Market Size of Middle East And Africa Continuous Glucose Monitoring Industry
Study Period | 2019- 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 261.03 Million |
Market Size (2029) | USD 477.33 Million |
CAGR (2024 - 2029) | 12.83 % |
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?
Middle East and Africa Continuous Glucose Monitoring Market Analysis
The Middle East And Africa Continuous Glucose Monitoring Market size is estimated at USD 261.03 million in 2024, and is expected to reach USD 477.33 million by 2029, growing at a CAGR of 12.83% during the forecast period (2024-2029).
The Middle East and Africa Continuous Glucose Monitoring Market size is estimated at USD 261.03 million in 2024, and is expected to reach USD 477.33 million by 2029, growing at a CAGR of 12.83% during the forecast period (2024-2029).
During the COVID-19 pandemic patients with diabetes, infected experienced additional stress and increased secretion of hyperglycemic hormones. To avoid aggravation, a patient's blood glucose monitoring had to be considered during the COVID-19 patient's hospitalization which highlighted the importance of continuous glucose monitoring devices. Pandemic emergency created a surge in remote care from both patients and providers and removed many long-standing regulatory barriers. Thus, the COVID-19 outbreak increased the continuous glucose monitoring device market's growth.
73 million adults (20-79) are living with diabetes in the IDF MENA Region in 2021. This figure is estimated to increase to 95 million by 2030. 48 million adults in the IDF MENA Region are living with Impaired Glucose Tolerance, which places them at increased risk of developing type 2 diabetes. Diabetes is responsible for 796,000 deaths in the IDF MENA Region in 2021. USD 33 billion was spent on healthcare for people with diabetes in 2021.
The Middle East and African region had witnessed an alarming increase in the prevalence of diabetes, in recent years, the rate of diabetes is at an all-time high, mainly due to lifestyle changes. Diabetes is associated with many health complications. Patients with diabetes require many corrections throughout the day to maintain nominal blood glucose levels, such as administering additional insulin or ingesting additional carbohydrates by monitoring their blood glucose levels. Diabetes poses an emerging healthcare burden across the region The Type 1 diabetes population completely depends on insulin therapy. Therefore, they constantly need to monitor their blood glucose levels. Some Type 2 diabetes patients also depend on insulin therapy and 90% of the diabetic population is type 2, most of them use Continuous glucose monitoring devices to monitor their insulin levels.
Owing to the aforementioned factors the studied market is anticipated to witness growth over the analysis period.
Middle East and Africa Continuous Glucose Monitoring Industry Segmentation
Continuous glucose monitoring is a wearable tool that makes it easier for people with diabetes to track their blood sugar levels over time and measures their glucose levels 24 hours a day while wearing the device. The Middle East and Africa continuous glucose monitoring market is segmented by components (sensors and durables) and geography (Saudi Arabia, Iran, Egypt, Oman, South Africa, and the rest of the Middle East and Africa). The report offers the value (in USD) and volume (in units) for the above segments. Further, the report will cover a segment-wise breakdown (value and volume) for all the countries covered under the table of contents.
Components | |
Sensors | |
Durables |
Distribution Channel | |
Online | |
Offline |
Geography | |
Saudi Arabia | |
Iran | |
Egypt | |
Oman | |
South Africa | |
Rest of Middle East and Africa |
Middle East And Africa Continuous Glucose Monitoring Market Size Summary
The Middle East and Africa continuous glucose monitoring market is poised for significant growth, driven by the rising prevalence of diabetes and the increasing adoption of advanced monitoring technologies. The region has seen a surge in diabetes cases, largely attributed to lifestyle changes, which has heightened the demand for continuous glucose monitoring (CGM) devices. These devices are crucial for managing blood glucose levels, especially for Type 1 diabetes patients who rely on insulin therapy. The COVID-19 pandemic further accelerated market growth by emphasizing the importance of remote patient monitoring and breaking down regulatory barriers. As a result, the market is expected to expand substantially over the forecast period, with sensors holding a significant market share due to their effectiveness in providing real-time glucose readings.
Saudi Arabia stands out as a key player in the region's CGM market, driven by its high diabetes prevalence and the adoption of insulin pumps for diabetes management. The Saudi government is actively working to enhance healthcare services, aiming to cover all citizens with insurance and improve access to quality digital healthcare. This supportive environment, coupled with the presence of major manufacturers like Dexcom and Medtronic, positions Saudi Arabia as a dominant force in the market. The continuous development of innovative CGM technologies, such as those by Abbott and Senseonics, further underscores the region's potential for growth. As the market evolves, it is expected to witness increased demand for CGM devices, supported by both government initiatives and advancements in healthcare technology.
Middle East And Africa Continuous Glucose Monitoring 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 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Components
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2.1.1 Sensors
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2.1.2 Durables
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2.2 Distribution Channel
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2.2.1 Online
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2.2.2 Offline
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2.3 Geography
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2.3.1 Saudi Arabia
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2.3.2 Iran
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2.3.3 Egypt
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2.3.4 Oman
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2.3.5 South Africa
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2.3.6 Rest of Middle East and Africa
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Middle East And Africa Continuous Glucose Monitoring Market Size FAQs
How big is the Middle East And Africa Continuous Glucose Monitoring Market?
The Middle East And Africa Continuous Glucose Monitoring Market size is expected to reach USD 261.03 million in 2024 and grow at a CAGR of 12.83% to reach USD 477.33 million by 2029.
What is the current Middle East And Africa Continuous Glucose Monitoring Market size?
In 2024, the Middle East And Africa Continuous Glucose Monitoring Market size is expected to reach USD 261.03 million.