Middle East & Africa Continuous Glucose Monitoring Devices Market Size & Outlook
Middle East & Africa continuous glucose monitoring devices market, 2018-2030 (US$M)
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MEA continuous glucose monitoring devices market highlights
- The MEA continuous glucose monitoring devices market generated a revenue of USD 165.6 million in 2022.
- The market is expected to grow at a CAGR of 7% from 2023 to 2030.
- In terms of segment, transmitter & receiver was the largest revenue generating product in 2022.
- Insulin Pumps is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 165.6 million |
| Market revenue in 2030 | USD 285.5 million |
| Growth rate | 7% (CAGR from 2022 to 2030) |
| Largest segment | Transmitter & receiver |
| Fastest growing segment | Insulin Pumps |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sensors, Transmitter & Receiver, Insulin Pumps |
| Key market players worldwide | DexCom Inc, Abbott Laboratories, Medtronic PLC, Ypsomed Holding AG, Senseonics Holdings Inc, A.Menarini Diagnostics, Signos |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.0% of the global continuous glucose monitoring devices market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,883.1 million by 2030.
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Continuous Glucose Monitoring Devices Market Scope
Continuous Glucose Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa continuous glucose monitoring devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to continuous glucose monitoring devices market will help companies and investors design strategic landscapes.
Transmitter & receiver was the largest segment with a revenue share of 36.65% in 2022. Horizon Databook has segmented the Middle East & Africa continuous glucose monitoring devices market based on sensors, transmitter & receiver, insulin pumps covering the revenue growth of each sub-segment from 2018 to 2030.
The continuous glucose monitoring devices market in MEA is expected to witness rapid growth due to the increased prevalence of diabetes and rapidly aging population, as well as growing demand for homebased monitoring devices. According to the International Diabetes Federation (IDF), the Middle East accounted for the second-highest deaths due to diabetes among patients below 60 years.
Despite significant factors driving the penetration of digital patient monitoring devices, stringent regulatory framework and lack of proper reimbursement policies are anticipated to restrain the market growth. In the IDF MENA region, addition, about 48 million adults in the region have IGT, which increases their risk of developing type 2 diabetes.
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Our clientele includes a mix of continuous glucose monitoring devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa continuous glucose monitoring devices market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa continuous glucose monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA continuous glucose monitoring devices market size, by country, 2018-2030 (US$M)
Middle East & Africa Continuous Glucose Monitoring Devices Market Outlook Share, 2022 & 2030 (US$M)
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