UAE Blood Glucose Monitoring Devices Market to Grow With Impressive CAGR until 2027
UAE Blood Glucose Monitoring Devices Market is anticipated to grow with increasing investments in the healthcare advancements, in the forecast period, 2023-2027F.
According to TechSci report on, “UAE Blood Glucose Monitoring Devices Market - By Region, Competition Forecast & Opportunities, 2027” UAE blood glucose monitoring devices market might register an impressive CAGR during the forecast period, 2023-2027, to establish growth due to factors like increasing instances of diabetes. Rapidly growing population that suffers from the type 1 diabetes is a major factor that drives the growth of the UAE blood glucose monitoring devices market in the upcoming five years. Demand for non-invasive medical equipment that can calculate and monitor blood glucose levels also supports the growth of the UAE blood glucose monitoring devices market in the next five years. Consistent research and technological advancements in the product and its development further aids market growth. Advancements like non-invasive, minimally invasive nature of the products, higher accuracy of the devices, battery powered products, mobile application based analysis and data keeping, etc. further aided the growth of the UAE blood glucose monitoring devices market in the future five years. Increasing imports of medical devices through global partners in the country, growing investment in the product transportation along with the localized manufacturing of the product with collaborations with the global market players would further substantiate the growth of the UAE blood glucose monitoring devices market in the forecast years through 2027F.
Rising concern among the population regarding diabetes’ ill effects and anticipated risks toward other infectious diseases, majorly among the geriatric population who are highly susceptible to both type 1 as well as type 2 diabetes would aid the growth of the UAE blood glucose monitoring devices market in the forecast period. Also, consumers demand to keep a regular check on their sugar level, family histories of diabetes and general awareness toward lower consumption of sugar would upsurge the growth of the UAE blood glucose monitoring devices market in the future five years.
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The UAE blood glucose monitoring devices market is segmented by product type, application, end user, competitional landscape, and regional distribution. Based on product type, the market is bifurcated into self-blood glucose monitoring devices and continuous glucose monitoring devices. Self-blood glucose monitoring devices includes glucometers, test strips, and lancets. Self-blood glucose monitoring devices are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years due to increasing demands for glucometers. Among the sub-segments glucometers are anticipated to hold largest revenue shares due to technological advancements. Smartphone based applications that record the data, acts as display screen for the glucometer, and record keeping and sharing with online platforms such that regular reports could be made to the doctors, all aid the growth of the UAE blood glucose monitoring devices market in the next five years. Continuous glucose monitoring devices include sensors, transmitters & receivers, and integrated insulin pumps. Continuous glucose monitoring devices may register significant growth due to increasing demand for the wearable monitoring devices among the population. Sensors would hold the largest revenue among the sub-segment since the equipment requires periodic changes and thus increasing the demand for the same.
By application, the market is further segmented into type 1 diabetes, type 2 diabetes, and gestational diabetes. Type 2 diabetes is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years due to increasing patients suffering from type 2 diabetes. 91.2% of the patients are suffering from type 2 diabetes in the country. Sedentary lifestyle, poor eating habits, excessive consumption of sugar-related food, and fast food aids to the development of type 2 diabetes among the population in their life duration. Type 1 diabetes accounts for 5.6% of diabetes cases in the country, which is a genetic disorder type, also known as autoimmune diabetes. Loss of pancreatic β-cells due to immune system attacking them leads to hyperglycemia and thus increasing the cases of type 1 diseases.
A partial list of major market players of the UAE blood glucose monitoring devices market includes :
· Abbott Laboratories SA
· Roche Diagnostics Middle East FZCO
· Johnson & Johnson Middle East FZ-LLC
· Medtronic Meta FZ-LLC
· Becton, Dickinson, and Company UAE
· Nipro Middle East FZE
· B. Braun Medical Gulf FZ-LLC
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“The consumers are aware about their health as well as the healthcare equipment and services available for them. Moreover, diabetes requires lifelong supplies of pharmaceutical & therapeutics along with the related medical devices. These factors would support the growth of the UAE blood glucose monitoring devices market in the upcoming five years. Home care settings would generate highest demands since regular hospital visits are not required and advanced technology has aided the devices with easier graphic user interface (GUI) such that patients can themselves monitor their sugar levels and maintain records for future reference,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“UAE Blood Glucose Monitoring Devices Market By Product Type (Self Blood Glucose Monitoring Devices {Glucometers, Test Strips, Lancets} v/s Continuous Glucose Monitoring Devices {Sensors, Transmitters & Receivers, Integrated Insulin Pumps}), By Application (Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes), By End User (Home Care Settings, Hospital, Others), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of UAE blood glucose monitoring devices market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in UAE blood glucose monitoring devices market.
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