Egypt Glucometers Market is Expected to be Influenced by Self-Glucose Monitoring Glucometers through 2028
Rising incidences of diabetes are expected to drive the
growth of the Egypt Glucometers Market in the forecast period, 2018-2028.
According to TechSci
Research report, “Egypt Glucometers - By Region, Forecast and Opportunities, 2018-2028”, the Egypt Glucometers Market is
anticipated to expand at a remarkable rate during the forecast period. The main
causes are an increase in the prevalence of diabetes, a rise in diabetes
management awareness, government initiatives, technology developments, and
rising healthcare costs.
The
high prevalence of diabetes in Egypt is driving demand for diabetes management
tools like glucometers. Technological advancements in glucometers are making
them more accurate, user-friendly, and accessible, increasing their appeal to
consumers. The COVID-19 pandemic has increased demand for glucometers as people
are required to monitor their blood glucose levels at home due to the closure
of healthcare facilities. The availability of diabetes management services is
increasing, making it easier for people with diabetes to access diabetes
management tools like glucometers.
The
COVID-19 pandemic had a significant impact on the Egypt glucometer market. Due
to the pandemic's effects on the country's economy and healthcare system, the
demand for glucometers in Egypt had declined in the early stages of the
outbreak.
However,
as the pandemic progressed, the demand for home-based healthcare devices,
including glucometers, increased in Egypt as people avoided hospitals and
clinics to reduce the risk of infection. This led to a surge in sales of
glucometers in the country.
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data Figures spread through 70 Pages and an in-depth TOC on "Egypt Glucometers Market”
The Egypt
Glucometers Market can be segmented by product type, technique, type,
distribution channel, end user, region and competitive landscape.
Based on product
type, the market can be bifurcated into Self Glucose Monitoring Glucometers and
Continuous Glucose Monitoring Glucometers. The self-glucose monitoring glucometers
segment is expected to dominate the glucometer market in Egypt in the coming
years due to several factors. Self-monitoring glucometers are the most
commonly used type of glucometers, particularly for people with type 2 diabetes
who do not require intensive insulin therapy. This segment is likely to remain
dominant as it caters to a large portion of the population with diabetes. Self-glucose
monitoring glucometers are cost-effective compared to other types of
glucometers. In Egypt, where the majority of people with diabetes are from
low-income backgrounds, cost is a significant factor in choosing a glucometer.
Self-monitoring glucometers are affordable and widely available, making them
the preferred option for many people with diabetes in Egypt.
In terms of type,
the market can be split into Wearable and Non-Wearable. Non-wearable
glucometers segment is expected to dominate the Egypt glucometer market in the coming
years because they are more affordable than wearable glucometers, which makes
them more accessible option for consumers. Non-wearable glucometers are
typically simple to operate and require minimal training, making them a more
practical choice for individuals who may not be as tech-savvy or may have
difficulty using more complex devices.
Based on the distribution
channel, the market can be classified into following categories, Hospital
Pharmacies, Retail Outlet, Online, and Others. The online segment will dominate in the
forecast period as it is a convenient way for consumers to purchase products
without having to leave their homes. E-platforms provide wider
access to a larger variety of products, making it easier for consumers to find
the specific glucometer that they need. Moreover, online platforms may
offer competitive pricing due to lower overhead costs compared to traditional
brick-and-mortar stores. This can lead to lower prices for consumers, which can
make purchasing a glucometer more affordable.
Major companies
operating in Egypt Glucometers Market include:
- Abbott Laboratories Egypt
- Bayer Egypt
- Arkray Egypt
- Novo Nordisk A/S
- Johnson & Johnson
- F. Hoffmann-La Roche AG
- LifeScan
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“The Egypt glucometer market has been growing steadily due to
the rising prevalence of diabetes in the country and the increasing demand for
home-based healthcare devices. The market is primarily dominated by
international players such as Roche, Abbott Laboratories, and LifeScan, which
hold a significant market share due to their established brand presence and
technological advancements in their products. However, local players are also
emerging in the market, offering more affordable options for consumers. The
future of the Egypt glucometers market looks promising, as the government has
been making efforts to improve healthcare access and awareness, and the demand
for home-based healthcare devices is expected to continue to increase in the
coming years.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Egypt
Glucometers Market By Product Type (Self-Glucose Monitoring Glucometers v/s
Continuous Glucose Monitoring Glucometers), By Technique (Invasive v/s
Non-Invasive), By Type (Wearable v/s Non-Wearable), By Distribution Channel
(Hospital Pharmacies, Retail Outlet, Online, Others), By End User (Hospitals
& Clinics, Diagnostic Centers, Home Care, Others), By Region, Competition
Forecast & Opportunities, 2028,” has evaluated the future growth
potential of Egypt Glucometers 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 Egypt
Glucometers Market.
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