Saudi Arabia Blood Glucose Monitoring Devices Market to Grow with an Impressive CAGR until 2026
Rapidly changing lifestyle
drives the Saudi Arabia Blood Glucose Monitoring Devices Market, in forecast
period, 2022-2026.
According to TechSci report on, “Saudi Arabia Blood Glucose Monitoring Devices Market By Product Type (Self
Blood Glucose Monitoring Devices {Glucometers, Test Strips, Lancets} v/s
Continuous Glucose Monitoring Devices {Sensors, Transmitters & Receivers,
Integrated Insulin Pumps}) By Application (Type 1 Diabetes, Type 2 Diabetes,
Gestational Diabetes) By End User (Home Care Settings, Hospital, Others) By
Region, Competition Forecast & Opportunities, 2026”, Saudi
Arabia blood glucose monitoring devices market has shown promising growth in historical years
until 2019 and is expected to continue its growth in upcoming forecast years
2021 to 2026. Saudi Arabia blood glucose monitoring devices market owes its
growth to the factors like rising prevalence of the diabetes which is a chronic
disease along with the increased awareness of these glucose monitoring devices
among the diabetic patients. Moreover, governmental aid toward the
reimbursement of the self-blood glucose monitoring diagnosis and treatment is
anticipated to drive the market growth in the next 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. Blood glucose monitoring devices 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 affecged 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 blood glucose
monitoring devices market in the next five years.
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Saudi Arabia
blood glucose monitoring devices market segmentation is based on product type,
application, end user, regional distribution, and competitional landscape.
Based on application the market is further fragmented into type 1 diabetes,
type 2 diabetes, and gestational diabetes. The rising number of patients
suffering from type 1 diabetes is driving the growth of the market. Therefore,
type 1 diabetes is anticipated to dominate the market segment in the forecast
period. Although, type 2 diabetes also requires a consistent monitoring of the
blood sugar level, and therefore the segment is expected to hold a significant
share of the market in the next five years.
Based on end
user the market is further categorized into home care settings, hospitals, and others.
Home care settings are expected to drive the market growth owing to the
increased umber of patients that are self-reliant. Blood glucose monitor
devices alerts the users regarding their irregular blood sugar or if there is
any increase or decrease in the glucose level. Hospitals are often laced with
the continuous blood glucose monitoring devices that are heavy duty and are not
owned by singular patient due to its cost in-efficiency. Although hospitals
with the government aid are able to afford the devices and thereby expected to
hold significant market share in the market.
Some of the top
players in the Saudi Arabia blood glucose monitoring devices market are, Abbott
Saudi Arabia, Roche Diagnostics Saudi Arabia LLC, Johnson & Johnson Medical
Saudi Arabia Limited, Medtronic Saudi Arabia Co., Becton, Dickinson, and
Company Saudi Arabia, Nipro Middle East FZE, Mediserv (B.Braun), VitalAire
Arabia, Sanofi Aventis Arabia Co. Ltd, Bayer Saudi Arabia, 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 blood
glucose monitoring devices. The devices with the smartphone compatibility is 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 Blood
Glucose Monitoring Devices Market By Product Type (Self Blood Glucose
Monitoring Devices {Glucometers, Test Strips, Lancets} v/s Continuous Glucose
Monitoring Devices {Sensors, Transmitters & Receivers, Integrated Insulin
Pumps}) By Application (Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes)
By End User (Home Care Settings, Hospital, Others) By Region, Competition
Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi
Arabia blood glucose monitoring devices 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 blood glucose monitoring devices market.
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