Saudi Arabia Glucometers Market to Grow with an Impressive CAGR until 2026
High cost constraints associated with glucometers is driving the growth of Saudi Arabia Glucometers Market, in the forecast period.
According to TechSci report on, “Saudi Arabia 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, 2026”,Saudi Arabia glucometer market is expected to expand its market share in the upcoming five years, on the account of rising prevalence of diabetes among the geriatric population of the country. Moreover, the population is more aware about the availability of the glucometer to monitor their blood glucose level and keep a complete check over the records such that patients are able to contact their doctors and consult them in case of any serious event. These factors are driving the growth of the Saudi Arabia glucometers market in the upcoming five years, until 2026.
Glucometers are the blood sugar monitoring devices that helps the patient in keeping check over blood glucose level and makes the intended balance between fooding and exercising. The device keeps a track of all the schedules regarding eating and medicinal dosage, diet and exercises. The glucometers are widely available through online distribution channel and pharmacy stores. The device is often consisting of a lancet that pricks the finger and draws blood, this blood is added onto the strip which is then connected to the detector or the smart phones that supports the application that records the blood sugar level. The device is used in hospitals and at home by the patents personally.
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The Saudi Arabia glucometers market is segmented by product type, type, technique, distribution channel, end user, regional distribution, and competitional landscape. Based on type the market is further fragmented into wearable and non-wearable glucometers.
Wearable glucometer is anticipated to register the fastest growth in the market owing to the surge in demand of the product and by the rising number of the diabetic patients that demand better devices and technologically advanced options for their regular blood sugar monitor. Non-wearable glucometers are expected to hold the significant share of the market owing to their ease of availability and smartphone compatibility there by supporting the growth of the market in the upcoming five years.
Diabetes is a chronic condition that arises due to irregular blood sugar levels in the body. The treatment often involves insulin hormone treatment that regulates the sugar level in the human body. Glucometers are used to consistently monitor the blood sugar level on daily, weekly, or continuous period. There are various types of devices available in the market that vary in sizes, prices, length of testing time, ease of accessibility.
In March 2020, the country was affected by the widespread of COVID-19 like the whole world. The economies were affected and the whole world observed a complete lockdown. This affected the market although the healthcare industry was functional as per requirement. Due to the increased number of COVID positive patients, general patients were not able to obtain the due treatments. This fact multiplied the sales of self-monitoring devices many folds. Thus, it can be considered as one of the major factors that boosted the growth of Saudi Arabia glucometers market in the next five years.
Some of the top players in the Saudi Arabia Glucometers market are, Abbott Saudi Arabia, Roche Diagnostics Saudi Arabia LLC, Batterjee National Pharmaceutical (Contour-Ascensia), VitalAire Saudi Arabia, Zimmo Trading Co. Ltd. (Omron Healthcare), Platinum Equity (LifeScan), Johnson & Johnson Medical Saudi Arabia Limited, Dexcom Saudi Arabia, Medtronic Saudi Arabia, Sanofi Aventis Arabia Co. Ltd., among others. The companies are involving themselves into research and development for the methods of better quality, to provide better products.
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“Kingdom of Saudi Arabia supports a large population with disposable incomes. The increased concerns over the deteriorating lifestyle and thus caused diabetes and the related problem is driving the market growth. Moreover, the technologically advanced products can be seen as the future of the glucose monitoring devices. The devices with the smartphone compatibility are a major reason behind the surge in the demand. New players may form a partnership or work on the development of well researched and technologically advanced medical devices that will be cost effective as well as efficient with added functions,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia 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, 2026” has evaluated the future growth potential of Saudi Arabia 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 Saudi Arabia Glucometer market.
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