Saudi Arabia Diabetes Devices Market Size & Outlook
Saudi Arabia diabetes devices market, 2018-2030 (US$M)
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Saudi Arabia diabetes devices market highlights
- The Saudi Arabia diabetes devices market generated a revenue of USD 183.8 million in 2023 and is expected to reach USD 319.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, insulin delivery devices was the largest revenue generating type in 2023.
- Insulin Delivery Devices is the most lucrative type segment registering the fastest growth during the forecast period.
Diabetes devices market data book summary
| Market revenue in 2023 | USD 183.8 million |
| Market revenue in 2030 | USD 319.3 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Insulin delivery devices |
| Fastest growing segment | Insulin Delivery Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Blood Glucose Monitoring (BGM) Devices, Insulin Delivery Devices |
| Key market players worldwide | Medtronic PLC, Abbott Laboratories, Roche Holding AG, Bayer AG, Johnson & Johnson, B. Braun, DexCom Inc, Insulet Corp, Ypsomed Holding AG, Sanofi SA, Novo Nordisk A/S ADR, Arkray |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.6% of the global diabetes devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa diabetes 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 479.2 million by 2030.
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Diabetes Devices Market Scope
Diabetes Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia diabetes 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 diabetes devices market will help companies and investors design strategic landscapes.
Insulin delivery devices was the largest segment with a revenue share of 54.19% in 2023. Horizon Databook has segmented the Saudi Arabia diabetes devices market based on blood glucose monitoring (bgm) devices, insulin delivery devices covering the revenue growth of each sub-segment from 2018 to 2030.
Technological innovation is a key factor driving changes in the healthcare industry in the country at a significant rate. The country is focusing on the digitalization of healthcare by leveraging innovative technologies, such as AI, big data, and cloud computing.
Moreover, major global players are opting for regulatory clearance to launch their products to cater to the growing demand for diabetes devices in the country. For instance, in October 2022, Nemaura Medical, Inc. received a provisional purchase order for the sugarBEAT system from TPMENA, its licensee firm in MENA (Middle East/North Africa).
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Target buyers of Saudi Arabia diabetes devices market databook
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Our clientele includes a mix of diabetes 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 diabetes devices market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia diabetes devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia diabetes devices market size, by type, 2018-2030 (US$M)
Saudi Arabia Diabetes Devices Market Outlook Share, 2023 & 2030 (US$M)
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