Saudi Arabia blood glucose monitoring
devices market is anticipated to grow with an impressive CAGR until 2027. The
market growth can be attributed to growing number of diabetic patient and
rising geriatric population that is more prone to diabetes. Factors like increasing
awareness about the diabetes preventive care and latest product launches are
propelling the market growth further in the upcoming five years.
Blood glucose monitoring devices as the
name describe are used to record, the rising or decreasing blood sugar level
for a patient. It is a regulatory device that can calculate the glucose level
in blood without any invasive procedure. Blood glucose monitoring devices are
economically benefitting and is crucial for diagnosis and treatment of various
cardiovascular problems. Rising prevalence of chronic diseases like neuropathy,
retinopathy are also major drivers that are actively influencing the Saudi
Arabia blood glucose monitoring devices market growth in the next five years.
Moreover, government aid toward
reimbursement of the diagnostic and treatment procedures would support the
market growth. Technologically advanced products are also flooding the market,
with products that are with better user interface, compatible with the
smartphones etc. are some other growth propelling factors.
Saudi Arabia blood glucose monitoring
devices market segmentation is based on product type, application, end user,
regional distribution, and competitional landscape. Based on product type the
market is further segmented into self-blood glucose monitoring devices and
continuous glucose monitoring devices. Self-blood glucose monitoring devices is
anticipated to assert its dominance over the market in the upcoming five years
owing its growth to the ease of use, and cost efficiency of the product. The
segment is further fragmented into glucometer, lancets, and test strips.
Some of the top players in the Saudi
Arabia blood glucose monitoring devices market are, Abbott Saudi Arabia, Roche
Diagnostics Saudi Arabia LLC, Johnson & Johnson Medical Saudi Arabia
Limited, Medtronic Saudi Arabia Co., Becton, Dickinson, and Company Saudi
Arabia, Nipro Middle East FZE, Mediserv (B.Braun), VitalAire Arabia, Sanofi
Aventis Arabia Co. Ltd, Bayer Saudi Arabia, among others. The companies are
involving themselves into research and development for the methods of better
quality, to provide better products.
Objective
of the Study:
- To
analyze the historical growth of the
market size of Saudi Arabia blood glucose monitoring devices market from 2017
to 2020.
- To
estimate and forecast the market size of Saudi Arabia blood glucose
monitoring devices market from 2021 to 2027 and growth rate until 2027.
- To classify and
forecast Saudi Arabia blood glucose monitoring devices market based on product
type, application, end user, regional distribution, and competitional
landscape.
- To identify dominant region or segment in the Saudi Arabia blood
glucose monitoring devices market.
- To
identify drivers and challenges for Saudi Arabia blood glucose monitoring
devices market.
- To
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in Saudi Arabia blood glucose monitoring
devices market.
- To identify and analyze the profile
of leading players operating in Saudi Arabia blood glucose monitoring devices market.
- To identify key sustainable strategies adopted by market players in
Saudi Arabia blood glucose monitoring devices market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers, suppliers, and service providers across the country.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the manufactures which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the manufactures, distribution
channels and presence of all major players across the country.
TechSci Research calculated the market size of Saudi Arabia blood glucose monitoring devices market using a bottom-up approach,
wherein data for various end-user segments was recorded and forecast for the
future years. TechSci Research sourced these values from the industry experts
and company representatives and externally validated through analyzing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key
Target Audience:
- Blood glucose monitoring devices manufacturers, end users, and
other stakeholders
- Distributers and suppliers of the products and other stakeholders
- Organizations, forums, and alliances related to blood glucose
monitoring devices products
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers, end users, etc., besides allowing them in strategizing investments
and capitalizing on market opportunities.
|
Attribute
|
Details
|
|
Base
Year
|
2021
|
|
Historical
Years
|
2017 –
2020
|
|
Estimated
Year
|
2022E
|
|
Forecast
Period
|
2023F –
2027F
|
|
Quantitative
Units
|
Revenue in
USD Million and CAGR for 2017-2021 and 2022E-2027F
|
|
Report
Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments
Covered
|
·
Product
Type
·
Application
·
End
User
|
|
Region
Scope
|
Western
Region, Northern & Central Region, Eastern Region and Southern Region
|
|
Key
Companies Profiled
|
Abbott Saudi
Arabia, Roche Diagnostics Saudi Arabia LLC, Johnson & Johnson Medical
Saudi Arabia Limited, Medtronic Saudi Arabia Co., Becton, Dickinson, and
Company Saudi Arabia, Nipro Middle East FZE, Mediserv (B.Braun), VitalAire
Arabia, Sanofi Aventis Arabia Co. Ltd, Bayer Saudi Arabia.
|
|
Customization
Scope
|
10% free
report customization with purchase. Addition or alteration to regional &
segment scope.
|
|
Pricing
and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
|
Report Scope:
In this report, Saudi Arabia blood glucose monitoring devices market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- Saudi Arabia Blood
Glucose Monitoring Devices Market, By Product Type:
- Self-Blood Glucose Monitoring Devices
- Glucometers
- Test Strips
- Lancets
- Continuous Glucose Monitoring Devices
- Sensors
- Transmitters & Receivers
- Integrated Insulin Pumps
- Saudi Arabia Blood
Glucose Monitoring Devices Market, By Application:
- Type 1 Diabetes
- Type 2 Diabetes
- Gestational Diabetes
- Saudi Arabia Blood Glucose
Monitoring Devices Market, By End User:
o Home Care Settings
o Hospital
o Others
- Saudi Arabia Blood Glucose
Monitoring Devices Market, By Region:
- Western Region
- Northern & Central Region
- Eastern Region
- Southern Region
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Saudi Arabia blood glucose monitoring devices market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of additional
market players (up to five).
Saudi Arabia Blood Glucose
Monitoring Devices Market is an upcoming report to be released soon. If you
wish an early delivery of this report or want to confirm the date of release,
please contact us at [email protected]