Market Size of Iran Diabetes Care Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 752.91 Million |
| Market Size (2029) | USD 938.26 Million |
| CAGR (2024 - 2029) | 4.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Iran Diabetes Care Devices Market Analysis
The Iran Diabetes Care Devices Market size is estimated at USD 752.91 million in 2024, and is expected to reach USD 938.26 million by 2029, growing at a CAGR of 4.5% during the forecast period (2024-2029).
The most significant challenges of diabetes care management in developing countries during the COVID-19 pandemic include inadequate preventive measures, interrupted traditional methods of relationship with the patient, medication shortages, disruption of routine diabetic care, and a lack of the necessary infrastructure for telehealth services. Diabetes prevalence is increasing in Iran, as in many other nations. In addition to the problems inherent in diabetes management in impoverished nations, Iran has encountered new hurdles in the last two years as sanctions have tightened. During the COVID-19 crisis in Iran, the weight of sanctions more than quadrupled.
The most important components of diabetes self-management that should be considered to control hyperglycemia better and prevent or at least delay complications in diabetic patients are regular blood glucose monitoring, following a healthy diet, regular physical activity, and compliance with medication and foot care. Shortages or the high prices of devices such as insulin pens escalated the anxiety of patients with diabetes and complicated the management of their disease during the COVID-19 crisis.
Iran Diabetes Care Devices Industry Segmentation
CGM devices consist of three essential components: a sensor, a transmitter, and a receiver or monitor. The sensor, a compact device, is gently inserted beneath the skin to continuously monitor blood sugar levels, providing real-time measurements multiple times per minute. Subsequently, the transmitter relays this valuable information to a receiver, which can either be integrated into an insulin pump or exist as a standalone device. Iran diabetes care devices market is segmented into devices (management devices (insulin pumps, insulin pens, syringes, cartridges, and jet injectors) and monitoring devices (self-monitoring blood and continuous glucose monitoring)). The report offers the market size in value terms in USD and volume terms in units for all the abovementioned segments.
| Monitoring Devices | |||||
| |||||
|
| Management Devices | |||||
| |||||
| Insulin Syringes | |||||
| Insulin Cartridges | |||||
| Disposable Pens |
Iran Diabetes Care Devices Market Size Summary
The Iran diabetes care devices market is poised for steady growth over the forecast period, driven by an increasing prevalence of diabetes and the adoption of advanced monitoring technologies. Despite challenges such as economic sanctions, high costs of diabetes management, and limited access to essential medications like insulin, the market is expanding due to the rising demand for insulin management devices and continuous glucose monitoring systems. The COVID-19 pandemic exacerbated existing issues, including medication shortages and disrupted care routines, but also highlighted the importance of self-management practices such as regular blood glucose monitoring and adherence to dietary and physical activity guidelines. The economic impact of diabetes in Iran is significant, with high direct healthcare costs contributing to the financial burden on families and the healthcare system.
The market landscape is characterized by technological advancements and strategic collaborations among key players. Companies like Medtronic, Roche, NovoNordisk, Abbott, and Dexcom are at the forefront, with innovations such as the MiniMed 780G system and partnerships with health-tech firms to enhance diabetes care. These developments are paving the way for automated insulin delivery systems and improved monitoring devices, addressing the needs of patients in challenging economic conditions. Despite the availability of drugs and insulin coverage, the control of diabetes-related health issues remains inadequate, underscoring the ongoing need for effective diabetes care solutions in Iran. As the market continues to evolve, it is expected to gradually expand, supported by advancements in technology and increased awareness of diabetes management.
Iran Diabetes Care Devices Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.3 Market Restraints
-
1.4 Industry Attractiveness - Porter's Five Forces Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Monitoring Devices
-
2.1.1 Self-monitoring Blood Glucose Devices
-
2.1.1.1 Glucometer Devices
-
2.1.1.2 Test Strips
-
2.1.1.3 Lancets
-
-
2.1.2 Continuous Blood Glucose Monitoring
-
2.1.2.1 Sensors
-
2.1.2.2 Durables
-
-
-
2.2 Management Devices
-
2.2.1 Insulin Pump
-
2.2.1.1 Insulin Pump Device
-
2.2.1.2 Insulin Pump Reservoir
-
2.2.1.3 Infusion Set
-
-
2.2.2 Insulin Syringes
-
2.2.3 Insulin Cartridges
-
2.2.4 Disposable Pens
-
-
Iran Diabetes Care Devices Market Size FAQs
How big is the Iran Diabetes Care Devices Market?
The Iran Diabetes Care Devices Market size is expected to reach USD 752.91 million in 2024 and grow at a CAGR of 4.5% to reach USD 938.26 million by 2029.
What is the current Iran Diabetes Care Devices Market size?
In 2024, the Iran Diabetes Care Devices Market size is expected to reach USD 752.91 million.
