Egypt
Glucometers Market is expected to grow at an impressive rate during the
forecast period, 2018-2028. The major factors
contributing to the growth of the market include increasing prevalence of diabetes,
growing awareness of diabetes management, government initiatives, technological
advancements, and increasing healthcare expenditure.
The rising incidence of diabetes is the primary driver of the
glucometer market in Egypt. Diabetes is a chronic disease that requires ongoing
management, including monitoring blood glucose levels regularly. The growing
number of people living with diabetes in Egypt has led to an increased demand
for glucometers and other diabetes management tools.
People are becoming more proactive in managing their health
and are looking for ways to monitor their blood glucose levels and manage their
diabetes effectively.
The Egyptian government has taken several initiatives to
address the rising prevalence of diabetes. These initiatives include launching
awareness campaigns to educate people about the importance of diabetes
management and providing subsidies for medical devices like glucometers. The
government's efforts to promote diabetes management have helped to increase the
availability and affordability of glucometers in Egypt.
The development of more advanced and user-friendly
glucometers has also contributed to the growth of the market in Egypt. These
devices are more accurate, require less blood, and offer other features like
data tracking and analysis. The availability of these advanced devices has made
it easier for people to monitor their blood glucose levels and manage their
diabetes effectively.
As healthcare expenditure in Egypt continues to rise, more
people are able to afford glucometers and other diabetes management tools. This
trend is likely to continue in the coming years, which could contribute to the
growth of the glucometer market. In addition, as more people gain access to
healthcare services, the demand for diabetes management tools is likely to
increase.
Advancements in technology are likely to have a significant
impact on the growth of the glucometer market in Egypt. The development of more
advanced and user-friendly glucometers, such as those with Bluetooth
connectivity and automatic data syncing with smartphones, is making it easier
for people with diabetes to manage their condition. In addition, the
development of continuous glucose monitoring systems (CGMs) that provide
real-time glucose data could also contribute to the growth of the market in
Egypt.
Telemedicine is also becoming more prevalent in Egypt,
especially considering the COVID-19 pandemic. This trend is likely to continue
in the coming years, and it could have a significant impact on the growth of
the glucometer market. Telemedicine platforms that integrate with glucometers
could enable people with diabetes to monitor their condition remotely and
receive real-time guidance and support from healthcare professionals.
Increasing focus on preventive healthcare is becoming a more
prominent focus in Egypt, and this could have a significant impact on the
growth of the glucometer market. Preventive healthcare initiatives that
encourage people to monitor their health and take action before they develop a
chronic condition like diabetes could increase the demand for glucometers and
other health monitoring devices.
While the market for glucometers in Egypt is growing rapidly,
there are several challenges that could impede the growth of this market. These
challenges include the high cost of glucometers, limited awareness and
education, lack of healthcare infrastructure, limited availability of advanced
devices and cultural barriers.
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Growing Prevalence of Diabetes
The growing prevalence of diabetes in Egypt is having a
significant impact on the growth of the glucometer market in the country. The International Diabetes
Federation (IDF) estimates that 15.2% of Egyptian people have diabetes,
although this number may be underestimated. Diabetes is a chronic disease that
affects the body's ability to regulate blood glucose levels. As the number of
people with diabetes in Egypt continues to grow, there is an increasing demand
for diabetes management tools like glucometers. A glucometer is a device that measures
a person's blood glucose levels, and it is an essential tool for people with
diabetes to monitor their condition and make informed decisions about their
diet and medication. Glucometer manufacturers and distributors in Egypt are
seeing a rise in demand for their products, and they are investing in research
and development to create more advanced and user-friendly devices.
The Egyptian government has taken several initiatives to
promote diabetes management. These initiatives include launching awareness
campaigns to educate people about the importance of diabetes management and
providing subsidies for medical devices like glucometers.
The increasing prevalence of diabetes in Egypt is not only
driving the demand for glucometers but also creating opportunities for
innovation and growth in the healthcare sector. The development of new and more
advanced diabetes management tools like continuous glucose monitoring systems
(CGMs) and the integration of telemedicine platforms with glucometers is making
it easier for people with diabetes to manage their condition, and it is also
contributing to the growth of the glucometer market in Egypt. The growing
prevalence of diabetes in Egypt is a significant driver of the growth of the
glucometer market in Egypt.
Technological Advancements
Technological advancements in glucometers are having a
significant impact on the growth of the glucometer market in Egypt. Over the
past few years, there has been a rapid development in the technology used in
glucometers, with more advanced and user-friendly devices being introduced in
the market. These advancements are driving the demand for glucometers in Egypt,
and this trend is expected to continue in the coming years.
