronic condition that arises due to irregular blood sugar levels in the body.
The treatment often involves insulin hormone treatment that regulates the sugar
level in the human body. Glucometers are used to consistently monitor the blood
sugar level on daily, weekly, or continuous period. There are various types of
devices available in the market that vary in sizes, prices, length of testing
time, ease of accessibility.
In March 2020,
the country was affected by the widespread of COVID-19 like the whole world.
The economies were affected and the whole world observed a complete lockdown.
This affected the market although the healthcare industry was functional as per
requirement. Due to the increased number of COVID positive patients, general
patients were not able to obtain the due treatments. This fact multiplied the
sales of self-monitoring devices many folds. Thus, it can be considered as one
of the major factors that boosted the growth of Saudi Arabia glucometers market
in the next five years.
Some
of the top players in the Saudi Arabia Glucometers market are, Abbott Saudi
Arabia, Roche Diagnostics Saudi Arabia LLC, Batterjee National Pharmaceutical
(Contour-Ascensia), VitalAire Saudi Arabia, Zimmo Trading Co. Ltd. (Omron
Healthcare), Platinum Equity (LifeScan), Johnson & Johnson Medical Saudi
Arabia Limited, Dexcom Saudi Arabia, Medtronic Saudi Arabia, Sanofi Aventis
Arabia Co. Ltd., among others. The companies are involving themselves into
research and development for the methods of better quality, to provide better
products.
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“Kingdom of Saudi Arabia supports a large population with disposable
incomes. The increased concerns over the deteriorating lifestyle and thus
caused diabetes and the related problem is driving the market growth. Moreover,
the technologically advanced products can be seen as the future of the glucose
monitoring devices. The devices with the smartphone compatibility are a major
reason behind the surge in the demand. New players may form a partnership or
work on the development of well researched and technologically advanced medical
devices that will be cost effective as well as efficient with added functions,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Saudi
Arabia Glucometers Market By Product Type (Self Glucose Monitoring Glucometers
v/s Continuous Glucose Monitoring Glucometers) By Technique (Invasive v/s
Non-Invasive) By Type (Wearable v/s Non-Wearable) By Distribution Channel
(Hospital Pharmacies, Retail Outlet, Online, Others) By End User (Hospitals
& Clinics, Diagnostic Centers, Home Care, Others) By Region, Competition
Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi
Arabia Glucometer market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Saudi Arabia Glucometer
market.
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