Market Size of South Africa Diabetes Care Devices Industry
Study Period | 2018 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 151.96 Million |
Market Size (2029) | USD 186.30 Million |
CAGR (2024 - 2029) | 4.08 % |
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?
South Africa Diabetes Care Devices Market Analysis
The South Africa Diabetes Care Devices Market size is estimated at USD 151.96 million in 2024, and is expected to reach USD 186.30 million by 2029, growing at a CAGR of greater than 4.08% during the forecast period (2024-2029).
The COVID-19 pandemic positively impacted the South Africa Diabetes Care Devices Market growth. Patients with diabetes, infected with COVID-19 may experience elevated blood glucose, abnormal glucose variability, and diabetic complications. The prevalence of diabetes in people with COVID-19 caused a significant increase in severity and mortality of COVID-19 in people with either type 1 (T1DM) or type 2 diabetes mellitus (T2DM), especially in association with poor glycemic control. While new-onset hyperglycemia and new-onset diabetes (both T1DM and T2DM) have been increasingly recognized in the context of COVID-19 and have been associated with worse outcomes. To avoid aggravation, a patient's blood glucose should be monitored and maintained regularly, which has underlined the importance of diabetes care devices.
According to IDF Diabetes Atlas 2021, one in nine adults in South Africa are living with diabetes. The main diagnosis for diabetes patients is imbalances in blood glucose levels, which are not in compliance with the standard blood glucose levels. The general lab diagnostic tests can only help to diagnose the disease by physicians. Patients with more fluctuations in glucose levels need to get it checked every day. Patients administering insulin need to check their blood glucose levels frequently, adjust the doses of insulin, or change the medication, if necessary.
The rate of newly diagnosed Type 1 and Type 2 diabetes cases is seen to increase, mainly due to obesity, unhealthy diet, and physical inactivity. The rapidly increasing incidence and prevalence of diabetic patients and healthcare expenditure in developed countries are indications of the increasing usage of diabetic care products. Moreover, the increasing adoption of insulin delivery devices and the rising prevalence of diabetes are driving the market growth. Leading manufacturers are focusing on technological innovations and the development of advanced products to gain a substantial share of the market.
Therefore, owing to the aforementioned factors the studied market is anticipated to witness growth over the analysis period.
South Africa Diabetes Care Devices Industry Segmentation
Diabetes care devices are the hardware, equipment, and software used by diabetes patients to regulate blood glucose levels, prevent diabetes complications, lessen the burden of diabetes, and enhance the quality of life. The South Africa Diabetes Care Devices Market is segmented into management devices (insulin pumps (Technology and Components (insulin pump devices, insulin pump reservoir, and infusion set)), insulin syringes, insulin cartridges in reusable pens, disposable insulin pens, and jet injectors) and monitoring devices (self-monitoring blood glucose (glucometer devices, blood glucose test strips, and lancets) and continuous glucose monitoring (sensors and durables (receivers and transmitters))and End User (Hospital/Clinics and Home/Personal). The report offers the value (in USD) and volume (in units) for the above segments.
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Jet Injectors |
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South Africa Diabetes Care Devices Market Size Summary
The South Africa Diabetes Care Devices Market is poised for significant growth over the forecast period, driven by the increasing prevalence of diabetes and the rising adoption of advanced diabetes care technologies. The market's expansion is further supported by the impact of the COVID-19 pandemic, which highlighted the critical need for effective blood glucose monitoring and management solutions. The prevalence of diabetes in South Africa is notably high, with a substantial portion of the adult population affected, primarily due to factors such as obesity, unhealthy diets, and physical inactivity. This has led to a growing demand for diabetes care devices, including insulin delivery systems and continuous glucose monitoring devices, which are becoming increasingly integral to managing diabetes effectively.
The market landscape is characterized by a fragmented structure with key players like Novo Nordisk, Dexcom, Medtronic, and Abbott Diabetes Care leading the charge in technological innovations and product development. These companies are focusing on enhancing the affordability and accessibility of diabetes care devices, particularly continuous glucose monitoring systems, which are gaining traction due to their ability to provide real-time glucose level insights and improve patient outcomes. Additionally, initiatives such as the ACCEDE project aim to bolster the availability of these devices in South Africa, further propelling market growth. The involvement of organizations like Diabetes South Africa and SEMDSA underscores the collaborative efforts to improve diabetes care and management, advocating for better healthcare policies and funding to support the growing diabetic population.
South Africa 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 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 Management Devices
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2.1.1 Insulin Pump
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2.1.1.1 Technology
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2.1.1.1.1 Tethered Insulin Pump
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2.1.1.1.2 Tubeless Insulin Pump
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2.1.1.2 Component
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2.1.1.2.1 Insulin Pump Device
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2.1.1.2.2 Insulin Pump Reservoir
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2.1.1.2.3 Infusion Set
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2.1.2 Insulin pens
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2.1.2.1 Cartridges in Reusable Pens
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2.1.2.2 Insulin Disposable Pens
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2.1.3 Insulin Syringes
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2.1.4 Jet Injectors
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2.2 Monitoring Devices
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2.2.1 Self-monitoring Blood Glucose
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2.2.1.1 Glucometer Devices
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2.2.1.2 Blood Glucose Test Strips
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2.2.1.3 Lancets
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2.2.2 Continuous Glucose Monitoring
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2.2.2.1 Sensors
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2.2.2.2 Durables (Receivers and Transmitters)
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South Africa Diabetes Care Devices Market Size FAQs
How big is the South Africa Diabetes Care Devices Market?
The South Africa Diabetes Care Devices Market size is expected to reach USD 151.96 million in 2024 and grow at a CAGR of greater than 4.08% to reach USD 186.30 million by 2029.
What is the current South Africa Diabetes Care Devices Market size?
In 2024, the South Africa Diabetes Care Devices Market size is expected to reach USD 151.96 million.