South Africa Insulin Delivery Devices Market Size & Outlook
South Africa insulin delivery devices market, 2018-2030 (US$M)
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South Africa insulin delivery devices market highlights
- The South Africa insulin delivery devices market generated a revenue of USD 146.8 million in 2023 and is expected to reach USD 229.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.6% from 2024 to 2030.
- In terms of segment, insulin pens was the largest revenue generating product in 2023.
- Insulin Pumps is the most lucrative product segment registering the fastest growth during the forecast period.
Insulin delivery devices market data book summary
| Market revenue in 2023 | USD 146.8 million |
| Market revenue in 2030 | USD 229.1 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Insulin pens |
| Fastest growing segment | Insulin Pumps |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Insulin Pens, Insulin Pumps, Insulin Pen Needles, Insulin Syringes |
| Key market players worldwide | Novo Nordisk A/S ADR, Sanofi SA, Eli Lilly and Co, Ypsomed Holding AG, Medtronic PLC, Abbott Laboratories, Roche, Biocon, Wockhardt |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.9% of the global insulin delivery 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 insulin delivery 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 229.1 million by 2030.
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Insulin Delivery Devices Market Scope
Insulin Delivery Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa insulin delivery 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 insulin delivery devices market will help companies and investors design strategic landscapes.
Insulin pens was the largest segment with a revenue share of 44.21% in 2023. Horizon Databook has segmented the South Africa insulin delivery devices market based on insulin pens, insulin pumps, insulin pen needles, insulin syringes covering the revenue growth of each sub-segment from 2018 to 2030.
According to the IDF Diabetes Atlas 2021, diabetes affects approximately one in nine adults in South Africa. The primary indicator of diabetes is the presence of imbalances in blood glucose levels that do not meet the standard levels.
Although diagnostic tests can help diagnose the disease, only physicians can accurately interpret the results. Patients who experience frequent fluctuations in glucose levels need to get their levels checked daily.
Those who take insulin injections must monitor their blood glucose levels frequently, adjust their insulin doses, or switch medications if necessary. The growing trend of urbanization, coupled with unhealthy dietary habits and reduced physical activity, has significantly contributed to the rise of obesity cases.
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Our clientele includes a mix of insulin delivery 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 insulin delivery devices market , including forecasts for subscribers. This country databook contains high-level insights into South Africa insulin delivery devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa insulin delivery devices market size, by insulin pen needles, 2018-2030 (US$M)
South Africa Insulin Delivery Devices Market Outlook Share, 2023 & 2030 (US$M)
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