The major significant technological advancements in the field
of glucometers are the development of continuous glucose monitoring systems
(CGMs). CGMs are small, wearable devices that continuously monitor a person's
blood glucose levels in real-time. These devices provide people with diabetes
with a more accurate and detailed view of their glucose levels, allowing them
to make better-informed decisions about their diet, exercise, and medication. CGMs
are becoming increasingly popular in Egypt, and the market for these devices is
expected to grow significantly in the coming years. This growth is being driven
by several factors, including the increasing prevalence of diabetes in Egypt
and the growing demand for more advanced diabetes management tools.
The integration of telemedicine platforms with glucometers is
also a technological advancement which is influencing the growth of the market.
This integration allows people with diabetes to share their glucose data with
healthcare professionals remotely, allowing for better diabetes management and
more personalized treatment plans. This integration is becoming more prevalent
in Egypt, and it is expected to drive the growth of the glucometer market in
the country in the coming years.
Additionally, there is also a growing trend towards more
user-friendly and intuitive glucometers in Egypt. Manufacturers are investing
in research and development to create devices that are easier to use and
require less blood for testing. These advancements are making it easier for
people with diabetes to manage their condition and are driving the demand for
glucometers in Egypt.
Growing Awareness of Diabetes Management
Growing awareness of diabetes management in Egypt is having a
significant impact on the growth of the glucometer market in the country. With
a high prevalence of diabetes in Egypt, there is a growing need for diabetes
management tools like glucometers. As awareness of diabetes management grows,
more people are realizing the importance of monitoring their blood glucose
levels and are seeking out glucometers as a means of doing so.
This growing awareness is driving the demand for glucometers
in Egypt and is expected to continue to do so in the coming years. As more
people become aware of the importance of monitoring their blood glucose levels,
the demand for glucometers is likely to increase.
Market Segmentation
The
Egypt Glucometers Market can be segmented by product
type, technique,
type, distribution channel, end user, region and competitive
landscape. By product type, the market
can be segmented into Self Glucose Monitoring Glucometers and Continuous
Glucose Monitoring Glucometers. Based on technique, the market can be segmented
into Invasive and Non-Invasive. In terms of type, the market can be segmented
into Wearable and Non-Wearable. Based on distribution channel, the market is
divided into Hospital Pharmacies, Retail Outlet, Online and Others. Based
on end user, the market is divided into Hospitals & Clinics, Diagnostic
Centers, Home Care and Others.
Market Players
Abbott laboratories Egypt, Bayer
Egypt, Arkray Egypt, Novo Nordisk A/S, Johnson & Johnson, F. Hoffmann-La
Roche AG among others some
of the leading companies operating in the market.
|
Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historic Data
|
2018 – 2021
|
|
Estimated Year
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2023
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Forecast Period
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2024 – 2028
|
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Quantitative Units
|
Revenue in USD Million, Volume Units and
CAGR for 2018-2022 and 2023-2028
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|
Report coverage
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Revenue forecast, Volume forecast company share, competitive
landscape, growth factors, and trends
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|
Segments covered
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Product Type
Technique
Type
Distribution Channel
End User
|
|
Regional scope
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Cairo; Qalyubia; Alexandria; Port Said; Giza; Suez
|
|
Key companies profiled
|
Abbott laboratories Egypt, Bayer Egypt,
Arkray Egypt, Novo Nordisk A/S, Johnson & Johnson, F. Hoffmann-La Roche
AG, LifeScan
|
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Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
|
Pricing and purchase options
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Avail customized purchase options to meet
your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, Egypt Glucometers Market has been segmented
into following categories, in addition to the industry trends which have also
been detailed below:
·
Egypt Glucometers Market, By Product Type
o
Self
Glucose Monitoring Glucometers
o
Continuous
Glucose Monitoring Glucometers
o
Egypt
Glucometers Market, By Technique
o
Invasive
o
Non-Invasive
·
Egypt
Glucometers Market, By Type
o
Wearable
o
Non-Wearable
Egypt Glucometers Market, By Technique
o Invasive
o Non-Invasive
·
Egypt
Glucometers Market, By Distribution Channel
o
Hospital
Pharmacies
o
Retail
Outlet
o
Online
o
Others
·
Egypt
Glucometers Market, By End User
o
Hospitals
& Clinics
o
Diagnostic
Centers
o
Home
Care
o
Others
·
Egypt
Cardiovascular Devices Market, By Region
o
Cairo
o
Qalyubia
o
Alexandria
o
Port
Said
o
Giza
o
Suez
Competitive Landscape
Company Profiles: Detailed analysis of the
major companies present in Egypt Glucometers Market
Available Customizations:
With the given market data, TechSci Research
offers customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
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