South Africa Diabetes Devices Market Size & Outlook
South Africa diabetes devices market, 2018-2030 (US$M)
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South Africa diabetes devices market highlights
- The South Africa diabetes devices market generated a revenue of USD 268.0 million in 2023 and is expected to reach USD 479.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.7% 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 268.0 million |
| Market revenue in 2030 | USD 479.2 million |
| Growth rate | 8.7% (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, South Africa accounted for 0.9% 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 |
|---|
South Africa 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 54.18% in 2023. Horizon Databook has segmented the South Africa 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.
According to a report by the South African Medical Research Council, published in March 2021, the country is well-positioned to expand its medical device manufacturing. However, barriers, such as low R&D investments and fragmented industry, are limiting the market growth in the country.
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Our clientele includes a mix of diabetes devices market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa diabetes devices market , including forecasts for subscribers. This country databook contains high-level insights into South Africa diabetes devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa diabetes devices market size, by type, 2018-2030 (US$M)
South Africa Diabetes Devices Market Outlook Share, 2023 & 2030 (US$M)
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