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GCC Diabetes Care Devices Market Worth 1459 Million in 2026 – GMI Research

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GCC Diabetes Care Devices Market Worth 1459 Million in 2026 – GMI Research

March 19
17:19 2020
GCC Diabetes Care Devices Market Worth 1459 Million in 2026 - GMI Research

GCC (Saudi Arabia, UAE, Oman) Diabetes Care Devices Market Worth 1459 Million in 2026 – GMI Research
New analysis from GMI Research, expects the revenue for the GCC Diabetes Care Devices market estimated at USD 829 million in 2018 and the market is estimated to reach 1459 million by 2026, growing at a compound annual growth rate (CAGR) of 7.4% during the forecast period 2019-2026.

The key factors propelling the growth of the GCC Diabetes Care Devices Market include the growing prevalence of diabetes & obesity, favourable investment initiatives by the government of key economies such as U.A.E and Saudi Arabia pertaining to the development of healthcare sector as well as rising technological advancements. According to the International Diabetes Federation (IDF), the prevalence rate of the diabetes disease amounted to 23.9% in Saudi Arabia, 23.1% in Kuwait, and 19.8% in Qatar. Obesity is drastically increasing across the region, with 60% of the patients are adults and 40% are below the age of 18.

Request Sample Report of GCC Diabetes Care Devices Market: https://www.gmiresearch.com/report/gcc-diabetes-care-devices-market/sample-request

The rising investment in the healthcare sector will have a positive impact on the growing demand for the GCC Diabetes Care Devices Market over the coming years. The diabetes care device manufacturers are mainly focusing on technological development in the product to deliver more accurate results. The continuous product innovation will attract a large number of consumers to opt for advanced devices across the GCC countries. In addition to this, rapid urbanization and high disposable income of the middle-class families is encouraging the customers to adopt for diabetes care devices for regular self-monitoring and tracking of diabetes. On the other hand, the growing consumer awareness regarding the side effects associated with some of the diabetes care devices will hamper the growth of the market during the forecast period.

Know more about the GCC Diabetes Care Devices Market: https://www.gmiresearch.com/report/gcc-diabetes-care-devices-market/

The blood glucose monitoring devices are anticipated to lead the market during the forecast period owing to the increased demand for technologically advanced diabetes care devices. The glucose monitoring devices provide accurate measurement of the glucose level and gives a warning if the glucose level goes too low or too high. The insulin delivery devices segment is expected to grow at a higher CAGR during the forecast period due to the growing adoption of these devices among the healthcare professionals and patients driven by its remarkable advantages such as high stability and technological advanced properties.

The home care settings segment is expected to grow at a higher CAGR during the forecast period due to its user-friendly feature at an affordable price range. The end-users have significantly shifted towards the usage of diabetes care devices at home rather than going to clinics or healthcare centers for regular health check-up. Moreover, the continuous technological advancement in these devices, followed by the increasing research and development activities to make the devices more user-friendly will further drive the demand of the market over the coming years.

Saudi Arabia region is anticipated to lead the GCC diabetes care devices market in 2018 owing to the increasing government and private funding towards healthcare infrastructure in GCC countries. The rising aging population and the growing consumer awareness regarding the benefits offered by these devices will encourage the consumers towards the usage of diabetes care devices during the forecast period. The rapid advancement in technologies, along with the numerous initiatives taken by the government to spread awareness, will further propel the demand of these devices in the region.

Major key players in the GCC diabetes care devices market include Abbott Laboratories, Becton Dickinson and Company, Bayer Healthcare, Roche Holding AG, Medtronic plc, Dexcom Inc., Biotronik SE, and GlaxoSmithKline among others.

The GCC Diabetes Care Devices market has been segmented on the basis of product type, end-user, and countries. Based on the product type, the market is segmented into blood glucose monitoring device and insulin delivery device. Based on the end-user, the market is segmented into homecare settings, hospitals, and others. The other segment is further segmented into clinics and ambulatory surgical centers. Based on countries, the market is segmented into UAE, Saudi Arabia, Oman, Kuwait, and the Rest of GCC.

GCC Diabetes Care Devices Market Segmentation :

GCC Diabetes Care Devices market by Product Type

  • Blood Glucose Monitoring Device
  • Insulin Delivery Device

GCC Diabetes Care Devices market by End-User

  • Hospitals
  • Homecare Setting
  • Others

GCC Diabetes Care Devices market by Geography

  • UAE Diabetes Care Devices market

Option 1: As a part of the free 25% customization

  • By Product type
  • By End User
  • Saudi Arabia Diabetes Care Devices market

Option 2: As a part of the free 25% customization

  • By Product type
  • By End User
  • Other GCC Countries

Option 3: As a part of the free 25% customization

  • By Product type
  • By End User

Leading market players(Option 4: As a part of free 25% Customization – Profiles of 5 Additional Companies of your Choice)

  • Abbott Laboratories
  • Becton Dickinson and Company
  • Bayer Healthcare
  • Roche Holding AG
  • Medtronic plc
  • Dexcom Inc
  • Biotronik SE
  • GlaxoSmithKline

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About GMI Research:

GMI Research is a market research & consulting firm which helps its client to address their most pressing strategic and business challenges. GMI Research leverages its industry expertise and experience to identify the industry trends, big opportunities and potential growth areas across industries. Our Syndicated reports provide actionable insights and covers industry trends, market drivers & restraints, macroeconomic factors, market estimates & forecasts, competitive landscape etc. which helps our clients to strengthen its market position by deploying specific strategies and actions that will lead to higher growth.

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