The MEA diabetes care devices market is expected to grow from US$ 1,828.78 million in 2022 to US$ 2,551.55 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2022 to 2028.
The emerging markets in the developing countries provide better opportunities for major players to expand their business. Many diabetes care device market players are focusing on the emerging markets in the MEA region due to the increasing prevalence of diabetes and the growing use of diabetes care devices. In emerging countries, medical science has grown rapidly in the past few decades. Furthermore, diabetes treatment has become so popular and common that people are traveling to developing countries for treatment. This is due to excessively high expenses for healthcare in other countries. For instance, health travelers who visit developing countries for medical reasons save 65–80% on health costs compared to the cost in developed countries. Due to several other factors, diabetes treatment has become very cheap in developing countries. Further, government authorities in countries in the region are focusing on strengthening their medical tourism sector, thereby maximizing the flow of revenue. Therefore, the rising medical tourism in developing nations is anticipated to provide lucrative growth opportunities to players operating in the diabetes care devices market during the forecast period across the region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA diabetes care devices market. The MEA diabetes care devices market is expected to grow at a good CAGR during the forecast period.
MEA Diabetes Care Devices Market Revenue and Forecast to 2028 (US$ Million)
MEA Diabetes Care Devices Market Segmentation
The MEA diabetes care devices market is segmented based on type, end user, and country. Based on type, the market is bifurcated into glucose monitoring devices and insulin delivery devices. The glucose monitoring devices segment would dominate the market in 2022. The glucose monitoring devices segment is further segmented into testing strips, glucometer, lancets, and others. Similarly, the insulin delivery devices segment is categorized into insulin pens, insulin syringes, insulin pumps, and others. Based on end user, the MEA diabetes care devices market is bifurcated into homecare and hospitals & clinics. The homecare segment would dominate the market in 2022. Based on country, the MEA diabetes care devices market has been categorized into the UAE, Saudi Arabia, South Africa, and the Rest of MEA. The UAE would dominate the market in 2022.
B. Braun Melsungen AG; BD; Dexcom, Inc.; Eli Lilly and Company.; F. Hoffmann-La Roche Ltd.; Insulet Corporation; Medtronic; Novo Nordisk A/S; Tandem Diabetes Care Inc.; and Terumo Corporation are among the leading companies in the MEA diabetes care devices market.
At 4.3% CAGR, the MEA Diabetes Care Devices Market is speculated to be worth US$ 2,551.55 million by 2028, says The Insight Partners
According to The Insight Partners’ research, the MEA diabetes care devices market was valued at US$ 1,828.78 million in 2022 and is expected to reach US$ 2,551.55 million by 2028, registering an annual growth rate of 4.3% from 2022 to 2028. Rapid technological advancements in diabetes care devices and growing medical tourism in developing countries are the critical factors attributed to the market expansion.
Technological advancements in the healthcare industry are encouraging market players to focus on research and development of insulin delivery devices. There are various methods to deliver insulin into the human body, including needles, insulin pens, and insulin pumps. Insulin pumps are small computerized diabetes management devices connected with a cannula under the skin to deliver a slow and continuous insulin level. Optimal diabetes management depends on accurate glucose monitoring devices. Technological advancements in glucose monitoring devices have resulted in smaller requirements for blood samples with improved accuracy. Furthermore, the ability to transfer data between the blood glucose (BG) meter and insulin delivery devices has been improved. A smart insulin pen is a reusable injector pen with an easy-to-use smartphone app that can assist diabetic people in managing insulin delivery. This intelligent device calculates and tracks doses while also providing patients with helpful reminders. In November 2020, Medtronic plc launched InPen, which relates to real-time Guardian Connect CGM data. The continuous research in insulin pens supports the growth of the diabetes care devices market during the forecast period. Pen needles and syringes are the most used device for injecting insulin into diabetic patients. Various manufacturers are developing innovative products to sustain in the highly fragmented needle market. Moreover, the easy regulatory approvals have led to mid-sized companies entering the market and competing with the local and established players. The development of pen needles with precise lubrication to reduce the pain sensation has been another focus of manufacturers during the research. Thus, the technological advancements and the increasing influx of new products into the market are expected to propel the growth of the market over the forecast years.
On the contrary, high cost of diabetes care devices hurdles the growth of MEA diabetes care devices market.
