Middle East and Africa Diabetic Assays Market, By Type (Assays, Devices, Consumables), Disease Type (Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes), Deployment (Automated, Manual), End-Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy) – Industry Trends and Forecast to 2030.
Middle East and Africa Diabetic Assays Market Analysis and Size
Diabetes is one of the most severe endocrine diseases. Governments in the Middle East region have identified the threat of diabetes and initiated to respond with numerous policies, initiatives, and programs. Around 4.27 million people in Saudi Arabia, which has a population of nearly 34.8 million suffer from diabetes, on the other hand, about 1.86 million people have the disease; though they are yet to be diagnosed. The demand for diabetes assays is being boosted by the need for easier, economic, and more efficient management of the Middle East and Africa diabetes epidemic and the increasing development of non-invasive techniques.
Data Bridge Market Research analyses a growth rate in the diabetic assays market in the forecast period 2023-2030. The expected CAGR of diabetic assays market tends to be around 3.3% in the mentioned forecast period. The market is valued at USD 65.5 million in 2022, and it will grow upto USD 84.93 million by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Middle East and Africa Diabetic Assays Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Assays, Devices, Consumables), Disease Type (Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes), Deployment (Automated, Manual), End-Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy)
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Countries Covered
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Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Amgen Inc., Abbvie, Inc (U.S.), Novartis AG (Switzerland), Teva Pharmaceutical Industries Ltd (Israel), Pfizer Inc (U.S.), Merck & Co., Inc. (U.S.), Abbott (U.S.), Siemens Healthcare GmbH (Germany),Hologic, Inc. (U.S.), Dynatronics Corporation (U.S.), Biomerieux (France), Bio-Rad Laboratories, Inc. (U.S.); BioMarin (U.S.), Quotient Suisse SA (Switzerland), BAG Health Care GmbH (Germany), DiaSorin S.p.A (Italy), DRG INSTRUMENTS GMBH (Germany), PTS Diagnostics (U.S.), Ortho Clinical Diagnostics (U.S.), Diazyme Laboratories, Inc (U.S.), ETHOS BIOSCIENCES (U.S.), Abnova Corporation (Taiwan), Monobind Inc. (U.S.)
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Market Opportunities
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Market Definition
Diabetics assays such as auto-antibody assay, Electro-Chemiluminescence assays, enzyme inhibition assay, ELISA assay and others are widely used for the diabetes diagnosis. Diabetics cause severe damage to the heart, eyes, blood vessels, kidney and nerves. Increased risk of cardiac disorders related with diabetes requires successful testing and diagnosis options.
Middle East and Africa Diabetic Assays Market Dynamics
Drivers
- Rising Cases of Diabetes and Obesity
Rise in prevalence of diabetes because of aging, obesity, and unhealthy lifestyle is one of the primary factors leading to the growth of the market. Obesity is a major factor leading to diabetes. According to World Health Organization, in 2016, more than 1.9 billion adults were overweight, about 650 million people were obese. Several risk factors, such as obesity and overweight, are causing an increase in the prevalence of diabetes. Thus, risk factors such as overweight, obesity, smoking, and high cholesterol levels are anticipated to boost the prevalence of diabetes, thus fuelling the need for diabetes devices.
- Increasing Technological Advancements
Rising adoption of insulin delivery devices and increasing occurrence of diabetes are boosting the market growth. Several key manufacturers are primarily focusing on technological innovations and development of different advanced products to gain a considerable market share. For instance, Novo Nordisk collaborated with Abbott in 2019 to incorporate its prefilled and durable connected pens directly into the FreeStyle Libre system (FreeStyle LibreLinkii mobile app and LibreViewiii cloud-based system). CGM is said to further collaborate with insulin delivery systems to ensure a single integrated system for efficient diabetes care management. Additionally, Diabetes Care launched its Slim X2 insulin pump, which is involved with Dexcom G6 CGM. Likewise, Ypsomed Holdings developed a CGM system called Mylife Unio Neva, that adds with the company’s insulin pump. Thus, this factor increases the market growth.
