
Report ID: UCMIR35A2604
Report ID:
UCMIR35A2604 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The diabetes devices market in the GCC (Gulf Cooperation Council) and UAE (United Arab Emirates) region was estimated to be worth USD 2.76 billion in 2022. Over the forecast period from 2023 to 2030, it is projected to experience a steady growth rate of 7.1% annually. This growth can be attributed to several factors, including the rising prevalence of diabetes, increasing awareness about the condition, and advancements in diabetes management technologies. As the region continues to witness lifestyle changes and an aging population, the demand for diabetes devices such as glucose monitoring systems, insulin delivery devices, and other related equipment is expected to surge. This expanding market presents significant opportunities for both domestic and international manufacturers operating in the GCC and UAE.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIR35A2604