Based on type, the MEA diabetes care devices market is bifurcated into glucose monitoring devices and insulin delivery devices. The glucose monitoring devices segment held 54.8% market share in 2022, amassing US$ 1,002.01 million. It is projected to garner US$ 1,421.38 million by 2028 to expand at 4.5% CAGR during 2022–2028. The glucose monitoring devices segment is further segmented into testing strips, glucometer, lancets, and others. Similarly, the insulin delivery devices segment is segmented into insulin pens, insulin syringes, insulin pumps, and others.
Based on end user, the MEA diabetes care devices market is bifurcated into homecare and hospitals & clinics. The homecare segment held 60.3% market share in 2022, amassing US$ 1,103.21 million. It is projected to garner US$ 1,558.16 million by 2028 to expand at 4.4% CAGR during 2022–2028.
Based on country, the MEA diabetes care devices market has been categorized into the UAE, Saudi Arabia, South Africa, and rest of MEA. Our regional analysis states that the UAE captured 41.2% market share in 2022. It was assessed at US$ 752.98 million in 2022 and is likely to hit US$ 1,075.79 million by 2028, exhibiting a CAGR of 4.6% during the forecast period.
Key players dominating the MEA diabetes care devices market are B. Braun Melsungen AG; BD; Dexcom, Inc.; Eli Lilly and Company.; F. Hoffmann-La Roche Ltd.; Insulet Corporation; Medtronic; Novo Nordisk A/S; Tandem Diabetes Care Inc.; and Terumo Corporation among others.
In Feb 2022, Insulet Corporation, the global leader in tubeless insulin pump technology with its Omnipod brand of products, is celebrating representation and inclusion for the diabetes community through an activation in the popular Nintendo video game Animal Crossing: New Horizons. In May 2021, Roche and Lilly will integrate data from Lilly’s connected insulin pen solution into the mySugr app in several countries. Both companies are dedicated to driving new possibilities to ease the complexity of daily decision making for people with diabetes on insulin pen therapy and their healthcare professionals. By collaborating with Lilly, Roche accelerates growth of its open ecosystem enabling its strategy of integrated Personalised Diabetes Management (iPDM).
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 MEA Diabetes Care Devices Market – By Type
1.3.2 MEA Diabetes Care Devices Market – By End User
1.3.3 MEA Diabetes Care Devices Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Diabetes Care Devices Market – Market Landscape
4.1 Overview
4.2 MEA PEST Analysis
4.3 Expert Opinion
5. MEA Diabetes Care Devices Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Incidence of Diabetes
5.1.2 Growing Geriatric Population
5.2 Market Restraints
5.2.1 High Cost of Diabetes Care Devices
5.3 Market Opportunities
5.3.1 Growing Medical Tourism in Developing Countries
5.4 Future Trends
5.4.1 Rapid Technological Advancements in Diabetes Care Devices
5.5 Impact Analysis
6. Diabetes Care Devices Market– MEA Analysis
6.1 MEA Diabetes Care Devices Market Revenue Forecast and Analysis
7. MEA Diabetes Care Devices Market Analysis – By Type
7.1 Overview
7.2 MEA Diabetes Care Devices Market Revenue and Forecasts Analysis, By Type (US$ Mn)
7.3 Glucose Monitoring Devices Market
7.3.1 Overview
7.3.2 Glucose Monitoring Devices Market Revenue and Forecast to 2028 (US$ Mn)
7.3.3 Testing Strips Market
7.3.3.1 Overview
7.3.3.2 Testing Strips Market Revenue and Forecast to 2028 (US$ Mn)
7.3.4 Glucometers Market
7.3.4.1 Overview
7.3.4.2 Glucometers Market Revenue and Forecast to 2028 (US$ Mn)
7.3.5 Lancets Market
7.3.5.1 Overview
7.3.5.2 Lancets Market Revenue and Forecast to 2028 (US$ Mn)
7.3.6 Other Glucose Monitoring Devices Market
7.3.6.1 Overview
7.3.6.2 Other Glucose Monitoring Devices Market Revenue and Forecast to 2028 (US$ Mn)
7.4 Insulin Delivery Devices Market
7.4.1 Overview
7.4.2 Insulin Delivery Devices Market Revenue and Forecast to 2028 (US$ Mn)
7.4.3 Insulin Pens Market
7.4.3.1 Overview
7.4.3.2 Insulin Pens Market Revenue and Forecast to 2028 (US$ Mn)