Opportunities
- Rising Awareness About the Diabetic Assays and the Disease
There have been increasing awareness programs and measures that are helping in boosting the market growth. For instance, in July 2022, Saudi Government declared that Saudi Arabia had seen increasing demand for quality healthcare services boosted by changes, including an increasingly elderly population and a rising prevalence of lifestyle diseases such as diabetes and obesity. The government and private sector are both equally involved in working on healthcare entities and regulations. The government is taking every possible step to have 100% of Saudi citizens covered by insurance and is working towards cost-effectively assuring affordability, access, and quality digital healthcare and primary care. Thus, these initiatives are increasing the market growth.
- Wide Adoption of Blood Glucose Meters
The increasing adoption of blood glucose meters is slowly increasing because of advantages such as portability and accuracy. Several market players are also primarily focusing on developing these devices and are launching small blood glucose meters. Some of the smallest blood glucose meters with advanced technology are widely available in the U.K. These are Abbott Diabetes Care Freestyle Lite, Lifescan’s One Touch UltraEasy, Bayer’s CONTOUR NEXT USB, Accu-Chek Aviva Nano, TRUEone blood glucose meter and Accu-Chek Mobile. Introducing these small, discreet, and easy-to-use blood glucose meters is anticipated to increase segment growth in the upcoming years. This as a result, increases the demand for the market.
Restraints/Challenges
- High Cost of Treatment
The increasing expenditure associated with the glucose meters and other instruments and the cost required to conduct the assays impede the market growth. Numerous drugs and surgeries cost high, and people in highly developing and underdeveloped countries cause the under treatment of numerous patients. This impedes the market growth.
This diabetic assays market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the diabetic assays market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In 2019, Siemens Healthineers AG launched its extensive range of products and services at MedLab Middle East 2019 in its main areas of laboratory diagnostics and molecular medicine. MedLab is the only medical laboratory operation that provides vendors a chance to meet a varied audience of customers. More than 19,610 health labs and practitioners from manufacturers to senior end-users accepted the 2019 version in the search for the latest innovative products. With this exhibition, the company has displayed there products to spread its market global presence in field of in-vitro diagnostics.
Middle East and Africa Diabetic Assays Market Scope
The diabetic assays market is segmented on the basis of type, disease type, deployment, end-users and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Assays
- Devices
- Consumables
Disease Type
- Type 1 Diabetes
- Type 2 Diabetes
- Gestational Diabetes
Deployment
- Automated
- Manual
End User
- Hospitals
- Homecare
- Specialty Clinics
- Others
Distribution Channel
- Hospital Pharmacy
- Online Pharmacy
- Retail Pharmacy
Diabetic Assays Market Regional Analysis/Insights
The diabetic assays market is analyzed and market size insights and trends are provided by type, disease type, deployment, end-users and distribution channel as referenced above.
The major countries covered in the diabetic assays market report are Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Saudi Arabia leads the market due to the growing occurrence and progressive nature of the disease which have encouraged the huge development of new drugs to offer additional treatment options for diabetic patients.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Middle East and Africa Diabetic Assays Market Share Analysis
The diabetic assays market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East and Africa presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to diabetic assays market.
Key players operating in the diabetic assays market include:
- Abbvie, Inc (U.S.)
- Novartis AG (Switzerland)
- Teva Pharmaceutical Industries Ltd (Israel)
- Pfizer Inc (U.S.)
- Merck & Co., Inc. (U.S.)
- Abbott (U.S.)
- Siemens Healthcare GmbH (Germany)
- Hologic, Inc. (U.S.)
- Dynatronics Corporation (U.S.)
- Biomerieux (France)
- Bio-Rad Laboratories, Inc. (U.S.)
- BioMarin (U.S.)
- Quotient Suisse SA (Switzerland)
- BAG Health Care GmbH (Germany)
- DiaSorin S.p.A (Italy)
- DRG INSTRUMENTS GMBH (Germany)
- PTS Diagnostics (U.S.)
- Ortho Clinical Diagnostics (U.S.)
- Diazyme Laboratories, Inc (U.S.)
- ETHOS BIOSCIENCES (U.S.)
- Abnova Corporation (Taiwan)
- Monobind Inc. (U.S.)
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