The Middle East & Africa Diabetes Care Devices Market has been estimated at USD 1.213 billion in 2015 and is projected to reach USD 1.65 billion by 2020, at a CAGR of 6.34% during the forecast period from 2015 to 2020.Diabetes is a group of metabolic disorders, chronic condition which is associated with abnormally high level of sugar (glucose) in the blood. Middle East and North Africa currently witnesses 35.4million people affected with Diabetes which is going to reach 72.1 million by 2040. The rest of the Africa region witnesses 14.2 million people affected with diabetes and this number is said to reach 34.2 million by 2040.
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In Middle-East & Africa, the market is majorly driven with the rising awareness about disease care. With the rising incidence of chronic diseases there is an increase in demand leading to market growth. But the market here is mainly constrained due to low medical literacy. Health literacy influences important health outcomes, including the acquisition of new disease-specific knowledge, improving self-efficacy and adherence with self-care behaviors. Low health literacy has been consistently associated with worse diabetes knowledge in a variety of settings including ambulatory and hospitalized patients. Diabetes management modules will help in improving health literacy, by enabling them to understand various diagnostics and devices. Therefore, health literacy improvement will help the emerging market like MEA, to poise a good future in Diabetes Care Devices Market. Increasing costs of medical devices is another constraint that’s restricting the sales in this region. The high price of the devices is due to the technology involved in them. In most of the African countries, the reach of medical devices itself is challenging. On top of that, the high price of the devices is a really big burden for the customers, thus, restricting the sales of the devices in this region.
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The Middle-East & Africa diabetes care device market is segmented by type and by country. By type the market has been segmented in to Insulin delivery devices, Diabetes monitoring devices and Diabetes Control Solutions. The products in each of these segments are segregated in the following way: Diabetes Monitoring Devices (Self-blood Monitoring Devices: Blood Glucose Monitoring Devices, Test Strips, Lancets and Hemoglobin A1c Testing Kits; Continuous Glucose Monitoring Devices); Insulin Delivery Devices (Insulin Pens, Insulin Pumps, Jet Injectors and Insulin Syringes) and Diabetes Control Solutions.Based on geography the market is segmented and analysed under the regions of Middle-East and Africa.
Roche Diagnostics, Ascensia, Abbott Laboratories, Novo Nordisk, Johnson & Johnson, Tandem and Terumo are the top companies in MEA Diabetes Care Devices Market.
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