Market Size of Indonesia Diabetes Care Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 140.04 Million |
Market Size (2029) | USD 185.03 Million |
CAGR (2024 - 2029) | 5.73 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Indonesia Diabetes Care Devices Market Analysis
The Indonesia Diabetes Care Devices Market size is estimated at USD 140.04 million in 2024, and is expected to reach USD 185.03 million by 2029, growing at a CAGR of 5.73% during the forecast period (2024-2029).
Diabetes in Indonesia is considered a major health problem and has been a concern. Diabetes specialists have created recommendations for preventing and controlling diabetes to address the growing number of diabetics in Indonesia. Diabetes management is critical to preventing serious consequences such as neuropathy, nephropathy, retinopathy, microvascular disease, and cardiovascular disease.
Pharmacologic therapy such as oral medicines and insulin, as well as non-pharmacologic therapies such as lifestyle changes, are still considered modern approaches for diabetes management. These therapies are only possible through diabetes teaching programs that promote self-care management. Diabetes education programs are provided by healthcare providers in Indonesia. In Indonesia, the availability of certified diabetic educators is restricted, resulting in a scarcity of qualified health care professionals (HCPs) to educate persons with diabetes.
Furthermore, the increasing focus on self-care and self-monitoring among individuals with diabetes has also played a role in driving the market growth. Many individuals now prefer to monitor their blood glucose levels at home, rather than visiting healthcare facilities. This has led to a higher demand for blood glucose devices that can be used easily and effectively at home.
Overall, the rising number of diabetes cases in Indonesia has created a significant market opportunity for blood glucose devices. The combination of increased awareness, government initiatives, technological advancements, and changing patient preferences has fueled the growth of this market. As the diabetes epidemic continues to grow, the demand for blood glucose devices is expected to further increase, driving the market growth even further.
Indonesia Diabetes Care Devices Industry Segmentation
A glucose meter, commonly known as a "glucometer", is a device used in the medical field to estimate the concentration of glucose in the bloodstream. It can also involve a glucose paper strip that is immersed in a sample and then compared to a glucose chart. Thailand Diabetes Care Devices Market is segmented into devices. The report offers the value (in USD) and volume (in Units) for the above segments.
Monitoring Devices | |||||
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Management Devices | |||||
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Insulin Syringes | |||||
Insulin Cartridges | |||||
Disposable Pens |
Indonesia Diabetes Care Devices Market Size Summary
The diabetes care devices market in Indonesia is poised for significant growth, driven by the increasing prevalence of diabetes and the rising demand for effective management solutions. As diabetes becomes a major health concern in the country, there is a growing emphasis on both pharmacologic and non-pharmacologic therapies, including lifestyle changes and self-care management. Despite the challenges posed by a shortage of certified diabetic educators and healthcare professionals, the market is benefiting from advancements in technology and the increasing focus on self-monitoring devices. The preference for home-based blood glucose monitoring devices is contributing to the market's expansion, as individuals seek convenient and efficient ways to manage their condition.
The market is further supported by the development of innovative diabetes care technologies, such as continuous glucose monitoring and insulin pump therapy, which offer more precise and less invasive options for insulin delivery. These advancements are complemented by favorable reimbursement policies and ongoing research and development efforts. However, challenges remain, including limited access to insulin through government insurance and the impact of the COVID-19 pandemic on diabetes management. Despite these obstacles, the market is expected to grow steadily, with collaborations and acquisitions among key players enhancing the availability and functionality of diabetes care devices in Indonesia.
Indonesia Diabetes Care Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Industry Attractiveness - Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Monitoring Devices
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2.1.1 Self-monitoring Blood Glucose Devices
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2.1.1.1 Glucometer Devices
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2.1.1.2 Test Strips
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2.1.1.3 Lancets
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2.1.2 Continuous Blood Glucose Monitoring
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2.1.2.1 Sensors
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2.1.2.2 Durables
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2.2 Management Devices
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2.2.1 Insulin Pump
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2.2.1.1 Insulin Pump Device
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2.2.1.2 Insulin Pump Reservoir
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2.2.1.3 Infusion Set
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2.2.2 Insulin Syringes
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2.2.3 Insulin Cartridges
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2.2.4 Disposable Pens
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Indonesia Diabetes Care Devices Market Size FAQs
How big is the Indonesia Diabetes Care Devices Market?
The Indonesia Diabetes Care Devices Market size is expected to reach USD 140.04 million in 2024 and grow at a CAGR of 5.73% to reach USD 185.03 million by 2029.
What is the current Indonesia Diabetes Care Devices Market size?
In 2024, the Indonesia Diabetes Care Devices Market size is expected to reach USD 140.04 million.