Malaysia Glucometer Market To Be Segmented By Rising Awareness And Government Initiatives Through 2028
Rising
cases of diabetes and Increasing awareness about glucometers are expected to
drive the growth of the Malaysia Glucometer Market during
the forecast period 2024-2028.
According to TechSci Research
report, “Malaysia
Glucometer Market – By Region, Forecast
and Opportunities, 2018-2028”,
the Malaysia
glucometer market is anticipated to grow at a significant rate during the
forecast period 2024-2028. The glucometer market in
Malaysia is witnessing significant growth due to the rising government
initiatives in the country. The Malaysian government has also taken several
initiatives to promote diabetes awareness and management, which has further
contributed to the rising demand for glucometers. The Ministry of Health in
Malaysia has implemented various programs to raise awareness about diabetes,
including national health campaigns, public health education programs, and
community-based interventions. These initiatives aim to promote early detection
of diabetes, encourage healthy lifestyle changes, and improve access to
diabetes care and management. As part of these efforts, the government has
emphasized the importance of self-monitoring of blood glucose levels using
glucometers as a key component of diabetes management, leading to the increased
demand for glucometers. With age, the risk of developing chronic diseases such
as cancer, diabetes, and cardiovascular diseases increases, requiring regular
monitoring and screening. Furthermore, current technological developments in
the healthcare industry, particularly those pertaining to diabetes, is likely
to fuel the Malaysia glucometer market during the forecast period.
However, the cost of glucometers and the
associated consumables such as test strips can be a barrier to access for some
individuals, particularly those from low-income backgrounds, and their low accuracy
may hamper
the growth of the market during the forecast period.
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The Malaysia glucometer
market is segmented into product type, application, end users, and company.
Based on product type, the market is divided into self-monitoring
glucose devices and continuous glucose monitoring devices. The segment self-monitoring glucose devices is expected to witness growth during the forecast period. This is
attributed to the rising healthcare expenditure and technological advancements
in healthcare devices which is anticipated to support market growth in the
future.
Based on application, the market is divided into type 1 diabetes, type 2 diabetes,
and gestational diabetes.
The segment type 2 diabetes is expected to witness growth during
the forecast period. This is attributed to the rising cases of type 2 diabetes among people of Malaysia due
to lifestyle changes.
Based on end user, the market is divided into home care settings, hospital, and others. The hospital segment is
expected to witness growth during the forecast period due to the accuracy of glucose
monitoring devices. As a result, healthcare practitioners are widely adopting glucometers in the outpatient
as well as inpatient hospital settings.
Major
companies operating in the Malaysia glucometer market are:
- Abbott
- Roche
- Johnson &
Johnson
- B. Braun Medical
Industries
- Siemens Healthcare
- Transmedic
Healthcare
- Medtronic
- NovoNordisk
- Dexcom
- Ascensia Diabetes
Care
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“Malaysia glucometer market is expected to witness a
significant growth in the coming years due to the growing number of hospitals in
the nation. In Malaysia, the health care system is controlled by the Ministry
of Health which means that treatments are deemed to be reliable, safe, and effective.
The increasing geriatric population and rising prevalence of chronic diseases associated
with them such as type 1 diabetes, type 2 diabetes, and gestational diabetes will drive a notable market
segment in Malaysia. Also, technological advancements in medical devices are
strengthening the growth of the market, which is expected to grow through 2028”
said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
Malaysia Glucometer Market, By Product Type (Self-Monitoring
Glucose Devices and Continuous Glucose Monitoring Devices), By Application (Type 1 Diabetes, Type 2
Diabetes, Gestational Diabetes), By End User (Home Care Settings, Hospital,
Others), By Region, Competition, Forecast & Opportunities, 2018-2028F has evaluated the future
growth potential of the Malaysia glucometer 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 the Malaysia glucometer market.
Contact
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Website: https://www.techsciresearch.com