Middle East and Africa Diabetes Market By Abbott, Bayer AG, Merck & Co. Inc., Novartis AG Etc. During 2019-2023

Middle East and Africa Diabetes Market – Key Players

There are plenty of large and small market players which operate in Middle East and Africa diabetes market are: Abbott (US), Bayer AG (Germany), Becton Dickinson and Company (US), Johnson & Johnson Services, Inc. (US), Merck & Co., Inc. (US), Novartis AG (Switzerland), Novo Nordisk A/S (Denmark), Roche Diabetes Care, Inc. (US), sanofi-aventis U.S. LLC (US), Ypsomed (Switzerland)

Middle East and Africa Diabetes Market – Segmentation

Middle East and Africa Diabetes Market has been segmented on the basis of type which comprise Type 1, Type 2, and Gestational diabetes. On the basis of test, market is segmented into Random blood sugar test, Fasting blood sugar test, Oral glucose tolerance test, Initial glucose challenge test and others. On the basis of devices, it is segmented into Blood glucose monitoring devices, Diabetes management devices, and others. On the basis of treatment market is segmented into Medications, Insulin therapy, Transplantation, Bariatric surgery and others.

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Middle East and Africa Diabetes Market – Overview

The Middle East and Africa Diabetes Market has been evaluated as rapidly growing market and it is expected that the market will continue to grow similarly in the near future. This chronic disease can lead to severe medical conditions such as stroke, heart attack or kidney failure. From last two decades, the prevalence of diabetes has increased rapidly in Middle East and Africa region and about 10% of the population is suffering from diabetes. Due to lack of body activity or exercise and eating unhealthy and junk food are leading the growth for the market. In countries like Saudi Arabia, Kuwait, Bahrain, Qatar and UAE, about 24%, 23%, 22%, 20% and 19% of population is affected by this disease respectively. These countries are among the countries with the highest prevalence of this disease. Many countries are facing the burden of diabetes is mostly because of ageing population while in this region, diabetes is rising in all age groups.

On an average one in ten adult is suffering from diabetes in Middle East and Africa region. Most of the case are of Type 2 diabetes and it is growing rapidly. According to International Diabetes Federation Atlas, about 19.3% of population between 20-79 age group is diabetic in UAE and the number is almost same in Saudi Arabia, Qatar, Kuwait and Bahrain. These five nations has the highest rate of diabetes per capita which is among the top 15 countries in the world. Increasing urbanization, changing lifestyle and unhealthy eating habits are driving the growth for the market. Rising middle class group, increasing per capita income, spending on healthcare and advanced healthcare infrastructure facilities are driving the growth for the market in this region.

Middle East and Africa Diabetes Market is growing rapidly. Middle East and Africa Diabetes Market is expected to grow at a CAGR of 5.1% and expected to reach US$ 16.4 billion by 2023 from US$ 11.6 billion in 2016.

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Middle East and Africa Diabetes Market – Regional Analysis

Considering the scenario of the Middle East and African diabetes market, Saudi Arabia is believed to be the largest market for diabetes. Moreover the UAE is also growing and is the second largest market for Middle East and Africa Diabetes. On the other hand, Egypt market is expected to grow at significant rate in the Middle East and Africa diabetes market during the forecasted period. Rest of Middle East and Africa is likely to have a limited but moderate growth in the market.

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