Saudi Arabia Point-of-care Glucose Testing Market Size & Outlook
Saudi Arabia point-of-care glucose testing market, 2018-2030 (US$M)
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Saudi Arabia point-of-care glucose testing market highlights
- The Saudi Arabia point-of-care glucose testing market generated a revenue of USD 23.4 million in 2023 and is expected to reach USD 28.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.1% from 2024 to 2030.
- In terms of segment, accu-chek inform ii was the largest revenue generating product in 2023.
- Freestyle Lite is the most lucrative product segment registering the fastest growth during the forecast period.
Point-of-care glucose testing market data book summary
| Market revenue in 2023 | USD 23.4 million |
| Market revenue in 2030 | USD 28.9 million |
| Growth rate | 3.1% (CAGR from 2023 to 2030) |
| Largest segment | Accu-chek inform ii |
| Fastest growing segment | Freestyle Lite |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Accu Check Aviva Meter, Onetouch Verio Flex, I-STAT, Freestyle Lite, Bayer CONTOUR blood glucose monitoring system, True Metrix, Accu-Chek Inform II, StatStrip |
| Key market players worldwide | Roche, Abbott Laboratories, Nipro Corp, Nova Biomedical, ACON Laboratories, Bayer AG, EKF Diagnostics Holdings PLC |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.7% of the global point-of-care glucose testing 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 point-of-care glucose testing 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 50.2 million by 2030.
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Point-of-Care Glucose Testing Market Scope
Point-of-Care Glucose Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia point-of-care glucose testing 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 point-of-care glucose testing market will help companies and investors design strategic landscapes.
Accu-chek inform ii was the largest segment with a revenue share of 18.8% in 2023. Horizon Databook has segmented the Saudi Arabia point-of-care glucose testing market based on accu check aviva meter, onetouch verio flex, i-stat, freestyle lite, bayer contour blood glucose monitoring system, true metrix, accu-chek inform ii, statstrip covering the revenue growth of each sub-segment from 2018 to 2030.
There has been an increase in the number of research surveys targeted toward analyzing the benefits of POC testing over conventional diagnostics in Saudi Arabia. For instance, an observational study was performed in September 2018, wherein the impact of POC testing at triage was studied.
The study concluded that longer waiting times during emergency situations causes excessive crowding, resulting in less accurate results. In addition, a department has been dedicated for POC testing services in King Abdulaziz Medical City (KAMC), National Guard Health Affairs.
This department was established in April 2000 with 10 members forming the committee; these members represent physicians, nursing, laboratory, laboratory information system, quality improvement departments, purchasing, and logistics.
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Target buyers of Saudi Arabia point-of-care glucose testing market databook
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Our clientele includes a mix of point-of-care glucose testing 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 point-of-care glucose testing market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia point-of-care glucose testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia point-of-care glucose testing market size, by product, 2018-2030 (US$M)
Saudi Arabia Point-of-Care Glucose Testing Market Outlook Share, 2023 & 2030 (US$M)
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