7.4.4 Insulin Syringes Market
7.4.4.1 Overview
7.4.4.2 Insulin Syringes Market Revenue and Forecast to 2028 (US$ Mn)
7.4.5 Insulin Pumps Market
7.4.5.1 Overview
7.4.5.2 Insulin Pumps Market Revenue and Forecast to 2028 (US$ Mn)
7.4.6 Other Insulin Delivery Devices Market
7.4.6.1 Overview
7.4.6.2 Other Insulin Delivery Devices Market Revenue and Forecast to 2028 (US$ Mn)
8. MEA Diabetes Care Devices Market Analysis– By End User
8.1 Overview
8.2 MEA Diabetes Care Devices Market Revenue and Forecasts Analysis, By End User (US$ Mn)
8.3 Homecare Market
8.3.1 Overview
8.3.2 Homecare Market Revenue and Forecasts to 2028 (US$ Mn)
8.4 Hospitals & Clinics Market
8.4.1 Overview
8.4.2 Hospitals & Clinics Market Revenue and Forecasts to 2028 (US$ Mn)
9. MEA Diabetes Care Devices Market – Country Analysis
9.1 MEA: Diabetes Care Devices Market
9.1.1 Overview
9.1.2 MEA: Diabetes Care Devices Market, by Country, 2022 & 2028 (%)
9.1.2.1 Saudi Arabia: Diabetes Care Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.1.1 Overview
9.1.2.1.1 Saudi Arabia: Diabetes Care Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.1.2 Saudi Arabia: Diabetes Care Devices Market, by Type, 2019–2028 (USD Million)
9.1.2.1.2.1 Saudi Arabia: Diabetes Care Devices Market, by Glucose Monitoring Devices Type, 2019–2028 (USD Million)
9.1.2.1.2.2 Saudi Arabia: Diabetes Care Devices Market, by Insulin Delivery Devices Type, 2019–2028 (USD Million)
9.1.2.1.3 Saudi Arabia: Diabetes Care Devices Market, by End User, 2019–2028 (USD Million)
9.1.2.2 UAE: Diabetes Care Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.2.1 Overview
9.1.2.2.2 UAE: Diabetes Care Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.2.3 UAE: Diabetes Care Devices Market, by Type, 2019–2028 (USD Million)
9.1.2.2.3.1 UAE: Diabetes Care Devices Market, by Glucose Monitoring Devices Type, 2019–2028 (USD Million)
9.1.2.2.3.2 UAE: Diabetes Care Devices Market, by Insulin Delivery Devices Type, 2019–2028 (USD Million)
9.1.2.2.4 UAE: Diabetes Care Devices Market, by End User, 2019–2028 (USD Million)
9.1.2.3 South Africa: Diabetes Care Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.3.1 Overview
9.1.2.3.2 South Africa: Diabetes Care Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.3.3 South Africa: Diabetes Care Devices Market, by Type, 2019–2028 (USD Million)
9.1.2.3.3.1 South Africa: Diabetes Care Devices Market, by Glucose Monitoring Devices Type, 2019–2028 (USD Million)
9.1.2.3.3.2 South Africa: Diabetes Care Devices Market, by Insulin Delivery Devices Type, 2019–2028 (USD Million)
9.1.2.3.4 South Africa: Diabetes Care Devices Market, by End User, 2019–2028 (USD Million)
9.1.2.4 Rest of MEA: Diabetes Care Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.4.1 Overview
9.1.2.4.2 Rest of MEA: Diabetes Care Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.2.4.3 Rest of MEA: Diabetes Care Devices Market, by Type, 2019–2028 (USD Million)
9.1.2.4.3.1 Rest of MEA: Diabetes Care Devices Market, by Glucose Monitoring Devices Type, 2019–2028 (USD Million)
9.1.2.4.3.2 Rest of MEA: Diabetes Care Devices Market, by Insulin Delivery Devices Type, 2019–2028 (USD Million)
9.1.2.4.4 Rest of MEA: Diabetes Care Devices Market, by End User, 2019–2028 (USD Million)
10. Industry Landscape
10.1 Overview
10.2 Organic Developments
10.2.1 Overview
10.3 Inorganic Developments
10.3.1 Overview
11. Company Profiles
11.1 BD
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Novo Nordisk A/S
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 B. Braun Melsungen AG
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Medtronic
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Tandem Diabetes Care Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Insulet Corporation
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Eli Lilly and Company.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Dexcom, Inc.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Terumo Corporation
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 F. Hoffmann-La Roche Ltd.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES.
