PUBLISHER: Grand View Research | PRODUCT CODE: 1511830
PUBLISHER: Grand View Research | PRODUCT CODE: 1511830
The Middle East & Africa diabetes care devices market size is anticipated to reach USD 1.79 billion by 2030, growing at a CAGR of 8.20% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rapidly growing technological innovations and an increase in obesity prevalence primarily fuel the demand for diabetes care devices in the MEA. Furthermore, the increasing prevalence of diabetes, strategic initiatives such as collaborations and partnerships, and the rising use of insulin-delivery devices are boosting the market in the MEA. For instance, in December 2023, the International Diabetes Federation (IDF) and FIND joined to strengthen the expertise in continuous glucose monitoring (CGM) technology for healthcare professionals and diabetes patients. This partnership, known as ACCEDE (Improving CGM Access for Diabetes Equality), targets improving diabetes care through CGM usage in underprivileged nations, mainly focusing on Kenya and South Africa, which are low-income countries.
The growing awareness of diabetes care is driving the Middle East and Africa industry. With the rising prevalence of chronic diseases, the adoption of healthier lifestyles, and growing government initiatives, raises the demand, resulting in market expansion. For instance, in 2021, the UAE government has set a goal to improve its citizens' overall health and well-being, including reducing the prevalence of chronic diseases like diabetes. The National Agenda for UAE Vision 2021 includes strategies to enhance healthcare services, promote healthy lifestyles, and invest in research and innovation in the healthcare sector. These initiatives aim to reduce the burden of diabetes on the healthcare system and improve patients' overall quality of life.