Market Trends of Saudi Arabia Diabetes Care Devices Industry
Monitoring Devices Segment Expected to Register Significant Growth
The monitoring devices segment is expected to register a CAGR of over 11% during the forecast period. The demand from the type-1 diabetes population may mainly drive this growth.
Monitoring devices include self-monitoring blood glucose (SMBG) devices and continuous glucose monitoring (CGM) devices. The SMBG devices segment held a major share of the Saudi Arabia diabetes devices market. The frequency of monitoring glucose levels depends on the type of diabetes. The awareness of self-monitoring glucose levels has increased in Saudi Arabia. The market for monitoring devices is expected to witness high growth, registering a CAGR of over 7% during the forecast period. Type-1 diabetic patients need to check their blood glucose levels at regular intervals to adjust their insulin dosing accordingly. The current CGM devices provide a more accurate depiction of blood glucose patterns and tendencies than is possible with the conventional method of checking glucose levels at predetermined intervals. CGM device usage is a rising trend in Saudi Arabia because of technological advancements like the recently approved non-invasive glucose meter. The Saudi Food and Drug Authority (SFDA) rules the production, importation, marketing, and distribution of medical devices in Saudi Arabia. The SFDA has made various rules and guidance notes available that explain the legislation that applies to the medical device sector.
Thus, the above factors are expected to drive the growth of the market studied over the forecast period.
Saudi Arabia Recorded the Second-largest Diabetes Population in Middle-East and Africa in the Current Year
Diabetes is one of the largest health problems in Saudi Arabia. This country is ranked among the top 10 countries in the world with respect to the prevalence of diabetes. The diabetic population in Saudi Arabia increased from 3.83 million in 2016 to 5.95 million in 2021. This is expected to reach 9.23 million by 2027. Obesity, especially central obesity, increased visceral fat due to physical inactivity, and the consumption of high-calorie,high-fat, and high-sugar foods are the major contributing factors to diabetes. The most prominent work culture perpetuated in the country, which includes sitting for hours in one position and consuming fast food with little to no physical activity, is a significant contributor to diabetes in the working-age group. 13.4% of people aged 15 and older in the Kingdom of Saudi Arabia (KSA) have diabetes mellitus (DM), making it a serious health problem. To address the national concerns of DM, the Saudi National Diabetes Center (SNDC) was recently founded. In order to significantly enhance diabetes treatment in the Saudi population during the ensuing years, SNDC has pioneered a strategic plan for diabetes care in KSA. One of the objectives of the SNDC approach is to create regional DM guidelines and reevaluate them regularly.
Saudi Arabia is aiming to reduce the prevalence of diabetes by 10% over the next decade. Several initiatives, including taxing sugary drinks, focusing on fitness programs, and focusing on preventative care, are being taken by the government to stem this epidemic. The government's focus on combating diabetes and the higher purchasing power of the people in the country may help the market for diabetes monitoring devices during the forecast period.