Table 1. MEA Diabetes Care Devices Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. Saudi Arabia: Diabetes Care Devices Market, by Type, 2019–2028 (USD Million)
Table 3. Saudi Arabia: Diabetes Care Devices Market, by Glucose Monitoring Devices Type, 2019–2028 (USD Million)
Table 4. Saudi Arabia: Diabetes Care Devices Market, by Insulin Delivery Devices Type, 2019–2028 (USD Million)
Table 5. Saudi Arabia: Diabetes Care Devices Market, by End User, 2019–2028 (USD Million)
Table 6. UAE: Diabetes Care Devices Market, by Type, 2019–2028 (USD Million)
Table 7. UAE: Diabetes Care Devices Market, by Glucose Monitoring Devices Type, 2019–2028 (USD Million)
Table 8. UAE: Diabetes Care Devices Market, by Insulin Delivery Devices Type, 2019–2028 (USD Million)
Table 9. UAE: Diabetes Care Devices Market, by End User, 2019–2028 (USD Million)
Table 10. South Africa: Diabetes Care Devices Market, by Type, 2019–2028 (USD Million)
Table 11. South Africa: Diabetes Care Devices Market, by Glucose Monitoring Devices Type, 2019–2028 (USD Million)
Table 12. South Africa: Diabetes Care Devices Market, by Insulin Delivery Devices Type, 2019–2028 (USD Million)
Table 13. South Africa: Diabetes Care Devices Market, by End User, 2019–2028 (USD Million)
Table 14. Rest of MEA: Diabetes Care Devices Market, by Type, 2019–2028 (USD Million)
Table 15. Rest of MEA: Diabetes Care Devices Market, by Glucose Monitoring Devices Type, 2019–2028 (USD Million)
Table 16. Rest of MEA: Diabetes Care Devices Market, by Insulin Delivery Devices Type, 2019–2028 (USD Million)
Table 17. Rest of MEA: Diabetes Care Devices Market, by End User, 2019–2028 (USD Million)
Table 18. Organic Developments Done By Companies
Table 19. Inorganic Developments Done By Companies
Table 20. Glossary of Terms
LIST OF FIGURES.
Figure 1. MEA Diabetes Care Devices Market Segmentation
Figure 2. MEA Diabetes Care Devices Market Segmentation, By Country
Figure 3. MEA Diabetes Care Devices Market Overview
Figure 4. MEA Diabetes Care Devices Market, By Type
Figure 5. MEA Diabetes Care Devices Market, By Country
Figure 7. MEA: PEST Analysis
Figure 8. Experts’ Opinion
Figure 9. MEA Diabetes Care Devices Market: Impact Analysis of Drivers and Restraints
Figure 10. MEA Diabetes Care Devices Market– Revenue Forecast and Analysis
Figure 11. MEA Diabetes Care Devices Market Revenue and Forecast Analysis, By Type 2022 and 2028 (%)
Figure 12. MEA Glucose Monitoring Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 13. MEA Testing Strips Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. MEA Glucometers Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 15. MEA Lancets Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 16. MEA Other Glucose Monitoring Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. MEA Insulin Delivery Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. MEA Insulin Pens Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. MEA Insulin Syringes Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. MEA Insulin Pumps Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 21. MEA Others Insulin Delivery Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 22. MEA Diabetes Care Devices Market Revenue and Forecast Analysis, by End User 2022 & 2028 (%)
Figure 23. MEA Homecare Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 24. MEA Hospitals & Clinics Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. MEA: Diabetes Care Devices Market, by Key Country – Revenue (2022) (USD Million)
Figure 26. MEA: Diabetes Care Devices Treatment Market, by Country, 2022 & 2028 (%)
Figure 27. Saudi Arabia: Diabetes Care Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 28. UAE: Diabetes Care Devices Treatment Market – Revenue and Forecast to 2028 (USD Million)
Figure 29. South Africa: Diabetes Care Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 30. Rest of MEA: Diabetes Care Devices Market – Revenue and Forecast to 2028 (USD Million)
