Saudi Arabia Continuous Glucose Monitoring Devices Market Size & Outlook
Saudi Arabia continuous glucose monitoring devices market, 2018-2030 (US$M)
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Saudi Arabia continuous glucose monitoring devices market highlights
- The Saudi Arabia continuous glucose monitoring devices market generated a revenue of USD 31.7 million in 2022 and is expected to reach USD 53.6 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6.8% 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.
Continuous glucose monitoring devices market data book summary
| Market revenue in 2022 | USD 31.7 million |
| Market revenue in 2030 | USD 53.6 million |
| Growth rate | 6.8% (CAGR from 2022 to 2030) |
| Largest segment | Transmitter & receiver |
| Fastest growing segment | Insulin Pumps |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Saudi Arabia accounted for 0.8% of the global continuous glucose monitoring devices market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa continuous glucose monitoring devices market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 85.1 million by 2030.
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Continuous Glucose Monitoring Devices Market Scope
Continuous Glucose Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 36.59% in 2022. Horizon Databook has segmented the Saudi Arabia continuous glucose monitoring devices market based on sensors, transmitter & receiver, insulin pumps covering the revenue growth of each sub-segment from 2018 to 2030.
According to the International Diabetes Federation's 2021 report, the prevalence of diabetes in Saudi Arabia is quite high, with more than one in 10 people affected. The report also predicted that this number is expected to nearly double by 2045, and it estimated that 4.27 million people in Saudi Arabia have diabetes.
The increase in type 2 diabetes cases can be attributed to a combination of factors, including socioeconomic, demographic, environmental, and genetic factors. Some key contributors to this trend are urbanization, an aging population, reduced levels of physical activity, and an increase in overweight and obesity levels.
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Target buyers of Saudi Arabia continuous glucose monitoring devices market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia continuous glucose monitoring devices market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia continuous glucose monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia continuous glucose monitoring devices market size, by product, 2018-2030 (US$M)
Saudi Arabia Continuous Glucose Monitoring Devices Market Outlook Share, 2022 & 2030 (US$M)
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